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U.S. Real Estate Sector Analysis

UpdatedMay 22, 2026
DataAggregated Company Financials
Companies276
  • 7D1.1%
  • 3M1.5%
  • 1Y11.6%
  • YTD8.4%

The Real Estate is pretty flat in the last 7 days, but American Tower has stood out, gaining 7.8%. The past year has been better, since the industry has gained 11% in that time. Earnings are forecast to grow by 7.9% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 22 May 2026US$1.6tUS$339.0bUS$39.0b29.6x42.2x4.9x
Sun, 19 Apr 2026US$1.7tUS$334.9bUS$35.0b28.6x47.3x4.9x
Tue, 17 Mar 2026US$1.6tUS$335.3bUS$35.4b27.8x44.1x4.6x
Thu, 12 Feb 2026US$1.6tUS$334.4bUS$34.4b30.4x46.6x4.8x
Sat, 10 Jan 2026US$1.5tUS$333.2bUS$32.5b29.1x46.9x4.6x
Mon, 08 Dec 2025US$1.5tUS$338.2bUS$32.8b28.8x46.8x4.5x
Wed, 05 Nov 2025US$1.5tUS$337.6bUS$32.1b27.3x47.3x4.5x
Fri, 03 Oct 2025US$1.6tUS$331.8bUS$31.0b28.6x50.4x4.7x
Sun, 31 Aug 2025US$1.5tUS$331.6bUS$30.9b30.1x50.1x4.7x
Tue, 29 Jul 2025US$1.5tUS$326.3bUS$30.1b30.1x50.8x4.7x
Thu, 26 Jun 2025US$1.5tUS$326.1bUS$29.7b29.5x50.5x4.6x
Sat, 24 May 2025US$1.5tUS$326.6bUS$29.8b27.4x49x4.5x
Mon, 21 Apr 2025US$1.5tUS$321.6bUS$28.6b29.9x50.8x4.5x
Wed, 19 Mar 2025US$1.5tUS$321.5bUS$28.9b31.9x53.2x4.8x
Fri, 14 Feb 2025US$1.6tUS$322.7bUS$27.9b33x56.1x4.9x
Sun, 12 Jan 2025US$1.5tUS$320.0bUS$27.4b29.9x53.5x4.6x
Tue, 10 Dec 2024US$1.6tUS$320.0bUS$27.4b34.7x59.5x5.1x
Thu, 07 Nov 2024US$1.6tUS$318.0bUS$27.4b34.4x59.2x5.1x
Sat, 05 Oct 2024US$1.6tUS$314.6bUS$26.6b33.2x61.1x5.2x
Mon, 02 Sep 2024US$1.6tUS$314.8bUS$27.1b34.3x58.9x5.1x
Wed, 31 Jul 2024US$1.5tUS$311.9bUS$26.1b33x58.1x4.9x
Fri, 28 Jun 2024US$1.4tUS$306.5bUS$27.7b30.7x49.8x4.5x
Sun, 26 May 2024US$1.4tUS$306.4bUS$27.6b30.6x49.5x4.5x
Tue, 23 Apr 2024US$1.3tUS$306.8bUS$28.0b29.2x46.9x4.3x
Thu, 21 Mar 2024US$1.4tUS$306.1bUS$28.2b29.3x49.7x4.6x
Sat, 17 Feb 2024US$1.4tUS$306.4bUS$27.8b30x50.3x4.6x
Mon, 15 Jan 2024US$1.5tUS$323.0bUS$26.6b31.3x56.1x4.6x
Wed, 13 Dec 2023US$1.4tUS$323.1bUS$26.5b29.5x54x4.4x
Fri, 10 Nov 2023US$1.3tUS$323.9bUS$27.1b26.8x48.3x4x
Sun, 08 Oct 2023US$1.3tUS$325.2bUS$31.5b26.3x40.7x3.9x
Tue, 05 Sep 2023US$1.4tUS$319.6bUS$27.6b29.2x49.3x4.3x
Thu, 03 Aug 2023US$1.4tUS$325.5bUS$34.1b27.4x42.2x4.4x
Sat, 01 Jul 2023US$1.4tUS$322.8bUS$34.0b24.2x42.1x4.4x
Mon, 29 May 2023US$1.3tUS$314.8bUS$35.5b23.2x36.5x4.1x
Price to Earnings Ratio

36.5x


Total Market Cap: US$1.3tTotal Earnings: US$35.5bTotal Revenue: US$314.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Real Estate Sector Price to Earnings3Y Average 50x202420252026
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 41.7x which is lower than its 3-year average PE of 50.0x.
  • 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 3.2% 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 Market-0.82%
Real Estate1.08%
Hotel and Resort REITs4.44%
REITS2.63%
Specialized REITs1.87%
Residential REITs1.65%
Retail REITs1.60%
Industrial REITs1.37%
Office REITs0.51%
Health Care REITs-0.74%
Real Estate-0.82%
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 24.2%, 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 6.7% 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$183.787.8%
+US$6.2b		-12.6%PB24.3x
CCI Crown CastleUS$92.045.4%
+US$2.1b		-7.9%PE38.7x
PLD PrologisUS$144.631.4%
+US$1.8b		37.6%PB2.5x
CSGP CoStar GroupUS$33.936.5%
+US$849.4m		-54.2%PE554.2x
SBAC SBA CommunicationsUS$208.073.4%
+US$727.6m		-8.8%PE21.7x

Latest News

CSGP
US$33.93
CoStar Group
7D
6.5%
1Y
-54.2%
AHR
US$50.13
American Healthcare REIT
7D
-2.0%
1Y
47.5%
CTRE
US$41.01
CareTrust REIT
7D
-2.2%
1Y
44.8%
FRMI
US$6.06
Fermi
7D
-17.8%
1Y
n/a
HST
US$22.41
Host Hotels & Resorts
7D
4.0%
1Y
51.1%
Narrative Update • May 19

HST: Strong Lodging Demand And 2026 Outlook Will Support Cautious Upside

Host Hotels & Resorts' fair value estimate edges up from $22.25 to $22.88 as analysts lift price targets across the sector, citing stronger Q1 lodging demand and RevPAR trends while still flagging macro and geopolitical risks. Analyst Commentary Street research on Host Hotels & Resorts has been active, with multiple firms adjusting price targets following recent earnings and broader lodging sector updates.
CBRE
US$131.04
CBRE Group
7D
-1.1%
1Y
8.8%
Narrative Update • May 19

CBRE: Future Returns Will Reflect Limited AI Disruption And Aggressive Share Repurchases

Analysts trimmed their fair value estimate for CBRE Group by about $3 to $178.33, reflecting a lower future P/E assumption of roughly 22.8x, even as they factor in slightly higher revenue growth and profit margin potential and point to recent research that plays down AI disruption risks to the commercial real estate services model. Analyst Commentary Recent research around CBRE Group centers on how AI, sentiment swings and changing return expectations are feeding into valuation work and risk assessments.
CCI
US$92.04
Crown Castle
7D
5.4%
1Y
-7.9%
VICI
US$28.52
VICI Properties
7D
2.3%
1Y
-8.6%
Seeking Alpha • May 18

VICI Properties: Writing Options To Generate Monthly Cash Flow While Attractively Valued

Summary VICI Properties' shares look like they are trading at a discounted valuation relative to its historical trading level and attractive dividend yield. While I'm long a position already, I've been writing put options lately to generate some additional 'income' nearly every month this year. This can provide an attractive alternative to income-focused investors combined with or in place of buying shares outright today. Read the full article on Seeking Alpha
SBAC
US$208.07
SBA Communications
7D
3.4%
1Y
-8.8%
VTR
US$88.00
Ventas
7D
-2.2%
1Y
38.3%
ZG
US$37.25
Zillow Group
7D
-1.6%
1Y
-42.0%
AMT
US$183.78
American Tower
7D
7.8%
1Y
-12.6%
BEKE
US$16.89
KE Holdings
7D
-10.4%
1Y
-7.8%
Narrative Update • May 15

BEKE: Buybacks And Dividend Decision Will Drive Future Re Rating Potential

Analysts have raised their fair value estimate for KE Holdings to about $21 per share, citing updated assumptions for revenue growth, profit margins, and future P/E that are consistent with a series of recent Buy ratings and $23 price targets from major firms. Analyst Commentary Recent Street research around KE Holdings has concentrated around a cluster of Buy ratings and a series of US$23 price targets, which line up with the updated fair value estimate of about US$21 per share.
PLD
US$144.63
Prologis
7D
1.4%
1Y
37.6%
WELL
US$216.01
Welltower
7D
-0.8%
1Y
47.0%
SPG
US$204.90
Simon Property Group
7D
1.0%
1Y
29.7%