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U.S. Residential REITs Industry Analysis

UpdatedFeb 28, 2026
DataAggregated Company Financials
Companies20
  • 7D1.0%
  • 3M-1.1%
  • 1Y-16.7%
  • YTD-0.4%

In the last week, the Residential REITs industry is up 1.7%, with Invitation Homes leading the way, up 4.1%. During this same period, the Apartment Investment and Management underperformed, falling 24%. In the past year, the industry is down 14%. As for the next few years, earnings are forecast to decline by 5.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Feb 2026US$179.6bUS$24.4bUS$5.2b29.7x34.5x7.4x
Mon, 26 Jan 2026US$177.7bUS$25.2bUS$5.0b28.8x35.8x7x
Wed, 24 Dec 2025US$178.5bUS$25.2bUS$5.0b28.9x35.9x7.1x
Fri, 21 Nov 2025US$174.1bUS$25.2bUS$5.0b29.3x35x6.9x
Sun, 19 Oct 2025US$179.6bUS$25.0bUS$4.9b32.1x36.6x7.2x
Tue, 16 Sep 2025US$188.9bUS$25.0bUS$4.9b32x38.5x7.6x
Thu, 14 Aug 2025US$183.1bUS$25.0bUS$4.9b32.1x37.3x7.3x
Sat, 12 Jul 2025US$194.5bUS$24.7bUS$4.8b37.4x40.8x7.9x
Mon, 09 Jun 2025US$196.5bUS$24.7bUS$4.8b38.4x41.2x7.9x
Wed, 07 May 2025US$206.1bUS$24.7bUS$4.8b40.5x43.2x8.3x
Fri, 04 Apr 2025US$210.5bUS$24.5bUS$4.8b46x43.9x8.6x
Sun, 02 Mar 2025US$214.2bUS$24.5bUS$4.8b46x44.6x8.7x
Tue, 28 Jan 2025US$196.6bUS$24.3bUS$4.6b35.9x42.9x8.1x
Thu, 26 Dec 2024US$205.4bUS$24.3bUS$4.6b35.9x44.8x8.5x
Sat, 23 Nov 2024US$213.0bUS$24.3bUS$4.6b37.7x46.5x8.8x
Mon, 21 Oct 2024US$211.7bUS$24.1bUS$4.3b36.7x49.6x8.8x
Wed, 18 Sep 2024US$222.9bUS$24.1bUS$4.3b38.9x52.3x9.2x
Fri, 16 Aug 2024US$205.5bUS$24.1bUS$4.3b36.3x48.2x8.5x
Sun, 14 Jul 2024US$194.5bUS$23.9bUS$4.6b30.1x42.4x8.1x
Tue, 11 Jun 2024US$196.0bUS$24.7bUS$5.2b29.4x37.5x7.9x
Thu, 09 May 2024US$194.3bUS$24.7bUS$5.2b28.5x37.2x7.9x
Sat, 06 Apr 2024US$184.0bUS$24.5bUS$4.9b27.7x37.9x7.5x
Mon, 04 Mar 2024US$185.4bUS$24.4bUS$4.9b27.3x38.2x7.6x
Wed, 31 Jan 2024US$184.1bUS$24.3bUS$5.5b33.1x33.5x7.6x
Fri, 29 Dec 2023US$192.1bUS$24.3bUS$5.5b34.9x35.1x7.9x
Sun, 26 Nov 2023US$177.2bUS$24.3bUS$5.5b31.8x32.4x7.3x
Tue, 24 Oct 2023US$170.1bUS$24.1bUS$5.3b29.8x32.3x7.1x
Thu, 21 Sep 2023US$187.5bUS$24.1bUS$5.3b32.6x35.7x7.8x
Sat, 19 Aug 2023US$188.9bUS$24.1bUS$5.3b32.6x35.9x7.9x
Mon, 17 Jul 2023US$203.0bUS$23.7bUS$5.6b30.8x36.4x8.6x
Wed, 14 Jun 2023US$197.7bUS$23.7bUS$5.6b29.4x35.5x8.4x
Fri, 12 May 2023US$193.6bUS$23.7bUS$5.6b28.5x34.7x8.2x
Sun, 09 Apr 2023US$185.8bUS$23.0bUS$5.8b30.3x31.9x8.1x
Price to Earnings Ratio

30x


Total Market Cap: US$175.2bTotal Earnings: US$5.8bTotal Revenue: US$23.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Residential REITs Industry Price to Earnings3Y Average 38.9x202420252026
Current Industry PE
  • Investors are pessimistic on the American Residential REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 34.1x which is lower than its 3-year average PE of 38.9x.
  • The industry is trading close to its 3-year average PS ratio of 7.9x.
Past Earnings Growth
  • The earnings for companies in the Residential REITs industry have declined 3.7% 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 Market-0.67%
Real Estate0.72%
Residential REITs1.01%
Single-Family Residential REITs2.28%
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
INVH Invitation HomesUS$26.344.1%
+US$633.8m		-22.6%PB1.7x
SUI Sun CommunitiesUS$136.464.3%
+US$627.8m		0.2%PB2.4x
EQR Equity ResidentialUS$63.211.0%
+US$230.3m		-14.8%PB2.2x
VRE Veris ResidentialUS$18.8512.4%
+US$194.8m		11.3%PB1.5x
AMH American Homes 4 RentUS$30.031.7%
+US$185.5m		-18.9%PB1.6x

Latest News

NXRT
US$28.19
NexPoint Residential Trust
7D
-5.2%
1Y
-33.7%
CLPR
US$3.17
Clipper Realty
7D
-8.3%
1Y
-32.4%
AVB
US$177.23
AvalonBay Communities
7D
-0.1%
1Y
-21.6%
AIV
US$4.41
Apartment Investment and Management
7D
-23.8%
1Y
-51.3%
UMH
US$15.08
UMH Properties
7D
-6.8%
1Y
-20.3%
SUI
US$136.46
Sun Communities
7D
4.3%
1Y
0.2%

SUI: 2026 Guidance And Buybacks Will Shape Fairly Balanced Outlook

Analysts have nudged their average price target on Sun Communities slightly higher to reflect updated 2026 guidance and sector outlooks, including recent target moves in the $127 to $148 range that are tied to refreshed views on revenue growth, margins, and future price-to-earnings assumptions. Analyst Commentary Recent price target adjustments on Sun Communities cluster in the $127 to $148 range, with analysts tuning their models around the company's 2026 guidance and broader real estate assumptions.
ELME
US$2.15
Elme Communities
7D
-1.4%
1Y
-87.6%

ELME: Liquidation Distributions Will Deliver Attractive Cash Returns Despite Lower Sale Proceeds

Analysts have modestly revised their price view on Elme Communities, keeping the fair value estimate around $18.00 while adjusting underlying assumptions such as the discount rate, profit margin, and future P/E to reflect updated expectations for risk and earnings quality. What's in the News Elme Communities updated its estimate for total liquidating distributions to a range of US$17.02 to US$17.47 per common share, including the initial US$14.67 per share distribution paid in January 2026.
MAA
US$133.86
Mid-America Apartment Communities
7D
0.3%
1Y
-20.4%

MAA: Sunbelt Rent Trends And Dividend Policy Will Shape 2026 Outlook

The updated analyst price target for Mid-America Apartment Communities has inched lower to about $145.92 from $146.96, as analysts balance mixed target revisions across firms with expectations for steadier revenue growth, improving profit margins, and a somewhat lower future P/E multiple. Analyst Commentary Recent research on Mid-America Apartment Communities reflects a mix of optimism and caution, with several firms adjusting price targets around the mid to upper US$130s to US$160 range and reassessing ratings within the broader real estate investment trust group.
EQR
US$63.21
Equity Residential
7D
1.0%
1Y
-14.8%

EQR: Coastal Apartments And Buybacks Will Shape 2026 Risk Reward Balance

Analysts have made a modest upward adjustment to the Equity Residential price target to $70.00. This reflects a slightly higher fair value estimate supported by updated assumptions around revenue growth, profit margins, and future P/E expectations.
VRE
US$18.85
Veris Residential
7D
12.4%
1Y
11.3%
ELS
US$67.16
Equity LifeStyle Properties
7D
-0.6%
1Y
-2.1%

ELS: Mixed REIT Outlook And Dividend Framework Expected To Shape Future Returns

The updated analyst price target for Equity LifeStyle Properties rises modestly to approximately $69.62 per share, as analysts factor in a slightly higher fair value estimate supported by stable discount rate assumptions and small adjustments to revenue growth, profit margin, and future P/E expectations. Analyst Commentary Recent research on Equity LifeStyle Properties shows a mix of optimism and caution, with several firms adjusting price targets and ratings as they revisit assumptions around its business mix, sector exposure, and the broader real estate investment trust group.
AMH
US$30.03
American Homes 4 Rent
7D
1.7%
1Y
-18.9%

AMH: Regulatory Headwinds Will Ultimately Highlight Underlying Single Family Rental Value

Narrative update: Analyst target and rationale The updated fair value estimate for American Homes 4 Rent has edged to $36.64. This reflects analysts' lower price targets in the $32 to $37 range as they factor in higher discount rates, slightly softer margin expectations, and regulatory uncertainty around institutional ownership of single family rentals.
CPT
US$108.34
Camden Property Trust
7D
1.1%
1Y
-12.7%

CPT: Buybacks And 2026 Apartment Fundamentals Are Expected To Support Balanced Outcomes

Analysts made a modest upward adjustment to their fair value estimate for Camden Property Trust to about $115.48 from $115.25, reflecting recent price target tweaks across the Street that balance cautious views on revenue growth with updated expectations for profitability and future price-to-earnings (P/E) levels. Analyst Commentary Recent research on Camden Property Trust shows a mix of cautious and constructive opinions, with several firms fine tuning price targets as they update views on the broader real estate investment trust group and the apartment sector specifically.
INVH
US$26.34
Invitation Homes
7D
4.1%
1Y
-22.6%
UDR
US$37.50
UDR
7D
0.9%
1Y
-17.0%

UDR: Coastal Apartment REIT Turnaround And Buybacks Will Shape 2026 Outlook

The updated analyst price target for UDR edges up from about $40.38 to roughly $40.93. Analysts cite a mix of steady discount rate assumptions, slightly softer revenue growth expectations, and improved profit margin and future P/E inputs as key drivers of the change.
BHM
US$10.10
Bluerock Homes Trust
7D
-11.8%
1Y
-12.4%