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U.S. Real Estate Sector Analysis

UpdatedAug 13, 2026
DataAggregated Company Financials
Companies269
  • 7D-1.7%
  • 3M2.8%
  • 1Y9.3%
  • YTD9.9%

Over the last 7 days, the Real Estate industry has dropped 1.7%, driven by Welltower declining 2.9%. Over the past 12 months, the industry was up 9.3%. As for the next few years, earnings are expected to grow by 9.3% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 13 Aug 2026US$1.7tUS$348.7bUS$38.0b28.2x43.9x4.8x
Sat, 11 Jul 2026US$1.7tUS$337.4bUS$38.7b30.3x43.2x5x
Mon, 08 Jun 2026US$1.6tUS$338.8bUS$38.9b29.7x42.3x4.9x
Wed, 06 May 2026US$1.6tUS$340.3bUS$37.2b28.4x43.7x4.8x
Fri, 03 Apr 2026US$1.5tUS$334.0bUS$34.7b27.3x43.8x4.5x
Sun, 01 Mar 2026US$1.6tUS$335.5bUS$35.0b29.1x46.2x4.8x
Tue, 27 Jan 2026US$1.5tUS$333.4bUS$32.6b28.9x47.3x4.6x
Thu, 25 Dec 2025US$1.5tUS$339.1bUS$32.2b29x47.3x4.5x
Sat, 22 Nov 2025US$1.5tUS$338.1bUS$32.8b29x45.8x4.4x
Mon, 20 Oct 2025US$1.5tUS$332.0bUS$30.8b29x50.3x4.7x
Wed, 17 Sep 2025US$1.6tUS$331.7bUS$30.9b29.1x50.4x4.7x
Fri, 15 Aug 2025US$1.5tUS$331.3bUS$31.1b28.5x48.5x4.5x
Sun, 13 Jul 2025US$1.5tUS$325.8bUS$29.9b30.2x48.9x4.5x
Tue, 10 Jun 2025US$1.5tUS$326.3bUS$29.9b30x50.3x4.6x
Thu, 08 May 2025US$1.5tUS$324.8bUS$29.7b29.1x50.1x4.6x
Sat, 05 Apr 2025US$1.5tUS$321.6bUS$28.7b28.8x51.6x4.6x
Mon, 03 Mar 2025US$1.6tUS$325.4bUS$30.1b32.5x54x5x
Wed, 29 Jan 2025US$1.6tUS$320.5bUS$28.2b31.8x55.7x4.9x
Fri, 27 Dec 2024US$1.5tUS$320.0bUS$27.4b32.2x56x4.8x
Sun, 24 Nov 2024US$1.6tUS$320.0bUS$27.4b34.8x59.9x5.1x
Tue, 22 Oct 2024US$1.7tUS$314.7bUS$27.0b34x61.2x5.2x
Thu, 19 Sep 2024US$1.6tUS$315.5bUS$27.2b33.7x60.7x5.2x
Sat, 17 Aug 2024US$1.5tUS$314.6bUS$27.3b32.5x56.4x4.9x
Mon, 15 Jul 2024US$1.5tUS$305.7bUS$27.1b32x53.6x4.8x
Wed, 12 Jun 2024US$1.4tUS$306.4bUS$27.7b30.3x49.9x4.5x
Fri, 10 May 2024US$1.4tUS$308.2bUS$27.9b30.9x48.8x4.4x
Sun, 07 Apr 2024US$1.4tUS$306.7bUS$27.8b30x50.1x4.5x
Tue, 05 Mar 2024US$1.4tUS$305.5bUS$28.3b29.2x50.7x4.7x
Thu, 01 Feb 2024US$1.5tUS$323.5bUS$26.8b29.9x54.4x4.5x
Sat, 30 Dec 2023US$1.5tUS$323.1bUS$26.6b30.9x57.6x4.7x
Mon, 27 Nov 2023US$1.4tUS$323.0bUS$26.5b28.5x51.8x4.2x
Wed, 25 Oct 2023US$1.3tUS$325.3bUS$31.0b25.4x40.5x3.9x
Fri, 22 Sep 2023US$1.3tUS$325.2bUS$31.5b27.4x42.3x4.1x
Sun, 20 Aug 2023US$1.4tUS$323.2bUS$31.2b28.7x44x4.2x
Price to Earnings Ratio

44x


Total Market Cap: US$1.4tTotal Earnings: US$31.2bTotal Revenue: US$323.2bTotal 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 43.9x 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 4.7x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 6.8% per year over the last three years.
  • Revenues for these companies have grown 2.6% 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 sector?

US Market1.02%
Real Estate-1.74%
Specialized REITs0.017%
Industrial REITs-0.07%
REITS-1.31%
Real Estate-1.52%
Retail REITs-2.07%
Office REITs-2.36%
Residential REITs-3.03%
Health Care REITs-3.76%
Hotel and Resort REITs-6.41%
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 349x.
    • Analysts are expecting annual earnings growth of 18.6%, which is lower than the prior year's growth of 42.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings decline of 6.9% per year.
  • In contrast, the Residential REITs industry is expected to see its earnings decline by 8.0% 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$1.07k1.2%
+US$1.3b		36.4%PB7.3x
AMT American TowerUS$170.431.4%
+US$1.1b		-16.5%PB21.3x
FRMI FermiUS$7.6022.8%
+US$899.7m		n/aPB4.5x
DLR Digital Realty TrustUS$197.061.1%
+US$788.2m		16.9%PB2.7x
AHR American Healthcare REITUS$52.59-5.2%
US$768.5m		29.4%PB3.1x

Latest News

SPG
US$220.56
Simon Property Group
7D
-1.9%
1Y
27.8%
AHR
US$52.59
American Healthcare REIT
7D
-5.2%
1Y
29.4%
RHP
US$123.99
Ryman Hospitality Properties
7D
-2.8%
1Y
27.2%
EQR
US$64.42
Equity Residential
7D
-4.9%
1Y
0.7%
Seeking Alpha • Aug 12

Equity Residential: Improving Rental Dynamics Are Largely Priced In

Summary Equity Residential remains a "Hold" as muted rent growth and elevated rates cap upside, despite a secure 4.3% yield. EQR's geographic tilt toward legacy markets like San Francisco and New York supports resilience and positions for accelerating rent growth into 2025-2027. The upcoming AvalonBay merger will make EQR the sector leader, but expected synergies are limited and integration risks persist. EQR's strong balance sheet, low leverage, and stable dividend underpin its lower-beta, market-like long-term return profile. Read the full article on Seeking Alpha
FRMI
US$7.60
Fermi
7D
22.8%
1Y
n/a
BEKE
US$17.42
KE Holdings
7D
3.1%
1Y
-5.2%
HST
US$22.80
Host Hotels & Resorts
7D
-9.3%
1Y
41.6%
EQIX
US$1,069.17
Equinix
7D
1.2%
1Y
36.4%
SBAC
US$183.08
SBA Communications
7D
2.6%
1Y
-16.6%
WELL
US$230.27
Welltower
7D
-2.9%
1Y
41.2%
Narrative Update • Aug 05

WELL: Dividend Reliability And Equity Issuance Will Support Future Upside Potential

Analysts have raised their price target for Welltower from $280 to $292 after updating their models to reflect a different revenue growth outlook, a slightly adjusted discount rate, a revised profit margin assumption and a higher future P/E estimate. What’s in the News for Welltower Welltower completed a follow-on equity offering totaling about US$6.63b through at-the-market issuances of common stock at various share prices, including US$186.60, US$203.15, US$211.26 and US$233.16.
OHI
US$45.87
Omega Healthcare Investors
7D
-5.8%
1Y
13.5%
Narrative Update • Aug 04

OHI: Tenant Credit Improvements And Dividend Reset Are Expected To Shape Returns

Omega Healthcare Investors' updated analyst price target moves modestly higher to $51.94 as analysts weigh mixed sector views, refined valuation models, and tenant credit trends across recent research. Analyst Commentary Recent research on Omega Healthcare Investors shows a split view on the stock, with price targets ranging from US$46 to US$54 and ratings spread across Buy, Outperform, Hold, Sector Perform, Underperform, and Underweight.
AMT
US$170.43
American Tower
7D
1.4%
1Y
-16.5%
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
AVB
US$179.79
AvalonBay Communities
7D
-5.2%
1Y
-5.9%
VTR
US$89.01
Ventas
7D
-3.8%
1Y
30.9%
Narrative Update • Aug 01

VTR: Index Additions And Earnings Outlook Will Support Steady 2026 Position

Analysts have lifted their implied fair value estimate for Ventas from about $96.80 to roughly $99.05, reflecting updated assumptions that combine slightly stronger revenue growth expectations with a lower profit margin outlook and a higher future P/E multiple. What’s in the News for Ventas Ventas revised its full year 2026 attributable net income per share guidance to a range of $0.58 to $0.63, with a midpoint of $0.61.
CBRE
US$147.40
CBRE Group
7D
-2.5%
1Y
-7.7%
Narrative Update • Jul 31

CBRE: AI Fears Will Be Tempered By Data Centers And Leasing Strength

Analysts have lifted the CBRE Group fair value estimate from $144.94 to $151.87, reflecting updated assumptions for higher revenue growth, a slightly lower discount rate, and a more conservative future P/E multiple. Analyst Commentary Recent Street research on CBRE Group points to a mix of optimism and caution, with several firms adjusting price targets and refining views on how risks such as AI disruption and investor sentiment could influence the stock's valuation.
DLR
US$197.06
Digital Realty Trust
7D
1.1%
1Y
16.9%