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U.S. Real Estate Sector Analysis

UpdatedApr 15, 2026
DataAggregated Company Financials
Companies278
  • 7D4.0%
  • 3M3.0%
  • 1Y9.9%
  • YTD5.8%

The Real Estate industry is up 4.0% in the last week, with Welltower up 3.2%. This means that the industry has gained 9.9% over the past year. Looking forward, earnings are forecast to grow by 9.2% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 16 Apr 2026US$1.6tUS$334.7bUS$34.7b27.7x46.4x4.8x
Sat, 14 Mar 2026US$1.6tUS$335.3bUS$35.3b27.9x44.2x4.7x
Mon, 09 Feb 2026US$1.6tUS$333.2bUS$34.1b29.7x46.3x4.7x
Wed, 07 Jan 2026US$1.5tUS$339.2bUS$32.2b29.4x46.9x4.5x
Fri, 05 Dec 2025US$1.5tUS$338.2bUS$32.8b29.1x47x4.6x
Sun, 02 Nov 2025US$1.5tUS$336.9bUS$31.9b27.2x47.6x4.5x
Tue, 30 Sep 2025US$1.5tUS$331.7bUS$30.9b28.5x49.8x4.6x
Thu, 28 Aug 2025US$1.5tUS$331.5bUS$30.9b29.8x49.9x4.7x
Sat, 26 Jul 2025US$1.5tUS$326.4bUS$30.1b30.3x50.7x4.7x
Mon, 23 Jun 2025US$1.5tUS$326.1bUS$29.8b29.9x50.1x4.6x
Wed, 21 May 2025US$1.5tUS$326.5bUS$29.8b28.4x50.9x4.6x
Fri, 18 Apr 2025US$1.4tUS$321.6bUS$28.7b29.9x50.1x4.5x
Sun, 16 Mar 2025US$1.5tUS$319.9bUS$28.8b31.3x52.5x4.7x
Tue, 11 Feb 2025US$1.6tUS$320.7bUS$28.1b31.7x55.9x4.9x
Thu, 09 Jan 2025US$1.5tUS$320.0bUS$27.4b30.7x54.7x4.7x
Sat, 07 Dec 2024US$1.6tUS$320.0bUS$27.4b34.4x59.5x5.1x
Mon, 04 Nov 2024US$1.6tUS$317.5bUS$26.9b33.7x59.1x5x
Wed, 02 Oct 2024US$1.7tUS$315.7bUS$27.2b34.1x61x5.2x
Fri, 30 Aug 2024US$1.6tUS$314.7bUS$27.1b34x58.6x5x
Sun, 28 Jul 2024US$1.5tUS$311.7bUS$26.7b32.7x56.4x4.8x
Tue, 25 Jun 2024US$1.4tUS$306.5bUS$27.7b30.7x50.2x4.5x
Thu, 23 May 2024US$1.4tUS$306.9bUS$27.9b30.4x50.4x4.6x
Sat, 20 Apr 2024US$1.3tUS$306.6bUS$28.0b29x46.7x4.3x
Mon, 18 Mar 2024US$1.4tUS$306.1bUS$28.2b29.2x49.7x4.6x
Wed, 14 Feb 2024US$1.4tUS$306.5bUS$26.6b29.9x51x4.4x
Fri, 12 Jan 2024US$1.5tUS$323.0bUS$26.6b30.7x56.3x4.6x
Sun, 10 Dec 2023US$1.4tUS$323.1bUS$26.5b29.7x52.7x4.3x
Tue, 07 Nov 2023US$1.3tUS$323.9bUS$28.0b27.5x47.5x4.1x
Thu, 05 Oct 2023US$1.3tUS$325.2bUS$31.5b26.4x41.1x4x
Sat, 02 Sep 2023US$1.4tUS$319.6bUS$27.6b29.2x49.3x4.3x
Mon, 31 Jul 2023US$1.4tUS$326.3bUS$34.3b27.4x41.7x4.4x
Wed, 28 Jun 2023US$1.4tUS$322.8bUS$34.0b23.9x41.6x4.4x
Fri, 26 May 2023US$1.3tUS$314.8bUS$35.5b22.9x36.2x4.1x
Sun, 23 Apr 2023US$1.3tUS$316.8bUS$36.9b24.4x36.4x4.2x
Price to Earnings Ratio

36.4x


Total Market Cap: US$1.3tTotal Earnings: US$36.9bTotal Revenue: US$316.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Real Estate Sector Price to Earnings3Y Average 49.8x202420252026
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 46.0x which is lower than its 3-year average PE of 49.8x.
  • 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 declined 2.1% 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 sector?

US Market4.44%
Real Estate3.99%
Hotel and Resort REITs8.17%
Office REITs5.48%
Specialized REITs4.89%
Industrial REITs4.28%
Retail REITs4.09%
Health Care REITs3.51%
Real Estate2.94%
REITS2.15%
Residential REITs2.01%
Industry PE
  • Investors are most optimistic about the Health Care REITs industry which is trading above its 3-year average PE ratio of 336x.
    • Analysts are expecting annual earnings growth of 28.8%, which is higher than its past year's earnings growth of 12.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Health Care REITs industry, expecting annual earnings growth of 29% over the next 5 years.
  • This is better than its past earnings growth rate of 13% per year.
  • In contrast, the Office REITs industry is expected to see its earnings decline by 16% 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$211.333.2%
+US$6.1b		45.1%PB3.5x
EQIX EquinixUS$1.05k3.5%
+US$3.5b		35.2%PB7.3x
DLR Digital Realty TrustUS$195.695.4%
+US$3.5b		32.1%PB3x
SPG Simon Property GroupUS$201.613.9%
+US$2.5b		36.2%PB12.7x
PLD PrologisUS$139.771.7%
+US$2.2b		39.4%PB2.5x

Latest News

RYN
US$20.82
Rayonier
7D
-2.1%
1Y
-16.9%
EQIX
US$1,052.98
Equinix
7D
3.5%
1Y
35.2%
SBAC
US$214.20
SBA Communications
7D
-2.1%
1Y
-5.1%
SPG
US$201.61
Simon Property Group
7D
3.9%
1Y
36.2%
WELL
US$211.33
Welltower
7D
3.2%
1Y
45.1%

WELL: Data Partnership And Higher Margins Will Support Future Upside Potential

Analysts now see Welltower's fair value at $260.00, compared with $251.51 previously. This reflects their updated views on growth, margins, discount rate and future P/E assumptions.
PSA
US$299.83
Public Storage
7D
3.4%
1Y
3.7%
WY
US$24.21
Weyerhaeuser
7D
-2.8%
1Y
-5.4%

WY: Engineered Flooring Systems And Share Buybacks Will Support Long-Term Upside

Analysts have slightly adjusted their fair value estimate for Weyerhaeuser to about $31.73 per share, a small change that reflects modest tweaks to discount rate, revenue growth, profit margin, and forward P/E assumptions rather than a major shift in the story. What's in the News Previewed Trus Joist ProPanel engineered floor panels at the International Builders' Show in Orlando, featuring enhanced moisture resistance, a fully sanded surface and self draining DownPore technology, aimed at giving builders more versatile flooring options (Key Developments).
IRM
US$113.55
Iron Mountain
7D
6.2%
1Y
37.4%
COMP
US$7.28
Compass
7D
-2.2%
1Y
-4.1%

COMP: Anywhere Integration And Housing Reset Will Drive Execution And Risk Balance

Analysts have trimmed Compass's blended price target by about $0.32 to roughly $13.58. This reflects a mix of recent target cuts and raises as they factor in updated growth, profitability and valuation assumptions.
UDR
US$34.86
UDR
7D
-0.5%
1Y
-14.7%
MAA
US$124.19
Mid-America Apartment Communities
7D
-1.5%
1Y
-19.3%

MAA: Sunbelt Supply Easing And 2026 Fundamentals Will Support Upside

Analysts have trimmed their average price targets on Mid-America Apartment Communities by a few dollars, reflecting slightly higher discount rates, marginally softer assumed revenue growth and profit margins, as well as updated sector views around supply, occupancy and the timing of a recovery in apartment fundamentals. Analyst Commentary Recent Street research on Mid-America Apartment Communities highlights a mix of optimism around long term fundamentals and caution around near term earnings pressure, with several firms adjusting their models and price targets to reflect updated views on supply, demand and macro assumptions.
PLD
US$139.77
Prologis
7D
1.7%
1Y
39.4%

PLD: Fair Outlook Sees Cycle Turn Meeting Premium Industrial REIT Expectations

Analysts have nudged Prologis' price targets higher into a roughly $130 to $153 range, reflecting a generally constructive view on industrial REIT fundamentals, including expectations for stable occupancy and steady cash same store net operating income. Analyst Commentary Recent Street research on Prologis points to a mix of optimism around industrial REIT fundamentals and valuation, balanced by some caution on how much upside is already reflected in the share price.
CBRE
US$147.48
CBRE Group
7D
3.5%
1Y
25.8%
CPT
US$101.38
Camden Property Trust
7D
-0.9%
1Y
-8.0%

CPT: 2026 Buybacks And Apartment Supply Trends Will Support Future Upside

Analysts have nudged their price targets on Camden Property Trust slightly lower, with a cluster of revisions in the $113 to $120 range, tied to updated earnings models, refreshed 2026 outlooks for U.S. multifamily REITs, and sector wide estimate changes. Analyst Commentary Recent research paints a mixed picture for Camden Property Trust, with price targets now clustering between $108 and $120 and ratings largely sitting in the middle of the scale.
DLR
US$195.69
Digital Realty Trust
7D
5.4%
1Y
32.1%

DLR: AI Demand And European Expansion Will Support A Balanced Outlook

Analysts have nudged the price target for Digital Realty Trust slightly higher to $198.55 from $198.38, reflecting updated assumptions around revenue growth, profit margins and future P/E that are being supported by recent positive coverage initiations and target revisions across several research firms. Analyst Commentary Recent research updates on Digital Realty Trust present a mixed picture, with some firms highlighting growth opportunities in AI and interconnection, while others flag potential constraints around development pace, leasing and macro risks.
HBNB
US$6.00
Hotel101 Global Holdings
7D
-18.6%
1Y
-44.1%

Hotel101 Global: A Scalable Hospitality Platform Built to Compound

Exceptional investments are often hiding behind familiar labels. Hotel101 Global Holdings may appear, at first glance, to be just another hotel company.