Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Real Estate Sector Analysis

UpdatedJul 15, 2026
DataAggregated Company Financials
Companies268
  • 7D-1.1%
  • 3M4.0%
  • 1Y10.8%
  • YTD10.3%

Over the last 7 days, the Real Estate industry has dropped 1.1%, driven by CBRE Group declining 7.4%. Meanwhile, Iron Mountain actually outperformed within the industry, gaining 6.0% in the last week. This takes the industry's 12 month performance to a gain of 11%. Looking forward, earnings are forecast to grow by 8.2% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 15 Jul 2026US$1.7tUS$337.2bUS$38.7b30.3x43.4x5x
Fri, 12 Jun 2026US$1.7tUS$338.5bUS$38.7b29.9x42.9x4.9x
Sun, 10 May 2026US$1.6tUS$339.7bUS$39.0b29.3x42.1x4.8x
Tue, 07 Apr 2026US$1.5tUS$334.6bUS$34.6b27.4x44.4x4.6x
Thu, 05 Mar 2026US$1.6tUS$335.5bUS$35.2b28.9x46x4.8x
Sat, 31 Jan 2026US$1.5tUS$333.3bUS$31.7b29.1x48.7x4.6x
Mon, 29 Dec 2025US$1.5tUS$339.2bUS$32.2b29x47.3x4.5x
Wed, 26 Nov 2025US$1.5tUS$338.2bUS$32.8b29.3x46.8x4.5x
Fri, 24 Oct 2025US$1.6tUS$332.0bUS$31.0b29.2x50.4x4.7x
Sun, 21 Sep 2025US$1.5tUS$331.7bUS$30.9b29.2x49.8x4.6x
Tue, 19 Aug 2025US$1.5tUS$331.2bUS$30.9b28.6x48.6x4.5x
Thu, 17 Jul 2025US$1.5tUS$325.8bUS$29.9b30.5x49.8x4.6x
Sat, 14 Jun 2025US$1.5tUS$326.3bUS$29.9b29.2x50.6x4.6x
Mon, 12 May 2025US$1.5tUS$325.3bUS$29.8b28.8x50.1x4.6x
Wed, 09 Apr 2025US$1.4tUS$321.3bUS$28.7b27.2x47.9x4.3x
Fri, 07 Mar 2025US$1.6tUS$325.9bUS$30.0b32.5x54.4x5x
Sun, 02 Feb 2025US$1.5tUS$320.1bUS$27.7b31.9x55.9x4.8x
Tue, 31 Dec 2024US$1.5tUS$320.0bUS$27.4b31.7x55.5x4.8x
Thu, 28 Nov 2024US$1.7tUS$320.0bUS$27.4b35.6x60.9x5.2x
Sat, 26 Oct 2024US$1.6tUS$315.9bUS$26.1b34.6x62.7x5.2x
Mon, 23 Sep 2024US$1.6tUS$315.6bUS$27.2b33.7x60.5x5.2x
Wed, 21 Aug 2024US$1.5tUS$314.6bUS$27.2b33.2x57x4.9x
Fri, 19 Jul 2024US$1.5tUS$305.0bUS$26.9b32.9x55.2x4.9x
Sun, 16 Jun 2024US$1.4tUS$306.5bUS$27.7b30.9x50.2x4.5x
Tue, 14 May 2024US$1.4tUS$308.2bUS$27.8b31x49.9x4.5x
Thu, 11 Apr 2024US$1.4tUS$306.7bUS$27.8b29.6x51.3x4.6x
Sat, 09 Mar 2024US$1.4tUS$305.6bUS$28.2b30.1x51x4.7x
Mon, 05 Feb 2024US$1.5tUS$323.7bUS$26.9b29.5x53.9x4.5x
Wed, 03 Jan 2024US$1.5tUS$323.0bUS$26.6b30.9x57.3x4.7x
Fri, 01 Dec 2023US$1.4tUS$323.1bUS$26.5b28.2x52.5x4.3x
Sun, 29 Oct 2023US$1.2tUS$326.2bUS$30.2b24.9x40.6x3.8x
Tue, 26 Sep 2023US$1.3tUS$325.2bUS$31.5b26.9x42x4.1x
Thu, 24 Aug 2023US$1.4tUS$323.2bUS$31.2b28.8x44.3x4.3x
Sat, 22 Jul 2023US$1.4tUS$326.6bUS$34.7b25.5x41.7x4.4x
Price to Earnings Ratio

41.7x


Total Market Cap: US$1.4tTotal Earnings: US$34.7bTotal Revenue: US$326.6bTotal 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 43.4x 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 3.7% 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 Market0.22%
Real Estate-1.09%
REITS0.82%
Hotel and Resort REITs0.36%
Office REITs-0.34%
Industrial REITs-0.38%
Specialized REITs-0.51%
Retail REITs-1.10%
Health Care REITs-1.11%
Residential REITs-2.09%
Real Estate-3.80%
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 23.8%, which is lower than the prior year's growth of 30.0% 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 3.8% 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
IRM Iron MountainUS$122.666.0%
+US$2.1b		26.1%PE134x
AMT American TowerUS$168.832.2%
+US$1.7b		-22.9%PB22.3x
BEKE KE HoldingsUS$16.108.3%
+US$1.4b		-15.2%PE36.8x
CCI Crown CastleUS$79.052.4%
+US$798.7m		-22.5%PE33.2x
SBAC SBA CommunicationsUS$187.252.2%
+US$426.4m		-18.6%PE19.5x

Latest News

CSGP
US$27.68
CoStar Group
7D
-7.3%
1Y
-67.1%
SBAC
US$187.25
SBA Communications
7D
2.2%
1Y
-18.6%
JLL
US$314.39
Jones Lang LaSalle
7D
-5.5%
1Y
26.3%
Narrative Update • Jul 12

JLL: AI Disruption Fears And Luxury Financings Will Shape Services Outlook

Analysts have lifted their Jones Lang LaSalle price target by $12, reflecting updated assumptions for fair value at $306, a lower discount rate, modestly higher revenue growth and profit margin estimates, and a slightly lower future P/E, while also pointing to recent research that frames AI concerns and conviction list changes as part of a broader reassessment of the stock. Analyst Commentary Recent Street research on Jones Lang LaSalle gives a mixed picture, with some firms updating price targets and others adjusting conviction lists.
PSA
US$318.93
Public Storage
7D
-3.0%
1Y
12.3%
WY
US$23.80
Weyerhaeuser
7D
2.2%
1Y
-6.1%
Narrative Update • Jul 09

WY: Higher Margins And Buybacks Will Support A Rerating

Analysts have raised their price target on Weyerhaeuser from $26.00 to $27.00, citing updated assumptions around revenue growth, profit margins, and a lower future P/E multiple in their valuation work. What’s in the News for Weyerhaeuser From January 1, 2026 to March 31, 2026, Weyerhaeuser repurchased 409,043 shares for US$10 million, representing 0.06% of the company, under its existing buyback program.
MAA
US$133.68
Mid-America Apartment Communities
7D
-5.7%
1Y
-9.3%
WELL
US$236.00
Welltower
7D
-0.7%
1Y
50.6%
Narrative Update • Jul 07

WELL: Senior Housing Momentum And 2026 Dividend Outlook Will Support Balanced View

Analysts have adjusted their price target for Welltower to about $238.73 per share from $233.50, citing updated assumptions around fair value, discount rate, revenue growth, profit margins, and future P/E expectations. What’s in the News for Welltower Analysts are watching for Welltower’s Q2 2026 earnings, with expectations for a double digit profit increase and continued focus on senior housing performance, according to recent earnings previews.
IRM
US$122.66
Iron Mountain
7D
6.0%
1Y
26.1%
Seeking Alpha • Jul 07

Iron Mountain: A REIT Growth Idea, Thanks To Data Centers And More

Summary Iron Mountain gets a buy rating for my initial coverage, driven by both a compelling growth case and the dividend story as well. Both the top and bottom lines have seen growth catalysts lately. Positive and growing operating cash flow tempers the risk of high levels of leverage and owning a massive real estate portfolio. The risk of challenges for further data center growth was discussed, including power/cooling needs and activist intervention. Read the full article on Seeking Alpha
CCI
US$79.05
Crown Castle
7D
2.4%
1Y
-22.5%
Seeking Alpha • Jul 06

Crown Castle: A Pure-Play Tower Bargain After The Fiber Exit

Summary Crown Castle Inc. offers a compelling long-term value and income opportunity amid a transitional 2026, trading near 52-week lows with a 5.55% yield. CCI’s pure-play U.S. tower focus, cost reductions, and capital redeployment position it for organic growth and enhanced operating efficiency post-fiber divestiture. Forward P/FFO of 19.3 is below historical norms, with analysts projecting 8%–13% annual FFO/share growth over the next three years. SpaceX and DISH risks remain, but CCI’s durable core business and essential infrastructure underpin a 'Buy' rating for patient dividend investors. Read the full article on Seeking Alpha
CBRE
US$133.13
CBRE Group
7D
-7.4%
1Y
-2.9%
Narrative Update • Jul 06

CBRE: AI Execution Risks Will Be Balanced By Services And Data Centers

The analyst price target for CBRE Group has been trimmed by about $5 to reflect a slightly lower fair value estimate and a modest reduction in the future P/E multiple, as analysts weigh investor concerns over potential AI impacts against largely intact long term earnings assumptions. Analyst Commentary Recent research on CBRE Group highlights a more cautious tone around valuation, especially where investors are focused on how AI could affect key business segments and the P/E multiple applied to future earnings.
BEKE
US$16.10
KE Holdings
7D
8.3%
1Y
-15.2%
Narrative Update • Jul 03

BEKE: Share Repurchases And Q1 Profit Beat Will Drive Re Rating Potential

Analysts have lifted the implied fair value for KE Holdings from about $21.0 to $22.8, reflecting higher price targets in the $23 to $26 range after they updated models and earnings expectations following the Q1 profit beat. Analyst Commentary Recent research on KE Holdings has been largely supportive, with several bullish analysts revising their models after the Q1 profit beat and setting higher price targets in the low to mid US$20s.
SPG
US$221.28
Simon Property Group
7D
-2.6%
1Y
38.4%
PLD
US$142.49
Prologis
7D
-0.8%
1Y
31.2%
AMT
US$168.83
American Tower
7D
2.2%
1Y
-22.9%
REXR
US$35.51
Rexford Industrial Realty
7D
3.4%
1Y
-1.9%
TRNO
US$71.13
Terreno Realty
7D
3.4%
1Y
25.3%