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U.S. Real Estate Sector Analysis

UpdatedAug 26, 2026
DataAggregated Company Financials
Companies271
  • 7D1.7%
  • 3M3.3%
  • 1Y9.4%
  • YTD12.2%

In the last week, the Real Estate industry is up 1.1%, with Welltower up 2.4%. In the last 12 months, the industry was up 9.1%. Earnings are forecast to grow by 9.6% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 26 Aug 2026US$1.7tUS$345.3bUS$37.3b28.6x46x5x
Fri, 24 Jul 2026US$1.7tUS$336.9bUS$39.0b29.9x43.6x5x
Sun, 21 Jun 2026US$1.6tUS$337.4bUS$39.0b29.3x41.6x4.8x
Tue, 19 May 2026US$1.6tUS$339.7bUS$38.9b29.3x41.2x4.7x
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
Price to Earnings Ratio

49.3x


Total Market Cap: US$1.4tTotal Earnings: US$27.6bTotal Revenue: US$319.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Real Estate Sector Price to Earnings3Y Average 50.3x202420252026
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 45.8x which is lower than its 3-year average PE of 50.3x.
  • 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 10% 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 Market-0.31%
Real Estate1.72%
Office REITs5.29%
Real Estate3.44%
Health Care REITs2.97%
Residential REITs2.63%
Hotel and Resort REITs2.59%
Industrial REITs1.93%
REITS1.46%
Specialized REITs0.45%
Retail REITs-0.044%
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 348x.
    • Analysts are expecting annual earnings growth of 18.9%, 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 growth rate of 9.0% per year.
  • In contrast, the Residential REITs industry is expected to see its earnings decline by 6.1% 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
WELL WelltowerUS$241.152.4%
+US$4.1b		45.4%PB3.7x
PLD PrologisUS$143.332.4%
+US$3.2b		28.7%PB2.5x
AMT American TowerUS$178.573.6%
+US$2.9b		-13.9%PB22.4x
VTR VentasUS$93.832.9%
+US$1.3b		38.8%PB3.3x
BEKE KE HoldingsUS$18.016.8%
+US$1.3b		-3.1%PE29.3x

Latest News

ARE
US$52.90
Alexandria Real Estate Equities
7D
15.4%
1Y
-34.6%
EQIX
US$1,073.44
Equinix
7D
-1.1%
1Y
37.3%
Seeking Alpha • 16h

Equinix: Another Toll Booth On The AI Highway

Summary Equinix offers a neutral interconnection platform critical for AI infrastructure, benefiting from broad enterprise and hyperscaler demand. Q2 results featured 16% revenue growth, 18-19% AFFO per share growth, record interconnection adds, and the largest guidance raise in the company's history. Management now targets 11-12% revenue and 10-12% AFFO per share growth for 2026, with a long-term outlook through 2029 of 10-13% revenue growth. I rate EQIX a Buy, acknowledging high valuation and capex intensity, but see durable AI-driven demand justifying a starter position with potential to add. Read the full article on Seeking Alpha
DLR
US$192.32
Digital Realty Trust
7D
-1.5%
1Y
14.5%
JLL
US$392.79
Jones Lang LaSalle
7D
5.9%
1Y
28.6%
EXR
US$144.87
Extra Space Storage
7D
-1.4%
1Y
3.1%
BEKE
US$18.01
KE Holdings
7D
6.8%
1Y
-3.1%
Narrative Update • Aug 24

BEKE: Profit Resilience And Buybacks Will Support Future Re Rating Potential

Analysts have nudged their fair value estimate for KE Holdings higher, with the implied price target moving from about $22.82 to roughly $23.43 as they factor in updated views on resilient profitability and housing transaction trends reflected in recent research. Analyst Commentary Recent commentary on KE Holdings highlights a mix of optimism around profitability and platform scale, alongside caution linked to the broader housing market backdrop.
COMP
US$11.80
Compass
7D
-4.1%
1Y
26.1%
Narrative Update • Aug 24

COMP: Luxury Focus And Merger Synergies Will Drive Future Rebound Potential

Compass' analyst fair value estimate has shifted to $18.00 from $17.00 as analysts factor in higher expected merger synergies, a stronger luxury and affluent focus, and recent upside to revenue and margin assumptions reflected across multiple raised price targets, even as one firm moved to a Neutral stance on near term upside. Analyst Commentary Recent research on Compass shows a mix of caution and optimism, with several bullish analysts lifting their price targets after the latest quarterly update and merger progress.
IRM
US$120.90
Iron Mountain
7D
-4.6%
1Y
32.2%
Narrative Update • Aug 20

IRM: AI Data Infrastructure Demand Will Test High P E Optimism

Analysts have lifted the Iron Mountain price target from $74.89 to $140.00, citing updated assumptions that reflect higher modeled growth for communications infrastructure REITs, supported by ongoing hyperscale and enterprise AI demand. Analyst Commentary on Iron Mountain Recent Street research on Iron Mountain points to higher modeled growth assumptions for communications infrastructure REITs, with one major firm moving its price target to $143 from $127 and keeping a positive stance on the stock.
WELL
US$241.15
Welltower
7D
2.4%
1Y
45.4%
Narrative Update • Aug 19

WELL: Rich Multiple And Equity Issuance Will Pressure Future Returns

Analysts have adjusted their fair value estimate for Welltower to $210.69 from $202.13. This reflects updated views on discount rates, revenue growth, profit margins, and future P/E assumptions.
SPG
US$218.99
Simon Property Group
7D
-0.7%
1Y
23.8%
Narrative Update • Aug 18

SPG: Future Returns Will Balance Strong Leasing Wins With Full Pricing Risk

Simon Property Group's updated analyst price target edges higher to about $233 from $228, with analysts pointing to solid Q2 leasing trends, healthy retail fundamentals and refreshed operating assumptions that slightly offset more conservative revenue growth and discount rate inputs in the model. Analyst Commentary Recent research on Simon Property Group shows a mix of optimism about execution and fundamentals along with more cautious views on valuation and future return potential.
CBRE
US$151.74
CBRE Group
7D
3.0%
1Y
-7.1%
Narrative Update • Aug 14

CBRE: Future Returns Will Reflect AI Real Estate Recovery And Share Repurchases

Analysts have nudged the CBRE Group fair value estimate higher to $181.25 from $177.17, citing recent price target increases across the Street that reflect updated assumptions for revenue growth, margins, and future P/E expectations. Analyst Commentary Recent Street research on CBRE Group has skewed more positive, with several firms lifting price targets and only one trimming its valuation multiple earlier in the year.
PSA
US$322.67
Public Storage
7D
-0.1%
1Y
11.7%
PLD
US$143.33
Prologis
7D
2.4%
1Y
28.7%
KIM
US$24.06
Kimco Realty
7D
-0.7%
1Y
8.8%
AMT
US$178.57
American Tower
7D
3.6%
1Y
-13.9%
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
VTR
US$93.83
Ventas
7D
2.9%
1Y
38.8%
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.