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U.S. Specialized REITs Industry Analysis

UpdatedFeb 24, 2024
DataAggregated Company Financials
Companies24
  • 7D1.3%
  • 3M4.6%
  • 1Y1.1%
  • YTD-5.5%

In the last week, the Specialized REITs industry is up 1.3%, with Equinix leading the way, up 3.0%. The industry has been flat over the past 12 months despite the gain this week. Looking forward, earnings are forecast to grow by 8.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 Feb 2024US$457.6bUS$60.6bUS$11.7b28.8x39x7.6x
Mon, 22 Jan 2024US$469.0bUS$60.9bUS$11.5b30.8x40.7x7.7x
Wed, 20 Dec 2023US$481.1bUS$60.9bUS$11.5b31.8x41.7x7.9x
Fri, 17 Nov 2023US$446.0bUS$61.0bUS$11.5b30x38.6x7.3x
Sun, 15 Oct 2023US$413.7bUS$60.1bUS$13.7b26.3x30.3x6.9x
Tue, 12 Sep 2023US$438.2bUS$60.1bUS$13.7b28x32.1x7.3x
Thu, 10 Aug 2023US$444.9bUS$60.1bUS$13.7b29.7x32.5x7.4x
Sat, 08 Jul 2023US$444.9bUS$60.0bUS$14.6b23.7x30.6x7.4x
Mon, 05 Jun 2023US$435.2bUS$60.0bUS$14.6b23.2x29.9x7.3x
Wed, 03 May 2023US$433.7bUS$59.5bUS$14.5b25.7x29.9x7.3x
Fri, 31 Mar 2023US$441.6bUS$59.8bUS$15.3b26.8x28.9x7.4x
Price to Earnings Ratio

28.9x


Total Market Cap: US$441.6bTotal Earnings: US$15.3bTotal Revenue: US$59.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Specialized REITs Industry Price to Earnings3Y Average 33.8xAprilJulyOctober2024
Current Industry PE
  • Investors are optimistic on the American Specialized REITs industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 39.0x which is higher than its 3-year average PE of 33.8x.
  • The industry is trading close to its 3-year average PS ratio of 7.3x.
Past Earnings Growth
  • The earnings for companies in the Specialized REITs industry have declined 8.4% 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 Market1.28%
Real Estate0.17%
Specialized REITs1.33%
Data Center REITs2.40%
Telecom Tower REITs1.12%
Timber REITs0.81%
Self-Storage REITs0.13%
Industry PE
  • Investors are most optimistic about the Data Center REITs industry even though it's trading below its 3-year average PE ratio of 81.8x.
    • Analysts are expecting annual earnings growth of 6.8%, which is lower than the prior year's growth of 103.6% per year.
  • Investors are most pessimistic about the Self-Storage REITs industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 22.0x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom Tower REITs industry, expecting annual earnings growth of 14% over the next 5 years.
  • This is better than its past earnings decline of 43% per year.
  • In contrast, the Self-Storage REITs industry is expected to see its earnings grow by 4.6% 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$882.293.0%
+US$2.5b
28.8%PB6.7x
IRM Iron MountainUS$75.0310.4%
+US$2.1b
43.5%PB103.5x
AMT American TowerUS$189.931.5%
+US$1.3b
-3.0%PB19.5x
VICI VICI PropertiesUS$30.051.8%
+US$782.8m
-9.7%PB1.2x
SBAC SBA CommunicationsUS$212.963.0%
+US$664.6m
-17.4%PE46.4x
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Latest News

PSA

US$284.78

Public Storage

7D

1.2%

1Y

-2.9%

IRM

US$75.03

Iron Mountain

7D

10.4%

1Y

43.5%

FPI

US$11.08

Farmland Partners

7D

-3.9%

1Y

4.8%

EXR

US$140.06

Extra Space Storage

7D

-1.1%

1Y

-12.9%

OUT

US$14.54

OUTFRONT Media

7D

13.5%

1Y

-14.9%

EQIX

US$882.29

Equinix

7D

3.0%

1Y

28.8%

DLR

US$137.84

Digital Realty Trust

7D

1.2%

1Y

31.2%

LAND

US$13.02

Gladstone Land

7D

-3.5%

1Y

-25.0%

NSA

US$35.80

National Storage Affiliates Trust

7D

-2.5%

1Y

-13.5%

RYN

US$33.43

Rayonier

7D

-0.2%

1Y

-1.6%

SBAC

US$212.96

SBA Communications

7D

3.0%

1Y

-17.4%

SAFE

US$20.24

Safehold

7D

-4.7%

1Y

-33.7%

PCH

US$44.17

PotlatchDeltic

7D

-0.3%

1Y

-4.4%