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U.S. Real Estate Sector Analysis

UpdatedJul 01, 2026
DataAggregated Company Financials
Companies268
  • 7D-0.3%
  • 3M8.7%
  • 1Y9.0%
  • YTD9.2%

The Real Estate industry is up 2.9% in the last week, with Welltower up 4.3%. Meanwhile, Prologis actually underperformed within the industry, shrinking 6.7% in the last week. This means that the industry has gained 9.0% over the past year. Looking forward, earnings are forecast to grow by 8.1% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Jul 2026US$1.7tUS$337.8bUS$38.7b30.6x43.7x5x
Fri, 29 May 2026US$1.7tUS$338.8bUS$38.9b29.9x42.5x4.9x
Sun, 26 Apr 2026US$1.6tUS$337.1bUS$35.1b27.7x46.4x4.8x
Tue, 24 Mar 2026US$1.5tUS$334.0bUS$35.2b27.3x42.7x4.5x
Thu, 19 Feb 2026US$1.6tUS$334.8bUS$34.7b29.5x46.7x4.8x
Sat, 17 Jan 2026US$1.6tUS$333.2bUS$32.5b29.9x47.9x4.7x
Mon, 15 Dec 2025US$1.5tUS$338.2bUS$32.8b29.2x46.4x4.5x
Wed, 12 Nov 2025US$1.5tUS$338.1bUS$32.7b29.8x47.1x4.5x
Fri, 10 Oct 2025US$1.5tUS$331.8bUS$31.0b28x49.3x4.6x
Sun, 07 Sep 2025US$1.5tUS$331.6bUS$30.9b29.8x49.8x4.6x
Tue, 05 Aug 2025US$1.5tUS$330.5bUS$30.4b28.9x48.8x4.5x
Thu, 03 Jul 2025US$1.5tUS$325.8bUS$29.9b29.9x49.9x4.6x
Sat, 31 May 2025US$1.5tUS$326.3bUS$29.9b28.9x49.9x4.6x
Mon, 28 Apr 2025US$1.5tUS$322.8bUS$28.5b29.3x51.3x4.5x
Wed, 26 Mar 2025US$1.5tUS$321.5bUS$29.0b30x52.9x4.8x
Fri, 21 Feb 2025US$1.6tUS$324.5bUS$27.7b31.8x57.3x4.9x
Sun, 19 Jan 2025US$1.5tUS$320.1bUS$27.4b31.9x56x4.8x
Tue, 17 Dec 2024US$1.6tUS$320.0bUS$27.4b33.5x58.2x5x
Thu, 14 Nov 2024US$1.6tUS$320.0bUS$27.3b34.6x59x5x
Sat, 12 Oct 2024US$1.6tUS$314.7bUS$26.7b33.3x59.7x5.1x
Mon, 09 Sep 2024US$1.6tUS$314.8bUS$27.1b34.3x58.9x5.1x
Wed, 07 Aug 2024US$1.5tUS$313.4bUS$27.0b33.1x55.2x4.8x
Fri, 05 Jul 2024US$1.4tUS$305.7bUS$27.1b30.7x51.3x4.5x
Sun, 02 Jun 2024US$1.4tUS$306.4bUS$27.5b31x50.7x4.5x
Tue, 30 Apr 2024US$1.3tUS$307.1bUS$28.0b29.7x47.6x4.3x
Thu, 28 Mar 2024US$1.4tUS$306.1bUS$28.0b30.9x50.7x4.6x
Sat, 24 Feb 2024US$1.4tUS$306.1bUS$26.8b29.2x52.2x4.6x
Mon, 22 Jan 2024US$1.5tUS$323.3bUS$26.7b30.8x55x4.5x
Wed, 20 Dec 2023US$1.5tUS$323.1bUS$26.5b30.9x56.8x4.7x
Fri, 17 Nov 2023US$1.4tUS$322.9bUS$26.5b28.3x51.3x4.2x
Sun, 15 Oct 2023US$1.3tUS$325.2bUS$31.5b26.9x41.3x4x
Tue, 12 Sep 2023US$1.4tUS$324.0bUS$31.7b28.4x44x4.3x
Thu, 10 Aug 2023US$1.4tUS$321.9bUS$31.7b30x45.1x4.4x
Sat, 08 Jul 2023US$1.4tUS$325.1bUS$34.4b24.5x40.9x4.3x
Price to Earnings Ratio

40.9x


Total Market Cap: US$1.4tTotal Earnings: US$34.4bTotal Revenue: US$325.1bTotal 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 43.7x 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 4.0% 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 Market1.92%
Real Estate-0.34%
Health Care REITs4.04%
Residential REITs3.28%
Office REITs3.02%
Real Estate2.47%
Retail REITs1.37%
REITS-0.54%
Hotel and Resort REITs-0.74%
Industrial REITs-4.44%
Specialized REITs-4.47%
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 347x.
    • Analysts are expecting annual earnings growth of 24.3%, 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 7.4% 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$226.974.3%
+US$6.6b		49.7%PB3.7x
SPG Simon Property GroupUS$223.653.2%
+US$2.2b		36.1%PB15.1x
COMP CompassUS$12.3324.7%
+US$1.8b		94.5%PE635.3x
VTR VentasUS$88.804.0%
+US$1.7b		41.2%PB3.3x
AVB AvalonBay CommunitiesUS$188.693.5%
+US$913.9m		-7.2%PB2.3x

Latest News

DLR
US$179.58
Digital Realty Trust
7D
-7.9%
1Y
4.9%
CCI
US$75.73
Crown Castle
7D
-10.2%
1Y
-27.0%
PLD
US$135.47
Prologis
7D
-6.7%
1Y
27.1%
AVB
US$188.69
AvalonBay Communities
7D
3.5%
1Y
-7.2%
VTR
US$88.80
Ventas
7D
4.0%
1Y
41.2%
SPG
US$223.65
Simon Property Group
7D
3.2%
1Y
36.1%
SBAC
US$176.46
SBA Communications
7D
-6.9%
1Y
-26.1%
CSGP
US$28.32
CoStar Group
7D
-6.4%
1Y
-65.4%
AMT
US$163.57
American Tower
7D
-8.8%
1Y
-27.1%
Seeking Alpha • Jun 29

American Tower Stock: The Lull May Be The Opportunity

Summary American Tower offers compelling upside, trading near 15.3x AFFO and below sector median, with a forward dividend yield of 4.24%. AMT's Q1 results showed resilient growth: AFFO per share of $2.84, property revenue up 6.8%, and CoreSite data-center sales up nearly 17%. Guidance for 2026 adjusted FFO per share was raised to $10.90–$11.07, with capital focused on developed-market platforms and margin expansion targets. A $210 price target is justified by modest multiple repair, supported by tower scarcity, CoreSite growth, and a robust, growing dividend yield. Read the full article on Seeking Alpha
COMP
US$12.33
Compass
7D
24.7%
1Y
94.5%
Narrative Update • Jun 29

COMP: Antitrust Probe And Portal Battle Will Pressure Future Risk Reward

Analysts have trimmed their average price target on Compass by $1.16 to $9.00. This reflects updated assumptions for slower revenue growth, thinner profit margins, a higher discount rate, and a higher future P/E multiple, as recent research also weighs regulatory headlines and intensifying competition in online real estate portals.
INVH
US$30.21
Invitation Homes
7D
4.0%
1Y
-7.8%
Narrative Update • Jun 26

INVH: Policy Tailwinds And Buybacks Will Shape Balanced Single Family Rental Outlook

Analysts have nudged the fair value estimate for Invitation Homes higher to about $32, citing recent price target increases toward the low $30s, better than feared spring leasing, supportive housing legislation, and expectations that improved revenue trends are not yet fully reflected in the stock. Analyst Commentary Recent research on Invitation Homes points to a split view, with several bullish analysts lifting ratings and targets around the low US$30s, while at least one bearish analyst questions the growth outlook and current valuation support.
IRM
US$126.31
Iron Mountain
7D
-5.1%
1Y
26.4%
EQIX
US$1,042.39
Equinix
7D
-6.6%
1Y
31.1%
Seeking Alpha • Jun 24

Equinix Says AI Is Not Dead, Further Consolidation Likely

Summary Equinix, Inc.'s growing CapEx, record backlog, and rising recurring revenue per cabinet highlight durable AI monetization prospects and underscore the raised FY2026 guidance. This is significantly aided by their ability to deliver expanding capacity within metropolitan areas while reporting an extremely healthy balance sheet and minimal equity dilution. Otherwise, it goes without saying that Equinix's YTD rally has been overly done, given the underwhelming dividend yields and the mixed FY2029 growth guidance. The stock trades at expensive Price/AFFO of 25.35x versus peers/historical levels, with the slower projected AFFO per share growth at a 4Y CAGR of +6.8% making its premium less compelling. Combined with the overbought technicals and the ongoing consolidation since April 2026, Equinix remains a Hold here. Read the full article on Seeking Alpha
ESS
US$291.59
Essex Property Trust
7D
4.4%
1Y
2.4%
WELL
US$226.97
Welltower
7D
4.3%
1Y
49.7%
EQR
US$67.93
Equity Residential
7D
3.4%
1Y
1.0%