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U.S. REITS Industry Analysis

UpdatedJun 20, 2026
DataAggregated Company Financials
Companies20
  • 7D-5.1%
  • 3M4.6%
  • 1Y5.1%
  • YTD7.2%

Over the last 7 days, the REITS industry has dropped 5.1%, driven by a pullback from W. P. Carey of 7.2%. Meanwhile, Presidio Property Trust actually outperformed within the industry, gaining 9.8% in the last week. Over the past 12 months, the industry was up 5.1%. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 20 Jun 2026US$34.7bUS$5.5bUS$699.0m44.5x49.7x6.3x
Mon, 18 May 2026US$34.9bUS$5.4bUS$706.8m43.4x49.3x6.4x
Wed, 15 Apr 2026US$40.0bUS$6.9b-US$127,240,621.0030.5x-314.5x5.8x
Fri, 13 Mar 2026US$41.7bUS$7.2b-US$15,423,385.0027.2x-2705.3x5.8x
Sun, 08 Feb 2026US$41.6bUS$7.5b-US$256,823,402.0031.4x-162.1x5.5x
Tue, 06 Jan 2026US$32.9bUS$7.5b-US$252,955,402.0032.7x-130x4.4x
Thu, 04 Dec 2025US$33.1bUS$6.0bUS$422.0m30.6x78.6x5.5x
Sat, 01 Nov 2025US$32.7bUS$6.1bUS$440.4m30.2x74.3x5.3x
Mon, 29 Sep 2025US$34.4bUS$6.1bUS$448.2m31.1x76.8x5.6x
Wed, 27 Aug 2025US$34.2bUS$6.1bUS$462.1m29.6x74.1x5.6x
Fri, 25 Jul 2025US$33.4bUS$6.3bUS$610.3m26x54.7x5.3x
Sun, 22 Jun 2025US$34.3bUS$6.3bUS$598.5m28.1x57.3x5.5x
Tue, 20 May 2025US$33.6bUS$6.2bUS$591.6m27.1x56.7x5.4x
Thu, 17 Apr 2025US$34.3bUS$7.1bUS$745.2m25.2x46x4.9x
Sat, 15 Mar 2025US$35.1bUS$7.0bUS$868.6m28.4x40.5x5.1x
Mon, 10 Feb 2025US$34.7bUS$7.0bUS$876.4m24.4x39.6x5x
Wed, 08 Jan 2025US$35.1bUS$7.0bUS$878.8m26x39.9x5x
Fri, 06 Dec 2024US$36.8bUS$7.0bUS$915.5m29.1x40.2x5.3x
Sun, 03 Nov 2024US$36.2bUS$7.0bUS$628.9m25.5x57.5x5.2x
Tue, 01 Oct 2024US$39.1bUS$7.0bUS$630.8m26.6x62x5.6x
Thu, 29 Aug 2024US$37.5bUS$6.8bUS$565.4m29.7x66.3x5.5x
Sat, 27 Jul 2024US$56.3bUS$12.2bUS$497.8m27.6x113x4.6x
Mon, 24 Jun 2024US$33.0bUS$6.8bUS$676.6m24.2x48.8x4.8x
Wed, 22 May 2024US$34.9bUS$6.9bUS$664.0m24.3x52.5x5.1x
Fri, 19 Apr 2024US$31.9bUS$6.7bUS$818.1m24.3x39x4.8x
Sun, 17 Mar 2024US$32.8bUS$6.5bUS$887.0m27x36.9x5x
Tue, 13 Feb 2024US$33.1bUS$6.3bUS$974.4m27.2x34x5.3x
Thu, 11 Jan 2024US$86.5bUS$21.2bUS$876.1m25.7x98.7x4.1x
Sat, 09 Dec 2023US$84.9bUS$21.3bUS$878.5m26.4x96.7x4x
Mon, 06 Nov 2023US$81.5bUS$21.3bUS$1.0b25.1x80.5x3.8x
Wed, 04 Oct 2023US$80.3bUS$21.1bUS$1.0b20.8x78.7x3.8x
Fri, 01 Sep 2023US$83.2bUS$21.1bUS$1.0b24.1x81.4x3.9x
Sun, 30 Jul 2023US$84.4bUS$21.0bUS$1.2b23x70.5x4x
Tue, 27 Jun 2023US$147.5bUS$20.9bUS$1.2b21.4x125.4x7.1x
Price to Earnings Ratio

125.4x


Total Market Cap: US$147.5bTotal Earnings: US$1.2bTotal Revenue: US$20.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. REITS Industry Price to Earnings3Y Average -13.2x202420252026
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 49.7x which is higher than its 3-year average PE of -13.2x.
  • The 3-year average PS ratio of 5.1x is lower than the industry's current PS ratio of 6.3x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 16% 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 Market1.40%
Real Estate-3.07%
REITS-5.10%
Hotel and Resort REITs1.75%
Office REITs-2.57%
Healthcare REITs-3.25%
Retail REITs-4.02%
Residential REITs-4.72%
Industrial REITs-4.98%
Diversified REITs-5.10%
Specialized REITs-5.27%
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 25.3%, 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 25% 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 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
SQFT Presidio Property TrustUS$2.689.8%
+US$321.0k		-39.1%PB0.2x

Latest News

GNL
US$9.22
Global Net Lease
7D
-2.3%
1Y
23.4%
GOOD
US$12.07
Gladstone Commercial
7D
-3.7%
1Y
-16.1%
Seeking Alpha • Jun 19

Gladstone Commercial: 9.7% Yield Is Tempting, But Heavy Debt Distorts The Value

Summary Gladstone Commercial Corporation remains a Hold due to persistent leverage, weak AFFO growth, and profitability concerns despite portfolio improvements. GOOD's capital recycling strategy and shift toward high-quality industrial assets are constructive, but refinancing and lease renewal risks remain material. At 9.74%, GOOD's dividend yield is highest among peers, yet reflects a depressed share price and elevated risk profile rather than intrinsic value. GOOD stock valuation appears superficially attractive with an 8.5× forward P/FFO, but high debt and low growth justify caution for new investors. Read the full article on Seeking Alpha
BNL
US$20.58
Broadstone Net Lease
7D
-2.3%
1Y
26.3%
Analysis Article • Jun 19

Broadstone Net Lease (BNL) Stock Could Be 7.9% Undervalued After Tesla Las Vegas Lease

Broadstone Net Lease (BNL) is back in focus after announcing a new build-to-suit project for Tesla in Las Vegas, a long-term SSD facility supported by a 15-year lease and 3.0% annual rent escalations. See our latest analysis for Broadstone Net Lease. Against this new Tesla project, Broadstone Net Lease’s share price sits at $20.58, with a 90 day share price return of 10.41% and a year to date share price return of 17.87%, while the 1 year total shareholder return is 35.34%, pointing to...
AAT
US$24.05
American Assets Trust
7D
-1.5%
1Y
18.9%
Seeking Alpha • Jun 19

American Assets Trust: High Yield Isn't Enough To Justify The Valuation

Summary American Assets Trust is a diversified REIT with significant office, retail, multifamily, and mixed-use exposure, primarily on the West Coast and Hawaii. I rate AAT a Hold due to lackluster FFO growth, elevated valuation at 18.2x AFFO, and limited near-term catalysts for capital appreciation. FFO per share guidance for 2024 is flat at $1.96–$2.10, with multifamily as the portfolio's lone bright spot and mixed-use/retail underperforming. The 6.5% yield is solid, but high leverage (6.9x) and office exposure limit dividend growth and justify caution until FFO growth resumes. Read the full article on Seeking Alpha
WPC
US$71.22
W. P. Carey
7D
-7.2%
1Y
12.3%
Analysis Article • Jun 18

W. P. Carey (WPC) Stock Could Be 6.6% Undervalued On Its Reinvestment Narrative

W. P. Carey (WPC) has attracted fresh attention after recent share price moves, with the stock trading around $72.23. For investors, the question is how its current valuation lines up with recent fundamentals. See our latest analysis for W. P. Carey. Recent trading has been choppy, with the share price down 5.16% over the last day and 4.76% over the past week. However, W. P. Carey still shows an 11.36% year to date share price return and a 19.89% total shareholder return over one year,...
PINE
US$19.13
Alpine Income Property Trust
7D
-5.1%
1Y
27.5%
Narrative Update • Jun 18

PINE: Q1 Expense Outlook And Guidance Reset Will Shape Future Returns

Analysts now see Alpine Income Property Trust's fair value holding around $21.09 per share, with a modest reduction in the blended price target. This change is driven by updated Q1 assumptions on revenue growth, expenses, and future P/E expectations, which led to a slightly lower discount rate and a marginally adjusted long term profitability outlook.
EPRT
US$29.36
Essential Properties Realty Trust
7D
-4.9%
1Y
-9.2%
Seeking Alpha • Jun 18

Essential Properties: Priced At A Premium To Net Asset Value

Summary Essential Property Realty Trust remains a hold as current valuation offers insufficient margin of safety despite recent credit rating upgrades. EPRT’s business model targets higher cap rates from non-investment grade, middle-market tenants, trading off higher risk for AFFO growth outperformance. Valuation using NAVPS and WACC methodology shows EPRT is 6.22% overvalued relative to its current share price, indicating efficient market pricing. A notable risk is the mismatch between EPRT’s long lease terms (14.6 years) and shorter debt maturities (4 years), elevating interest rate exposure. Read the full article on Seeking Alpha
NXDT
US$4.53
NexPoint Diversified Real Estate Trust
7D
-8.1%
1Y
17.1%
SQFT
US$2.68
Presidio Property Trust
7D
9.8%
1Y
-39.1%