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U.S. Real Estate Sector Analysis

UpdatedApr 08, 2026
DataAggregated Company Financials
Companies275
  • 7D1.6%
  • 3M1.9%
  • 1Y13.3%
  • YTD1.6%

Over the last 7 days, the Real Estate industry has risen 1.6%, and SBA Communications contributed the most with a gain of 20%. During this same period, the Fermi underperformed, falling 15%. This takes the industry's 12 month performance to a gain of 13%. 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
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
Sun, 23 Jul 2023US$1.4tUS$326.6bUS$34.7b25.5x41.7x4.4x
Tue, 20 Jun 2023US$1.4tUS$314.0bUS$35.5b24.3x38.5x4.4x
Thu, 18 May 2023US$1.3tUS$314.4bUS$34.8b23.3x38x4.2x
Sat, 15 Apr 2023US$1.3tUS$316.3bUS$37.7b24.4x35.2x4.2x
Price to Earnings Ratio

35.2x


Total Market Cap: US$1.3tTotal Earnings: US$37.7bTotal Revenue: US$316.3bTotal 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 2.8% 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 Market1.21%
Real Estate1.57%
REITS2.81%
Residential REITs2.37%
Health Care REITs2.08%
Retail REITs1.99%
Specialized REITs1.64%
Industrial REITs1.04%
Office REITs0.32%
Real Estate-0.037%
Hotel and Resort REITs-0.049%
Industry PE
  • Investors are most optimistic about the Health Care REITs industry which is trading above its 3-year average PE ratio of 331x.
    • Analysts are expecting annual earnings growth of 27.4%, 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 16% 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
SBAC SBA CommunicationsUS$205.8619.6%
+US$3.6b		-1.3%PE20.7x
EQIX EquinixUS$1.01k2.8%
+US$3.0b		36.1%PB7x
WELL WelltowerUS$201.582.0%
+US$2.7b		47.7%PB3.3x
CCI Crown CastleUS$84.914.4%
+US$1.6b		-10.5%PE33.6x
PSA Public StorageUS$279.243.1%
+US$1.5b		4.9%PB10x

Latest News

ZG
US$40.92
Zillow Group
7D
-1.1%
1Y
-31.5%
SBAC
US$205.86
SBA Communications
7D
19.6%
1Y
-1.3%
CCI
US$84.91
Crown Castle
7D
4.4%
1Y
-10.5%
CSGP
US$39.48
CoStar Group
7D
-2.1%
1Y
-46.1%

CSGP: Activist Pressure And AI Investments Will Shape Residential Margin Recovery

Analysts have trimmed CoStar Group's average price target by around $10 to reflect recent Q4 bookings softness, a more cautious mid term revenue outlook, and questions around segment disclosure, while still pointing to resilient core commercial performance and ongoing investments in Homes.com as key factors in their updated models. Analyst Commentary Recent research paints a mixed picture for CoStar Group, with most firms trimming price targets but keeping generally constructive views on the underlying commercial franchise and the long term potential of Homes.com.
COMP
US$6.68
Compass
7D
-8.6%
1Y
-12.2%
SPG
US$190.57
Simon Property Group
7D
2.2%
1Y
35.8%

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$44.13
Alexandria Real Estate Equities
7D
-4.9%
1Y
-42.6%

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

Apr 05
EQIX
US$1,007.29
Equinix
7D
2.8%
1Y
36.1%
NMRK
US$14.65
Newmark Group
7D
-2.3%
1Y
43.1%
OPEN
US$4.55
Opendoor Technologies
7D
-2.8%
1Y
369.8%

OPEN: Margin Cohorts And Acquisition Ramp Will Support Future Earnings Turnaround

Narrative Update Analysts have raised their price targets on Opendoor Technologies by a few dollars per share, citing higher assumptions for future gross margins and contribution margins. They still expect the company to report losses relative to management's goal of achieving positive adjusted net income by year end.
FRMI
US$4.94
Fermi
7D
-15.4%
1Y
n/a
WY
US$24.02
Weyerhaeuser
7D
-1.7%
1Y
-3.2%
PLD
US$133.22
Prologis
7D
0.8%
1Y
48.4%
WELL
US$201.58
Welltower
7D
2.0%
1Y
47.7%

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$279.24
Public Storage
7D
3.1%
1Y
4.9%
O
US$62.23
Realty Income
7D
1.7%
1Y
19.1%