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U.S. REITS Industry Analysis

UpdatedJun 05, 2026
DataAggregated Company Financials
Companies19
  • 7D-1.9%
  • 3M-0.07%
  • 1Y8.3%
  • YTD9.1%

Over the last 7 days, the REITS industry has dropped 2.0%, driven by Essential Properties Realty Trust declining 4.4%. Over the past 12 months, the industry was up 8.4%. Looking forward, 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
Fri, 05 Jun 2026US$35.2bUS$5.4bUS$711.7m42.4x49.4x6.5x
Sun, 03 May 2026US$40.9bUS$7.0b-US$80,856,621.0030.7x-506.4x5.8x
Tue, 31 Mar 2026US$38.1bUS$6.9b-US$99,064,113.0029.6x-384.9x5.5x
Thu, 26 Feb 2026US$43.0bUS$7.5b-US$122,349,157.0029.1x-351.7x5.8x
Sat, 24 Jan 2026US$34.3bUS$7.5b-US$252,955,402.0031.9x-135.6x4.5x
Mon, 22 Dec 2025US$33.0bUS$6.0bUS$427.5m32.1x77.1x5.5x
Wed, 19 Nov 2025US$33.2bUS$6.0bUS$427.0m27.2x77.7x5.5x
Fri, 17 Oct 2025US$33.8bUS$6.1bUS$423.7m31x79.7x5.6x
Sun, 14 Sep 2025US$34.7bUS$6.1bUS$455.0m32.7x76.4x5.7x
Tue, 12 Aug 2025US$33.8bUS$6.3bUS$457.2m26.6x73.9x5.4x
Thu, 10 Jul 2025US$33.4bUS$6.3bUS$598.5m27.1x55.8x5.3x
Sat, 07 Jun 2025US$33.7bUS$6.3bUS$598.1m27.6x56.3x5.4x
Mon, 05 May 2025US$32.8bUS$6.3bUS$644.2m27.1x50.9x5.2x
Wed, 02 Apr 2025US$36.2bUS$7.1bUS$725.6m27.3x49.9x5.1x
Fri, 28 Feb 2025US$36.8bUS$6.9bUS$826.2m24.1x44.6x5.3x
Sun, 26 Jan 2025US$32.9bUS$7.0bUS$878.8m25.4x37.4x4.7x
Tue, 24 Dec 2024US$35.1bUS$7.0bUS$878.8m27.2x40x5x
Thu, 21 Nov 2024US$36.9bUS$7.0bUS$915.5m28.9x40.3x5.3x
Sat, 19 Oct 2024US$38.6bUS$7.0bUS$626.3m28.3x61.7x5.5x
Mon, 16 Sep 2024US$38.6bUS$6.8bUS$580.6m28.6x66.5x5.7x
Wed, 14 Aug 2024US$35.2bUS$6.9bUS$641.2m26.5x54.9x5.1x
Fri, 12 Jul 2024US$33.9bUS$6.8bUS$676.6m26.3x50.1x5x
Sun, 09 Jun 2024US$33.4bUS$6.9bUS$664.0m23.9x50.3x4.9x
Tue, 07 May 2024US$33.8bUS$6.7bUS$739.8m23.4x45.6x5x
Thu, 04 Apr 2024US$32.9bUS$6.6bUS$760.5m25.5x43.3x5x
Sat, 02 Mar 2024US$32.3bUS$6.6bUS$875.8m27.9x36.9x4.9x
Mon, 29 Jan 2024US$84.7bUS$21.2bUS$889.0m24.7x95.3x4x
Wed, 27 Dec 2023US$86.0bUS$21.3bUS$878.5m28.3x97.9x4x
Fri, 24 Nov 2023US$82.3bUS$21.3bUS$878.5m23.6x93.7x3.9x
Sun, 22 Oct 2023US$79.4bUS$21.1bUS$1.0b21.6x78.5x3.8x
Tue, 19 Sep 2023US$83.9bUS$21.1bUS$1.0b21.7x82.1x4x
Thu, 17 Aug 2023US$82.8bUS$21.1bUS$1.1b21.8x76.9x3.9x
Sat, 15 Jul 2023US$83.9bUS$20.9bUS$1.2b23x71.3x4x
Mon, 12 Jun 2023US$83.2bUS$12.2bUS$2.6b20.6x31.7x6.8x
Price to Earnings Ratio

31.7x


Total Market Cap: US$83.2bTotal 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 49.8x 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 6.5x.
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-0.11%
Real Estate-0.78%
REITS-1.91%
Hotel and Resort REITs4.81%
Office REITs2.76%
Residential REITs2.46%
Retail REITs-1.37%
Industrial REITs-1.75%
Diversified REITs-1.91%
Specialized REITs-2.60%
Healthcare REITs-4.95%
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 25.2%, which is lower than the prior year's growth of 30.0% 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 roughly in line with its past earnings growth rate.
  • 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
AAT American Assets TrustUS$23.862.1%
+US$30.1m		21.5%PB1.3x

Latest News

EPRT
US$29.67
Essential Properties Realty Trust
7D
-4.4%
1Y
-8.1%
BNL
US$20.22
Broadstone Net Lease
7D
-0.6%
1Y
25.4%
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$19.25
Alpine Income Property Trust
7D
-1.9%
1Y
25.6%
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.
GOOD
US$12.61
Gladstone Commercial
7D
-0.9%
1Y
-12.4%
GNL
US$9.39
Global Net Lease
7D
-1.1%
1Y
24.0%
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.
AAT
US$23.86
American Assets Trust
7D
2.1%
1Y
21.5%
CTO
US$20.07
CTO Realty Growth
7D
-3.7%
1Y
9.6%
NXDT
US$5.23
NexPoint Diversified Real Estate Trust
7D
-4.4%
1Y
37.6%
WPC
US$73.98
W. P. Carey
7D
-0.3%
1Y
19.1%