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U.S. Real Estate Sector Analysis

UpdatedAug 21, 2026
DataAggregated Company Financials
Companies268
  • 7D-0.1%
  • 3M2.8%
  • 1Y9.8%
  • YTD11.3%

The Real Estate industry is up 1.3% in the last week, with Vivmark Residential up -1.1%. This means that the industry has gained 10% over the past year. Looking forward, 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
Fri, 21 Aug 2026US$1.7tUS$345.6bUS$37.1b28.3x46.1x4.9x
Sun, 19 Jul 2026US$1.7tUS$337.5bUS$39.2b30.4x43.9x5.1x
Tue, 16 Jun 2026US$1.7tUS$338.4bUS$38.7b30x43.3x5x
Thu, 14 May 2026US$1.6tUS$339.7bUS$38.9b29.8x42.3x4.8x
Sat, 11 Apr 2026US$1.6tUS$334.7bUS$34.6b27.8x45.7x4.7x
Mon, 09 Mar 2026US$1.6tUS$335.6bUS$35.2b28.8x45.2x4.7x
Wed, 04 Feb 2026US$1.5tUS$332.3bUS$34.3b29.1x44.5x4.6x
Fri, 02 Jan 2026US$1.5tUS$339.2bUS$32.2b29.1x46.8x4.4x
Sun, 30 Nov 2025US$1.6tUS$338.2bUS$32.8b29.5x47.5x4.6x
Tue, 28 Oct 2025US$1.6tUS$333.8bUS$31.0b28x50.5x4.7x
Thu, 25 Sep 2025US$1.5tUS$331.4bUS$30.7b29x50.1x4.6x
Sat, 23 Aug 2025US$1.5tUS$331.3bUS$31.0b29.9x48.9x4.6x
Mon, 21 Jul 2025US$1.5tUS$326.0bUS$29.6b29.9x49.3x4.5x
Wed, 18 Jun 2025US$1.5tUS$326.3bUS$29.9b29.2x50x4.6x
Fri, 16 May 2025US$1.5tUS$326.5bUS$29.8b28.4x49.5x4.5x
Sun, 13 Apr 2025US$1.4tUS$321.4bUS$28.7b28.9x48.9x4.4x
Tue, 11 Mar 2025US$1.6tUS$326.5bUS$30.0b32.8x53.3x4.9x
Thu, 06 Feb 2025US$1.5tUS$320.6bUS$27.8b32.5x55.5x4.8x
Sat, 04 Jan 2025US$1.5tUS$320.0bUS$27.4b31.8x55.2x4.7x
Mon, 02 Dec 2024US$1.7tUS$320.0bUS$27.4b35.2x61x5.2x
Wed, 30 Oct 2024US$1.6tUS$316.1bUS$26.3b34.2x62x5.2x
Fri, 27 Sep 2024US$1.7tUS$315.7bUS$27.2b33.8x60.8x5.2x
Sun, 25 Aug 2024US$1.6tUS$314.6bUS$27.1b33.9x58x5x
Tue, 23 Jul 2024US$1.5tUS$305.1bUS$26.9b32.8x54.8x4.8x
Thu, 20 Jun 2024US$1.4tUS$306.5bUS$27.7b30.1x50.2x4.5x
Sat, 18 May 2024US$1.4tUS$306.9bUS$27.9b30.9x50.8x4.6x
Mon, 15 Apr 2024US$1.4tUS$306.7bUS$27.8b28.9x48.9x4.4x
Wed, 13 Mar 2024US$1.4tUS$305.7bUS$28.1b29.6x50.9x4.7x
Fri, 09 Feb 2024US$1.4tUS$305.8bUS$26.6b29.8x51.4x4.5x
Sun, 07 Jan 2024US$1.5tUS$323.0bUS$26.6b30.9x55.8x4.6x
Tue, 05 Dec 2023US$1.4tUS$323.0bUS$26.5b29.6x54.1x4.4x
Thu, 02 Nov 2023US$1.3tUS$326.4bUS$27.4b26.1x45.8x3.8x
Sat, 30 Sep 2023US$1.3tUS$325.2bUS$31.5b26.8x41.3x4x
Mon, 28 Aug 2023US$1.4tUS$323.2bUS$31.2b28.5x44.2x4.3x
Price to Earnings Ratio

44.2x


Total Market Cap: US$1.4tTotal Earnings: US$31.2bTotal Revenue: US$323.2bTotal 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 44.9x 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 4.7x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 5.9% per year over the last three years.
  • Revenues for these companies have grown 2.3% 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-2.09%
Real Estate-0.10%
Hotel and Resort REITs2.37%
Health Care REITs1.90%
REITS-0.0079%
Real Estate-0.015%
Retail REITs-0.48%
Residential REITs-0.49%
Industrial REITs-0.50%
Specialized REITs-1.02%
Office REITs-1.10%
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 18.5%, 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 2.9% per year.
  • In contrast, the Residential REITs industry is expected to see its earnings decline by 8.1% 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
VMRK Vivmark ResidentialUS$65.14-1.1%
US$24.3b		-4.5%PB4.2x
WELL WelltowerUS$237.401.3%
+US$2.1b		42.2%PB3.7x
VTR VentasUS$92.682.6%
+US$1.2b		34.1%PB3.2x
ARE Alexandria Real Estate EquitiesUS$52.949.3%
+US$787.6m		-31.6%PB0.6x
AMT American TowerUS$175.720.9%
+US$712.9m		-16.2%PB22x

Latest News

LB
US$87.03
LandBridge
7D
15.6%
1Y
64.1%
ARE
US$52.94
Alexandria Real Estate Equities
7D
9.3%
1Y
-31.6%
Narrative Update • Aug 20

ARE: Kips Bay Setback And Costly New Debt Will Shape Future Returns

Analysts have lifted their price target for Alexandria Real Estate Equities to $46 from $42. This reflects updated assumptions for fair value, a higher discount rate, lower revenue growth and profit margin expectations, and a higher future P/E estimate.
IRM
US$122.94
Iron Mountain
7D
-2.9%
1Y
35.8%
Seeking Alpha • Aug 19

Iron Mountain Is Running Hot

Summary Iron Mountain Incorporated has surged 42.8% YTD, far outpacing the S&P 500, driven by robust revenue and cash flow growth. IRM’s rapid expansion in data centers and asset lifecycle management, alongside 37 consecutive years of organic revenue growth, underpins its operational strength. Management guides for 2026 revenue of $7.94–$8.01B, EBITDA of $2.945–$2.975B, and adjusted FFO of $1.76–$1.78B. Despite strong fundamentals, IRM stock’s valuation is now considered expensive; I maintain a neutral stance, with a potential downgrade to Sell if shares rise another 10%. Read the full article on Seeking Alpha
VMRK
US$65.14
Vivmark Residential
7D
-1.1%
1Y
-4.5%
New Narrative • Aug 19

Tight Occupancy And High-Yield Development Pipeline Will Support Long-Term Earnings Quality

Catalysts About Vivmark Residential Vivmark Residential develops, owns and operates multifamily rental communities with a focus on large coastal and select expansion markets. What are the underlying business or industry changes driving this perspective?
WELL
US$237.40
Welltower
7D
1.3%
1Y
42.2%
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.
DLR
US$194.30
Digital Realty Trust
7D
-1.7%
1Y
18.6%
Narrative Update • Aug 19

DLR: Hyperscale AI Demand And Power Access Will Drive Future Upside

Analysts have lifted the fair value estimate for Digital Realty Trust to $223.32 from $218.72, reflecting higher assumptions for revenue growth, profit margins, and future earnings multiples, supported by a broad wave of price target increases across the Street up to $240. Analyst Commentary Recent research updates on Digital Realty Trust show a clear tilt toward more positive views on execution, earnings power, and valuation support, even as some analysts flag trade offs versus peers and the need for continued delivery on growth plans.
SPG
US$219.90
Simon Property Group
7D
-0.7%
1Y
26.8%
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.
COMP
US$11.92
Compass
7D
-10.7%
1Y
40.4%
Seeking Alpha • Aug 18

Compass: Beating The Industry At Every Turn

Summary Compass remains a high-conviction buy as it outperforms the real estate industry despite a weak housing market. COMP’s acquisition of Anywhere Real Estate and rapid synergy realization are driving superior transaction and GTV growth versus peers. Q2 results showed 16% brokerage GTV growth and $363M adjusted EBITDA, with margins expanding and synergy targets raised. At $13/share, COMP trades at 8.5x EV/EBITDA on a mid-recovery scenario, offering compelling value amid ongoing legal and macro risks. Read the full article on Seeking Alpha
JLL
US$384.30
Jones Lang LaSalle
7D
4.0%
1Y
31.2%
Narrative Update • Aug 15

JLL: AI Disruption Fears And Sector Execution Risks Will Pressure Upside

Analysts have lifted their price expectations for Jones Lang LaSalle, reflected in an updated fair value estimate of about $319. They cite higher assumed revenue growth, a slightly lower discount rate, and Street targets that now range from $368 to $415, alongside one removal from a conviction list.
AHR
US$55.77
American Healthcare REIT
7D
4.0%
1Y
31.3%
Narrative Update • Aug 14

AHR: Public Equity Raise For Senior Housing Acquisition Will Support Future Upside

Analysts have modestly raised the American Healthcare REIT price target to $61.53 from $60.07, reflecting updated assumptions for slower revenue growth, higher profit margins, and a slightly higher future P/E multiple. What’s in the News for American Healthcare REIT American Healthcare REIT priced an underwritten public offering of 13,250,000 common shares, with closing expected on August 12, 2026, to fund a pending senior housing portfolio acquisition, support potential future investments, and for general corporate purposes.
PSA
US$322.74
Public Storage
7D
-1.8%
1Y
12.5%
EQIX
US$1,082.61
Equinix
7D
-1.8%
1Y
37.7%
PLD
US$140.68
Prologis
7D
-0.4%
1Y
29.8%
SBAC
US$180.54
SBA Communications
7D
-3.0%
1Y
-18.3%
AMT
US$175.72
American Tower
7D
0.9%
1Y
-16.2%
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$92.68
Ventas
7D
2.6%
1Y
34.1%
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.