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U.S. Residential REITs Industry Analysis

UpdatedJul 29, 2026
DataAggregated Company Financials
Companies19
  • 7D0.9%
  • 3M5.0%
  • 1Y-3.7%
  • YTD4.7%

Last week, the Residential REITs industry hasn't moved much but Sun Communities is up 4.2% in that time. Unfortunately though, the industry is down 3.7% over the past 12 months. As for the next few years, earnings are forecast to decline by 8.4% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 30 Jul 2026US$181.1bUS$24.3bUS$5.1b31.9x35.2x7.5x
Sat, 27 Jun 2026US$180.8bUS$24.3bUS$5.1b31.7x35.4x7.5x
Mon, 25 May 2026US$180.9bUS$24.5bUS$5.2b29.9x35x7.4x
Wed, 22 Apr 2026US$175.1bUS$24.3bUS$5.3b28x33.2x7.2x
Fri, 20 Mar 2026US$168.5bUS$24.3bUS$5.3b27.4x31.9x6.9x
Sun, 15 Feb 2026US$178.2bUS$25.3bUS$4.9b29.3x36.3x7.1x
Tue, 13 Jan 2026US$175.4bUS$25.2bUS$5.0b28.5x35.3x6.9x
Thu, 11 Dec 2025US$172.7bUS$25.2bUS$5.0b28x34.8x6.8x
Sat, 08 Nov 2025US$172.8bUS$25.2bUS$5.0b29.3x34.2x6.8x
Mon, 06 Oct 2025US$182.9bUS$25.0bUS$4.9b32.3x37.3x7.3x
Wed, 03 Sep 2025US$191.1bUS$25.0bUS$4.9b31.4x39x7.7x
Fri, 01 Aug 2025US$188.7bUS$24.8bUS$5.0b33.4x37.9x7.6x
Sun, 29 Jun 2025US$189.1bUS$24.7bUS$4.8b37.8x39.6x7.6x
Tue, 27 May 2025US$193.9bUS$24.7bUS$4.8b38.7x40.6x7.8x
Thu, 24 Apr 2025US$199.3bUS$24.5bUS$4.8b45.9x41.6x8.1x
Sat, 22 Mar 2025US$206.9bUS$24.5bUS$4.8b45.8x43.1x8.4x
Mon, 17 Feb 2025US$202.5bUS$24.5bUS$4.8b37.1x42.6x8.3x
Wed, 15 Jan 2025US$198.3bUS$24.3bUS$4.6b34.5x43.3x8.2x
Fri, 13 Dec 2024US$208.8bUS$24.3bUS$4.6b36.7x45.6x8.6x
Sun, 10 Nov 2024US$212.1bUS$24.3bUS$4.6b37.7x46.3x8.7x
Tue, 08 Oct 2024US$208.7bUS$24.1bUS$4.3b35.7x48.9x8.7x
Thu, 05 Sep 2024US$216.3bUS$24.1bUS$4.3b37.9x50.7x9x
Sat, 03 Aug 2024US$202.8bUS$24.1bUS$4.3b36.7x46.8x8.4x
Mon, 01 Jul 2024US$196.4bUS$23.9bUS$4.6b30.8x42.9x8.2x
Wed, 29 May 2024US$193.0bUS$24.7bUS$5.2b28.2x37x7.8x
Fri, 26 Apr 2024US$189.3bUS$24.5bUS$5.0b28.5x37.9x7.7x
Sun, 24 Mar 2024US$187.7bUS$24.5bUS$4.9b28x38.6x7.7x
Tue, 20 Feb 2024US$182.9bUS$24.4bUS$5.3b27.4x34.7x7.5x
Thu, 18 Jan 2024US$186.0bUS$24.3bUS$5.5b33.6x34x7.7x
Sat, 16 Dec 2023US$190.6bUS$24.3bUS$5.5b34.2x34.8x7.8x
Mon, 13 Nov 2023US$171.0bUS$24.3bUS$5.5b30.5x31.2x7x
Wed, 11 Oct 2023US$177.9bUS$24.1bUS$5.3b31.3x33.8x7.4x
Fri, 08 Sep 2023US$188.9bUS$24.1bUS$5.3b33.2x35.9x7.9x
Sun, 06 Aug 2023US$195.3bUS$24.1bUS$5.5b29.8x35.5x8.1x
Price to Earnings Ratio

35.5x


Total Market Cap: US$195.3bTotal Earnings: US$5.5bTotal Revenue: US$24.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Residential REITs Industry Price to Earnings3Y Average 38.8x202420252026
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 35.2x which is lower than its 3-year average PE 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 2.2% 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-1.50%
Real Estate1.38%
Residential REITs0.92%
Single-Family Residential REITs1.93%
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
SUI Sun CommunitiesUS$127.946.9%
+US$927.8m		9.7%PB2.8x
MAA Mid-America Apartment CommunitiesUS$137.384.4%
+US$676.2m		-7.7%PB2.9x
CPT Camden Property TrustUS$116.373.9%
+US$447.1m		3.8%PB3x
ELS Equity LifeStyle PropertiesUS$67.653.3%
+US$420.9m		15.4%PB7.5x
INVH Invitation HomesUS$30.112.1%
+US$362.4m		-4.0%PB2x

Latest News

ELS
US$67.65
Equity LifeStyle Properties
7D
3.3%
1Y
15.4%
ESS
US$296.80
Essex Property Trust
7D
1.3%
1Y
10.6%
Narrative Update • Jul 29

ESS: Bay Area AI Demand And Coastal Supply Constraints Will Shape 2026 Trade-Off

Analysts have nudged the fair value estimate for Essex Property Trust higher to $299.27 from $292.69. The revision reflects updated price targets that reference factors such as coastal multifamily positioning, Bay Area demand and AI related job growth, and an adjusted sector multiple for U.S. apartment REITs. Analyst Commentary Recent Street research on Essex Property Trust shows a mix of optimism around its coastal multifamily exposure and caution on broader apartment REIT valuations.
UDR
US$39.72
UDR
7D
0.5%
1Y
-0.2%
SUI
US$127.94
Sun Communities
7D
6.9%
1Y
9.7%
EQR
US$68.85
Equity Residential
7D
0.8%
1Y
5.4%
AVB
US$192.45
AvalonBay Communities
7D
1.1%
1Y
-2.0%
INVH
US$30.11
Invitation Homes
7D
2.1%
1Y
-4.0%
Narrative Update • Jul 21

INVH: Policy Tailwinds And Buybacks Will Shape Future Single Family Rental Returns

Invitation Homes' updated analyst price target reflects a modest uplift to fair value, with analysts pointing to stronger revenue growth assumptions into 2026 and ongoing sector support from recent target hikes at Barclays, UBS, Wells Fargo, Evercore ISI, Scotiabank, Mizuho, and others. Analyst Commentary Recent research around Invitation Homes highlights a mix of optimism on growth and cash flow, alongside concerns about valuation, regulation, and longer term revenue trends.
MAA
US$137.38
Mid-America Apartment Communities
7D
4.4%
1Y
-7.7%
Seeking Alpha • Jul 21

Mid-America Apartment Communities: Solid Balance Sheet, But Overvalued Financial Instruments

Summary MAA's balance sheet is strong (low secured debt ratio ~2%, "A3" overall credit rating), but all three instruments are currently unattractive. MAA's asset yield is 10.33%, the asset coverage ratio is 211%, and the market-adjusted asset yield stands at 5.63%. MAA.PR.I preferred shares trade above par with a negative yield to worst, prompting a clear 'sell' recommendation until yields exceed 5%. Read the full article on Seeking Alpha
CPT
US$116.37
Camden Property Trust
7D
3.9%
1Y
3.8%