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U.S. Real Estate Sector Analysis

UpdatedMay 26, 2026
DataAggregated Company Financials
Companies275
  • 7D1.7%
  • 3M1.4%
  • 1Y11.6%
  • YTD8.5%

Prologis is up 2.5%, leading the way for the Real Estate industry, which has gained 1.8%. In the same time, KE Holdings was down 7.9%. This means that the industry has gained 12% over the past year. As for the next few years, earnings are expected to grow by 7.8% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 26 May 2026US$1.6tUS$339.0bUS$38.9b29.5x42.3x4.9x
Thu, 23 Apr 2026US$1.6tUS$335.2bUS$34.7b27.5x47x4.9x
Sat, 21 Mar 2026US$1.5tUS$334.0bUS$35.2b27.2x43.9x4.6x
Mon, 16 Feb 2026US$1.6tUS$335.0bUS$34.6b30.6x46.6x4.8x
Wed, 14 Jan 2026US$1.5tUS$333.2bUS$32.5b29.1x47x4.6x
Fri, 12 Dec 2025US$1.5tUS$338.2bUS$32.8b29.6x46.4x4.5x
Sun, 09 Nov 2025US$1.5tUS$338.2bUS$32.9b28.4x46.7x4.5x
Tue, 07 Oct 2025US$1.6tUS$331.8bUS$31.0b28.4x50.3x4.7x
Thu, 04 Sep 2025US$1.5tUS$331.5bUS$30.9b29.6x49.3x4.6x
Sat, 02 Aug 2025US$1.5tUS$329.9bUS$30.1b28.9x49.5x4.5x
Mon, 30 Jun 2025US$1.4tUS$326.1bUS$29.7b29.6x48.5x4.4x
Wed, 28 May 2025US$1.5tUS$326.6bUS$29.8b28.1x49x4.5x
Fri, 25 Apr 2025US$1.5tUS$321.6bUS$28.6b29.3x51x4.5x
Sun, 23 Mar 2025US$1.5tUS$321.4bUS$29.0b31.5x52x4.7x
Tue, 18 Feb 2025US$1.6tUS$323.1bUS$28.0b32.4x56.4x4.9x
Thu, 16 Jan 2025US$1.5tUS$320.0bUS$27.4b30.9x54.6x4.7x
Sat, 14 Dec 2024US$1.6tUS$320.0bUS$27.4b33.8x58.5x5x
Mon, 11 Nov 2024US$1.6tUS$319.6bUS$27.3b34.9x59.9x5.1x
Wed, 09 Oct 2024US$1.6tUS$314.7bUS$26.7b33x60.1x5.1x
Fri, 06 Sep 2024US$1.6tUS$314.8bUS$27.1b34.4x59.1x5.1x
Sun, 04 Aug 2024US$1.5tUS$312.9bUS$27.0b33x56.9x4.9x
Tue, 02 Jul 2024US$1.4tUS$305.7bUS$27.1b30.8x51.5x4.6x
Thu, 30 May 2024US$1.4tUS$306.4bUS$27.6b29.5x49.2x4.4x
Sat, 27 Apr 2024US$1.3tUS$307.1bUS$28.0b29.1x47.6x4.3x
Mon, 25 Mar 2024US$1.4tUS$306.1bUS$28.0b30.6x49.9x4.6x
Wed, 21 Feb 2024US$1.4tUS$306.0bUS$27.8b29.8x50.1x4.5x
Fri, 19 Jan 2024US$1.4tUS$323.1bUS$26.7b30.4x54.4x4.5x
Sun, 17 Dec 2023US$1.5tUS$323.1bUS$26.5b30.9x56.7x4.7x
Tue, 14 Nov 2023US$1.3tUS$323.0bUS$26.5b26.9x48.8x4x
Thu, 12 Oct 2023US$1.3tUS$325.2bUS$31.5b26.9x42x4.1x
Sat, 09 Sep 2023US$1.4tUS$323.9bUS$31.7b28.5x44.1x4.3x
Mon, 07 Aug 2023US$1.4tUS$323.7bUS$32.4b29.4x43.5x4.4x
Wed, 05 Jul 2023US$1.5tUS$325.1bUS$34.4b24.8x43.1x4.6x
Fri, 02 Jun 2023US$1.3tUS$314.7bUS$35.5b23.3x36.9x4.2x
Price to Earnings Ratio

36.9x


Total Market Cap: US$1.3tTotal Earnings: US$35.5bTotal Revenue: US$314.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Real Estate Sector Price to Earnings3Y Average 50.1x202420252026
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 42.3x which is lower than its 3-year average PE of 50.1x.
  • 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 3.1% per year over the last three years.
  • Revenues for these companies have grown 2.5% 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 Market1.21%
Real Estate1.66%
Hotel and Resort REITs2.65%
Industrial REITs2.41%
Specialized REITs2.29%
Residential REITs1.82%
Retail REITs1.68%
REITS1.19%
Health Care REITs1.01%
Office REITs0.55%
Real Estate-0.18%
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 346x.
    • Analysts are expecting annual earnings growth of 24.0%, 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 7.0% 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
PLD PrologisUS$145.902.4%
+US$3.2b		36.8%PB2.5x
EQIX EquinixUS$1.08k3.0%
+US$3.1b		23.1%PB7.4x
DLR Digital Realty TrustUS$192.033.1%
+US$2.0b		12.5%PB3x
PSA Public StorageUS$305.252.6%
+US$1.4b		1.7%PB11x
SPG Simon Property GroupUS$204.411.8%
+US$1.2b		27.6%PB13.8x

Latest News

BEKE
US$16.40
KE Holdings
7D
-12.4%
1Y
-10.6%
SUI
US$127.75
Sun Communities
7D
4.8%
1Y
4.5%
EQIX
US$1,079.79
Equinix
7D
3.0%
1Y
23.1%
CCI
US$91.46
Crown Castle
7D
-1.0%
1Y
-9.0%
WELL
US$216.17
Welltower
7D
-0.8%
1Y
41.8%
OHI
US$47.90
Omega Healthcare Investors
7D
-1.7%
1Y
30.0%
AHR
US$50.19
American Healthcare REIT
7D
-1.2%
1Y
43.5%
IRM
US$126.46
Iron Mountain
7D
2.4%
1Y
30.0%
Narrative Update • May 22

IRM: Raised Guidance And P/E Assumptions Will Shape Forward Compounding Potential

Analysts have raised the Iron Mountain price target to $131.55 from $122.73 as they incorporate recent target increases from several firms and modest adjustments to assumptions for growth, profitability, and future P/E. Analyst Commentary Recent research on Iron Mountain has centered on how higher price targets line up with expectations for execution, growth, and the valuation investors are being asked to pay.
PLD
US$145.90
Prologis
7D
2.4%
1Y
36.8%
DLR
US$192.03
Digital Realty Trust
7D
3.1%
1Y
12.5%
CBRE
US$131.07
CBRE Group
7D
2.3%
1Y
5.8%
Narrative Update • May 19

CBRE: Future Returns Will Reflect Limited AI Disruption And Aggressive Share Repurchases

Analysts trimmed their fair value estimate for CBRE Group by about $3 to $178.33, reflecting a lower future P/E assumption of roughly 22.8x, even as they factor in slightly higher revenue growth and profit margin potential and point to recent research that plays down AI disruption risks to the commercial real estate services model. Analyst Commentary Recent research around CBRE Group centers on how AI, sentiment swings and changing return expectations are feeding into valuation work and risk assessments.
SBRA
US$20.72
Sabra Health Care REIT
7D
-1.4%
1Y
17.7%
Seeking Alpha • May 17

Sabra Health Care REIT A Buy, As Q1 Results Show Portfolio Growth

Summary Sabra Health Care REIT is rated a buy, reflecting portfolio growth, reasonable valuation, and robust geographic diversification. SBRA demonstrates strong revenue and NOI growth but faces declining EBITDA margins and flat long-term dividend growth, tempering its income appeal. The REIT maintains an investment-grade balance sheet, modest debt-to-equity, low operator concentration, and adequate AFFO dividend coverage with a 5.6% yield. Technical momentum remains bullish, with an +8% upside forecast by 2027, though sector risks include rising labor costs and potential shifts toward home healthcare. Read the full article on Seeking Alpha
SBAC
US$205.57
SBA Communications
7D
-0.9%
1Y
-11.0%
VTR
US$88.18
Ventas
7D
-0.2%
1Y
35.6%
PSA
US$305.25
Public Storage
7D
2.6%
1Y
1.7%
SPG
US$204.41
Simon Property Group
7D
1.8%
1Y
27.6%