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U.S. Residential REITs Industry Analysis

UpdatedDec 09, 2025
DataAggregated Company Financials
Companies20
  • 7D-2.7%
  • 3M-8.2%
  • 1Y-17.4%
  • YTD-13.2%

The Residential REITs industry is down 2.5% over the last week with Mid-America Apartment Communities the worst performer, down 2.7%. Overall the industry is down 16% in 12 months. As for the next few years, earnings are forecast to decline by 8.0% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 09 Dec 2025US$175.2bUS$25.2bUS$5.0b27.9x35.3x6.9x
Thu, 06 Nov 2025US$174.7bUS$25.2bUS$4.9b29.7x35.4x6.9x
Sat, 04 Oct 2025US$182.5bUS$25.0bUS$4.9b32.3x37.2x7.3x
Mon, 01 Sep 2025US$191.2bUS$25.0bUS$4.9b32.3x39x7.7x
Wed, 30 Jul 2025US$190.5bUS$24.7bUS$4.8b37.4x40x7.7x
Fri, 27 Jun 2025US$193.7bUS$24.7bUS$4.8b37.9x40.6x7.8x
Sun, 25 May 2025US$194.1bUS$24.7bUS$4.8b38.7x40.7x7.8x
Tue, 22 Apr 2025US$198.2bUS$24.5bUS$4.8b45.2x41.3x8.1x
Thu, 20 Mar 2025US$206.2bUS$24.5bUS$4.8b45.8x43x8.4x
Sat, 15 Feb 2025US$204.0bUS$24.5bUS$4.8b37.1x42.9x8.3x
Mon, 13 Jan 2025US$193.1bUS$24.3bUS$4.6b33.9x42.1x7.9x
Wed, 11 Dec 2024US$211.2bUS$24.3bUS$4.6b37x46.1x8.7x
Fri, 08 Nov 2024US$207.1bUS$24.3bUS$4.6b36.7x45x8.5x
Sun, 06 Oct 2024US$208.7bUS$24.1bUS$4.3b36.2x48.9x8.7x
Tue, 03 Sep 2024US$215.3bUS$24.1bUS$4.3b38x50.5x8.9x
Thu, 01 Aug 2024US$197.3bUS$24.0bUS$4.3b34.5x46x8.2x
Sat, 29 Jun 2024US$201.1bUS$24.7bUS$5.2b30.4x38.5x8.1x
Mon, 27 May 2024US$193.0bUS$24.7bUS$5.2b28.7x37x7.8x
Wed, 24 Apr 2024US$187.8bUS$24.5bUS$4.9b28.7x38.5x7.7x
Fri, 22 Mar 2024US$188.4bUS$24.5bUS$4.9b28.3x38.8x7.7x
Sun, 18 Feb 2024US$182.9bUS$24.4bUS$5.3b27.4x34.7x7.5x
Tue, 16 Jan 2024US$190.6bUS$24.3bUS$5.5b34.4x34.8x7.8x
Thu, 14 Dec 2023US$182.0bUS$24.3bUS$5.5b34.1x33.3x7.5x
Sat, 11 Nov 2023US$168.6bUS$24.3bUS$5.5b30.5x30.8x6.9x
Mon, 09 Oct 2023US$176.9bUS$24.1bUS$5.3b31x33.7x7.4x
Wed, 06 Sep 2023US$189.3bUS$24.1bUS$5.3b32.9x36x7.9x
Fri, 04 Aug 2023US$195.4bUS$24.0bUS$5.9b29.5x33.1x8.1x
Sun, 02 Jul 2023US$197.0bUS$23.7bUS$5.6b29x35.4x8.3x
Tue, 30 May 2023US$184.7bUS$23.7bUS$5.6b27.6x33.2x7.8x
Thu, 27 Apr 2023US$185.3bUS$23.1bUS$6.0b28.6x31x8x
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 39.1x20242025
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 35.3x which is lower than its 3-year average PE of 39.1x.
  • The 3-year average PS ratio of 8.0x is higher than the industry's current PS ratio of 7.0x.
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 Market0.49%
Real Estate-1.28%
Residential REITs-2.73%
Single-Family Residential REITs-3.23%
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
UMH UMH PropertiesUS$14.970.3%
+US$4.3m		-24.1%PB2.1x

Latest News

AMH
US$30.44
American Homes 4 Rent
7D
-4.5%
1Y
-19.2%
CPT
US$102.69
Camden Property Trust
7D
-3.2%
1Y
-16.4%
ESS
US$252.22
Essex Property Trust
7D
-3.1%
1Y
-16.2%
INVH
US$26.66
Invitation Homes
7D
-4.1%
1Y
-20.8%

INVH: Easing Supply Headwinds Will Support Stronger Rental Demand Beyond 2025

Analysts trimmed their price target on Invitation Homes slightly, to the mid $30s per share. This reflects a more cautious near term outlook for rent and occupancy trends, even as they continue to expect healthier growth beyond 2025.
UMH
US$14.97
UMH Properties
7D
0.3%
1Y
-24.1%

UMH: Expanding Share Buyback Will Support Performance Amid Sector Uncertainty

The consensus analyst price target for UMH Properties has been revised slightly lower, from $18.81 to $18.63. Analysts cite continued robust fundamentals, but expectations for growth and profit margins have been slightly tempered.
UDR
US$34.89
UDR
7D
-3.9%
1Y
-21.6%

UDR: Sunbelt And Coastal Markets Will Drive Performance Through 2025

Analysts have slightly reduced their price target for UDR, from $40.98 to $40.70. This adjustment is due to tempered earnings outlooks and confirmation of weakening fundamentals within the multifamily sector.
EQR
US$60.60
Equity Residential
7D
-1.4%
1Y
-17.7%

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.
MAA
US$131.00
Mid-America Apartment Communities
7D
-3.2%
1Y
-17.7%

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.
ELS
US$60.41
Equity LifeStyle Properties
7D
-3.4%
1Y
-13.8%

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.