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U.S. Real Estate Sector Analysis

UpdatedJun 11, 2026
DataAggregated Company Financials
Companies273
  • 7D3.3%
  • 3M6.0%
  • 1Y8.5%
  • YTD9.5%

Over the last 7 days, the Real Estate industry has risen 3.1%, driven by gains from Welltower of 5.9%. This means that the industry has gained 7.9% over the past year. Earnings are forecast to grow by 8.3% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 11 Jun 2026US$1.7tUS$338.5bUS$38.7b29.9x42.9x4.9x
Sat, 09 May 2026US$1.6tUS$339.7bUS$39.0b29.3x42.1x4.8x
Mon, 06 Apr 2026US$1.5tUS$334.6bUS$34.6b27.4x44.4x4.6x
Wed, 04 Mar 2026US$1.6tUS$335.5bUS$35.1b29.1x46.5x4.9x
Fri, 30 Jan 2026US$1.5tUS$333.4bUS$31.7b29.1x48x4.6x
Sun, 28 Dec 2025US$1.5tUS$339.2bUS$32.2b29x47.3x4.5x
Tue, 25 Nov 2025US$1.5tUS$338.1bUS$32.8b28.9x46.6x4.5x
Thu, 23 Oct 2025US$1.6tUS$332.0bUS$30.8b29.3x50.6x4.7x
Sat, 20 Sep 2025US$1.5tUS$331.7bUS$30.9b29.2x50.2x4.7x
Mon, 18 Aug 2025US$1.5tUS$331.3bUS$30.9b28.7x48.6x4.5x
Wed, 16 Jul 2025US$1.5tUS$325.8bUS$29.9b30.2x50.4x4.6x
Fri, 13 Jun 2025US$1.5tUS$326.3bUS$29.9b29.4x50.4x4.6x
Sun, 11 May 2025US$1.5tUS$325.3bUS$29.8b28.8x50.1x4.6x
Tue, 08 Apr 2025US$1.4tUS$321.4bUS$28.7b28.1x49.3x4.4x
Thu, 06 Mar 2025US$1.6tUS$325.7bUS$30.0b32.8x53.7x5x
Sat, 01 Feb 2025US$1.6tUS$320.1bUS$27.7b31.9x56.1x4.9x
Mon, 30 Dec 2024US$1.5tUS$320.0bUS$27.4b31.9x55.5x4.8x
Wed, 27 Nov 2024US$1.6tUS$320.1bUS$27.4b35.5x59.1x5.1x
Fri, 25 Oct 2024US$1.6tUS$316.0bUS$27.0b34.3x60.6x5.2x
Sun, 22 Sep 2024US$1.6tUS$315.6bUS$27.2b33.7x60.5x5.2x
Tue, 20 Aug 2024US$1.5tUS$314.6bUS$27.2b33.2x56.5x4.9x
Thu, 18 Jul 2024US$1.5tUS$305.7bUS$27.1b32.9x54.6x4.8x
Sat, 15 Jun 2024US$1.4tUS$306.6bUS$27.7b30.6x50.3x4.6x
Mon, 13 May 2024US$1.4tUS$308.2bUS$27.8b31x49.7x4.5x
Wed, 10 Apr 2024US$1.4tUS$306.7bUS$27.8b30.6x50.7x4.6x
Fri, 08 Mar 2024US$1.4tUS$305.6bUS$28.2b29.9x50.5x4.7x
Sun, 04 Feb 2024US$1.5tUS$323.7bUS$26.9b29.5x53.9x4.5x
Tue, 02 Jan 2024US$1.5tUS$323.1bUS$26.6b30.9x56.9x4.7x
Thu, 30 Nov 2023US$1.4tUS$323.1bUS$26.5b28.3x52.2x4.3x
Sat, 28 Oct 2023US$1.2tUS$326.1bUS$30.3b24.9x40.6x3.8x
Mon, 25 Sep 2023US$1.3tUS$325.2bUS$31.5b27x42x4.1x
Wed, 23 Aug 2023US$1.4tUS$323.2bUS$31.2b28.4x43.7x4.2x
Fri, 21 Jul 2023US$1.4tUS$326.6bUS$34.7b25.7x41.6x4.4x
Sun, 18 Jun 2023US$1.4tUS$314.0bUS$35.5b24.3x38.5x4.4x
Price to Earnings Ratio

38.5x


Total Market Cap: US$1.4tTotal Earnings: US$35.5bTotal Revenue: US$314.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Real Estate Sector Price to Earnings3Y Average 50.1x202420252026
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 41.8x which is lower than its 3-year average PE of 50.1x.
  • 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 3.0% per year over the last three years.
  • Revenues for these companies have grown 2.6% 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-4.05%
Real Estate3.32%
Office REITs8.81%
Health Care REITs5.17%
Retail REITs4.92%
REITS3.43%
Residential REITs3.28%
Industrial REITs2.91%
Hotel and Resort REITs2.66%
Specialized REITs1.89%
Real Estate0.78%
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 347x.
    • Analysts are expecting annual earnings growth of 25.5%, 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 5.8% 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
WELL WelltowerUS$211.365.9%
+US$8.3b		40.7%PB3.4x
AMT American TowerUS$192.505.6%
+US$4.8b		-10.2%PB25.5x
PSA Public StorageUS$323.877.3%
+US$3.8b		7.9%PB11.7x
PLD PrologisUS$145.772.8%
+US$3.7b		34.4%PB2.5x
SPG Simon Property GroupUS$212.824.6%
+US$3.0b		33.3%PB14.3x

Latest News

PSA
US$323.87
Public Storage
7D
7.3%
1Y
7.9%
OPEN
US$4.48
Opendoor Technologies
7D
-8.0%
1Y
637.3%
Narrative Update • Jun 10

OPEN: AI Turnaround And Profit Path Will Test Overvaluation Concerns

Analysts have made a modest upward adjustment to their $-denominated price targets for Opendoor Technologies, citing updated assumptions for revenue growth, profit margins and P/E expectations following recent research, which included one increase, one reduction and a new bullish initiation. Analyst Commentary Recent research on Opendoor Technologies has pointed to a mixed backdrop, with one firm raising its price target, another trimming its target, and a new bullish initiation that leans into a more optimistic long term thesis.
PLD
US$145.77
Prologis
7D
2.8%
1Y
34.4%
O
US$62.11
Realty Income
7D
4.0%
1Y
7.5%
DLR
US$180.78
Digital Realty Trust
7D
-1.5%
1Y
2.8%
IRM
US$123.36
Iron Mountain
7D
-3.6%
1Y
22.2%
AMT
US$192.50
American Tower
7D
5.6%
1Y
-10.2%
LB
US$65.86
LandBridge
7D
-13.3%
1Y
-7.0%
Narrative Update • Jun 07

LB: Data Center Campus And Surface M&A Will Shape Balanced Risk Profile

Analysts have kept their $66.00 price target for LandBridge unchanged. They point to relatively steady assumptions around discount rate, revenue growth, profit margin and future P/E as the basis for maintaining their view.
ZG
US$34.10
Zillow Group
7D
-4.2%
1Y
-51.3%
Narrative Update • Jun 07

ZG: AI Data Flywheel Will Counter Google Listing And Access Threats

Analysts have significantly reduced Zillow Group's average price target, with cuts ranging from about $4 to $15 per share. They cite rising competitive pressure from Google tests in for sale home listings and concerns that changes to listing access could weaken Zillow's traditional lead generation model.
WY
US$24.16
Weyerhaeuser
7D
-1.3%
1Y
-11.7%
BEKE
US$16.00
KE Holdings
7D
-5.4%
1Y
-15.9%
EQIX
US$1,038.33
Equinix
7D
-3.6%
1Y
16.2%
CBRE
US$134.06
CBRE Group
7D
6.4%
1Y
0.2%
Narrative Update • Jun 05

CBRE: Services And Data Centers Will Outweigh AI Disruption Fears

Analysts have raised their fair value estimate for CBRE Group from $142.25 to $149.63, citing updated assumptions around AI-related risks, a modestly lower discount rate, slightly adjusted revenue growth expectations, firmer profit margins, and a somewhat lower future P/E multiple. Analyst Commentary Street research around CBRE Group has been mixed, with some firms outlining supportive views on the core business model and others flagging valuation and sentiment risks.
WELL
US$211.36
Welltower
7D
5.9%
1Y
40.7%
Narrative Update • Jun 03

WELL: Data Platform And Higher Margins Will Support Future Upside Potential

Analysts have lifted their price target on Welltower from $260.00 to about $271.37, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E that collectively support a higher valuation framework. What's in the News Welltower reported Q1 2026 normalized FFO of $1.47 per share, 23% higher year over year, with revenue growth of 38.3% and same store NOI growth of 16.4%, supported by seniors housing occupancy at 88.8% (Source: Q1 2026 earnings reports).
SPG
US$212.82
Simon Property Group
7D
4.6%
1Y
33.3%
VTR
US$84.35
Ventas
7D
6.7%
1Y
33.0%
Narrative Update • May 29

VTR: Improved 2026 Earnings Outlook Will Support Bullish Cash Flow Trajectory

Analysts have lifted their price target on Ventas from $93.10 to $96.65 as they update their assumptions around revenue growth, profit margins and future P/E expectations. What's in the News Ventas updated full year 2026 guidance for attributable net income per share to a range of $0.56 to $0.63, with a midpoint of $0.60, compared with the prior midpoint of $0.57 (company guidance).