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U.S. REITS Industry Analysis

UpdatedJun 11, 2026
DataAggregated Company Financials
Companies20
  • 7D3.4%
  • 3M4.9%
  • 1Y9.9%
  • YTD12.7%

Over the last 7 days, the REITS industry has risen 3.4%, driven by gains from W. P. Carey of 3.1%. In the last 12 months, the industry was up 9.9%. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 11 Jun 2026US$36.3bUS$5.5bUS$699.2m42.4x51.8x6.6x
Sat, 09 May 2026US$35.4bUS$5.4bUS$707.9m31.2x50x6.5x
Mon, 06 Apr 2026US$39.1bUS$6.9b-US$127,240,621.0030.2x-307.2x5.7x
Wed, 04 Mar 2026US$43.1bUS$7.2b-US$9,231,157.0027.9x-4668x6x
Fri, 30 Jan 2026US$33.9bUS$7.5b-US$252,955,402.0032.5x-134.1x4.5x
Sun, 28 Dec 2025US$38.7bUS$7.5b-US$252,955,402.0031.9x-152.9x5.1x
Tue, 25 Nov 2025US$33.5bUS$6.0bUS$431.1m27.4x77.7x5.6x
Thu, 23 Oct 2025US$34.0bUS$6.1bUS$423.7m30.9x80.3x5.6x
Sat, 20 Sep 2025US$34.6bUS$6.1bUS$448.2m33.1x77.1x5.7x
Mon, 18 Aug 2025US$33.6bUS$6.2bUS$468.4m27x71.6x5.4x
Wed, 16 Jul 2025US$34.0bUS$6.3bUS$598.5m26.5x56.9x5.4x
Fri, 13 Jun 2025US$34.3bUS$6.3bUS$598.5m28.3x57.3x5.5x
Sun, 11 May 2025US$33.3bUS$6.2bUS$544.5m27.3x61.1x5.4x
Tue, 08 Apr 2025US$34.0bUS$7.1bUS$745.2m24.5x45.6x4.8x
Thu, 06 Mar 2025US$36.9bUS$7.0bUS$871.9m29.8x42.3x5.3x
Sat, 01 Feb 2025US$34.9bUS$7.0bUS$879.2m25.4x39.6x5x
Mon, 30 Dec 2024US$35.0bUS$7.0bUS$878.8m27.3x39.9x5x
Wed, 27 Nov 2024US$35.4bUS$7.0bUS$915.5m29.9x38.7x5.1x
Fri, 25 Oct 2024US$38.0bUS$7.0bUS$634.5m27.6x60x5.4x
Sun, 22 Sep 2024US$38.8bUS$6.9bUS$648.3m27x59.9x5.6x
Tue, 20 Aug 2024US$35.8bUS$6.8bUS$561.6m28.5x63.7x5.2x
Thu, 18 Jul 2024US$36.4bUS$6.8bUS$676.6m27.7x53.8x5.3x
Sat, 15 Jun 2024US$33.6bUS$6.9bUS$664.0m24x50.6x4.9x
Mon, 13 May 2024US$34.2bUS$6.9bUS$671.0m24.1x51x5x
Wed, 10 Apr 2024US$33.5bUS$6.6bUS$759.3m26.9x44.1x5.1x
Fri, 08 Mar 2024US$32.5bUS$6.5bUS$882.7m27.5x36.8x5x
Sun, 04 Feb 2024US$83.7bUS$21.2bUS$890.2m26.6x94.1x4x
Tue, 02 Jan 2024US$85.9bUS$21.3bUS$878.7m27.7x97.8x4x
Thu, 30 Nov 2023US$83.2bUS$21.3bUS$878.5m24.3x94.7x3.9x
Sat, 28 Oct 2023US$79.1bUS$21.1bUS$1.0b20.6x78x3.8x
Mon, 25 Sep 2023US$81.7bUS$21.1bUS$1.0b22.4x80x3.9x
Wed, 23 Aug 2023US$82.4bUS$21.1bUS$1.0b23.3x80.6x3.9x
Fri, 21 Jul 2023US$84.9bUS$20.9bUS$1.2b23.2x72.2x4.1x
Sun, 18 Jun 2023US$82.9bUS$12.0bUS$2.6b20.7x31.8x6.9x
Price to Earnings Ratio

31.8x


Total Market Cap: US$82.9bTotal Earnings: US$2.6bTotal Revenue: US$12.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. REITS Industry Price to Earnings3Y Average -13.4x202420252026
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 51.8x which is higher than its 3-year average PE of -13.4x.
  • 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 36% per year over the last three years,
  • Revenues have also declined 23% 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-4.05%
Real Estate3.32%
REITS3.43%
Office REITs8.81%
Healthcare REITs5.17%
Retail REITs4.92%
Diversified REITs3.43%
Specialized REITs3.18%
Residential REITs3.07%
Industrial REITs2.91%
Hotel and Resort REITs2.66%
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 25.6%, 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 26% 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 10% 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$75.843.1%
+US$503.4m		19.7%PB2x
EPRT Essential Properties Realty TrustUS$30.793.6%
+US$233.5m		-6.0%PB1.5x
BNL Broadstone Net LeaseUS$21.084.5%
+US$172.6m		29.2%PB1.4x
AAT American Assets TrustUS$24.505.1%
+US$72.4m		20.6%PB1.3x
GNL Global Net LeaseUS$9.472.8%
+US$55.1m		23.3%PB1.3x

Latest News

GNL
US$9.47
Global Net Lease
7D
2.8%
1Y
23.3%
WPC
US$75.84
W. P. Carey
7D
3.1%
1Y
19.7%
AAT
US$24.50
American Assets Trust
7D
5.1%
1Y
20.6%
CTO
US$20.98
CTO Realty Growth
7D
5.3%
1Y
11.9%
Narrative Update • Jun 08

CTO: Stable 2026 Earnings Outlook Will Support Further Upside Potential

Analysts have kept their price target for CTO Realty Growth steady at $23.00, reflecting largely unchanged views on fair value, discount rate, growth and profit margin assumptions. What's in the News CTO Realty Growth issued revised unaudited earnings guidance for 2026, with expected Net Income Attributable to the Company per Common Share, Diluted, in a range of $0.53 to $0.59.
GOOD
US$12.76
Gladstone Commercial
7D
3.1%
1Y
-13.4%
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.
EPRT
US$30.79
Essential Properties Realty Trust
7D
3.6%
1Y
-6.0%
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$21.08
Broadstone Net Lease
7D
4.5%
1Y
29.2%
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$20.21
Alpine Income Property Trust
7D
6.3%
1Y
30.1%
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.
NXDT
US$5.07
NexPoint Diversified Real Estate Trust
7D
-3.6%
1Y
26.8%
GIPR
US$0.20
Generation Income Properties
7D
-1.3%
1Y
-86.6%
MKZR
US$2.32
MacKenzie Realty Capital
7D
-0.03%
1Y
-70.2%