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U.S. Real Estate Sector Analysis

UpdatedAug 18, 2026
DataAggregated Company Financials
Companies268
  • 7D0.6%
  • 3M3.5%
  • 1Y11.0%
  • YTD10.5%

Last week, the Real Estate industry hasn't moved much but Equinix is up 5.2% in that time. The past year has been better, since the industry has gained 11% in that time. As for the next few years, earnings are expected to grow by 9.4% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Aug 2026US$1.7tUS$348.7bUS$37.9b28.1x45x4.9x
Thu, 16 Jul 2026US$1.7tUS$337.2bUS$38.7b30.4x43.4x5x
Sat, 13 Jun 2026US$1.7tUS$338.5bUS$38.7b30.3x43x4.9x
Mon, 11 May 2026US$1.6tUS$339.3bUS$38.9b29.5x42.3x4.8x
Wed, 08 Apr 2026US$1.5tUS$334.6bUS$34.6b27.5x44.4x4.6x
Fri, 06 Mar 2026US$1.6tUS$335.6bUS$35.2b28.8x46.1x4.8x
Sun, 01 Feb 2026US$1.5tUS$333.2bUS$31.9b29.1x48.5x4.6x
Tue, 30 Dec 2025US$1.5tUS$339.2bUS$32.2b29.2x47.3x4.5x
Thu, 27 Nov 2025US$1.5tUS$338.2bUS$32.8b29.2x47.1x4.6x
Sat, 25 Oct 2025US$1.6tUS$333.7bUS$31.0b28.1x50.4x4.7x
Mon, 22 Sep 2025US$1.5tUS$331.7bUS$30.9b29.2x49.8x4.6x
Wed, 20 Aug 2025US$1.5tUS$331.3bUS$30.9b29.6x48.2x4.5x
Fri, 18 Jul 2025US$1.5tUS$326.0bUS$29.9b30.1x50.1x4.6x
Sun, 15 Jun 2025US$1.5tUS$326.3bUS$29.9b29.2x50x4.6x
Tue, 13 May 2025US$1.5tUS$325.3bUS$29.8b29x50.1x4.6x
Thu, 10 Apr 2025US$1.3tUS$321.3bUS$28.7b28.7x46.6x4.2x
Sat, 08 Mar 2025US$1.6tUS$325.9bUS$30.0b32.9x53.1x4.9x
Mon, 03 Feb 2025US$1.5tUS$320.1bUS$27.7b31.9x55.9x4.8x
Wed, 01 Jan 2025US$1.5tUS$320.0bUS$27.4b32x55.3x4.7x
Fri, 29 Nov 2024US$1.7tUS$320.0bUS$27.4b35.6x61.3x5.2x
Sun, 27 Oct 2024US$1.6tUS$315.8bUS$26.8b34.6x60.5x5.1x
Tue, 24 Sep 2024US$1.6tUS$315.6bUS$27.2b33.7x60.5x5.2x
Thu, 22 Aug 2024US$1.5tUS$314.6bUS$27.2b33.5x56.9x4.9x
Sat, 20 Jul 2024US$1.5tUS$305.1bUS$26.9b32.8x54.8x4.8x
Mon, 17 Jun 2024US$1.4tUS$306.5bUS$27.7b30.9x50.3x4.5x
Wed, 15 May 2024US$1.4tUS$308.2bUS$27.9b30.5x49.8x4.5x
Fri, 12 Apr 2024US$1.4tUS$306.7bUS$27.8b29.3x49.3x4.5x
Sun, 10 Mar 2024US$1.4tUS$305.6bUS$28.2b30.3x51x4.7x
Tue, 06 Feb 2024US$1.4tUS$305.6bUS$26.4b29.4x51.2x4.4x
Thu, 04 Jan 2024US$1.5tUS$323.0bUS$26.6b30.9x56.1x4.6x
Sat, 02 Dec 2023US$1.4tUS$323.0bUS$26.5b29.4x52.8x4.3x
Mon, 30 Oct 2023US$1.2tUS$326.4bUS$30.3b25x40.6x3.8x
Wed, 27 Sep 2023US$1.3tUS$325.2bUS$31.5b26.6x41.2x4x
Fri, 25 Aug 2023US$1.4tUS$323.2bUS$31.2b28.6x44.2x4.3x
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 45.0x 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 6.7% per year over the last three years.
  • Revenues for these companies have grown 2.6% 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 Market0.11%
Real Estate0.62%
Specialized REITs1.72%
REITS1.55%
Hotel and Resort REITs1.55%
Industrial REITs0.76%
Retail REITs0.72%
Real Estate0.71%
Health Care REITs-0.54%
Residential REITs-0.63%
Office REITs-0.80%
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 18.3%, 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 7.5% 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
EQIX EquinixUS$1.10k5.2%
+US$5.4b		42.6%PB7.5x
IRM Iron MountainUS$129.906.9%
+US$2.5b		43.2%PE92.4x
DLR Digital Realty TrustUS$197.913.5%
+US$2.4b		19.9%PB2.7x
PLD PrologisUS$140.621.3%
+US$1.8b		33.4%PB2.5x
AMT American TowerUS$172.231.8%
+US$1.5b		-15.2%PB21.6x

Latest News

EQR
US$63.66
Equity Residential
7D
-3.3%
1Y
0.7%
WY
US$24.08
Weyerhaeuser
7D
-4.8%
1Y
-6.2%
JLL
US$370.31
Jones Lang LaSalle
7D
3.6%
1Y
26.4%
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.
DLR
US$197.91
Digital Realty Trust
7D
3.5%
1Y
19.9%
ARE
US$46.94
Alexandria Real Estate Equities
7D
-2.9%
1Y
-39.2%
IRM
US$129.90
Iron Mountain
7D
6.9%
1Y
43.2%
CBRE
US$147.96
CBRE Group
7D
2.8%
1Y
-6.3%
Narrative Update • Aug 14

CBRE: Future Returns Will Reflect AI Real Estate Recovery And Share Repurchases

Analysts have nudged the CBRE Group fair value estimate higher to $181.25 from $177.17, citing recent price target increases across the Street that reflect updated assumptions for revenue growth, margins, and future P/E expectations. Analyst Commentary Recent Street research on CBRE Group has skewed more positive, with several firms lifting price targets and only one trimming its valuation multiple earlier in the year.
RHP
US$124.11
Ryman Hospitality Properties
7D
3.5%
1Y
31.5%
BEKE
US$16.85
KE Holdings
7D
-4.5%
1Y
-6.6%
PSA
US$324.31
Public Storage
7D
-0.4%
1Y
15.6%
CTRE
US$39.26
CareTrust REIT
7D
-2.9%
1Y
16.9%
EQIX
US$1,097.61
Equinix
7D
5.2%
1Y
42.6%
PLD
US$140.62
Prologis
7D
1.3%
1Y
33.4%
OHI
US$46.57
Omega Healthcare Investors
7D
-1.7%
1Y
14.3%
Narrative Update • Aug 04

OHI: Tenant Credit Improvements And Dividend Reset Are Expected To Shape Returns

Omega Healthcare Investors' updated analyst price target moves modestly higher to $51.94 as analysts weigh mixed sector views, refined valuation models, and tenant credit trends across recent research. Analyst Commentary Recent research on Omega Healthcare Investors shows a split view on the stock, with price targets ranging from US$46 to US$54 and ratings spread across Buy, Outperform, Hold, Sector Perform, Underperform, and Underweight.
AMT
US$172.23
American Tower
7D
1.8%
1Y
-15.2%
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$91.17
Ventas
7D
-0.8%
1Y
35.6%
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.