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U.S. Residential REITs Industry Analysis

UpdatedJun 14, 2026
DataAggregated Company Financials
Companies19
  • 7D0.2%
  • 3M9.2%
  • 1Y-5.6%
  • YTD4.1%

The Residential REITs is pretty flat in the last 7 days, but Equity LifeStyle Properties has stood out, gaining 3.8%. Unfortunately though, the industry is down 5.6% over the past 12 months. Looking forward, earnings are forecast to decline by 7.1% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Jun 2026US$182.7bUS$24.3bUS$5.1b31.1x35.8x7.5x
Tue, 12 May 2026US$177.2bUS$24.5bUS$5.2b29.6x34.3x7.2x
Thu, 09 Apr 2026US$167.4bUS$24.3bUS$5.3b27.9x31.7x6.9x
Sat, 07 Mar 2026US$178.0bUS$24.3bUS$5.3b31x33.3x7.3x
Mon, 02 Feb 2026US$176.5bUS$25.2bUS$5.0b28.5x35.5x7x
Wed, 31 Dec 2025US$180.8bUS$25.2bUS$5.0b29.7x36.4x7.2x
Fri, 28 Nov 2025US$179.4bUS$25.2bUS$5.0b29.2x36.1x7.1x
Sun, 26 Oct 2025US$181.6bUS$25.0bUS$4.9b30.7x37.2x7.3x
Tue, 23 Sep 2025US$186.2bUS$25.0bUS$4.9b31.8x38x7.5x
Thu, 21 Aug 2025US$187.1bUS$25.0bUS$4.9b31.9x38.2x7.5x
Sat, 19 Jul 2025US$195.1bUS$24.7bUS$4.8b37.6x40.9x7.9x
Mon, 16 Jun 2025US$197.5bUS$24.7bUS$4.8b38.5x41.4x8x
Wed, 14 May 2025US$203.4bUS$24.7bUS$4.8b39.2x42.6x8.2x
Fri, 11 Apr 2025US$194.4bUS$24.5bUS$4.8b42.8x40.5x7.9x
Sun, 09 Mar 2025US$209.9bUS$24.5bUS$4.8b46.2x43.8x8.6x
Tue, 04 Feb 2025US$200.4bUS$24.3bUS$4.6b34.8x43.7x8.2x
Thu, 02 Jan 2025US$203.7bUS$24.3bUS$4.6b35.5x44.4x8.4x
Sat, 30 Nov 2024US$216.8bUS$24.3bUS$4.6b38.3x47.3x8.9x
Mon, 28 Oct 2024US$209.5bUS$24.1bUS$4.3b36.6x49.1x8.7x
Wed, 25 Sep 2024US$220.4bUS$24.1bUS$4.3b38.1x51.7x9.1x
Fri, 23 Aug 2024US$207.5bUS$24.1bUS$4.3b36.7x48.7x8.6x
Sun, 21 Jul 2024US$199.7bUS$23.9bUS$4.6b30.9x43.6x8.3x
Tue, 18 Jun 2024US$198.2bUS$24.7bUS$5.2b29.7x37.9x8x
Thu, 16 May 2024US$196.0bUS$24.7bUS$5.2b29.2x37.5x7.9x
Sat, 13 Apr 2024US$189.0bUS$24.5bUS$4.9b28.1x38.9x7.7x
Mon, 11 Mar 2024US$191.7bUS$24.4bUS$4.9b28.7x39.5x7.8x
Wed, 07 Feb 2024US$180.5bUS$24.4bUS$5.8b27x31x7.4x
Fri, 05 Jan 2024US$188.4bUS$24.3bUS$5.5b33.9x34.4x7.7x
Sun, 03 Dec 2023US$183.0bUS$24.3bUS$5.5b32.7x33.4x7.5x
Tue, 31 Oct 2023US$164.8bUS$24.2bUS$5.0b29.3x32.8x6.8x
Thu, 28 Sep 2023US$176.0bUS$24.1bUS$5.3b31.1x33.5x7.3x
Sat, 26 Aug 2023US$191.0bUS$24.1bUS$5.3b32.8x36.3x7.9x
Mon, 24 Jul 2023US$205.2bUS$23.7bUS$5.6b30.2x36.8x8.7x
Wed, 21 Jun 2023US$198.2bUS$23.7bUS$5.6b29.2x35.6x8.4x
Price to Earnings Ratio

35.6x


Total Market Cap: US$198.2bTotal Earnings: US$5.6bTotal Revenue: US$23.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Residential REITs Industry Price to Earnings3Y Average 38.8x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Residential 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 PE ratio of 38.8x.
  • The industry is trading close to its 3-year average PS ratio of 7.8x.
Past Earnings Growth
  • The earnings for companies in the Residential REITs industry have declined 2.9% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

US Market0.87%
Real Estate1.90%
Residential REITs0.20%
Single-Family Residential REITs1.11%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ELS Equity LifeStyle PropertiesUS$64.833.8%
+US$465.5m		4.0%PB7.1x
SUI Sun CommunitiesUS$126.952.6%
+US$401.7m		2.7%PB2.3x
CPT Camden Property TrustUS$114.982.1%
+US$244.1m		-1.0%PB2.9x
MAA Mid-America Apartment CommunitiesUS$138.931.0%
+US$161.8m		-7.3%PB2.9x
UDR UDRUS$39.400.5%
+US$65.0m		-4.4%PB3.9x

Latest News

UDR
US$39.40
UDR
7D
0.5%
1Y
-4.4%
MAA
US$138.93
Mid-America Apartment Communities
7D
1.0%
1Y
-7.3%
BRT
US$15.10
BRT Apartments
7D
3.1%
1Y
-3.6%
AMH
US$33.29
American Homes 4 Rent
7D
0.06%
1Y
-8.5%
BHM
US$9.36
Bluerock Homes Trust
7D
-4.0%
1Y
-26.2%
IRT
US$16.87
Independence Realty Trust
7D
1.5%
1Y
-6.5%
INVH
US$29.68
Invitation Homes
7D
-1.2%
1Y
-11.5%
AVB
US$187.03
AvalonBay Communities
7D
-1.4%
1Y
-9.3%
CPT
US$114.98
Camden Property Trust
7D
2.1%
1Y
-1.0%
NXRT
US$28.72
NexPoint Residential Trust
7D
-1.0%
1Y
-15.3%
Seeking Alpha • Jun 09

NexPoint Residential Trust: A Discounted Sunbelt REIT Facing Critical Interest Increases

Summary NexPoint Residential Trust offers high-beta Sunbelt multifamily exposure, trading at a ~43% NAV discount with a 7%+ dividend yield. NXRT’s value-add strategy delivers strong ROI, but high leverage (67%) and full floating-rate debt exposure create significant refinancing risk as $820M swaps expire in 2026. Base case valuation suggests limited near-term upside until swap overhang clears; bull case offers meaningful upside if hedging and fundamentals improve. I rate NXRT a Hold, preferring patience until swap refinancing structure and leverage are clarified. Read the full article on Seeking Alpha
EQR
US$67.34
Equity Residential
7D
-1.2%
1Y
-2.2%
ELS
US$64.83
Equity LifeStyle Properties
7D
3.8%
1Y
4.0%
Narrative Update • Jun 07

ELS: 2026 Earnings Guidance Will Support Constructive Risk Reward Profile

Narrative Update on Equity LifeStyle Properties The analyst price target for Equity LifeStyle Properties has been trimmed by a fraction to about $70.19 as analysts refine their models following a mix of recent target cuts and initiations, along with modest adjustments to fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Recent research on Equity LifeStyle Properties has been mixed, with both bullish and bearish analysts adjusting ratings and price targets while they refine assumptions around fair value, earnings quality, and execution risk.
SUI
US$126.95
Sun Communities
7D
2.6%
1Y
2.7%
CSR
US$58.39
Centerspace
7D
-1.5%
1Y
-8.1%
ESS
US$283.75
Essex Property Trust
7D
-0.6%
1Y
-0.2%
Narrative Update • Jun 01

ESS: Spring Leasing, Dividend And Bay Area Rebound Will Shape Balanced 2026 Outlook

Narrative Update The updated analyst price target for Essex Property Trust moves slightly higher to about $283. This reflects modest adjustments to revenue growth and valuation assumptions as analysts refresh models that incorporate recent acquisition and disposition expectations and the stock's Northern California multifamily focus.
AIV
US$2.88
Apartment Investment and Management
7D
-5.0%
1Y
-65.5%