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U.S. Real Estate Sector Analysis

UpdatedJun 27, 2026
DataAggregated Company Financials
Companies269
  • 7D4.0%
  • 3M13.3%
  • 1Y12.5%
  • YTD11.7%

The Real Estate industry is up 4.0% in the last week, with Welltower up 10%. This takes the industry's 12 month performance to a gain of 13%. As for the next few years, earnings are expected to grow by 8.3% per annum.

Sector Valuation and Performance

Has the U.S. Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Jun 2026US$1.7tUS$337.8bUS$38.7b30.9x43.2x4.9x
Mon, 25 May 2026US$1.6tUS$339.0bUS$38.9b29.5x42.3x4.9x
Wed, 22 Apr 2026US$1.6tUS$332.1bUS$34.9b28.1x47.1x5x
Fri, 20 Mar 2026US$1.6tUS$334.0bUS$35.2b27.4x44.1x4.7x
Sun, 15 Feb 2026US$1.6tUS$335.0bUS$34.6b30.6x46.6x4.8x
Tue, 13 Jan 2026US$1.5tUS$333.2bUS$32.5b29.2x46.9x4.6x
Thu, 11 Dec 2025US$1.5tUS$338.2bUS$32.8b29.1x46.3x4.5x
Sat, 08 Nov 2025US$1.5tUS$338.6bUS$33.0b28.6x45.9x4.5x
Mon, 06 Oct 2025US$1.6tUS$331.8bUS$31.0b28.6x50.3x4.7x
Wed, 03 Sep 2025US$1.5tUS$331.6bUS$30.9b29.3x50.1x4.7x
Fri, 01 Aug 2025US$1.5tUS$329.7bUS$30.2b29.3x50x4.6x
Sun, 29 Jun 2025US$1.4tUS$326.1bUS$29.7b29.6x48.5x4.4x
Tue, 27 May 2025US$1.5tUS$326.6bUS$29.8b27.4x49x4.5x
Thu, 24 Apr 2025US$1.5tUS$321.6bUS$28.6b30.1x50.9x4.5x
Sat, 22 Mar 2025US$1.5tUS$321.4bUS$29.0b31.5x52.6x4.7x
Mon, 17 Feb 2025US$1.6tUS$323.1bUS$28.0b32.4x56.4x4.9x
Wed, 15 Jan 2025US$1.5tUS$319.9bUS$27.4b30.6x54.5x4.7x
Fri, 13 Dec 2024US$1.6tUS$320.0bUS$27.4b33.7x58.6x5x
Sun, 10 Nov 2024US$1.6tUS$319.6bUS$27.3b34.9x59.9x5.1x
Tue, 08 Oct 2024US$1.6tUS$314.8bUS$26.7b33.2x60.7x5.1x
Thu, 05 Sep 2024US$1.6tUS$314.7bUS$27.1b34.1x58.9x5.1x
Sat, 03 Aug 2024US$1.5tUS$312.9bUS$27.0b33x56.9x4.9x
Mon, 01 Jul 2024US$1.4tUS$305.7bUS$27.1b31x51.5x4.6x
Wed, 29 May 2024US$1.4tUS$306.4bUS$27.6b30.3x49.5x4.5x
Fri, 26 Apr 2024US$1.3tUS$307.0bUS$28.1b29.3x47.3x4.3x
Sun, 24 Mar 2024US$1.4tUS$306.1bUS$28.0b30.6x49.9x4.6x
Tue, 20 Feb 2024US$1.4tUS$306.0bUS$27.8b30x50.3x4.6x
Thu, 18 Jan 2024US$1.5tUS$322.8bUS$26.7b30.4x54.7x4.5x
Sat, 16 Dec 2023US$1.5tUS$323.1bUS$26.5b30.9x56.7x4.7x
Mon, 13 Nov 2023US$1.3tUS$323.9bUS$26.5b27.8x49.2x4x
Wed, 11 Oct 2023US$1.3tUS$325.2bUS$31.5b26.5x41.3x4x
Fri, 08 Sep 2023US$1.4tUS$323.9bUS$31.7b29x44.1x4.3x
Sun, 06 Aug 2023US$1.4tUS$323.6bUS$32.4b29.4x43.5x4.4x
Tue, 04 Jul 2023US$1.5tUS$325.0bUS$34.4b24.8x43.2x4.6x
Price to Earnings Ratio

43.2x


Total Market Cap: US$1.5tTotal Earnings: US$34.4bTotal Revenue: US$325.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Real Estate Sector Price to Earnings3Y Average 50.2x202420252026
Current Industry PE
  • Investors are pessimistic on the American Real Estate 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 43.2x which is lower than its 3-year average PE of 50.2x.
  • The industry is trading close to its 3-year average PS ratio of 4.6x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 4.0% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

US Market-2.65%
Real Estate4.05%
Health Care REITs9.21%
Residential REITs6.22%
Retail REITs5.95%
REITS3.58%
Real Estate2.44%
Hotel and Resort REITs1.90%
Specialized REITs1.68%
Industrial REITs1.18%
Office REITs-0.99%
Industry PE
  • Investors are most optimistic about the Health Care REITs industry even though it's trading below its 3-year average PE ratio of 347x.
    • Analysts are expecting annual earnings growth of 25.1%, which is higher than its past year's earnings growth of 20.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings decline of 0.6% per year.
  • In contrast, the Residential REITs industry is expected to see its earnings decline by 7.4% 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
WELL WelltowerUS$227.3310.0%
+US$14.6b		49.4%PB3.7x
SPG Simon Property GroupUS$226.897.4%
+US$5.0b		41.4%PB15.3x
VTR VentasUS$89.059.1%
+US$3.6b		41.6%PB3.3x
O Realty IncomeUS$63.124.8%
+US$2.7b		10.7%PB1.5x
AVB AvalonBay CommunitiesUS$190.127.2%
+US$1.8b		-7.0%PB2.3x

Latest News

DLR
US$193.00
Digital Realty Trust
7D
2.6%
1Y
12.6%
AVB
US$190.12
AvalonBay Communities
7D
7.2%
1Y
-7.0%
CBRE
US$137.40
CBRE Group
7D
4.4%
1Y
-1.4%
OPEN
US$4.37
Opendoor Technologies
7D
-2.2%
1Y
682.6%
ZG
US$31.18
Zillow Group
7D
-4.0%
1Y
-54.3%
SBAC
US$183.76
SBA Communications
7D
-1.7%
1Y
-20.4%
EQIX
US$1,091.30
Equinix
7D
-0.08%
1Y
39.0%
Seeking Alpha • Jun 24

Equinix Says AI Is Not Dead, Further Consolidation Likely

Summary Equinix, Inc.'s growing CapEx, record backlog, and rising recurring revenue per cabinet highlight durable AI monetization prospects and underscore the raised FY2026 guidance. This is significantly aided by their ability to deliver expanding capacity within metropolitan areas while reporting an extremely healthy balance sheet and minimal equity dilution. Otherwise, it goes without saying that Equinix's YTD rally has been overly done, given the underwhelming dividend yields and the mixed FY2029 growth guidance. The stock trades at expensive Price/AFFO of 25.35x versus peers/historical levels, with the slower projected AFFO per share growth at a 4Y CAGR of +6.8% making its premium less compelling. Combined with the overbought technicals and the ongoing consolidation since April 2026, Equinix remains a Hold here. Read the full article on Seeking Alpha
AMT
US$175.59
American Tower
7D
-0.3%
1Y
-19.4%
VTR
US$89.05
Ventas
7D
9.1%
1Y
41.6%
WELL
US$227.33
Welltower
7D
10.0%
1Y
49.4%
PLD
US$139.97
Prologis
7D
-0.4%
1Y
32.5%
O
US$63.12
Realty Income
7D
4.8%
1Y
10.7%
SPG
US$226.89
Simon Property Group
7D
7.4%
1Y
41.4%
Seeking Alpha • Jun 22

Simon Property Group: Looks Priced To Perfection With No Margin Of Safety

Summary Simon Property Group delivered robust Q1 results, raising full-year FFO guidance and demonstrating strong leasing and portfolio growth. SPG's balance sheet remains a core strength, with A credit rating, low leverage at 5.0x, and high fixed-rate debt, supporting future flexibility. The current valuation at 16.01x forward P/FFO appears fully priced, limiting near-term upside and exposing shares to downside risk amid macro uncertainty. I recommend waiting for a 15-20% pullback, ideally below $180, to achieve a margin of safety before adding to or initiating a position. Read the full article on Seeking Alpha
EQR
US$68.38
Equity Residential
7D
6.7%
1Y
1.5%
BEKE
US$14.26
KE Holdings
7D
-4.4%
1Y
-23.1%
Narrative Update • Jun 19

BEKE: Q1 Earnings Beat And Aggressive Buybacks Will Test Premium Multiple

The analyst price target for KE Holdings has been revised higher by $2.76 to reflect updated fair value assumptions, slightly lower discount rates, and analyst expectations for less revenue decline, stronger profit margins, and a modestly higher future P/E multiple following recent Q1-driven model updates. Analyst Commentary on KE Holdings Recent Street research on KE Holdings highlights a mix of optimism around the updated Q1 model work and some lingering caution that readers should factor into their own views on valuation and execution risk.
HBNB
US$5.02
Hotel101 Global Holdings
7D
-6.7%
1Y
-53.1%
Narrative Update • May 20

Hotel101-Madrid Hits 100% Occupancy, Generates Record €100,000+ Single-Day Revenue, 334% Upside Intact

Hotel101 Global Holdings (Nasdaq: HBNB) announced on May 19, 2026 that its 680-room Hotel101-Madrid generated more than €100,000 (approximately US$116,000) in recurring room revenues in a single day at 100% occupancy. The result is significant because Hotel101-Madrid is the company’s first operating property outside the Philippines and serves as the global prototype for its international expansion strategy.