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U.S. REITS Industry Analysis

UpdatedMay 22, 2026
DataAggregated Company Financials
Companies19
  • 7D2.6%
  • 3M2.4%
  • 1Y14.7%
  • YTD11.5%

In the last week, the REITS industry is up 2.6%, with all of the companies up. This takes the industry's 12 month performance to a gain of 15%. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 22 May 2026US$35.9bUS$5.4bUS$711.7m42.7x50.5x6.6x
Sun, 19 Apr 2026US$41.4bUS$6.9b-US$133,289,621.0031.4x-310.4x6x
Tue, 17 Mar 2026US$40.0bUS$7.0b-US$80,008,385.0029.5x-500.1x5.7x
Thu, 12 Feb 2026US$42.1bUS$7.6b-US$155,527,402.0030.1x-271x5.5x
Sat, 10 Jan 2026US$33.6bUS$7.5b-US$252,955,402.0031.8x-132.7x4.4x
Mon, 08 Dec 2025US$33.0bUS$6.0bUS$422.0m30.6x78.2x5.5x
Wed, 05 Nov 2025US$33.0bUS$6.0bUS$430.4m28.6x76.7x5.5x
Fri, 03 Oct 2025US$34.1bUS$6.1bUS$423.7m31.3x80.6x5.6x
Sun, 31 Aug 2025US$34.8bUS$6.1bUS$462.1m29.9x75.3x5.7x
Tue, 29 Jul 2025US$33.6bUS$6.3bUS$621.7m24.7x54x5.3x
Thu, 26 Jun 2025US$34.3bUS$6.3bUS$598.5m27.5x57.3x5.5x
Sat, 24 May 2025US$32.5bUS$6.3bUS$598.1m25x54.3x5.2x
Mon, 21 Apr 2025US$34.9bUS$7.1bUS$745.2m25.1x46.8x4.9x
Wed, 19 Mar 2025US$35.9bUS$7.0bUS$871.7m28.7x41.2x5.2x
Fri, 14 Feb 2025US$35.0bUS$7.0bUS$785.8m28x44.5x5x
Sun, 12 Jan 2025US$33.9bUS$7.0bUS$878.8m24.6x38.5x4.9x
Tue, 10 Dec 2024US$36.5bUS$6.9bUS$847.8m29.3x43.1x5.3x
Thu, 07 Nov 2024US$36.7bUS$7.0bUS$625.8m28.3x58.7x5.3x
Sat, 05 Oct 2024US$38.6bUS$7.0bUS$628.7m26.1x61.4x5.5x
Mon, 02 Sep 2024US$37.7bUS$6.8bUS$565.4m30x66.7x5.5x
Wed, 31 Jul 2024US$37.3bUS$6.8bUS$670.4m27.5x55.6x5.4x
Fri, 28 Jun 2024US$32.9bUS$6.8bUS$676.6m24.6x48.6x4.8x
Sun, 26 May 2024US$33.6bUS$6.9bUS$664.0m23.7x50.6x4.9x
Tue, 23 Apr 2024US$32.7bUS$6.7bUS$814.5m24.1x40.2x4.9x
Thu, 21 Mar 2024US$32.9bUS$6.5bUS$886.1m26x37.1x5x
Sat, 17 Feb 2024US$33.4bUS$6.3bUS$988.2m26.6x33.8x5.3x
Mon, 15 Jan 2024US$86.4bUS$21.2bUS$876.1m25.5x98.6x4.1x
Wed, 13 Dec 2023US$84.4bUS$21.3bUS$878.5m26.3x96.1x4x
Fri, 10 Nov 2023US$81.1bUS$21.3bUS$863.0m24.6x94x3.8x
Sun, 08 Oct 2023US$79.4bUS$21.1bUS$1.0b21.2x77.8x3.8x
Tue, 05 Sep 2023US$83.3bUS$21.1bUS$1.0b24.2x81.4x3.9x
Thu, 03 Aug 2023US$84.1bUS$21.1bUS$1.2b22.7x70.4x4x
Sat, 01 Jul 2023US$148.1bUS$20.9bUS$1.2b21.9x126x7.1x
Mon, 29 May 2023US$81.2bUS$12.2bUS$2.6b19.6x30.9x6.6x
Price to Earnings Ratio

30.9x


Total Market Cap: US$81.2bTotal Earnings: US$2.6bTotal Revenue: US$12.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. REITS Industry Price to Earnings3Y Average -13.8x202420252026
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 50.5x which is higher than its 3-year average PE of -13.8x.
  • 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 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-0.82%
Real Estate1.08%
REITS2.63%
Hotel and Resort REITs4.44%
Diversified REITs2.63%
Specialized REITs2.12%
Retail REITs1.60%
Industrial REITs1.37%
Residential REITs1.26%
Office REITs0.51%
Healthcare REITs-0.74%
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 24.3%, 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 24% 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 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$74.901.6%
+US$269.5m		24.4%PB2x
EPRT Essential Properties Realty TrustUS$31.382.6%
+US$173.0m		-1.0%PB1.5x
BNL Broadstone Net LeaseUS$20.413.3%
+US$124.6m		32.3%PB1.4x
AAT American Assets TrustUS$22.156.2%
+US$79.8m		16.0%PB1.2x
GNL Global Net LeaseUS$9.382.0%
+US$38.1m		24.1%PB1.3x

Latest News

GNL
US$9.38
Global Net Lease
7D
2.0%
1Y
24.1%
Seeking Alpha • May 21

Global Net Lease: Weak Financials With Weaker Outlook Warrant Avoiding Preferreds (Rating Downgrade)

Summary Global Net Lease faces deteriorating operating cash flow, now insufficient to cover common and preferred dividends. GNL's high occupancy and long lease terms offer stability but limited upside for cash flow improvement due to structural constraints. Upcoming $1 billion in senior notes maturities over 2027-2028 will likely increase interest expense and further strain cash flows. With yields under 8% and worsening fundamentals, I recommend income investors avoid both GNL's common and preferred shares. Read the full article on Seeking Alpha
CTO
US$20.48
CTO Realty Growth
7D
2.0%
1Y
15.4%
Narrative Update • May 17

CTO: Texas Retail Acquisition And Higher 2026 Earnings Guidance Will Support Upside Potential

Analysts have raised their price target on CTO Realty Growth from $22.50 to $23.00, citing updated assumptions for discount rate, revenue growth, profit margin and future P/E that refine their overall view of the stock's risk and earnings profile. What's in the News CTO Realty Growth revised unaudited 2026 earnings guidance, with expected diluted net income per common share of $0.53 to $0.59, updating a prior range issued earlier in the year (company guidance).
EPRT
US$31.38
Essential Properties Realty Trust
7D
2.6%
1Y
-1.0%
AAT
US$22.15
American Assets Trust
7D
6.2%
1Y
16.0%
GOOD
US$12.89
Gladstone Commercial
7D
3.5%
1Y
-6.4%
AHRT
US$6.86
AH REALTY TRUST
7D
4.7%
1Y
0.4%
WPC
US$74.90
W. P. Carey
7D
1.6%
1Y
24.4%
BNL
US$20.41
Broadstone Net Lease
7D
3.3%
1Y
32.3%