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U.S. Real Estate Sector Analysis

UpdatedSep 14, 2025
DataAggregated Company Financials
Companies281
  • 7D0.3%
  • 3M4.3%
  • 1Y-4.5%
  • YTD5.0%

The Real Estate is pretty flat in the last 7 days, but Digital Realty Trust has stood out, gaining 6.3%. As for the longer term, the industry has declined 4.5% in the last year. Looking forward, earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Sep 2025US$1.6tUS$331.7bUS$30.9b29.4x50.6x4.7x
Wed, 13 Aug 2025US$1.5tUS$331.2bUS$30.8b28x48x4.5x
Fri, 11 Jul 2025US$1.5tUS$325.8bUS$29.9b30.1x49.7x4.6x
Sun, 08 Jun 2025US$1.5tUS$326.3bUS$29.9b29.8x50.3x4.6x
Tue, 06 May 2025US$1.5tUS$324.1bUS$29.4b29.1x51.1x4.6x
Thu, 03 Apr 2025US$1.5tUS$321.5bUS$28.7b30.9x53.1x4.7x
Sat, 01 Mar 2025US$1.6tUS$325.4bUS$30.1b32.5x53.5x4.9x
Mon, 27 Jan 2025US$1.5tUS$320.4bUS$28.2b31.6x53.6x4.7x
Wed, 25 Dec 2024US$1.5tUS$320.0bUS$27.4b32.1x56x4.8x
Fri, 22 Nov 2024US$1.6tUS$319.4bUS$27.4b34.6x59.1x5.1x
Sun, 20 Oct 2024US$1.7tUS$314.8bUS$27.0b34.3x61.2x5.2x
Tue, 17 Sep 2024US$1.6tUS$315.4bUS$27.2b33.8x60.6x5.2x
Thu, 15 Aug 2024US$1.5tUS$314.7bUS$27.7b31x55.4x4.9x
Sat, 13 Jul 2024US$1.4tUS$305.7bUS$27.1b32x53.2x4.7x
Mon, 10 Jun 2024US$1.4tUS$306.4bUS$27.7b30.3x49.8x4.5x
Wed, 08 May 2024US$1.4tUS$307.9bUS$28.7b29.4x47.6x4.4x
Fri, 05 Apr 2024US$1.4tUS$306.7bUS$27.8b30.1x50.1x4.5x
Sun, 03 Mar 2024US$1.4tUS$305.5bUS$28.3b29.2x50.2x4.6x
Tue, 30 Jan 2024US$1.5tUS$323.3bUS$26.8b30.9x54.6x4.5x
Thu, 28 Dec 2023US$1.5tUS$323.1bUS$26.5b31.3x57.5x4.7x
Sat, 25 Nov 2023US$1.4tUS$323.0bUS$26.5b28.5x51.8x4.2x
Mon, 23 Oct 2023US$1.2tUS$325.3bUS$31.0b25.9x40.2x3.8x
Wed, 20 Sep 2023US$1.4tUS$325.3bUS$31.5b28x43.7x4.2x
Fri, 18 Aug 2023US$1.4tUS$323.2bUS$31.3b28.7x44.1x4.3x
Sun, 16 Jul 2023US$1.4tUS$325.2bUS$34.4b25.6x42x4.4x
Tue, 13 Jun 2023US$1.4tUS$314.7bUS$35.5b24.2x38.1x4.3x
Thu, 11 May 2023US$1.4tUS$314.4bUS$34.8b23.5x38.8x4.3x
Sat, 08 Apr 2023US$1.3tUS$315.8bUS$38.0b25.1x35.5x4.3x
Mon, 06 Mar 2023US$1.4tUS$315.1bUS$38.1b25.1x37.1x4.5x
Wed, 01 Feb 2023US$1.5tUS$311.0bUS$43.9b26x33.4x4.7x
Fri, 30 Dec 2022US$1.3tUS$311.0bUS$45.2b23.3x29.6x4.3x
Sun, 27 Nov 2022US$1.4tUS$310.9bUS$44.7b24.7x31x4.5x
Tue, 25 Oct 2022US$1.2tUS$308.1bUS$41.8b23.5x29.6x4x
Thu, 22 Sep 2022US$1.4tUS$307.4bUS$41.4b25.6x32.8x4.4x
Price to Earnings Ratio

32.8x


Total Market Cap: US$1.4tTotal Earnings: US$41.4bTotal Revenue: US$307.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Real Estate Sector Price to Earnings3Y Average 47.3x202320242025
Current Industry PE
  • Investors are optimistic on the American Real Estate industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 50.6x which is higher than its 3-year average PE of 47.3x.
  • The industry is trading close to its 3-year average PS ratio of 4.5x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 9.3% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.6% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the U.S. Real Estate sector?

US Market1.73%
Real Estate0.32%
Office REITs1.28%
Industrial REITs1.03%
Real Estate0.84%
Health Care REITs0.82%
Specialized REITs0.25%
Retail REITs0.0022%
Hotel and Resort REITs-0.22%
REITS-0.75%
Residential REITs-0.92%
Industry PE
  • Investors are most optimistic about the Health Care REITs industry which is trading above its 3-year average PE ratio of 293x.
    • Analysts are expecting annual earnings growth of 24.8%, which is lower than the prior year's growth of 39.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 37% over the next 5 years.
  • This is better than its past earnings growth rate of 14% per year.
  • In contrast, the Office REITs industry is expected to see its earnings decline by 15% 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
DLR Digital Realty TrustUS$173.506.3%
+US$3.5b		9.2%PB2.7x
OPEN Opendoor TechnologiesUS$9.0736.4%
+US$1.8b		299.6%PS1.3x
PLD PrologisUS$115.351.5%
+US$1.6b		-11.3%PB2x
EQIX EquinixUS$788.611.9%
+US$1.5b		-9.5%PB5.5x
IRM Iron MountainUS$96.694.9%
+US$1.3b		-17.4%PE690.7x

Latest News

OPEN
US$9.07
Opendoor Technologies
7D
36.4%
1Y
299.6%
DLR
US$173.50
Digital Realty Trust
7D
6.3%
1Y
9.2%
CSGP
US$86.80
CoStar Group
7D
-3.0%
1Y
10.1%

Is CoStar Group (NASDAQ:CSGP) Using Debt Sensibly?

Sep 11
Is CoStar Group (NASDAQ:CSGP) Using Debt Sensibly?
O
US$60.41
Realty Income
7D
1.9%
1Y
-3.7%
IRM
US$96.69
Iron Mountain
7D
4.9%
1Y
-17.4%
VICI
US$33.16
VICI Properties
7D
-1.3%
1Y
-2.4%
CCI
US$95.39
Crown Castle
7D
-0.8%
1Y
-19.7%
EQIX
US$788.61
Equinix
7D
1.9%
1Y
-9.5%
REG
US$71.34
Regency Centers
7D
-3.2%
1Y
-4.5%
WY
US$24.90
Weyerhaeuser
7D
-4.8%
1Y
-23.3%
PSA
US$292.32
Public Storage
7D
-1.8%
1Y
-18.6%

Digital Tools And Urban Densification Will Unlock Self Storage Value

Analysts have largely maintained their price target for Public Storage at $322.74, as cautious optimism about stabilized fundamentals, management’s positive outlook, and international expansion opportunities offset near-term concerns over weaker occupancy and move-in trends. Analyst Commentary Bearish analysts trimmed price targets to reflect Q2 results that showed stability in the storage market, but highlighted weaker occupancy and move-in rate trends—particularly with negative shifts in June and July.
WELL
US$169.13
Welltower
7D
0.8%
1Y
30.4%

Private Fund Management And Acquisitions Will Improve Operational Efficiency

With analyst reasoning unavailable and both revenue growth and discount rate estimates unchanged, the consensus analyst price target for Welltower remained steady at $178.47. What's in the News Welltower repurchased 0 shares for $0 million from April 1, 2025 to June 30, 2025, completing 0% of the buyback announced earlier.
MAA
US$142.20
Mid-America Apartment Communities
7D
-2.2%
1Y
-14.4%

Future Rental Markets Will Benefit From Tight Supply Despite Risks

Mid-America Apartment Communities’ price target remains unchanged as analysts weigh delayed rent growth acceleration, muted near-term fundamentals, and sector underperformance against long-term demand and valuation discounts, keeping the fair value at $159.12. Analyst Commentary Bearish analysts cite a delay in rent growth acceleration, with expectations pushed out to 2026 and below-consensus projections for 2025-26.
PLD
US$115.35
Prologis
7D
1.5%
1Y
-11.3%
BEKE
US$20.07
KE Holdings
7D
5.7%
1Y
49.9%
AMT
US$195.08
American Tower
7D
-1.6%
1Y
-18.2%