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U.S. REITS Industry Analysis

UpdatedAug 18, 2026
DataAggregated Company Financials
Companies20
  • 7D1.6%
  • 3M-1.9%
  • 1Y8.8%
  • YTD8.3%

The REITS is pretty flat in the last 7 days, but Essential Properties Realty Trust has stood out, gaining 3.2%. The past year has been better, since the industry has gained 8.1% in that time. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Aug 2026US$35.5bUS$5.6bUS$943.0m44.9x37.6x6.4x
Thu, 16 Jul 2026US$35.8bUS$5.5bUS$697.8m44.4x51.4x6.5x
Sat, 13 Jun 2026US$36.2bUS$5.5bUS$699.0m45.7x51.8x6.6x
Mon, 11 May 2026US$35.5bUS$5.4bUS$706.6m31.2x50.2x6.5x
Wed, 08 Apr 2026US$38.9bUS$6.9b-US$127,240,621.0030.3x-305.9x5.6x
Fri, 06 Mar 2026US$42.6bUS$7.2b-US$13,618,385.0027.7x-3130.5x5.9x
Sun, 01 Feb 2026US$34.7bUS$7.5b-US$252,873,402.0031.1x-137.1x4.6x
Tue, 30 Dec 2025US$38.7bUS$7.5b-US$252,955,402.0032.5x-153.1x5.1x
Thu, 27 Nov 2025US$33.5bUS$6.0bUS$431.1m27.4x77.7x5.6x
Sat, 25 Oct 2025US$34.2bUS$6.1bUS$435.7m31.6x78.4x5.6x
Mon, 22 Sep 2025US$34.3bUS$6.1bUS$448.2m33.1x76.6x5.6x
Wed, 20 Aug 2025US$33.1bUS$6.1bUS$462.1m29.3x71.7x5.4x
Fri, 18 Jul 2025US$33.1bUS$6.3bUS$598.5m25.9x55.4x5.3x
Sun, 15 Jun 2025US$34.0bUS$6.3bUS$598.5m27.9x56.8x5.4x
Tue, 13 May 2025US$33.2bUS$6.2bUS$538.8m27.3x61.5x5.3x
Thu, 10 Apr 2025US$31.9bUS$7.1bUS$745.2m25x42.8x4.5x
Sat, 08 Mar 2025US$36.5bUS$7.0bUS$867.5m30x42x5.2x
Mon, 03 Feb 2025US$34.9bUS$7.0bUS$879.2m25.4x39.7x5x
Wed, 01 Jan 2025US$35.0bUS$7.0bUS$878.8m27.4x39.8x5x
Fri, 29 Nov 2024US$37.7bUS$7.0bUS$915.5m29.9x41.2x5.4x
Sun, 27 Oct 2024US$37.3bUS$7.0bUS$651.5m26x57.3x5.3x
Tue, 24 Sep 2024US$38.8bUS$6.9bUS$648.3m27x59.9x5.6x
Thu, 22 Aug 2024US$36.3bUS$6.8bUS$561.6m29x64.6x5.3x
Sat, 20 Jul 2024US$36.6bUS$6.8bUS$676.8m27.2x54.1x5.4x
Mon, 17 Jun 2024US$33.5bUS$6.9bUS$664.4m24.6x50.4x4.9x
Wed, 15 May 2024US$34.5bUS$6.9bUS$671.0m24.1x51.4x5x
Fri, 12 Apr 2024US$32.7bUS$6.6bUS$759.3m25.4x43x5x
Sun, 10 Mar 2024US$32.8bUS$6.5bUS$881.4m27.6x37.2x5x
Tue, 06 Feb 2024US$33.3bUS$6.3bUS$1.0b26.5x31.9x5.3x
Thu, 04 Jan 2024US$85.5bUS$21.2bUS$876.1m25x97.6x4x
Sat, 02 Dec 2023US$83.6bUS$21.3bUS$878.5m25.9x95.2x3.9x
Mon, 30 Oct 2023US$79.1bUS$21.2bUS$1.0b21.7x77.4x3.7x
Wed, 27 Sep 2023US$80.5bUS$21.1bUS$1.0b21.5x78.8x3.8x
Fri, 25 Aug 2023US$82.8bUS$21.1bUS$1.0b23.6x80.9x3.9x
Price to Earnings Ratio

80.9x


Total Market Cap: US$82.8bTotal Earnings: US$1.0bTotal Revenue: US$21.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. REITS Industry Price to Earnings3Y Average -15.1x202420252026
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 37.6x which is higher than its 3-year average PE of -15.1x.
  • The 3-year average PS ratio of 5.2x is lower than the industry's current PS ratio of 6.4x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 2.7% per year over the last three years,
  • Revenues have also declined 36% 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 Market0.11%
Real Estate0.62%
REITS1.55%
Diversified REITs1.55%
Hotel and Resort REITs1.55%
Industrial REITs0.76%
Retail REITs0.72%
Specialized REITs-0.39%
Healthcare REITs-0.54%
Office REITs-0.80%
Residential REITs-1.06%
Industry PE
  • Investors are most optimistic about the Healthcare REITs industry even though it's trading below its 3-year average PE ratio of 373x.
    • Analysts are expecting annual earnings growth of 18.5%, which is lower than the prior year's growth of 42.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings decline of 23% per year.
  • In contrast, the Residential 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
EPRT Essential Properties Realty TrustUS$31.143.2%
+US$207.6m		2.9%PB1.5x
WPC W. P. CareyUS$71.521.2%
+US$195.9m		10.6%PB1.9x
BNL Broadstone Net LeaseUS$21.223.7%
+US$145.9m		27.8%PB1.4x
NXDT NexPoint Diversified Real Estate TrustUS$4.954.7%
+US$18.2m		21.9%PB0.4x
CTO CTO Realty GrowthUS$21.912.0%
+US$16.5m		33.4%PB1.2x

Latest News

AHRT
US$6.66
AH REALTY TRUST
7D
-1.2%
1Y
-5.1%
NXDT
US$4.95
NexPoint Diversified Real Estate Trust
7D
4.7%
1Y
21.9%
WPC
US$71.52
W. P. Carey
7D
1.2%
1Y
10.6%
Narrative Update • Aug 15

WPC: Portfolio Simplification And Acquisition Activity Will Drive Forward Repricing

The analyst price target for W. P.
GNL
US$8.81
Global Net Lease
7D
-4.8%
1Y
17.8%
GIPR
US$0.35
Generation Income Properties
7D
-51.8%
1Y
-96.2%
GOOD
US$12.97
Gladstone Commercial
7D
1.6%
1Y
-0.8%
CTO
US$21.91
CTO Realty Growth
7D
2.0%
1Y
33.4%
Seeking Alpha • Aug 12

CTO Realty Growth: The 10x REIT Hiding In The Discount Aisle

Summary CTO Realty Growth delivered a robust quarter: 16.5% revenue growth, 17.8% core FFO/share growth, and raised guidance across four metrics. CTO trades at a 10.4x 2026 core FFO multiple and a 6.92% dividend yield, well below peer REIT multiples of 13–19x, presenting a persistent valuation gap. The next 18 months of growth are largely contracted, driven by $6.3M signed-not-open rent and a strong leasing pipeline, with capital recycling at attractive spreads. I rate CTO a buy: a good business at a fair price with 16% upside to my $25 target, but risks include 2027 refinancing and 15% exposure to credit assets. Read the full article on Seeking Alpha
EPRT
US$31.14
Essential Properties Realty Trust
7D
3.2%
1Y
2.9%
Seeking Alpha • Aug 09

Essential Properties Realty Trust Is Getting Close To A Buy Rating

Summary EPRT remains a hold, with business fundamentals outpacing peers but valuation not yet compelling enough to upgrade. EPRT's portfolio is highly diversified, with the top 10 tenants accounting for just 15.2% of ABR, mitigating concentration risk. EPRT targets 8% AFFO growth for 2026, supported by robust investment activity and sector-leading investment spreads of 1.4%. Current 14.0x P/FFO multiple is more attractive than prior levels, but I await a further drop to 13–13.5x before adding. Read the full article on Seeking Alpha
AAT
US$22.65
American Assets Trust
7D
0.5%
1Y
16.9%
BNL
US$21.22
Broadstone Net Lease
7D
3.7%
1Y
27.8%
PINE
US$19.59
Alpine Income Property Trust
7D
0.7%
1Y
35.4%
SQFT
US$1.45
Presidio Property Trust
7D
-5.2%
1Y
-71.7%