Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Real Estate Sector Analysis

UpdatedApr 07, 2026
DataAggregated Company Financials
Companies275
  • 7D2.6%
  • 3M0.6%
  • 1Y10.2%
  • YTD1.4%

Over the last 7 days, the Real Estate industry has risen 2.6%, and Equinix contributed the most with a gain of 5.4%. During this same period, the Alexandria Real Estate Equities underperformed, falling 7.0%. This takes the industry's 12 month performance to a gain of 10%. Earnings are forecast to grow by 8.9% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 07 Apr 2026US$1.5tUS$334.6bUS$34.6b27.4x44.4x4.6x
Thu, 05 Mar 2026US$1.6tUS$335.5bUS$35.2b28.9x46x4.8x
Sat, 31 Jan 2026US$1.5tUS$333.3bUS$31.7b29.1x48.7x4.6x
Mon, 29 Dec 2025US$1.5tUS$339.2bUS$32.2b29x47.3x4.5x
Wed, 26 Nov 2025US$1.5tUS$338.2bUS$32.8b29.3x46.8x4.5x
Fri, 24 Oct 2025US$1.6tUS$332.0bUS$31.0b29.2x50.4x4.7x
Sun, 21 Sep 2025US$1.5tUS$331.7bUS$30.9b29.2x49.8x4.6x
Tue, 19 Aug 2025US$1.5tUS$331.2bUS$30.9b28.6x48.6x4.5x
Thu, 17 Jul 2025US$1.5tUS$325.8bUS$29.9b30.5x49.8x4.6x
Sat, 14 Jun 2025US$1.5tUS$326.3bUS$29.9b29.2x50.6x4.6x
Mon, 12 May 2025US$1.5tUS$325.3bUS$29.8b28.8x50.1x4.6x
Wed, 09 Apr 2025US$1.4tUS$321.3bUS$28.7b27.2x47.9x4.3x
Fri, 07 Mar 2025US$1.6tUS$325.9bUS$30.0b32.5x54.4x5x
Sun, 02 Feb 2025US$1.5tUS$320.1bUS$27.7b31.9x55.9x4.8x
Tue, 31 Dec 2024US$1.5tUS$320.0bUS$27.4b31.7x55.5x4.8x
Thu, 28 Nov 2024US$1.7tUS$320.0bUS$27.4b35.6x60.9x5.2x
Sat, 26 Oct 2024US$1.6tUS$315.9bUS$26.1b34.6x62.7x5.2x
Mon, 23 Sep 2024US$1.6tUS$315.6bUS$27.2b33.7x60.5x5.2x
Wed, 21 Aug 2024US$1.5tUS$314.6bUS$27.2b33.2x57x4.9x
Fri, 19 Jul 2024US$1.5tUS$305.0bUS$26.9b32.9x55.2x4.9x
Sun, 16 Jun 2024US$1.4tUS$306.5bUS$27.7b30.9x50.2x4.5x
Tue, 14 May 2024US$1.4tUS$308.2bUS$27.8b31x49.9x4.5x
Thu, 11 Apr 2024US$1.4tUS$306.7bUS$27.8b29.6x51.3x4.6x
Sat, 09 Mar 2024US$1.4tUS$305.6bUS$28.2b30.1x51x4.7x
Mon, 05 Feb 2024US$1.5tUS$323.7bUS$26.9b29.5x53.9x4.5x
Wed, 03 Jan 2024US$1.5tUS$323.0bUS$26.6b30.9x57.3x4.7x
Fri, 01 Dec 2023US$1.4tUS$323.1bUS$26.5b28.2x52.5x4.3x
Sun, 29 Oct 2023US$1.2tUS$326.2bUS$30.2b24.9x40.6x3.8x
Tue, 26 Sep 2023US$1.3tUS$325.2bUS$31.5b26.9x42x4.1x
Thu, 24 Aug 2023US$1.4tUS$323.2bUS$31.2b28.8x44.3x4.3x
Sat, 22 Jul 2023US$1.4tUS$326.6bUS$34.7b25.5x41.7x4.4x
Mon, 19 Jun 2023US$1.4tUS$314.0bUS$35.5b24.3x38.5x4.4x
Wed, 17 May 2023US$1.3tUS$314.3bUS$34.8b22.6x37.6x4.2x
Fri, 14 Apr 2023US$1.3tUS$315.9bUS$38.1b24.7x35.3x4.3x
Price to Earnings Ratio

35.3x


Total Market Cap: US$1.3tTotal Earnings: US$38.1bTotal Revenue: US$315.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Real Estate Sector Price to Earnings3Y Average 49.7x202420252026
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 44.4x which is lower than its 3-year average PE of 49.7x.
  • 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 declined 3.1% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 Market4.40%
Real Estate2.55%
Specialized REITs3.93%
Residential REITs2.55%
Industrial REITs2.34%
Retail REITs2.29%
Health Care REITs2.01%
Real Estate1.46%
REITS0.98%
Office REITs0.97%
Hotel and Resort REITs0.80%
Industry PE
  • Investors are most optimistic about the Health Care REITs industry which is trading above its 3-year average PE ratio of 330x.
    • Analysts are expecting annual earnings growth of 27.5%, which is higher than its past year's earnings growth of 12.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings decline of 0.3% per year.
  • In contrast, the Office REITs industry is expected to see its earnings decline by 18% 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$1.02k5.4%
+US$5.1b		35.9%PB7.1x
SBAC SBA CommunicationsUS$212.4225.1%
+US$4.5b		-0.9%PE21.3x
WELL WelltowerUS$200.912.9%
+US$3.9b		44.7%PB3.3x
PLD PrologisUS$132.352.8%
+US$3.3b		40.0%PB2.3x
CCI Crown CastleUS$86.578.6%
+US$3.0b		-11.9%PE34.2x

Latest News

SBAC
US$212.42
SBA Communications
7D
25.1%
1Y
-0.9%

SBA Communications: Shares Jump On Potential Takeover, But Uncertainty Remains High (Rating Downgrade)

Apr 07
AMT
US$176.14
American Tower
7D
3.4%
1Y
-17.5%
SPG
US$190.23
Simon Property Group
7D
4.3%
1Y
32.7%

SPG: Future Returns Will Reflect Strong Malls Buybacks And Leadership Transition

Simon Property Group's fair value estimate edges up to $206.30 from $206.15, reflecting analysts' higher price targets across the Street as they refresh models after Q4 retail REIT updates and factor in solid operating metrics along with modest adjustments to discount rates and future P/E assumptions. Analyst Commentary Recent research updates cluster on the positive side for Simon Property Group, with most firms lifting price targets following Q4 retail REIT reporting and model refreshes.
ARE
US$43.05
Alexandria Real Estate Equities
7D
-7.0%
1Y
-44.7%

Alexandria Real Estate: My Plan To Wait It Out Fell Apart

Apr 05
EQIX
US$1,016.08
Equinix
7D
5.4%
1Y
35.9%
KRG
US$24.59
Kite Realty Group Trust
7D
0.6%
1Y
21.7%
WY
US$24.20
Weyerhaeuser
7D
-0.3%
1Y
-5.0%
FRMI
US$5.13
Fermi
7D
-4.3%
1Y
n/a
FCPT
US$23.44
Four Corners Property Trust
7D
-2.0%
1Y
-12.5%
SVC
US$1.31
Service Properties Trust
7D
-26.8%
1Y
-27.6%
PLD
US$132.35
Prologis
7D
2.8%
1Y
40.0%
WELL
US$200.91
Welltower
7D
2.9%
1Y
44.7%

WELL: Data Science Alliance And 2026 Earnings Outlook Will Support Future Upside

Analysts have raised their price target for Welltower from $228.10 to $229.30, reflecting updated assumptions related to discount rates, revenue growth, profit margins, and future P/E expectations. What's in the News Welltower and Public Storage announced a data science partnership that combines Welltower's capital allocation models with Public Storage's operational and pricing analytics to support more targeted real estate investments and operations (Key Developments).
PSA
US$280.89
Public Storage
7D
5.9%
1Y
1.9%
CCI
US$86.57
Crown Castle
7D
8.6%
1Y
-11.9%

CCI: Post 2026 Divestiture And Refocused Towers Will Ultimately Outweigh EchoStar Overhang

Analysts have trimmed their average price target for Crown Castle by a small amount to reflect slightly weaker organic growth expectations and modestly lower margin and revenue assumptions, even as some still highlight potential benefits from the planned small cell and fiber divestiture and a possible move toward low single digit revenue growth. Analyst Commentary Recent research on Crown Castle reflects a split view, with some focusing on the potential for a cleaner, tower-focused business after the planned small cell and fiber divestiture, and others concentrating on slower organic growth and trimmed leasing expectations.
ALX
US$228.26
Alexander's
7D
-3.7%
1Y
16.0%
HBNB
US$7.53
Hotel101 Global Holdings
7D
-3.0%
1Y
-29.8%

Hotel101 Global: A Scalable Hospitality Platform Built to Compound

Exceptional investments are often hiding behind familiar labels. Hotel101 Global Holdings may appear, at first glance, to be just another hotel company.