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U.S. Real Estate Sector Analysis

UpdatedAug 22, 2025
DataAggregated Company Financials
Companies283
  • 7D1.2%
  • 3M4.1%
  • 1Y-2.3%
  • YTD1.7%

In the last week, the Real Estate industry is up 1.2%, with Prologis up 5.3%. Overall in the last year, the industry is flat. 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
Sat, 23 Aug 2025US$1.5tUS$331.3bUS$31.0b29.1x49x4.6x
Mon, 21 Jul 2025US$1.5tUS$326.0bUS$29.6b29.9x49.3x4.5x
Wed, 18 Jun 2025US$1.5tUS$326.3bUS$29.9b29.2x50x4.6x
Fri, 16 May 2025US$1.5tUS$326.5bUS$29.8b28.4x49.5x4.5x
Sun, 13 Apr 2025US$1.4tUS$321.4bUS$28.7b28.9x48.9x4.4x
Tue, 11 Mar 2025US$1.6tUS$326.5bUS$30.0b32.8x53.3x4.9x
Thu, 06 Feb 2025US$1.5tUS$320.6bUS$27.8b32.5x55.5x4.8x
Sat, 04 Jan 2025US$1.5tUS$320.0bUS$27.4b31.8x55.2x4.7x
Mon, 02 Dec 2024US$1.7tUS$320.0bUS$27.4b35.2x61x5.2x
Wed, 30 Oct 2024US$1.6tUS$316.1bUS$26.3b34.2x62x5.2x
Fri, 27 Sep 2024US$1.7tUS$315.7bUS$27.2b33.8x60.8x5.2x
Sun, 25 Aug 2024US$1.6tUS$314.6bUS$27.1b33.9x58x5x
Tue, 23 Jul 2024US$1.5tUS$305.1bUS$26.9b32.8x54.8x4.8x
Thu, 20 Jun 2024US$1.4tUS$306.5bUS$27.7b30.1x50.2x4.5x
Sat, 18 May 2024US$1.4tUS$306.9bUS$27.9b30.9x50.8x4.6x
Mon, 15 Apr 2024US$1.4tUS$306.7bUS$27.8b28.9x48.9x4.4x
Wed, 13 Mar 2024US$1.4tUS$305.7bUS$28.1b29.6x50.9x4.7x
Fri, 09 Feb 2024US$1.4tUS$305.8bUS$26.6b29.8x51.4x4.5x
Sun, 07 Jan 2024US$1.5tUS$323.0bUS$26.6b30.9x55.8x4.6x
Tue, 05 Dec 2023US$1.4tUS$323.0bUS$26.5b29.6x54.1x4.4x
Thu, 02 Nov 2023US$1.3tUS$326.4bUS$27.4b26.1x45.8x3.8x
Sat, 30 Sep 2023US$1.3tUS$325.2bUS$31.5b26.8x41.3x4x
Mon, 28 Aug 2023US$1.4tUS$323.2bUS$31.2b28.5x44.2x4.3x
Wed, 26 Jul 2023US$1.5tUS$326.2bUS$34.4b25.8x42.2x4.5x
Fri, 23 Jun 2023US$1.3tUS$314.0bUS$35.5b23.3x37.8x4.3x
Sun, 21 May 2023US$1.3tUS$314.9bUS$35.5b23.4x36.9x4.2x
Tue, 18 Apr 2023US$1.4tUS$316.3bUS$37.7b24.6x36x4.3x
Thu, 16 Mar 2023US$1.3tUS$315.1bUS$38.1b23.7x35.3x4.3x
Sat, 11 Feb 2023US$1.5tUS$307.0bUS$43.1b24.7x33.8x4.7x
Mon, 09 Jan 2023US$1.4tUS$311.2bUS$45.2b23.4x30.1x4.4x
Wed, 07 Dec 2022US$1.4tUS$311.1bUS$45.1b24.5x30.3x4.4x
Fri, 04 Nov 2022US$1.3tUS$310.1bUS$44.1b24.4x29.1x4.1x
Sun, 02 Oct 2022US$1.3tUS$307.4bUS$41.4b23.8x30.8x4.1x
Tue, 30 Aug 2022US$1.5tUS$307.5bUS$41.4b28x35.9x4.8x
Price to Earnings Ratio

35.9x


Total Market Cap: US$1.5tTotal Earnings: US$41.4bTotal Revenue: US$307.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Real Estate Sector Price to Earnings3Y Average 47x202320242025
Current Industry PE
  • Investors are relatively neutral on the American Real Estate industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 47.0x.
  • 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 9.2% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.5% 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 Market-1.60%
Real Estate1.23%
Health Care REITs3.12%
Industrial REITs2.02%
REITS1.74%
Retail REITs1.59%
Specialized REITs1.05%
Residential REITs0.99%
Hotel and Resort REITs0.22%
Office REITs-0.75%
Real Estate-0.78%
Industry PE
  • Investors are most optimistic about the Health Care REITs industry which is trading above its 3-year average PE ratio of 283x.
    • Analysts are expecting annual earnings growth of 24.3%, 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 32% over the next 5 years.
  • This is better than its past earnings growth rate of 17% per year.
  • In contrast, the Office REITs industry is expected to see its earnings decline by 13% 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
PLD PrologisUS$112.285.3%
+US$5.3b		-12.9%PB2x
AMT American TowerUS$211.882.8%
+US$2.7b		-6.7%PB26.7x
PSA Public StorageUS$293.713.8%
+US$1.9b		-13.9%PB10.3x
CBRE CBRE GroupUS$164.413.4%
+US$1.6b		40.5%PE44.2x
OPEN Opendoor TechnologiesUS$5.0158.0%
+US$1.3b		122.7%PS0.7x

Latest News

EXR
US$142.75
Extra Space Storage
7D
4.2%
1Y
-19.9%
LINE
US$40.28
Lineage
7D
-1.0%
1Y
-53.1%
SUI
US$127.04
Sun Communities
7D
-0.6%
1Y
-4.5%
AIV
US$7.77
Apartment Investment and Management
7D
-1.4%
1Y
-12.8%
NLOP
US$29.98
Net Lease Office Properties
7D
-9.4%
1Y
-0.8%
SPG
US$176.56
Simon Property Group
7D
1.9%
1Y
6.0%
OPEN
US$5.01
Opendoor Technologies
7D
58.0%
1Y
122.7%

High Mortgage Rates Will Challenge Valuations While Tech Upsides Unfold

Despite a substantial decline in consensus revenue growth forecasts and a higher future P/E ratio indicating increased valuation risk, the consensus analyst price target for Opendoor Technologies has been modestly raised from $1.17 to $1.23. What's in the News Opendoor received a Nasdaq notice for non-compliance with minimum $1.00 bid price; has 180 days to regain compliance, with possible additional 180-day extension and may conduct a reverse stock split if needed.
AMT
US$211.88
American Tower
7D
2.8%
1Y
-6.7%
CBRE
US$164.41
CBRE Group
7D
3.4%
1Y
40.5%
PGRE
US$6.80
Paramount Group
7D
-0.6%
1Y
36.3%
ELS
US$60.47
Equity LifeStyle Properties
7D
-0.3%
1Y
-14.1%
PSA
US$293.71
Public Storage
7D
3.8%
1Y
-13.9%
MRNO
US$5.75
Murano Global Investments
7D
-7.4%
1Y
-7.4%
WELL
US$164.43
Welltower
7D
0.9%
1Y
37.7%
NTST
US$18.52
NETSTREIT
7D
-1.4%
1Y
9.9%
PLD
US$112.28
Prologis
7D
5.3%
1Y
-12.9%