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U.S. REITS Industry Analysis

UpdatedSep 19, 2025
DataAggregated Company Financials
Companies23
  • 7D-1.2%
  • 3M1.7%
  • 1Y-7.4%
  • YTD5.0%

Over the last 7 days, the REITS industry has dropped 1.2%, driven by W. P. Carey declining 1.5%. However, the industry is down 7.4% over the past year. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Sep 2025US$34.6bUS$6.1bUS$448.2m32.9x77.2x5.7x
Sun, 17 Aug 2025US$33.6bUS$6.2bUS$470.6m27x71.3x5.4x
Tue, 15 Jul 2025US$33.8bUS$6.3bUS$598.5m27.5x56.4x5.4x
Thu, 12 Jun 2025US$34.4bUS$6.3bUS$598.5m27.9x57.5x5.5x
Sat, 10 May 2025US$32.9bUS$6.2bUS$544.6m27.3x60.5x5.3x
Mon, 07 Apr 2025US$34.0bUS$7.1bUS$745.2m25.8x45.6x4.8x
Wed, 05 Mar 2025US$37.5bUS$7.0bUS$871.9m29.7x43x5.4x
Fri, 31 Jan 2025US$34.3bUS$7.0bUS$879.2m25.5x39x4.9x
Sun, 29 Dec 2024US$35.0bUS$7.0bUS$878.8m27.3x39.9x5x
Tue, 26 Nov 2024US$35.1bUS$7.0bUS$915.5m29.6x38.3x5x
Thu, 24 Oct 2024US$38.2bUS$7.0bUS$631.2m28x60.5x5.5x
Sat, 21 Sep 2024US$39.3bUS$6.9bUS$648.3m27x60.7x5.7x
Mon, 19 Aug 2024US$35.8bUS$6.9bUS$629.3m27x57x5.2x
Wed, 17 Jul 2024US$35.9bUS$6.8bUS$676.6m27.5x53.1x5.3x
Fri, 14 Jun 2024US$33.6bUS$6.9bUS$664.0m24.2x50.6x4.9x
Sun, 12 May 2024US$34.2bUS$6.9bUS$730.3m24.1x46.9x5x
Tue, 09 Apr 2024US$33.0bUS$6.6bUS$760.5m25.9x43.5x5x
Thu, 07 Mar 2024US$32.4bUS$6.5bUS$882.2m27.5x36.7x4.9x
Sat, 03 Feb 2024US$83.7bUS$21.2bUS$890.2m26.6x94.1x4x
Mon, 01 Jan 2024US$85.9bUS$21.3bUS$878.7m27.7x97.8x4x
Wed, 29 Nov 2023US$82.6bUS$21.3bUS$878.5m24x94x3.9x
Fri, 27 Oct 2023US$79.2bUS$21.1bUS$1.0b20.7x78x3.8x
Sun, 24 Sep 2023US$81.7bUS$21.1bUS$1.0b22.4x80x3.9x
Tue, 22 Aug 2023US$82.6bUS$21.1bUS$1.0b23.4x80.8x3.9x
Thu, 20 Jul 2023US$84.7bUS$20.9bUS$1.2b23.5x72x4.1x
Sat, 17 Jun 2023US$82.9bUS$12.0bUS$2.6b20.7x31.8x6.9x
Mon, 15 May 2023US$82.3bUS$12.2bUS$2.6b19.6x31.4x6.7x
Wed, 12 Apr 2023US$85.0bUS$12.4bUS$2.5b25.8x34.5x6.9x
Fri, 10 Mar 2023US$1.3tUS$189.9bUS$38.8b25.5x32.7x6.7x
Sun, 05 Feb 2023US$1.4tUS$183.5bUS$42.9b27.5x32.1x7.5x
Tue, 03 Jan 2023US$1.2tUS$183.5bUS$44.0b25.1x28.3x6.8x
Thu, 01 Dec 2022US$1.3tUS$183.4bUS$44.0b26.4x29.9x7.2x
Sat, 29 Oct 2022US$1.2tUS$180.0bUS$40.8b28.1x30x6.8x
Mon, 26 Sep 2022US$1.2tUS$177.4bUS$40.0b27x30.9x7x
Price to Earnings Ratio

30.9x


Total Market Cap: US$1.2tTotal Earnings: US$40.0bTotal Revenue: US$177.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. REITS Industry Price to Earnings3Y Average 52.7x202320242025
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 77.2x which is higher than its 3-year average PE of 52.7x.
  • 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 78% 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 Market0.71%
Real Estate-1.34%
REITS-1.15%
Office REITs0.26%
Hotel and Resort REITs-0.20%
Industrial REITs-0.43%
Healthcare REITs-0.53%
Diversified REITs-1.15%
Retail REITs-1.82%
Specialized REITs-2.25%
Residential REITs-2.28%
Industry PE
  • Investors are most optimistic about the Healthcare REITs industry which is trading above its 3-year average PE ratio of 275x.
    • Analysts are expecting annual earnings growth of 25.0%, 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 25% 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 14% 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$30.190.7%
+US$41.6m		-10.9%PB1.6x
NXDT NexPoint Diversified Real Estate TrustUS$4.1811.5%
+US$20.4m		-33.2%PB0.3x
AHH Armada Hoffler PropertiesUS$7.561.7%
+US$10.4m		-38.3%PB1.3x
AAT American Assets TrustUS$21.010.6%
+US$7.9m		-23.2%PB1.1x
SQFT Presidio Property TrustUS$7.2835.3%
+US$5.5m		2.9%PB1x

Latest News

WPC
US$67.45
W. P. Carey
7D
-1.5%
1Y
6.9%
AHH
US$7.56
Armada Hoffler Properties
7D
1.7%
1Y
-38.3%
MDV
US$15.09
Modiv Industrial
7D
0.7%
1Y
-7.4%
GOOD
US$13.03
Gladstone Commercial
7D
-0.5%
1Y
-19.4%
CTO
US$16.46
CTO Realty Growth
7D
-0.7%
1Y
-15.3%
OLP
US$23.14
One Liberty Properties
7D
-0.3%
1Y
-18.4%
EPRT
US$30.19
Essential Properties Realty Trust
7D
0.7%
1Y
-10.9%
PINE
US$14.64
Alpine Income Property Trust
7D
-1.7%
1Y
-20.2%
ALEX
US$18.64
Alexander & Baldwin
7D
-1.3%
1Y
-5.9%
NXDT
US$4.18
NexPoint Diversified Real Estate Trust
7D
11.5%
1Y
-33.2%
AAT
US$21.01
American Assets Trust
7D
0.6%
1Y
-23.2%
BNL
US$18.55
Broadstone Net Lease
7D
-1.1%
1Y
-1.1%

E-commerce Trends And Suburban Demand Will Fuel Build-To-Suit Development

Broadstone Net Lease’s fair value has been revised upward to $19.60 as analysts gain confidence in management’s strategic execution, earnings visibility from a growing development pipeline, and enhanced growth prospects following accretive transactions and strong Q2 results. Analyst Commentary Disposal of the healthcare portfolio increased confidence in management's strategic execution.
GIPR
US$1.19
Generation Income Properties
7D
23.4%
1Y
-48.9%
GNL
US$8.14
Global Net Lease
7D
-2.3%
1Y
-7.4%

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).
SQFT
US$7.28
Presidio Property Trust
7D
35.3%
1Y
2.9%
MKZR
US$6.64
MacKenzie Realty Capital
7D
18.4%
1Y
-78.4%