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U.S. Specialized REITs Industry Analysis

UpdatedAug 15, 2026
DataAggregated Company Financials
Companies24
  • 7D1.4%
  • 3M4.8%
  • 1Y8.3%
  • YTD17.3%

Equinix is up 2.0%, leading the way for the Specialized REITs industry, which has gained 1.0%. In the last 12 months, the industry was up 8.3%. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 15 Aug 2026US$477.0bUS$57.7bUS$14.1b28x33.7x8.3x
Mon, 13 Jul 2026US$461.2bUS$56.8bUS$14.1b29.5x32.7x8.1x
Wed, 10 Jun 2026US$468.5bUS$56.8bUS$14.1b30.1x33.2x8.2x
Fri, 08 May 2026US$464.2bUS$56.6bUS$14.3b28.9x32.5x8.2x
Sun, 05 Apr 2026US$434.6bUS$55.7bUS$13.2b29.1x33x7.8x
Tue, 03 Mar 2026US$458.1bUS$55.7bUS$13.7b31.4x33.5x8.2x
Thu, 29 Jan 2026US$421.1bUS$56.7bUS$14.0b28.3x30.2x7.4x
Sat, 27 Dec 2025US$400.5bUS$56.7bUS$14.0b27.6x28.7x7.1x
Mon, 24 Nov 2025US$408.2bUS$56.7bUS$14.0b28.3x29.3x7.2x
Wed, 22 Oct 2025US$449.9bUS$55.7bUS$13.0b29.5x34.7x8.1x
Fri, 19 Sep 2025US$428.6bUS$55.7bUS$13.0b29.9x33x7.7x
Sun, 17 Aug 2025US$429.1bUS$55.7bUS$13.0b29.1x33.1x7.7x
Tue, 15 Jul 2025US$438.7bUS$55.2bUS$12.4b28.6x35.4x8x
Thu, 12 Jun 2025US$456.9bUS$55.2bUS$12.4b29.2x36.9x8.3x
Sat, 10 May 2025US$444.2bUS$55.1bUS$12.3b27.9x36.2x8.1x
Mon, 07 Apr 2025US$417.7bUS$54.8bUS$12.8b27.6x32.7x7.6x
Wed, 05 Mar 2025US$494.1bUS$60.9bUS$14.1b28.7x35x8.1x
Fri, 31 Jan 2025US$465.3bUS$61.6bUS$13.2b25.4x35.4x7.6x
Sun, 29 Dec 2024US$471.2bUS$61.6bUS$13.2b24.4x35.8x7.7x
Tue, 26 Nov 2024US$508.7bUS$61.5bUS$13.1b29.2x38.9x8.3x
Thu, 24 Oct 2024US$507.8bUS$61.7bUS$14.4b30.1x35.3x8.2x
Sat, 21 Sep 2024US$523.2bUS$61.7bUS$14.3b30.1x36.5x8.5x
Mon, 19 Aug 2024US$488.8bUS$61.7bUS$14.3b27.1x34.1x7.9x
Wed, 17 Jul 2024US$474.4bUS$61.3bUS$13.5b26.8x35.2x7.7x
Fri, 14 Jun 2024US$450.6bUS$61.3bUS$13.5b25.6x33.5x7.4x
Sun, 12 May 2024US$440.0bUS$61.3bUS$13.5b25x32.7x7.2x
Tue, 09 Apr 2024US$448.9bUS$61.0bUS$12.7b25.5x35.3x7.4x
Thu, 07 Mar 2024US$472.2bUS$61.0bUS$12.7b24.9x37.2x7.7x
Sat, 03 Feb 2024US$466.7bUS$61.0bUS$11.8b28.6x39.6x7.7x
Mon, 01 Jan 2024US$487.9bUS$60.9bUS$11.5b32.2x42.3x8x
Wed, 29 Nov 2023US$449.7bUS$60.9bUS$11.5b30.9x39x7.4x
Fri, 27 Oct 2023US$400.7bUS$60.6bUS$13.6b26.1x29.5x6.6x
Sun, 24 Sep 2023US$414.8bUS$60.1bUS$13.7b26.9x30.3x6.9x
Tue, 22 Aug 2023US$429.3bUS$60.1bUS$13.7b27.7x31.4x7.1x
Price to Earnings Ratio

31.4x


Total Market Cap: US$429.3bTotal Earnings: US$13.7bTotal Revenue: US$60.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Specialized REITs Industry Price to Earnings3Y Average 34.6x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Specialized REITs industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 34.6x.
  • The industry is trading close to its 3-year average PS ratio of 7.7x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Specialized REITs industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Trends

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

US Market0.58%
Real Estate0.089%
Specialized REITs1.44%
Data Center REITs4.67%
Telecom Tower REITs1.76%
Self-Storage REITs-0.85%
Timber REITs-3.21%
Industry PE
  • Investors are most optimistic about the Data Center REITs industry which is trading above its 3-year average PE ratio of 77.7x.
    • Analysts are expecting annual earnings growth of 15.7%, which is higher than its past year's earnings growth of 5.4% per year.
  • Investors are most pessimistic about the Telecom Tower REITs industry, which is trading below its 3-year average of 39.5x.
Forecasted Growth
  • Analysts are most optimistic on the Timber REITs industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings decline of 4.3% per year.
  • In contrast, the Telecom Tower REITs industry is expected to see its earnings grow by 5.1% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
EQIX EquinixUS$1.10k5.7%
+US$5.9b		41.1%PB7.6x
IRM Iron MountainUS$129.436.8%
+US$2.5b		41.5%PE92x
DLR Digital Realty TrustUS$200.153.3%
+US$2.3b		19.9%PB2.8x
AMT American TowerUS$175.581.8%
+US$1.4b		-14.8%PB22x
MRP Millrose PropertiesUS$30.334.7%
+US$224.2m		-4.4%PB0.9x

Latest News

FRMI
US$6.40
Fermi
7D
3.6%
1Y
n/a
DLR
US$200.15
Digital Realty Trust
7D
3.3%
1Y
19.9%
IRM
US$129.43
Iron Mountain
7D
6.8%
1Y
41.5%
LAMR
US$155.47
Lamar Advertising
7D
-3.4%
1Y
26.1%
WY
US$24.56
Weyerhaeuser
7D
-4.0%
1Y
-5.0%
EXR
US$147.90
Extra Space Storage
7D
-1.1%
1Y
7.9%
Narrative Update • Aug 11

EXR: Stabilizing Fundamentals And Leasing Season Trends Will Shape Forward Returns

Analysts have raised the fair value estimate for Extra Space Storage to $159.65 from $155.70, reflecting higher Street price targets in the $148 to $172 range, as well as ongoing commentary about solid recent results, stabilizing self storage fundamentals, and relatively steady cash flow expectations. Analyst Commentary Street views on Extra Space Storage cluster around a higher fair value range, with many recent research notes focusing on the strength of recent results, the trajectory of self storage fundamentals, and how much upside may still be left in the stock after a solid year for storage REITs. Bullish Takeaways Bullish analysts point to better than expected Q2 results, including strong same store revenue and expense performance, as support for higher valuation ranges between roughly $148 and $172.
PSA
US$325.93
Public Storage
7D
-0.8%
1Y
15.2%
SAFE
US$15.25
Safehold
7D
-6.4%
1Y
0%
VICI
US$26.36
VICI Properties
7D
-1.4%
1Y
-18.9%
Narrative Update • Aug 10

VICI: Future Returns Will Hinge On Caesars Rent Coverage Resilience

VICI Properties sees its fair value estimate move from $33.46 to $32.71 as analysts trim price targets into a $27 to $32 range, pointing to sector wide net lease REIT adjustments, rent coverage questions on certain leases, and a still quiet large scale casino transaction market, even as Las Vegas and regional gaming fundamentals remain resilient. Analyst Commentary Recent research on VICI Properties clusters around a tighter valuation range, with most price targets now between US$27 and US$32.
CCI
US$75.98
Crown Castle
7D
0.5%
1Y
-25.3%
OUT
US$30.24
OUTFRONT Media
7D
-3.1%
1Y
61.5%
EQIX
US$1,102.10
Equinix
7D
5.7%
1Y
41.1%
SBAC
US$185.20
SBA Communications
7D
0.6%
1Y
-15.8%
MRP
US$30.33
Millrose Properties
7D
4.7%
1Y
-4.4%
AMT
US$175.58
American Tower
7D
1.8%
1Y
-14.8%
Seeking Alpha • Aug 03

American Tower: Satellite/AI Risks Overstated - Inflation-Beating Yields Trigger Buy Rating

Summary AMT benefits from resilient telecom demand, annual lease escalators, and upcoming 5G/6G cycles, aside from near-term noise from DISH churn. Data center segment delivers double-digit cash revenue growth and richer gross margins, aided by the potential tripling in capacity. AMT's robust H1'26 numbers imply a prudent FY2026 guidance, with it well positioning the REIT for future beat-and-raise performance. The satellite competition/AI selloff has triggered the cheaper Price/FFO of 16.78x, richer dividend yield of 4.13%, and +48.8% upside potential to bull-case LTPT of $258. AMT remains a Great Buy for the contrarian and the patient, since its reversal may be prolonged amid macro/AI pessimism. Read the full article on Seeking Alpha
GLPI
US$43.57
Gaming and Leisure Properties
7D
-1.3%
1Y
-5.7%