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U.S. REITS Industry Analysis

UpdatedAug 10, 2026
DataAggregated Company Financials
Companies20
  • 7D-0.9%
  • 3M-1.5%
  • 1Y8.6%
  • YTD8.7%

Last week, the REITS industry hasn't moved much but Global Net Lease is up 6.7% in that time. The past year has been better, since the industry has gained 8.6% in that time. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 10 Aug 2026US$35.7bUS$5.6bUS$901.3m44.7x39.6x6.4x
Wed, 08 Jul 2026US$35.3bUS$5.5bUS$697.8m44.3x50.6x6.4x
Fri, 05 Jun 2026US$35.2bUS$5.4bUS$711.7m42.4x49.4x6.5x
Sun, 03 May 2026US$40.9bUS$7.0b-US$80,856,621.0030.7x-506.4x5.8x
Tue, 31 Mar 2026US$38.1bUS$6.9b-US$99,064,113.0029.6x-384.9x5.5x
Thu, 26 Feb 2026US$43.0bUS$7.5b-US$122,349,157.0029.1x-351.7x5.8x
Sat, 24 Jan 2026US$34.3bUS$7.5b-US$252,955,402.0031.9x-135.6x4.5x
Mon, 22 Dec 2025US$33.0bUS$6.0bUS$427.5m32.1x77.1x5.5x
Wed, 19 Nov 2025US$33.2bUS$6.0bUS$427.0m27.2x77.7x5.5x
Fri, 17 Oct 2025US$33.8bUS$6.1bUS$423.7m31x79.7x5.6x
Sun, 14 Sep 2025US$34.7bUS$6.1bUS$455.0m32.7x76.4x5.7x
Tue, 12 Aug 2025US$33.8bUS$6.3bUS$457.2m26.6x73.9x5.4x
Thu, 10 Jul 2025US$33.4bUS$6.3bUS$598.5m27.1x55.8x5.3x
Sat, 07 Jun 2025US$33.7bUS$6.3bUS$598.1m27.6x56.3x5.4x
Mon, 05 May 2025US$32.8bUS$6.3bUS$644.2m27.1x50.9x5.2x
Wed, 02 Apr 2025US$36.2bUS$7.1bUS$725.6m27.3x49.9x5.1x
Fri, 28 Feb 2025US$36.8bUS$6.9bUS$826.2m24.1x44.6x5.3x
Sun, 26 Jan 2025US$32.9bUS$7.0bUS$878.8m25.4x37.4x4.7x
Tue, 24 Dec 2024US$35.1bUS$7.0bUS$878.8m27.2x40x5x
Thu, 21 Nov 2024US$36.9bUS$7.0bUS$915.5m28.9x40.3x5.3x
Sat, 19 Oct 2024US$38.6bUS$7.0bUS$626.3m28.3x61.7x5.5x
Mon, 16 Sep 2024US$38.6bUS$6.8bUS$580.6m28.6x66.5x5.7x
Wed, 14 Aug 2024US$35.2bUS$6.9bUS$641.2m26.5x54.9x5.1x
Fri, 12 Jul 2024US$33.9bUS$6.8bUS$676.6m26.3x50.1x5x
Sun, 09 Jun 2024US$33.4bUS$6.9bUS$664.0m23.9x50.3x4.9x
Tue, 07 May 2024US$33.8bUS$6.7bUS$739.8m23.4x45.6x5x
Thu, 04 Apr 2024US$32.9bUS$6.6bUS$760.5m25.5x43.3x5x
Sat, 02 Mar 2024US$32.3bUS$6.6bUS$875.8m27.9x36.9x4.9x
Mon, 29 Jan 2024US$84.7bUS$21.2bUS$889.0m24.7x95.3x4x
Wed, 27 Dec 2023US$86.0bUS$21.3bUS$878.5m28.3x97.9x4x
Fri, 24 Nov 2023US$82.3bUS$21.3bUS$878.5m23.6x93.7x3.9x
Sun, 22 Oct 2023US$79.4bUS$21.1bUS$1.0b21.6x78.5x3.8x
Tue, 19 Sep 2023US$83.9bUS$21.1bUS$1.0b21.7x82.1x4x
Thu, 17 Aug 2023US$82.8bUS$21.1bUS$1.1b21.8x76.9x3.9x
Price to Earnings Ratio

76.9x


Total Market Cap: US$82.8bTotal Earnings: US$1.1bTotal Revenue: US$21.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. REITS Industry Price to Earnings3Y Average -14.8x202420252026
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 39.6x which is higher than its 3-year average PE of -14.8x.
  • The 3-year average PS ratio of 5.2x is lower than the industry's current PS ratio of 6.4x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 5.8% 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 Market2.74%
Real Estate-0.56%
REITS-0.93%
Healthcare REITs0.95%
Specialized REITs0.47%
Residential REITs0.081%
Diversified REITs-0.93%
Office REITs-1.80%
Industrial REITs-2.35%
Retail REITs-2.79%
Hotel and Resort REITs-6.17%
Industry PE
  • Investors are most optimistic about the Healthcare REITs industry even though it's trading below its 3-year average PE ratio of 374x.
    • Analysts are expecting annual earnings growth of 22.4%, which is lower than the prior year's growth of 42.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings decline of 23% per year.
  • In contrast, the Residential REITs industry is expected to see its earnings decline by 11% 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
GNL Global Net LeaseUS$9.236.7%
+US$114.5m		24.6%PB1.3x
GOOD Gladstone CommercialUS$12.953.8%
+US$23.2m		-0.8%PB4x
MDV Modiv IndustrialUS$18.136.0%
+US$10.5m		20.6%PB1.2x
MKZR MacKenzie Realty CapitalUS$1.6430.9%
+US$871.2k		-66.9%PB0.07x
SQFT Presidio Property TrustUS$2.293.6%
+US$104.8k		-53.4%PB0.2x

Latest News

EPRT
US$30.63
Essential Properties Realty Trust
7D
-1.7%
1Y
2.4%
Seeking Alpha • Aug 09

Essential Properties Realty Trust Is Getting Close To A Buy Rating

Summary EPRT remains a hold, with business fundamentals outpacing peers but valuation not yet compelling enough to upgrade. EPRT's portfolio is highly diversified, with the top 10 tenants accounting for just 15.2% of ABR, mitigating concentration risk. EPRT targets 8% AFFO growth for 2026, supported by robust investment activity and sector-leading investment spreads of 1.4%. Current 14.0x P/FFO multiple is more attractive than prior levels, but I await a further drop to 13–13.5x before adding. Read the full article on Seeking Alpha
AAT
US$22.83
American Assets Trust
7D
-4.4%
1Y
21.9%
GOOD
US$12.95
Gladstone Commercial
7D
3.8%
1Y
-0.8%
Analysis Article • Aug 08

Gladstone Commercial Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Gladstone Commercial Corporation ( NASDAQ:GOOD ) defied analyst predictions to release its second-quarter results...
BNL
US$20.93
Broadstone Net Lease
7D
-1.6%
1Y
25.8%
GNL
US$9.23
Global Net Lease
7D
6.7%
1Y
24.6%
AHRT
US$6.93
AH REALTY TRUST
7D
-0.1%
1Y
-0.3%
CTO
US$21.75
CTO Realty Growth
7D
-1.4%
1Y
33.7%
WPC
US$71.81
W. P. Carey
7D
-1.5%
1Y
9.5%
Seeking Alpha • Jul 31

W. P. Carey: Inflation-Beating Yields, Tenant Risk Mitigation, And Resilience Amid Uncertainty

Summary W. P. Carey’s CPI-linked leases (49% of same-store) and exposure to defensive sectors drive operational resilience amid macroeconomic uncertainty. Strong H1'26 investment volume, a healthier balance sheet, and proactive tenant risk management underpin confidence in raised FY2026 guidance. WPC remains compelling at a Price/AFFO of 14.27x while offering inflation-beating dividend yields of ~5% and a rich TTM payout hike of +4.37%. Risks include the seasonally weaker trading months through October, potentially expensive 2027 note refinancing, and elevated short interest ratio. WPC remains a great buy, with the added benefit of upside potential if they sustain the mid-single-digit AFFO per share growth. Read the full article on Seeking Alpha
NXDT
US$4.61
NexPoint Diversified Real Estate Trust
7D
-2.1%
1Y
-0.4%
MDV
US$18.13
Modiv Industrial
7D
6.0%
1Y
20.6%
Seeking Alpha • Jul 29

Modiv Industrial: Downgrading The Preferred Stock To A 'Hold'

Summary Modiv Industrial is being acquired by Global Net Lease in an all-stock deal, offering fair value to MDV shareholders. I exited my MDV common shares post-announcement, preferring not to hold GNL stock, but retained my MDV preferred shares. MDV.PR.A preferred holders stand to receive $25 plus accrued dividends upon deal closure, with limited downside risk if the deal fails. I rate the preferred stock a "hold" only considering additional purchases below the $25 principal amid the pending acquisition. Read the full article on Seeking Alpha
PINE
US$19.98
Alpine Income Property Trust
7D
-1.5%
1Y
40.0%
SQFT
US$2.29
Presidio Property Trust
7D
3.6%
1Y
-53.4%
GIPR
US$0.72
Generation Income Properties
7D
1.5%
1Y
-91.5%
MKZR
US$1.64
MacKenzie Realty Capital
7D
30.9%
1Y
-66.9%