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U.S. Real Estate Sector Analysis

UpdatedJun 13, 2026
DataAggregated Company Financials
Companies274
  • 7D1.9%
  • 3M7.0%
  • 1Y10.3%
  • YTD10.4%

The Real Estate industry is up 1.9% in the last week, with Welltower up 3.5%. This means that the industry has gained 10% over the past year. As for the next few years, earnings are expected to grow by 8.2% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Jun 2026US$1.7tUS$338.5bUS$38.7b30.3x43x4.9x
Tue, 12 May 2026US$1.6tUS$339.3bUS$38.8b29.6x42.4x4.9x
Thu, 09 Apr 2026US$1.5tUS$334.7bUS$34.6b27.7x44.7x4.6x
Sat, 07 Mar 2026US$1.6tUS$335.6bUS$35.2b28.8x45.6x4.8x
Mon, 02 Feb 2026US$1.5tUS$333.2bUS$31.9b29.1x48.5x4.6x
Wed, 31 Dec 2025US$1.5tUS$339.2bUS$32.2b29.4x47.2x4.5x
Fri, 28 Nov 2025US$1.6tUS$338.2bUS$32.8b29.2x47.3x4.6x
Sun, 26 Oct 2025US$1.6tUS$333.8bUS$31.0b27.9x50.5x4.7x
Tue, 23 Sep 2025US$1.5tUS$331.8bUS$30.9b28.9x49.8x4.6x
Thu, 21 Aug 2025US$1.5tUS$331.3bUS$31.0b29.4x49x4.6x
Sat, 19 Jul 2025US$1.5tUS$326.2bUS$29.6b29.9x50.4x4.6x
Mon, 16 Jun 2025US$1.5tUS$326.3bUS$29.9b29.2x50x4.6x
Wed, 14 May 2025US$1.5tUS$325.4bUS$29.6b29x50.9x4.6x
Fri, 11 Apr 2025US$1.4tUS$321.3bUS$28.7b28.2x49.5x4.4x
Sun, 09 Mar 2025US$1.6tUS$326.5bUS$30.0b32.9x53.4x4.9x
Tue, 04 Feb 2025US$1.5tUS$320.1bUS$27.7b31.7x55.9x4.8x
Thu, 02 Jan 2025US$1.5tUS$320.0bUS$27.4b32x55.7x4.8x
Sat, 30 Nov 2024US$1.7tUS$320.0bUS$27.4b35.2x61x5.2x
Mon, 28 Oct 2024US$1.6tUS$315.8bUS$26.8b34.6x60.5x5.1x
Wed, 25 Sep 2024US$1.7tUS$315.7bUS$27.2b34.4x61.1x5.3x
Fri, 23 Aug 2024US$1.6tUS$314.6bUS$27.2b33.3x57.2x4.9x
Sun, 21 Jul 2024US$1.5tUS$305.1bUS$26.9b32.8x54.7x4.8x
Tue, 18 Jun 2024US$1.4tUS$306.5bUS$27.7b30.7x50.3x4.5x
Thu, 16 May 2024US$1.4tUS$308.2bUS$27.9b31.2x50.2x4.5x
Sat, 13 Apr 2024US$1.4tUS$306.4bUS$27.8b29x49.2x4.5x
Mon, 11 Mar 2024US$1.4tUS$305.6bUS$28.2b30.3x51x4.7x
Wed, 07 Feb 2024US$1.4tUS$305.7bUS$26.5b29.7x51.6x4.5x
Fri, 05 Jan 2024US$1.5tUS$323.0bUS$26.6b30.9x56x4.6x
Sun, 03 Dec 2023US$1.4tUS$323.0bUS$26.5b29.4x54.1x4.4x
Tue, 31 Oct 2023US$1.2tUS$326.4bUS$30.2b25.4x40.9x3.8x
Thu, 28 Sep 2023US$1.3tUS$325.2bUS$31.5b26.7x41x4x
Sat, 26 Aug 2023US$1.4tUS$323.2bUS$31.2b28.5x44.2x4.3x
Mon, 24 Jul 2023US$1.4tUS$326.6bUS$34.7b25.5x41.7x4.4x
Wed, 21 Jun 2023US$1.4tUS$313.9bUS$35.5b24x38x4.3x
Price to Earnings Ratio

38x


Total Market Cap: US$1.4tTotal Earnings: US$35.5bTotal Revenue: US$313.9bTotal 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 43.0x 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 2.9% 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 Market0.81%
Real Estate1.89%
Office REITs5.53%
Retail REITs3.96%
Industrial REITs3.01%
Health Care REITs2.99%
Hotel and Resort REITs2.76%
REITS2.34%
Real Estate0.81%
Residential REITs0.20%
Specialized REITs0.18%
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 347x.
    • Analysts are expecting annual earnings growth of 25.6%, 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 6.0% 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
WELL WelltowerUS$214.233.5%
+US$5.2b		40.6%PB3.5x
PLD PrologisUS$148.742.9%
+US$3.9b		38.6%PB2.6x
PSA Public StorageUS$325.945.3%
+US$2.9b		10.5%PB11.7x
SPG Simon Property GroupUS$219.044.2%
+US$2.8b		39.6%PB14.7x
O Realty IncomeUS$62.723.1%
+US$1.8b		8.8%PB1.5x

Latest News

CCI
US$92.16
Crown Castle
7D
-2.5%
1Y
-6.3%
AVB
US$187.03
AvalonBay Communities
7D
-1.4%
1Y
-9.3%
ZG
US$32.22
Zillow Group
7D
-9.0%
1Y
-53.4%
EQIX
US$1,055.85
Equinix
7D
-2.3%
1Y
18.3%
AMT
US$187.18
American Tower
7D
-3.6%
1Y
-12.9%
Seeking Alpha • Jun 12

American Tower: Buy This Infrastructure REIT Before Growth Reaccelerates

Summary American Tower remains a buy, offering resilient growth, robust income, and strategic positioning in global communications infrastructure. AMT’s integrated tower and CoreSite data center assets drive margin expansion, with management targeting 200–300 bps adjusted EBITDA margin growth by decade’s end. Emerging markets and Europe fuel organic tenant billings growth, offsetting Latin America weakness and supporting 5–9% annual FFO/share growth estimates. At a forward P/FFO of 18.5, AMT trades below historical norms, with a 3.8% yield, a 70% payout ratio, and mid-single digit dividend growth guidance. Read the full article on Seeking Alpha
WELL
US$214.23
Welltower
7D
3.5%
1Y
40.6%
VTR
US$84.60
Ventas
7D
3.1%
1Y
32.5%
Narrative Update • Jun 12

VTR: Senior Housing Cash Flows And Dividend Will Support Bullish 2026 Outlook

Analysts have nudged their price target for Ventas slightly higher to $96.80 from $96.65, reflecting updated assumptions around discount rates, revenue growth, profit margins, and future P/E that fine tune rather than overhaul their prior view. What's in the News Ventas issued an updated investor presentation ahead of participation in Nareit’s REITweek 2026 Investor Conference, highlighting operating trends and cash flow performance in its senior housing portfolio.
O
US$62.72
Realty Income
7D
3.1%
1Y
8.8%
CSGP
US$32.84
CoStar Group
7D
-3.1%
1Y
-59.5%
KIM
US$25.91
Kimco Realty
7D
6.9%
1Y
24.4%
SPG
US$219.04
Simon Property Group
7D
4.2%
1Y
39.6%
SBAC
US$204.79
SBA Communications
7D
-1.6%
1Y
-10.1%
Narrative Update • Jun 11

SBAC: Takeover Optionality Will Shape Post 2026 Upside Potential

Analysts have nudged their average price target on SBA Communications higher by a modest amount into the mid $230s, citing updated discount rate and profitability assumptions, along with a slightly lower future P/E expectation that together support a refined valuation view. Analyst Commentary Recent Street research around SBA Communications has been active, with several firms updating ratings and price targets.
PSA
US$325.94
Public Storage
7D
5.3%
1Y
10.5%
PLD
US$148.74
Prologis
7D
2.9%
1Y
38.6%
DLR
US$184.20
Digital Realty Trust
7D
-1.4%
1Y
5.6%
EXR
US$150.60
Extra Space Storage
7D
3.6%
1Y
0.7%
Narrative Update • Jun 08

EXR: Earnings Execution And Buybacks Will Balance Sector Demand Risks

Narrative Update The analyst fair value estimate for Extra Space Storage has edged up by about $0.50 to $153.60, reflecting recent Street price target increases into the $150 to $158 range as analysts balance demand risks in self storage with relatively stable margin and P/E assumptions. Analyst Commentary Recent Street research around Extra Space Storage points to an active debate on how to balance self storage demand risks with the stock's current P/E and margin assumptions.