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U.S. REITS Industry Analysis

UpdatedJun 08, 2026
DataAggregated Company Financials
Companies19
  • 7D1.6%
  • 3M1.8%
  • 1Y7.5%
  • YTD10.4%

The REITS industry has stayed flat over the last week. As for the the longer term, the industry is up 8.6% over the past 12 months. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 08 Jun 2026US$35.7bUS$5.4bUS$711.7m42.4x50.1x6.6x
Wed, 06 May 2026US$40.7bUS$7.0b-US$78,482,784.0031x-518.5x5.8x
Fri, 03 Apr 2026US$38.8bUS$6.9b-US$127,174,113.0030.2x-305x5.6x
Sun, 01 Mar 2026US$42.5bUS$7.2b-US$26,519,157.0029.3x-1600.8x5.9x
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
Price to Earnings Ratio

31.6x


Total Market Cap: US$83.1bTotal Earnings: US$2.6bTotal Revenue: US$12.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. REITS Industry Price to Earnings3Y Average -13.5x202420252026
Current Industry PE
  • Investors are optimistic on the American REITs industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 50.1x which is higher than its 3-year average PE of -13.5x.
  • The 3-year average PS ratio of 5.1x is lower than the industry's current PS ratio of 6.6x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 35% per year over the last three years,
  • Revenues have also declined 24% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

US Market-2.49%
Real Estate2.53%
REITS1.62%
Hotel and Resort REITs6.15%
Office REITs4.79%
Residential REITs4.36%
Retail REITs2.98%
Industrial REITs2.71%
Healthcare REITs2.55%
Diversified REITs1.62%
Specialized REITs0.78%
Industry PE
  • Investors are most optimistic about the Healthcare REITs industry even though it's trading below its 3-year average PE ratio of 372x.
    • Analysts are expecting annual earnings growth of 25.4%, which is higher than its past year's earnings growth of 20.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings growth rate of 20% per year.
  • In contrast, the Residential REITs industry is expected to see its earnings decline by 11% 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
WPC W. P. CareyUS$74.492.2%
+US$360.8m		17.7%PB2x
BNL Broadstone Net LeaseUS$20.583.6%
+US$138.1m		26.2%PB1.4x
EPRT Essential Properties Realty TrustUS$30.271.2%
+US$77.8m		-8.4%PB1.5x
GNL Global Net LeaseUS$9.391.6%
+US$31.8m		21.3%PB1.3x
AAT American Assets TrustUS$23.661.0%
+US$14.7m		17.2%PB1.3x

Latest News

AHRT
US$6.72
AH REALTY TRUST
7D
-1.3%
1Y
-5.0%
Narrative Update • Jun 06

AHRT: Same Store Cash Flow Execution Will Drive Bearish View Forward

Analysts lifted the AH Realty Trust price target to $7 from $6, citing updated models that incorporate a lower discount rate, a shift to higher forecast profit margins, and a revised future P/E assumption. Analyst Commentary Recent research on AH Realty Trust shows a mixed picture, with some firms lifting price targets while others remain cautious.
GOOD
US$12.75
Gladstone Commercial
7D
1.8%
1Y
-13.1%
Narrative Update • Jun 06

GOOD: Leadership Transition And Stable Portfolio Will Support Balanced Future Returns

Analysts have kept their price target for Gladstone Commercial steady at $13.88, reflecting largely unchanged assumptions on fair value, revenue growth, profit margins, and future P/E, with only slight tweaks to the discount rate and long term valuation inputs. What's in the News David Gladstone has stepped down as CEO of Gladstone Commercial effective March 20, 2026, while remaining Chairman of the Board, a member of the investment committee, and Chairman, CEO, and President of the company’s affiliated investment adviser, Gladstone Management Corporation.
AAT
US$23.66
American Assets Trust
7D
1.0%
1Y
17.2%
New Narrative • Jun 05

Office Leasing Headwinds And Slowing Tourism Will Pressure Coastal REIT Fundamentals

Catalysts About American Assets Trust American Assets Trust is a real estate investment trust that owns and operates a diversified portfolio of office, retail, multifamily and mixed-use properties in coastal and supply constrained markets. What are the underlying business or industry changes driving this perspective?
CTO
US$20.52
CTO Realty Growth
7D
1.0%
1Y
8.5%
Seeking Alpha • Jun 05

CTO Realty Growth: 7.6% Yield With Approaching Call - Bargain Or Trap?

Summary CTO Realty Growth is a small-cap REIT focused on shopping centers in high-growth Southern U.S. markets, offering stable rents and an unsecured balance sheet. CTO.PR.A preferred stock yields 7.6%, trades below par, and faces a call date in July 2026, presenting potential capital gain upon redemption. CTO's financials show an asset coverage ratio near 200%, but high leverage (debt/EBITDA ~8) places it in speculative territory per Moody’s methodology. Lack of formal credit rating, sector concentration, and small size increase risk, but CTO.PR.A’s yield and call dynamics may appeal to income-focused investors. Read the full article on Seeking Alpha
WPC
US$74.49
W. P. Carey
7D
2.2%
1Y
17.7%
Narrative Update • Jun 05

WPC: Re Loaded Balance Sheet And New Investments Will Shape Fair Outlook

Analyst price targets for W. P.
EPRT
US$30.27
Essential Properties Realty Trust
7D
1.2%
1Y
-8.4%
Narrative Update • Jun 05

EPRT: Low Cost Capital And Forward Equity Expected To Support Future Acquisitions

Analysts have trimmed the blended price target for Essential Properties Realty Trust by about $0.25 to $37.13, reflecting slightly higher discount-rate assumptions tied to macro and rate uncertainty, while also factoring in modestly stronger revenue growth, margins, and a lower future P/E. Analyst Commentary Recent Street research on Essential Properties Realty Trust has been active, with several firms adjusting price targets across a relatively tight range in response to sector-level and macro considerations.
BNL
US$20.58
Broadstone Net Lease
7D
3.6%
1Y
26.2%
Narrative Update • Jun 03

BNL: Fair View Balances Q1 Earnings Momentum With Execution And Rate Risks

Analysts have raised their price target on Broadstone Net Lease to $21.82 from $20.91, reflecting updated assumptions on the discount rate, revenue growth, profit margin, and future P/E that are in line with recent Street research updates from firms such as Cantor Fitzgerald and UBS. Analyst Commentary Bullish Takeaways Bullish analysts see the higher price targets as aligning the stock more closely with their updated P/E assumptions, suggesting the prior targets may have been conservative relative to current expectations.
PINE
US$19.66
Alpine Income Property Trust
7D
2.7%
1Y
27.2%
Narrative Update • Jun 03

PINE: Dividend Yield And Q1 Guidance Reset Will Shape Balanced Outlook

Analysts made a small trim to their fair value estimate for Alpine Income Property Trust to about $21.09 from roughly $21.18, reflecting updated views on revenue growth, profitability, and valuation following recent Q1-driven model changes and price target adjustments across covering firms. Analyst Commentary Recent Street research on Alpine Income Property Trust shows a mix of optimism on value and income, alongside some caution tied to updated models after Q1 results.
GNL
US$9.39
Global Net Lease
7D
1.6%
1Y
21.3%
Narrative Update • Jun 03

GNL: Acquisition And Buybacks Will Balance Downgrade And Earnings Miss Risks

Analysts maintained their $10.17 price target on Global Net Lease, citing only minor adjustments to discount rate and profit margin assumptions, along with a slightly higher future P/E multiple following recent research, including the BMO Capital downgrade. What's in the News Global Net Lease reported a Q1 2026 earnings miss, with EPS at a loss of US$0.09 compared with an expected US$0.26 and revenue slightly below forecasts.
NXDT
US$5.17
NexPoint Diversified Real Estate Trust
7D
-0.4%
1Y
26.4%
SQFT
US$2.26
Presidio Property Trust
7D
-13.4%
1Y
-52.9%
GIPR
US$0.20
Generation Income Properties
7D
-6.6%
1Y
-86.6%
MKZR
US$2.33
MacKenzie Realty Capital
7D
-1.2%
1Y
-73.4%