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U.S. Retail REITs Industry Analysis

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies28
  • 7D-0.7%
  • 3M2.5%
  • 1Y16.0%
  • YTD11.1%

Last week, the Retail REITs industry hasn't moved much but Federal Realty Investment Trust is up 4.3% in that time. The past year has been better, since the industry has gained 16% in that time. As for the next few years, earnings are forecast to decline by 2.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 10 May 2026US$245.4bUS$27.6bUS$9.6b24x25.5x8.9x
Tue, 07 Apr 2026US$235.8bUS$27.3bUS$9.2b26.4x25.5x8.6x
Thu, 05 Mar 2026US$249.7bUS$27.3bUS$9.2b28.1x27.1x9.2x
Sat, 31 Jan 2026US$226.7bUS$26.7bUS$6.0b27.7x37.8x8.5x
Mon, 29 Dec 2025US$221.9bUS$26.7bUS$6.0b27.5x37x8.3x
Wed, 26 Nov 2025US$219.4bUS$26.7bUS$6.0b27.1x36.6x8.2x
Fri, 24 Oct 2025US$223.6bUS$26.3bUS$6.0b26.9x37.6x8.5x
Sun, 21 Sep 2025US$220.8bUS$26.2bUS$5.9b26.6x37.2x8.4x
Tue, 19 Aug 2025US$215.5bUS$26.3bUS$5.9b25.6x36.3x8.2x
Thu, 17 Jul 2025US$206.6bUS$25.9bUS$5.8b30.9x35.9x8x
Sat, 14 Jun 2025US$208.9bUS$25.9bUS$5.8b29x36.3x8.1x
Mon, 12 May 2025US$208.5bUS$25.8bUS$6.0b27.5x34.8x8.1x
Wed, 09 Apr 2025US$190.6bUS$25.5bUS$5.7b28.2x33.6x7.5x
Fri, 07 Mar 2025US$222.8bUS$25.6bUS$5.6b34.7x39.5x8.7x
Sun, 02 Feb 2025US$215.2bUS$25.4bUS$6.4b32.9x33.8x8.5x
Tue, 31 Dec 2024US$214.7bUS$25.4bUS$6.4b34x33.8x8.4x
Thu, 28 Nov 2024US$230.3bUS$25.4bUS$6.4b35.5x36.2x9.1x
Sat, 26 Oct 2024US$225.8bUS$24.9bUS$6.0b34.2x37.7x9.1x
Mon, 23 Sep 2024US$219.2bUS$24.7bUS$5.9b34x36.9x8.9x
Wed, 21 Aug 2024US$211.9bUS$24.7bUS$5.9b33.5x35.7x8.6x
Fri, 19 Jul 2024US$204.5bUS$24.2bUS$5.6b36.4x36.3x8.4x
Sun, 16 Jun 2024US$189.4bUS$24.2bUS$5.6b33.8x33.6x7.8x
Tue, 14 May 2024US$190.8bUS$24.2bUS$5.7b36.5x33.3x7.9x
Thu, 11 Apr 2024US$191.5bUS$23.6bUS$5.9b30.2x32.3x8.1x
Sat, 09 Mar 2024US$189.6bUS$23.0bUS$5.9b32.2x32.2x8.2x
Mon, 05 Feb 2024US$186.9bUS$24.0bUS$5.5b31.1x34.3x7.8x
Wed, 03 Jan 2024US$195.1bUS$24.0bUS$5.5b31.3x35.8x8.1x
Fri, 01 Dec 2023US$174.7bUS$24.0bUS$5.5b28.2x32x7.3x
Sun, 29 Oct 2023US$154.5bUS$23.7bUS$5.7b23.2x27x6.5x
Tue, 26 Sep 2023US$163.4bUS$23.7bUS$5.7b26.1x28.9x6.9x
Thu, 24 Aug 2023US$170.5bUS$23.7bUS$5.7b26.7x30.1x7.2x
Sat, 22 Jul 2023US$183.4bUS$23.2bUS$5.5b26.4x33.2x7.9x
Mon, 19 Jun 2023US$173.2bUS$23.2bUS$5.5b24.9x31.3x7.5x
Wed, 17 May 2023US$162.3bUS$23.2bUS$5.5b22.9x29.3x7x
Price to Earnings Ratio

29.3x


Total Market Cap: US$162.3bTotal Earnings: US$5.5bTotal Revenue: US$23.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Retail REITs Industry Price to Earnings3Y Average 33.6x202420252026
Current Industry PE
  • Investors are pessimistic on the American Retail 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 25.5x which is lower than its 3-year average PE of 33.6x.
  • The industry is trading close to its 3-year average PS ratio of 8.1x.
Past Earnings Growth
  • The earnings for companies in the Retail REITs industry have grown 20% per year over the last three years.
  • Revenues for these companies have grown 5.9% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

US Market2.14%
Real Estate0.75%
Retail REITs-0.67%
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
FRT Federal Realty Investment TrustUS$115.674.3%
+US$412.2m		21.5%PB3.2x
NNN NNN REITUS$44.511.6%
+US$137.0m		7.4%PB1.9x
KRG Kite Realty Group TrustUS$26.722.1%
+US$113.7m		19.0%PB1.9x
AKR Acadia Realty TrustUS$21.941.5%
+US$42.7m		12.3%PB1.3x
UE Urban Edge PropertiesUS$22.030.5%
+US$13.9m		19.6%PB2.2x

Latest News

SKT
US$36.33
Tanger
7D
-2.0%
1Y
21.7%
Narrative Update • May 09

SKT: Future Returns Will Reflect Mixed Ratings And Dividend And Buyback Shifts

Analysts have trimmed Tanger's consolidated price target by $1 to reflect slightly lower modeled revenue growth and a higher discount rate, partly offset by firm views on margins and P/E support. Analyst Commentary Recent research on Tanger shows a mix of optimism on earnings power and caution on how the stock is priced versus peers.
O
US$61.79
Realty Income
7D
-3.8%
1Y
9.8%
NNN
US$44.51
NNN REIT
7D
1.6%
1Y
7.4%
Seeking Alpha • May 08

NNN REIT: This Dividend Champion Belongs In Retirement Portfolios

Summary NNN REIT remains a Buy, offering an attractive valuation with a solid margin of safety and a sustainable, growing dividend yield. NNN delivered a strong Q1, with AFFO of $0.87 per share, 98.6% occupancy, and several acquisitions at a 7.5% cap rate. Management's proactive portfolio optimization and zero exposure to recent major tenant bankruptcies—unlike peers—underscore NNN's resilience versus peers. Risks from Iran-driven inflation and elevated rates are reflected in NNN's conservative valuation, supporting long-term upside potential as macro conditions improve. Read the full article on Seeking Alpha
REG
US$77.86
Regency Centers
7D
0.01%
1Y
8.3%
UE
US$22.03
Urban Edge Properties
7D
0.5%
1Y
19.6%
FVR
US$18.26
FrontView REIT
7D
3.2%
1Y
57.5%
MAC
US$21.37
Macerich
7D
-1.7%
1Y
41.9%
Narrative Update • May 07

MAC: Path Forward Execution And Deleveraging May Support Balanced Repricing Ahead

Analysts have raised their average price target for Macerich by a few dollars to reflect recent target increases across several research firms, citing progress on the company's multi year "Path Forward Plan," asset sales, and balance sheet improvement as key supports for the updated view. Analyst Commentary Recent research updates present a mixed picture on Macerich, with several price target increases and a couple of rating changes that highlight both improving execution and ongoing debates about valuation and risk.
AKR
US$21.94
Acadia Realty Trust
7D
1.5%
1Y
12.3%
KIM
US$23.53
Kimco Realty
7D
-0.5%
1Y
13.8%
ALX
US$244.75
Alexander's
7D
-2.9%
1Y
15.6%
FRT
US$115.67
Federal Realty Investment Trust
7D
4.3%
1Y
21.5%
IVT
US$31.66
InvenTrust Properties
7D
-1.4%
1Y
12.9%
SPG
US$201.40
Simon Property Group
7D
-1.1%
1Y
23.6%
KRG
US$26.72
Kite Realty Group Trust
7D
2.1%
1Y
19.0%
SITC
US$5.60
SITE Centers
7D
2.0%
1Y
-53.5%
Narrative Update • May 01

SITC: Asset Sales And Buybacks Will Define Future Liquidation Value Range

Analysts have raised their price target for SITE Centers by $0.50 to $6.00, based on recent research that revises earlier target reductions and reflects updated views on asset sale outcomes and liquidation value. Analyst Commentary Recent research on SITE Centers has shifted meaningfully over a short period, with analysts first trimming their targets and ratings, then adjusting their view again as updated asset sale assumptions and liquidation value estimates came through.
ADC
US$76.33
Agree Realty
7D
-1.0%
1Y
1.8%
Seeking Alpha • May 01

Agree Realty: Bigger Investments, Stronger Growth Amid Uncertainty Puts Them In A Different League

Summary Agree Realty (ADC) continues to outperform peers, demonstrating resilient growth despite higher interest rates and economic uncertainty. ADC reported robust Q1 results: 8% AFFO and core FFO growth, $424M invested at a 7.1% cap rate, and a 99.7% occupancy rate. With an A-rated balance sheet, low leverage (3.2x pro forma), and strong liquidity, ADC is well-positioned for accelerated growth as rates decline. I maintain a buy rating on ADC, targeting $86–$90 per share within 2.5 years, supported by AFFO growth and a 4%+ yield. Read the full article on Seeking Alpha