U.S. REITS Industry Analysis
UpdatedJun 04, 2024
DataAggregated Company Financials
Companies25
- 7D0.8%
- 3M2.1%
- 1Y-4.3%
- YTD-9.1%
The REITS is pretty flat in the last 7 days, but Empire State Realty Trust has stood out, gaining 5.4%. As for the longer term, the industry has declined 4.3% in the last year. Earnings are forecast to be flat in the coming years.
Industry Valuation and Performance
Has the U.S. REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 04 Jun 2024 | US$33.7b | US$6.9b | US$664.0m | 24x | 50.8x | 4.9x |
| Thu, 02 May 2024 | US$32.5b | US$6.7b | US$694.9m | 23.2x | 46.8x | 4.8x |
| Sat, 30 Mar 2024 | US$34.1b | US$6.6b | US$768.4m | 26.5x | 44.4x | 5.2x |
| Mon, 26 Feb 2024 | US$32.6b | US$6.4b | US$941.6m | 26.2x | 34.6x | 5.1x |
| Wed, 24 Jan 2024 | US$85.2b | US$21.2b | US$889.0m | 24.9x | 95.9x | 4x |
| Fri, 22 Dec 2023 | US$85.7b | US$21.3b | US$878.5m | 28x | 97.6x | 4x |
| Sun, 19 Nov 2023 | US$81.9b | US$21.3b | US$878.5m | 23.6x | 93.3x | 3.8x |
| Tue, 17 Oct 2023 | US$80.1b | US$21.1b | US$1.0b | 21.2x | 78.4x | 3.8x |
| Thu, 14 Sep 2023 | US$83.8b | US$21.1b | US$1.0b | 23.1x | 81.9x | 4x |
| Sat, 12 Aug 2023 | US$83.9b | US$21.1b | US$1.2b | 21x | 72.5x | 4x |
| Mon, 10 Jul 2023 | US$83.1b | US$20.9b | US$1.2b | 22.3x | 70.7x | 4x |
| Wed, 07 Jun 2023 | US$82.7b | US$12.2b | US$2.6b | 19.6x | 31.5x | 6.8x |
| Fri, 05 May 2023 | US$82.8b | US$12.2b | US$2.7b | 20.3x | 30.7x | 6.8x |
| Sun, 02 Apr 2023 | US$85.5b | US$12.2b | US$2.7b | 26.2x | 32.1x | 7x |
| Tue, 28 Feb 2023 | US$1.3t | US$189.5b | US$39.0b | 26.1x | 33.3x | 6.9x |
| Thu, 26 Jan 2023 | US$1.3t | US$183.5b | US$43.3b | 27x | 30.7x | 7.2x |
| Sat, 24 Dec 2022 | US$1.3t | US$183.5b | US$44.0b | 25.3x | 28.4x | 6.8x |
| Mon, 21 Nov 2022 | US$1.3t | US$183.4b | US$44.0b | 25.8x | 29.1x | 7x |
| Wed, 19 Oct 2022 | US$1.2t | US$177.8b | US$39.9b | 26.6x | 29.6x | 6.6x |
| Fri, 16 Sep 2022 | US$1.3t | US$177.4b | US$40.0b | 29.7x | 33x | 7.4x |
| Sun, 14 Aug 2022 | US$1.5t | US$177.3b | US$40.0b | 32.5x | 37.1x | 8.4x |
| Tue, 12 Jul 2022 | US$1.3t | US$168.8b | US$38.3b | 30.8x | 34.9x | 7.9x |
| Thu, 09 Jun 2022 | US$1.4t | US$168.6b | US$38.3b | 34x | 37.6x | 8.5x |
| Sat, 07 May 2022 | US$1.5t | US$169.1b | US$38.4b | 35.1x | 38.5x | 8.8x |
| Mon, 04 Apr 2022 | US$1.6t | US$168.5b | US$35.1b | 42.3x | 46.5x | 9.7x |
| Wed, 02 Mar 2022 | US$1.5t | US$170.9b | US$35.1b | 39.9x | 43x | 8.8x |
| Fri, 28 Jan 2022 | US$1.5t | US$168.7b | US$28.2b | 42.7x | 53.2x | 8.9x |
| Sun, 26 Dec 2021 | US$1.6t | US$167.9b | US$27.3b | 46.8x | 60.1x | 9.8x |
| Tue, 23 Nov 2021 | US$1.6t | US$170.1b | US$27.2b | 46.6x | 58.8x | 9.4x |
| Thu, 21 Oct 2021 | US$1.6t | US$163.4b | US$21.4b | 52.1x | 72.9x | 9.5x |
| Sat, 18 Sep 2021 | US$1.5t | US$163.3b | US$20.9b | 50.1x | 72.7x | 9.3x |
| Mon, 16 Aug 2021 | US$1.5t | US$162.2b | US$20.9b | 51.2x | 71.3x | 9.2x |
Price to Earnings Ratio
67.3x
Current Industry PE
- Investors are relatively neutral on the American REITs industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 53.1x.
- The 3-year average PS ratio of 6.9x is higher than the industry's current PS ratio of 4.9x.
Past Earnings Growth
- The earnings for companies in the REITs industry have declined 68% per year over the last three years,
- Revenues have also declined 65% 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 | -0.61% | |
| Real Estate | 1.66% | |
| REITS | 0.77% | |
| Healthcare REITs | 3.06% | |
| Retail REITs | 3.03% | |
| Industrial REITs | 2.19% | |
| Office REITs | 1.86% | |
| Diversified REITs | 0.77% | |
| Specialized REITs | 0.64% | |
| Hotel and Resort REITs | 0.076% | |
| Residential REITs | 0.0018% | |
Industry PE
- Investors are most optimistic about the Diversified REITs industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 0.6%, which is higher than its past year's earnings decline of 10.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings growth rate of 15% per year.
- In contrast, the Residential REITs industry is expected to see its earnings decline by 12% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ESRT Empire State Realty Trust | US$9.52 | 5.4% +US$80.9m | 53.1% | PB1.6x | |
| BNL Broadstone Net Lease | US$15.32 | 1.5% +US$41.5m | -3.7% | PB0.9x | |
| AAT American Assets Trust | US$21.79 | 3.1% +US$40.2m | 12.7% | PB1.1x | |
| GNL Global Net Lease | US$7.58 | 2.0% +US$34.5m | -23.8% | PB0.7x | |
| ALEX Alexander & Baldwin | US$16.88 | 2.2% +US$26.9m | -9.2% | PB1.2x |