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U.S. REITS Industry Analysis

UpdatedAug 25, 2025
DataAggregated Company Financials
Companies22
  • 7D3.7%
  • 3M3.5%
  • 1Y-3.4%
  • YTD4.7%

The REITS industry is up 2.9% in the last week, with Broadstone Net Lease up 8.7%. The industry has been flat over the past 12 months despite the gain this week. Looking forward, earnings are forecast to grow by 6.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 25 Aug 2025US$34.4bUS$6.1bUS$462.1m29.9x74.5x5.6x
Wed, 23 Jul 2025US$32.8bUS$6.3bUS$598.5m26.2x54.9x5.2x
Fri, 20 Jun 2025US$34.2bUS$6.3bUS$598.5m28.2x57.2x5.5x
Sun, 18 May 2025US$33.6bUS$6.2bUS$591.6m27x56.7x5.4x
Tue, 15 Apr 2025US$33.1bUS$7.1bUS$745.2m25.3x44.4x4.7x
Thu, 13 Mar 2025US$35.9bUS$7.0bUS$867.5m28.9x41.4x5.2x
Sat, 08 Feb 2025US$34.9bUS$7.0bUS$876.4m24.4x39.8x5x
Mon, 06 Jan 2025US$35.3bUS$7.0bUS$878.8m27.5x40.2x5.1x
Wed, 04 Dec 2024US$37.0bUS$7.0bUS$915.5m29.5x40.4x5.3x
Fri, 01 Nov 2024US$36.6bUS$7.0bUS$629.3m25.8x58.2x5.3x
Sun, 29 Sep 2024US$39.1bUS$7.0bUS$630.8m26.6x62x5.6x
Tue, 27 Aug 2024US$37.3bUS$6.8bUS$561.6m29.5x66.4x5.5x
Thu, 25 Jul 2024US$49.4bUS$12.2bUS$508.4m27.4x97.2x4.1x
Sat, 22 Jun 2024US$33.2bUS$6.8bUS$676.6m24.2x49x4.9x
Mon, 20 May 2024US$35.0bUS$6.9bUS$666.0m24.4x52.6x5.1x
Wed, 17 Apr 2024US$32.0bUS$6.6bUS$759.3m24.6x42.2x4.9x
Fri, 15 Mar 2024US$33.0bUS$6.5bUS$881.4m26.9x37.4x5x
Sun, 11 Feb 2024US$33.1bUS$6.3bUS$974.4m26.8x34x5.3x
Tue, 09 Jan 2024US$85.6bUS$21.2bUS$876.1m25.6x97.7x4x
Thu, 07 Dec 2023US$85.0bUS$21.3bUS$878.5m26x96.8x4x
Sat, 04 Nov 2023US$81.4bUS$21.3bUS$1.0b25.1x78.5x3.8x
Mon, 02 Oct 2023US$80.6bUS$21.1bUS$1.0b21.5x79x3.8x
Wed, 30 Aug 2023US$83.1bUS$21.1bUS$1.0b24.2x81.3x3.9x
Fri, 28 Jul 2023US$85.3bUS$20.9bUS$1.2b23.7x73.3x4.1x
Sun, 25 Jun 2023US$146.6bUS$20.9bUS$1.2b19.7x124.7x7x
Tue, 23 May 2023US$81.9bUS$12.2bUS$2.6b19.6x31.2x6.7x
Thu, 20 Apr 2023US$85.5bUS$12.8bUS$2.1b25.6x41.5x6.7x
Sat, 18 Mar 2023US$1.2tUS$189.9bUS$38.7b24.1x31.6x6.4x
Mon, 13 Feb 2023US$1.4tUS$184.0bUS$42.4b26.1x31.9x7.3x
Wed, 11 Jan 2023US$1.3tUS$183.4bUS$44.0b25.7x28.8x6.9x
Fri, 09 Dec 2022US$1.3tUS$183.5bUS$44.0b26x29.2x7x
Sun, 06 Nov 2022US$1.2tUS$177.2bUS$43.4b27.3x28.3x6.9x
Tue, 04 Oct 2022US$1.2tUS$177.4bUS$40.0b26.2x30.2x6.8x
Thu, 01 Sep 2022US$1.4tUS$177.4bUS$40.0b29.9x34x7.7x
Price to Earnings Ratio

34x


Total Market Cap: US$1.4tTotal Earnings: US$40.0bTotal Revenue: US$177.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. REITS Industry Price to Earnings3Y Average 51.8x202320242025
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 74.5x which is higher than its 3-year average PE of 51.8x.
  • The industry is trading close to its 3-year average PS ratio of 5.4x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 77% per year over the last three years,
  • Revenues have also declined 67% 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 Market0.47%
Real Estate3.63%
REITS3.69%
Industrial REITs6.33%
Hotel and Resort REITs6.19%
Office REITs4.35%
Specialized REITs3.71%
Diversified REITs3.69%
Residential REITs3.13%
Retail REITs3.09%
Healthcare REITs2.15%
Industry PE
  • Investors are most optimistic about the Healthcare REITs industry which is trading above its 3-year average PE ratio of 261x.
    • Analysts are expecting annual earnings growth of 24.5%, which is lower than the prior year's growth of 39.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 24% over the next 5 years.
  • However this is lower than its past earnings growth rate of 39% per year.
  • In contrast, the Office 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
WPC W. P. CareyUS$66.112.2%
+US$317.5m		10.1%PB1.8x
BNL Broadstone Net LeaseUS$18.249.9%
+US$310.2m		-1.3%PB1.2x
EPRT Essential Properties Realty TrustUS$31.323.5%
+US$212.0m		-0.8%PB1.6x
GNL Global Net LeaseUS$7.865.1%
+US$83.9m		-9.6%PB0.9x
AAT American Assets TrustUS$20.505.8%
+US$68.5m		-22.8%PB1.1x

Latest News

CTO
US$16.95
CTO Realty Growth
7D
3.2%
1Y
-12.4%
NXDT
US$3.96
NexPoint Diversified Real Estate Trust
7D
-2.5%
1Y
-32.1%
WPC
US$66.11
W. P. Carey
7D
2.2%
1Y
10.1%
BNL
US$18.24
Broadstone Net Lease
7D
9.9%
1Y
-1.3%
GNL
US$7.86
Global Net Lease
7D
5.1%
1Y
-9.6%

Global Net Lease Reports H1/Q2 Quarter 2025 Results

GNL – $1.8B Revolving Credit Facility Refinance (Aug 2025) Deal Highlights Size: $1.8B revolving credit facility. Maturity: Extended from Oct 2026 → Aug 2030 (+ two 6-month extensions possible).
OLP
US$23.46
One Liberty Properties
7D
4.2%
1Y
-12.9%
AAT
US$20.50
American Assets Trust
7D
5.8%
1Y
-22.8%
ALEX
US$19.04
Alexander & Baldwin
7D
4.3%
1Y
-2.7%

Alexander & Baldwin: Dividends And Strong Balance Sheet Make It A Buy

Jul 30
EPRT
US$31.32
Essential Properties Realty Trust
7D
3.5%
1Y
-0.8%
SQFT
US$4.99
Presidio Property Trust
7D
-2.7%
1Y
-27.8%