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U.S. REITS Industry Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies20
  • 7D-0.008%
  • 3M21.4%
  • 1Y-0.3%
  • YTD1.7%

The REITS industry has stayed flat over the last week. Furthermore, the industry has been flat for the past year as well. 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
Wed, 01 Apr 2026US$38.4bUS$6.9b-US$127,174,113.0029.6x-301.9x5.6x
Fri, 27 Feb 2026US$43.3bUS$7.2b-US$17,560,157.0029.3x-2463.9x6x
Sun, 25 Jan 2026US$34.6bUS$7.5b-US$252,955,402.0031.9x-136.6x4.6x
Tue, 23 Dec 2025US$33.0bUS$6.0bUS$427.5m31.3x77.1x5.5x
Thu, 20 Nov 2025US$33.2bUS$6.0bUS$427.0m27.3x77.8x5.5x
Sat, 18 Oct 2025US$33.7bUS$6.1bUS$423.7m31x79.6x5.6x
Mon, 15 Sep 2025US$34.7bUS$6.1bUS$455.0m32.7x76.4x5.7x
Wed, 13 Aug 2025US$33.5bUS$6.3bUS$456.3m26.8x73.4x5.4x
Fri, 11 Jul 2025US$33.3bUS$6.3bUS$598.5m27.2x55.7x5.3x
Sun, 08 Jun 2025US$34.0bUS$6.3bUS$598.1m27.6x56.8x5.4x
Tue, 06 May 2025US$33.3bUS$6.3bUS$644.2m26.8x51.6x5.2x
Thu, 03 Apr 2025US$36.1bUS$7.1bUS$725.6m27.9x49.7x5.1x
Sat, 01 Mar 2025US$37.0bUS$6.9bUS$872.9m27.2x42.4x5.3x
Mon, 27 Jan 2025US$32.9bUS$7.0bUS$878.8m25.4x37.4x4.7x
Wed, 25 Dec 2024US$35.4bUS$7.0bUS$878.8m27.4x40.3x5.1x
Fri, 22 Nov 2024US$36.8bUS$7.0bUS$915.5m29.1x40.2x5.3x
Sun, 20 Oct 2024US$38.8bUS$7.0bUS$626.3m28.3x61.9x5.6x
Tue, 17 Sep 2024US$38.6bUS$6.8bUS$580.6m28.7x66.5x5.7x
Thu, 15 Aug 2024US$35.6bUS$6.9bUS$641.2m26.5x55.6x5.2x
Sat, 13 Jul 2024US$35.1bUS$6.8bUS$676.6m26.4x51.9x5.1x
Mon, 10 Jun 2024US$33.4bUS$6.9bUS$664.0m23.9x50.3x4.9x
Wed, 08 May 2024US$33.9bUS$6.7bUS$740.1m23.5x45.8x5x
Fri, 05 Apr 2024US$32.9bUS$6.6bUS$760.5m25.2x43.3x5x
Sun, 03 Mar 2024US$32.5bUS$6.6bUS$877.1m27.9x37.1x5x
Tue, 30 Jan 2024US$84.7bUS$21.2bUS$889.0m24.9x95.3x4x
Thu, 28 Dec 2023US$86.5bUS$21.3bUS$878.5m28.1x98.5x4.1x
Sat, 25 Nov 2023US$82.4bUS$21.3bUS$878.5m23x93.8x3.9x
Mon, 23 Oct 2023US$79.4bUS$21.1bUS$1.0b21.6x78.5x3.8x
Wed, 20 Sep 2023US$84.0bUS$21.1bUS$1.0b23.5x82.2x4x
Fri, 18 Aug 2023US$82.7bUS$21.1bUS$1.1b21.8x76.8x3.9x
Sun, 16 Jul 2023US$83.9bUS$20.9bUS$1.2b23x71.3x4x
Tue, 13 Jun 2023US$83.1bUS$12.2bUS$2.6b20.5x31.6x6.8x
Thu, 11 May 2023US$82.7bUS$12.3bUS$2.7b18.3x30.6x6.7x
Sat, 08 Apr 2023US$85.0bUS$12.4bUS$2.5b26.1x34.5x6.9x
Price to Earnings Ratio

34.5x


Total Market Cap: US$85.0bTotal Earnings: US$2.5bTotal Revenue: US$12.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. REITS Industry Price to Earnings3Y Average -1.2x202420252026
Current Industry PE
  • Investors are relatively neutral on the American REITs industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PS ratio of 5.1x.
Past Earnings Growth
  • Total earnings for the REITs industry have declined over the last three years, with the industry now making a loss overall.
  • Revenues have also declined 18% per year, which is driving profits down.

Industry Trends

Which industries have driven the changes within the U.S. Real Estate industry?

US Market-0.61%
Real Estate0.35%
REITS-0.0075%
Retail REITs1.87%
Industrial REITs0.44%
Hotel and Resort REITs0.37%
Diversified REITs-0.0075%
Residential REITs-0.12%
Healthcare REITs-0.30%
Office REITs-0.90%
Specialized REITs-1.24%
Industry PE
  • Investors are most optimistic about the Healthcare REITs industry which is trading above its 3-year average PE ratio of 352x.
    • Analysts are expecting annual earnings growth of 27.8%, which is higher than its past year's earnings growth of 12.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings growth rate of 13% per year.
  • In contrast, the Office REITs industry is expected to see its earnings decline by 17% 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$67.960.8%
+US$130.8m		7.8%PB1.8x
GNL Global Net LeaseUS$9.362.0%
+US$38.5m		17.3%PB1.2x
NXDT NexPoint Diversified Real Estate TrustUS$4.678.1%
+US$17.2m		20.7%PB0.3x
GOOD Gladstone CommercialUS$11.431.7%
+US$9.2m		-24.2%PB3.2x
CTO CTO Realty GrowthUS$18.490.5%
+US$2.9m		-4.5%PB1.1x

Latest News

NXDT
US$4.67
NexPoint Diversified Real Estate Trust
7D
8.1%
1Y
20.7%
EPRT
US$30.36
Essential Properties Realty Trust
7D
-2.4%
1Y
-6.4%
WPC
US$67.96
W. P. Carey
7D
0.8%
1Y
7.8%
GNL
US$9.36
Global Net Lease
7D
2.0%
1Y
17.3%

GNL: Balance Sheet Repair And Buybacks Will Shape Future Risk Reward

Analysts have lifted their price target on Global Net Lease by $1 to $10, citing faster than expected balance sheet improvement, reduced leverage, and asset sales that have helped scale the business and support opportunistic share repurchases. Analyst Commentary Bullish Takeaways Bullish analysts view the faster balance sheet improvement and reduced leverage as key supports for the new US$10 price target.
GOOD
US$11.43
Gladstone Commercial
7D
1.7%
1Y
-24.2%

GOOD: High Occupancy And Extended Debt Maturities Will Support Upside Through 2027

Analysts have raised their 12-month price targets on Gladstone Commercial to a range of approximately $12.50 to $14, citing a higher estimated net asset value per share and a still stable, high-occupancy portfolio, while noting that higher refinancing costs and office exposure are weighing on expectations for per-share growth. Analyst Commentary Recent research points to a mixed but generally constructive stance on Gladstone Commercial, with analysts updating their models around net asset value, balance sheet moves, and the impact of refinancing and office exposure on future cash flows.
CTO
US$18.49
CTO Realty Growth
7D
0.5%
1Y
-4.5%
MDV
US$14.32
Modiv Industrial
7D
0.6%
1Y
-10.6%
PINE
US$18.00
Alpine Income Property Trust
7D
-2.4%
1Y
5.1%

PINE: Strong Buy Rating And Dividend Yield Are Expected To Support Upside

Narrative Update The analyst price target for Alpine Income Property Trust is now $22. This reflects updated views on the stock's valuation following recent upgrades, including a Strong Buy rating and higher targets around $19.50 to $22 that are supported by comments on its P/E level and dividend yield.
AAT
US$18.41
American Assets Trust
7D
0.2%
1Y
-8.3%

AAT: Peak Fundamentals And Sector Reset Will Likely Limit Near Term Upside

Narrative Update Analysts have nudged their price target on American Assets Trust higher by $1, citing a modestly lower discount rate, steady fair value at $18.0, and largely unchanged revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Recent research on American Assets Trust shows a mix of cautious and constructive views, with price targets and ratings adjusted as analysts reassess sector conditions and company specific risks and opportunities.
BNL
US$18.27
Broadstone Net Lease
7D
-2.4%
1Y
6.8%
AHRT
US$5.50
AH REALTY TRUST
7D
-2.0%
1Y
-25.9%

AHRT: Future Same Store NOI Execution Will Likely Drive Rerating Potential

Analysts cut AH Realty Trust's fair value estimate from $10.50 to $9.00 and lowered the price target to $9, citing more conservative revenue assumptions, a slightly higher discount rate, and a lower future P/E multiple, even though projected profit margins are higher. Analyst Commentary Recent Street research around AH Realty Trust and comparable healthcare focused REITs gives you a sense of how sentiment is splitting between caution and optimism.
MKZR
US$3.64
MacKenzie Realty Capital
7D
-6.1%
1Y
-74.0%
MDRR
US$11.30
Medalist Diversified
7D
-1.0%
1Y
-9.8%
GIPR
US$0.26
Generation Income Properties
7D
-19.0%
1Y
-84.0%
SQFT
US$2.32
Presidio Property Trust
7D
5.0%
1Y
-59.5%