Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Residential REITs Industry Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies20
  • 7D0.5%
  • 3M-5.8%
  • 1Y-17.0%
  • YTD-10.3%

In the last week, Residential REITs has been flat. As for the longer term, the industry has declined 17% in the last year. As for the next few years, earnings are forecast to decline by 7.2% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 28 Nov 2025US$178.5bUS$25.2bUS$5.0b29.5x35.9x7.1x
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
Fri, 19 May 2023US$187.4bUS$23.7bUS$5.6b27.5x33.6x7.9x
Sun, 16 Apr 2023US$184.5bUS$23.0bUS$5.8b29.9x31.6x8x
Price to Earnings Ratio

31.6x


Total Market Cap: US$184.1bTotal 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 39.2x20242025
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 35.9x which is lower than its 3-year average PE of 39.2x.
  • The 3-year average PS ratio of 8.0x is higher than the industry's current PS ratio of 7.1x.
Past Earnings Growth
  • The earnings for companies in the Residential REITs industry have declined 5.2% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.1% per year.
  • This means that although more sales are being generated, 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 Market3.54%
Real Estate1.71%
Residential REITs0.47%
Single-Family Residential REITs-0.59%
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
EQR Equity ResidentialUS$61.581.7%
+US$391.9m		-19.7%PB2.1x
MAA Mid-America Apartment CommunitiesUS$135.511.4%
+US$222.5m		-17.5%PB2.7x
AVB AvalonBay CommunitiesUS$181.870.7%
+US$168.3m		-22.7%PB2.2x
UDR UDRUS$36.091.4%
+US$165.2m		-21.3%PB3.7x
CPT Camden Property TrustUS$106.030.8%
+US$85.1m		-15.7%PB2.5x

Latest News

ESS
US$262.12
Essex Property Trust
7D
0.4%
1Y
-15.6%

ESS: Updated Guidance And Sector Shifts Will Influence Measured Outlook Ahead

Essex Property Trust's analyst price target has been lowered slightly by $1 to $297. Analysts cited updated sector earnings previews and a more neutral industry outlook as key factors in the modest revision.
EQR
US$61.58
Equity Residential
7D
1.7%
1Y
-19.7%

EQR: Upcoming Buybacks and Occupancy Will Drive Optimism Into Earnings Season

Equity Residential's analyst price target has been reduced by $0.98, as analysts have updated their expectations for softer profit margins and moderated revenue growth following recent sector reviews. Analyst Commentary Analyst opinions on Equity Residential have shifted following recent target and rating changes, highlighting a mix of optimism about the company’s long-term trajectory along with caution regarding near-term execution risks.
CPT
US$106.03
Camden Property Trust
7D
0.8%
1Y
-15.7%

CPT: Modest Price Adjustments And Share Buyback Will Shape 2025 Outlook

Analysts have slightly reduced their price targets for Camden Property Trust, reflecting a modest adjustment in fair value estimates to $117.11. Recent analyst reports cite generally stable operating performance amid continued macroeconomic and labor market uncertainties.
AVB
US$181.87
AvalonBay Communities
7D
0.7%
1Y
-22.7%

AVB: Share Repurchase Program Will Drive Returns Amid Sector Headwinds

AvalonBay Communities' analyst price target has decreased by approximately $3.31 to $205.88, as analysts cite weaker-than-anticipated leasing spreads, rising operating expenses, and ongoing headwinds for the multifamily REIT sector. Analyst Commentary Recent analyst updates reflect a mix of cautious and optimistic sentiment surrounding AvalonBay Communities, with price targets both reduced and slightly raised in light of earnings performance and projected sector dynamics.
MAA
US$135.51
Mid-America Apartment Communities
7D
1.4%
1Y
-17.5%

MAA: Sunbelt Supply Pressures Will Ease And Support Performance In 2026

The consensus analyst price target for Mid-America Apartment Communities has been modestly reduced from $151.40 to $149.52. Analysts point to continued headwinds in the multifamily housing sector and a cautious earnings outlook for 2026.
INVH
US$27.93
Invitation Homes
7D
-0.9%
1Y
-18.5%

INVH: Easing Supply Pressures Will Drive Renewed Strength In Rental Demand

Invitation Homes’ analyst price target has been reduced slightly, decreasing from $35.57 to $34.84. Analysts are now factoring in more conservative expectations for rent growth and occupancy trends in the coming quarters.
ELS
US$62.71
Equity LifeStyle Properties
7D
-0.5%
1Y
-12.1%

ELS: Steady Demand and Resilient Leasing Expected to Drive Strong Outlook

Equity LifeStyle Properties' analyst price target was lowered by $5.00 to $62.50. Analysts cite mixed second-quarter performance and updated industry checks to support the revised outlook.
UMH
US$15.23
UMH Properties
7D
-0.1%
1Y
-20.7%

UMH: Stock Repurchase Expansion Will Drive Share Performance Over Next Year

UMH Properties' analyst price target has been modestly reduced from $19.25 to $18.81. Analysts cite a cautious outlook on the multifamily sector, despite improved profit margin expectations and lower future P/E ratios.
UDR
US$36.09
UDR
7D
1.4%
1Y
-21.3%

UDR: Sunbelt And Coastal Demand Will Support Performance In 2025

Analysts have lowered their average price target for UDR, Inc., reducing it from approximately $42.84 to $40.98 per share. They cite moderated revenue growth forecasts, slightly lower profit margin expectations, and an increasingly cautious outlook on multifamily real estate fundamentals.
AMH
US$31.95
American Homes 4 Rent
7D
-1.4%
1Y
-16.6%

AMH: Improving Profit Margins Will Support Share Price Momentum Ahead

Analysts have slightly lowered their price target for American Homes 4 Rent to $39.47 from $39.81. They cite softer demand trends and a more cautious outlook on occupancy and rental rate growth in the near term.
IRT
US$17.08
Independence Realty Trust
7D
0.8%
1Y
-21.8%
CSR
US$66.61
Centerspace
7D
-0.1%
1Y
-8.1%
VRE
US$15.05
Veris Residential
7D
-0.7%
1Y
-17.5%
SUI
US$128.58
Sun Communities
7D
0.3%
1Y
1.8%