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U.S. REITS Industry Analysis

UpdatedJan 27, 2026
DataAggregated Company Financials
Companies22
  • 7D-1.7%
  • 3M2.3%
  • 1Y3.4%
  • YTD3.8%

Last week, the REITS industry hasn't moved much but NexPoint Diversified Real Estate Trust is up 18% in that time. As for the the longer term, the industry is up 6.4% over the past 12 months. Earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

Has the U.S. REITS Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 27 Jan 2026US$34.6bUS$7.5b-US$252,955,402.0032.2x-136.6x4.6x
Thu, 25 Dec 2025US$38.6bUS$7.5b-US$252,955,402.0032.6x-152.7x5.1x
Sat, 22 Nov 2025US$32.9bUS$6.0bUS$427.0m27.6x77.1x5.5x
Mon, 20 Oct 2025US$33.8bUS$6.1bUS$423.7m31x79.8x5.6x
Wed, 17 Sep 2025US$34.7bUS$6.1bUS$455.0m33.5x76.3x5.7x
Fri, 15 Aug 2025US$34.1bUS$6.3bUS$456.3m26.9x74.6x5.4x
Sun, 13 Jul 2025US$33.1bUS$6.3bUS$598.5m27.3x55.2x5.3x
Tue, 10 Jun 2025US$34.0bUS$6.3bUS$598.1m27.6x56.8x5.4x
Thu, 08 May 2025US$32.9bUS$6.3bUS$640.2m26.3x51.4x5.2x
Sat, 05 Apr 2025US$35.1bUS$7.1bUS$725.6m25.8x48.4x5x
Mon, 03 Mar 2025US$37.3bUS$7.0bUS$880.0m27.2x42.4x5.4x
Wed, 29 Jan 2025US$35.4bUS$7.0bUS$878.8m25.7x40.3x5.1x
Fri, 27 Dec 2024US$35.4bUS$7.0bUS$878.8m27.7x40.3x5.1x
Sun, 24 Nov 2024US$37.2bUS$7.0bUS$915.5m29.3x40.6x5.3x
Tue, 22 Oct 2024US$38.8bUS$7.0bUS$626.3m28x61.9x5.6x
Thu, 19 Sep 2024US$39.0bUS$6.9bUS$648.3m27.5x60.1x5.6x
Sat, 17 Aug 2024US$35.8bUS$6.9bUS$629.3m27x56.8x5.2x
Mon, 15 Jul 2024US$35.6bUS$6.8bUS$676.6m26.4x52.6x5.2x
Wed, 12 Jun 2024US$33.3bUS$6.9bUS$664.0m23.5x50.2x4.9x
Fri, 10 May 2024US$33.6bUS$6.9bUS$723.7m24.2x46.5x4.9x
Sun, 07 Apr 2024US$33.0bUS$6.6bUS$760.5m25.1x43.5x5x
Tue, 05 Mar 2024US$32.7bUS$6.5bUS$874.8m27.9x37.4x5x
Thu, 01 Feb 2024US$84.5bUS$21.2bUS$890.2m26.9x94.9x4x
Sat, 30 Dec 2023US$86.5bUS$21.3bUS$878.5m27.7x98.4x4.1x
Mon, 27 Nov 2023US$82.4bUS$21.3bUS$878.5m23x93.8x3.9x
Wed, 25 Oct 2023US$79.0bUS$21.1bUS$1.0b20.8x78.7x3.7x
Fri, 22 Sep 2023US$82.3bUS$21.1bUS$1.0b22.8x80.6x3.9x
Sun, 20 Aug 2023US$82.6bUS$21.1bUS$1.0b23.5x80.8x3.9x
Tue, 18 Jul 2023US$83.9bUS$20.9bUS$1.2b22.5x71.3x4x
Thu, 15 Jun 2023US$83.1bUS$12.2bUS$2.6b20.7x31.6x6.8x
Sat, 13 May 2023US$82.3bUS$12.3bUS$2.7b18x30.4x6.7x
Mon, 10 Apr 2023US$85.0bUS$12.4bUS$2.5b26.1x34.5x6.9x
Wed, 08 Mar 2023US$1.3tUS$189.9bUS$38.8b26.2x33.1x6.8x
Fri, 03 Feb 2023US$1.4tUS$183.4bUS$42.8b27.9x32.7x7.6x
Price to Earnings Ratio

32.7x


Total Market Cap: US$1.4tTotal Earnings: US$42.8bTotal Revenue: US$183.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. REITS Industry Price to Earnings3Y Average 51.8x202420252026
Current Industry PE
  • Investors are pessimistic on the American REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 5.2x is higher than the industry's current PS ratio of 4.6x.
Past Earnings Growth
  • Total earnings for the REITs industry have declined over the last three years, with the industry now making a loss overall.
  • Revenues have also declined 65% per year, which is driving profits down.

Industry Trends

Which industries have driven the changes within the U.S. Real Estate industry?

US Market0.12%
Real Estate-2.36%
REITS-1.71%
Hotel and Resort REITs0.067%
Retail REITs-0.99%
Residential REITs-1.63%
Diversified REITs-1.71%
Specialized REITs-2.46%
Healthcare REITs-3.00%
Industrial REITs-4.53%
Office REITs-4.54%
Industry PE
  • Investors are most optimistic about the Healthcare REITs industry which is trading above its 3-year average PE ratio of 340x.
    • Analysts are expecting annual earnings growth of 29.3%, which is lower than the prior year's growth of 33.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 29% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Office REITs industry is expected to see its earnings decline by 13% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
NXDT NexPoint Diversified Real Estate TrustUS$4.6517.7%
+US$34.3m		-15.0%PB0.3x
MDV Modiv IndustrialUS$15.354.3%
+US$6.5m		4.6%PB1x
PINE Alpine Income Property TrustUS$17.700.9%
+US$2.1m		4.9%PB1.1x

Latest News

WPC
US$68.58
W. P. Carey
7D
-2.4%
1Y
20.4%

WPC: Dividend Policy And Sector Positioning Will Shape Future Returns

Narrative Update The analyst price target for W. P.
CTO
US$17.76
CTO Realty Growth
7D
-3.7%
1Y
-9.3%
MDV
US$15.35
Modiv Industrial
7D
4.3%
1Y
4.6%
BNL
US$18.47
Broadstone Net Lease
7D
-1.3%
1Y
13.0%

BNL: Higher FY25 Investments And Investor Day Will Shape Risk Balance

Analysts have lifted their price target range for Broadstone Net Lease by about $4 to roughly $19, citing higher planned FY25 investment volumes and noting that current 2026 assumptions could prove conservative if those trends continue. Analyst Commentary Even with the higher price target range and larger planned FY25 investment volumes, some bearish analysts are still urging caution.
GOOD
US$11.31
Gladstone Commercial
7D
-3.5%
1Y
-31.1%
PINE
US$17.70
Alpine Income Property Trust
7D
0.9%
1Y
4.9%
AHH
US$6.87
Armada Hoffler Properties
7D
-2.7%
1Y
-31.6%
NXDT
US$4.65
NexPoint Diversified Real Estate Trust
7D
17.7%
1Y
-15.0%
GNL
US$9.38
Global Net Lease
7D
-1.0%
1Y
27.1%
EPRT
US$30.33
Essential Properties Realty Trust
7D
-1.6%
1Y
-6.1%
ALEX
US$20.70
Alexander & Baldwin
7D
-0.7%
1Y
15.7%

ALEX: Shopping Centers And Buyout Deal Will Offset REIT Fund Flow Headwinds

Analysts have modestly reduced their price target on Alexander & Baldwin by about $1 to approximately $21 per share. This reflects slightly lower fair value and profit margin expectations, even as projected revenue declines appear less severe and long term earnings multiples compress amid ongoing REIT fund flow headwinds.