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U.S. Real Estate Sector Analysis

UpdatedSep 18, 2026
DataAggregated Company Financials
Companies272
  • 7D-0.6%
  • 3M-1.3%
  • 1Y1.7%
  • YTD5.4%

Over the last 7 days, the Real Estate industry has dropped 1.5%, driven by declines in Welltower and Realty Income of 1.5% and 3.8%, respectively. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 9.6% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 18 Sep 2026US$1.7tUS$348.5bUS$38.3b26.4x43.4x4.8x
Sun, 16 Aug 2026US$1.7tUS$348.6bUS$37.9b28.4x45x4.9x
Tue, 14 Jul 2026US$1.7tUS$337.3bUS$38.7b30.2x43.2x5x
Thu, 11 Jun 2026US$1.7tUS$338.5bUS$38.7b29.9x42.9x4.9x
Sat, 09 May 2026US$1.6tUS$339.7bUS$39.0b29.3x42.1x4.8x
Mon, 06 Apr 2026US$1.5tUS$334.6bUS$34.6b27.4x44.4x4.6x
Wed, 04 Mar 2026US$1.6tUS$335.5bUS$35.1b29.1x46.5x4.9x
Fri, 30 Jan 2026US$1.5tUS$333.4bUS$31.7b29.1x48x4.6x
Sun, 28 Dec 2025US$1.5tUS$339.2bUS$32.2b29x47.3x4.5x
Tue, 25 Nov 2025US$1.5tUS$338.1bUS$32.8b28.9x46.6x4.5x
Thu, 23 Oct 2025US$1.6tUS$332.0bUS$30.8b29.3x50.6x4.7x
Sat, 20 Sep 2025US$1.5tUS$331.7bUS$30.9b29.2x50.2x4.7x
Mon, 18 Aug 2025US$1.5tUS$331.3bUS$30.9b28.7x48.6x4.5x
Wed, 16 Jul 2025US$1.5tUS$325.8bUS$29.9b30.2x50.4x4.6x
Fri, 13 Jun 2025US$1.5tUS$326.3bUS$29.9b29.4x50.4x4.6x
Sun, 11 May 2025US$1.5tUS$325.3bUS$29.8b28.8x50.1x4.6x
Tue, 08 Apr 2025US$1.4tUS$321.4bUS$28.7b28.1x49.3x4.4x
Thu, 06 Mar 2025US$1.6tUS$325.7bUS$30.0b32.8x53.7x5x
Sat, 01 Feb 2025US$1.6tUS$320.1bUS$27.7b31.9x56.1x4.9x
Mon, 30 Dec 2024US$1.5tUS$320.0bUS$27.4b31.9x55.5x4.8x
Wed, 27 Nov 2024US$1.6tUS$320.1bUS$27.4b35.5x59.1x5.1x
Fri, 25 Oct 2024US$1.6tUS$316.0bUS$27.0b34.3x60.6x5.2x
Sun, 22 Sep 2024US$1.6tUS$315.6bUS$27.2b33.7x60.5x5.2x
Tue, 20 Aug 2024US$1.5tUS$314.6bUS$27.2b33.2x56.5x4.9x
Thu, 18 Jul 2024US$1.5tUS$305.7bUS$27.1b32.9x54.6x4.8x
Sat, 15 Jun 2024US$1.4tUS$306.6bUS$27.7b30.6x50.3x4.6x
Mon, 13 May 2024US$1.4tUS$308.2bUS$27.8b31x49.7x4.5x
Wed, 10 Apr 2024US$1.4tUS$306.7bUS$27.8b30.6x50.7x4.6x
Fri, 08 Mar 2024US$1.4tUS$305.6bUS$28.2b29.9x50.5x4.7x
Sun, 04 Feb 2024US$1.5tUS$323.7bUS$26.9b29.5x53.9x4.5x
Tue, 02 Jan 2024US$1.5tUS$323.1bUS$26.6b30.9x56.9x4.7x
Thu, 30 Nov 2023US$1.4tUS$323.1bUS$26.5b28.3x52.2x4.3x
Sat, 28 Oct 2023US$1.2tUS$326.1bUS$30.3b24.9x40.6x3.8x
Mon, 25 Sep 2023US$1.3tUS$325.2bUS$31.5b27x42x4.1x
Price to Earnings Ratio

42x


Total Market Cap: US$1.3tTotal Earnings: US$31.5bTotal Revenue: US$325.2bTotal 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 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 4.7x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 6.8% 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 Market0.54%
Real Estate-0.63%
Industrial REITs1.14%
Specialized REITs0.17%
Office REITs0.048%
Residential REITs-0.49%
Hotel and Resort REITs-0.84%
Health Care REITs-1.09%
Real Estate-1.22%
Retail REITs-2.30%
REITS-4.23%
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 20.7%, 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 25% over the next 5 years.
  • This is better than its past earnings growth rate of 16% per year.
  • In contrast, the Residential REITs industry is expected to see its earnings decline by 2.7% 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
AMT American TowerUS$175.581.5%
+US$1.2b		-9.0%PB22x
ARE Alexandria Real Estate EquitiesUS$56.3413.7%
+US$1.2b		-35.6%PB0.6x
PSA Public StorageUS$300.762.1%
+US$1.2b		6.0%PB11.6x
PLD PrologisUS$135.180.6%
+US$731.9m		17.4%PB2.4x
EXR Extra Space StorageUS$139.031.9%
+US$545.1m		-2.6%PB2.2x

Latest News

REXR
US$38.43
Rexford Industrial Realty
7D
3.9%
1Y
-9.6%
VTR
US$87.71
Ventas
7D
-3.0%
1Y
29.0%
WELL
US$232.26
Welltower
7D
-1.5%
1Y
39.5%
Narrative Update • Sep 17

WELL: Equity Raise And Sustained Dividend Will Support Bullish Outlook

Analysts now place Welltower's fair value at $262.23 per share, compared with $238.73 previously. This reflects updated assumptions for revenue, profit margins and future P/E that feed into their revised price target framework.
O
US$57.32
Realty Income
7D
-3.8%
1Y
-3.0%
ARE
US$56.34
Alexandria Real Estate Equities
7D
13.7%
1Y
-35.6%
PSA
US$300.76
Public Storage
7D
2.1%
1Y
6.0%
Seeking Alpha • Sep 15

Public Storage: Buy The Pullback For A Reliable Yield And Improving Growth

Summary Public Storage offers downside protection with a 4.05% yield, trading at a forward P/FFO of 17.5 and below its historical average. PSA’s operational momentum is improving, with rising move-in rents, declining churn, and an inflection in same-store revenue growth guidance. Recent acquisitions provide significant lease-up and margin expansion opportunities, supporting multi-year synergy potential. I maintain a 'Buy' rating on PSA, expecting low-teens total returns driven by FFO/share growth, dividend growth, and partial valuation reversion. Read the full article on Seeking Alpha
WPC
US$66.52
W. P. Carey
7D
-4.4%
1Y
-1.4%
PLD
US$135.18
Prologis
7D
0.6%
1Y
17.4%
EPRT
US$26.80
Essential Properties Realty Trust
7D
-7.9%
1Y
-11.2%
AMT
US$175.58
American Tower
7D
1.5%
1Y
-9.0%
New Narrative • Sep 11

5G Densification And AI Data Demand Will Support Tower And Data Center Leasing

Catalysts About American Tower American Tower owns and operates a global portfolio of wireless towers and interconnected data centers that support mobile and cloud connectivity. What are the underlying business or industry changes driving this perspective?
CBRE
US$139.32
CBRE Group
7D
1.0%
1Y
-15.9%
VICI
US$24.11
VICI Properties
7D
-2.5%
1Y
-24.9%
Seeking Alpha • Sep 10

VICI Properties Has Crashed: Buy, Hold, Or Sell?

Summary VICI's valuation has fallen even as its cash flow has grown. Caesars regional lease is a real risk but likely manageable. Tenant privatizations may actually validate VICI’s asset quality. Read the full article on Seeking Alpha
IRM
US$114.00
Iron Mountain
7D
1.0%
1Y
15.2%
EXR
US$139.03
Extra Space Storage
7D
1.9%
1Y
-2.6%
BEKE
US$16.00
KE Holdings
7D
-4.1%
1Y
-20.3%
Narrative Update • Sep 07

BEKE: Profit Resilience And Buybacks Will Confront Prolonged Housing Weakness

Analysts have lifted the fair value estimate for KE Holdings from $18.13 to $19.30, reflecting updated views that profitability may hold up better than revenue in a still weak housing market and that a lower assumed discount rate and slightly lower future P/E multiple are appropriate. Analyst Commentary on KE Holdings Recent research on KE Holdings points to a cautiously constructive stance.
VMRK
US$63.01
Vivmark Residential
7D
-3.1%
1Y
-2.9%