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U.S. Real Estate Sector Analysis

UpdatedJul 06, 2026
DataAggregated Company Financials
Companies269
  • 7D-0.5%
  • 3M9.7%
  • 1Y10.5%
  • YTD11.2%

Last week, the Real Estate industry hasn't moved much but Welltower is up 3.7% in that time. The past year has been better, since the industry has gained 10% in that time. As for the next few years, earnings are expected to grow by 8.1% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 06 Jul 2026US$1.7tUS$337.3bUS$38.7b30.9x43.7x5x
Wed, 03 Jun 2026US$1.6tUS$338.8bUS$38.9b29x41.2x4.7x
Fri, 01 May 2026US$1.6tUS$339.6bUS$36.6b29.1x44.4x4.8x
Sun, 29 Mar 2026US$1.5tUS$333.3bUS$35.1b27.1x42.4x4.5x
Tue, 24 Feb 2026US$1.6tUS$335.2bUS$34.2b30.3x47.1x4.8x
Thu, 22 Jan 2026US$1.5tUS$333.2bUS$32.5b29.4x47.6x4.6x
Sat, 20 Dec 2025US$1.5tUS$338.2bUS$32.8b29x46x4.5x
Mon, 17 Nov 2025US$1.5tUS$338.1bUS$32.7b28.6x46.6x4.5x
Wed, 15 Oct 2025US$1.5tUS$331.7bUS$31.0b27.8x48.7x4.5x
Fri, 12 Sep 2025US$1.5tUS$331.7bUS$30.9b29.7x50x4.7x
Sun, 10 Aug 2025US$1.5tUS$331.6bUS$31.0b28.4x48x4.5x
Tue, 08 Jul 2025US$1.5tUS$325.8bUS$29.9b29.9x50.2x4.6x
Thu, 05 Jun 2025US$1.5tUS$326.3bUS$29.9b29.4x49.9x4.6x
Sat, 03 May 2025US$1.5tUS$324.0bUS$29.5b29.1x50.4x4.6x
Mon, 31 Mar 2025US$1.5tUS$321.3bUS$28.9b30.7x52.4x4.7x
Wed, 26 Feb 2025US$1.6tUS$323.8bUS$29.1b30.6x54.6x4.9x
Fri, 24 Jan 2025US$1.5tUS$320.2bUS$28.2b31.3x54.4x4.8x
Sun, 22 Dec 2024US$1.5tUS$320.0bUS$27.4b31.9x55.4x4.7x
Tue, 19 Nov 2024US$1.6tUS$319.6bUS$27.4b34.5x58.3x5x
Thu, 17 Oct 2024US$1.7tUS$314.7bUS$26.9b34.1x61.3x5.2x
Sat, 14 Sep 2024US$1.6tUS$315.4bUS$27.2b34.1x60.2x5.2x
Mon, 12 Aug 2024US$1.5tUS$314.1bUS$27.6b30x55.5x4.9x
Wed, 10 Jul 2024US$1.4tUS$305.7bUS$27.1b30.7x51.4x4.6x
Fri, 07 Jun 2024US$1.4tUS$306.4bUS$27.5b30.7x50.7x4.5x
Sun, 05 May 2024US$1.4tUS$307.2bUS$28.6b29.5x47.4x4.4x
Tue, 02 Apr 2024US$1.4tUS$306.8bUS$27.9b31.4x51.3x4.7x
Thu, 29 Feb 2024US$1.4tUS$305.8bUS$28.5b29.6x48.7x4.5x
Sat, 27 Jan 2024US$1.5tUS$323.5bUS$26.9b30.6x54.5x4.5x
Mon, 25 Dec 2023US$1.5tUS$323.1bUS$26.5b31x56.8x4.7x
Wed, 22 Nov 2023US$1.4tUS$323.0bUS$26.5b28.4x51.3x4.2x
Fri, 20 Oct 2023US$1.3tUS$325.3bUS$31.0b25.9x40.5x3.9x
Sun, 17 Sep 2023US$1.4tUS$324.0bUS$31.7b28.3x43.9x4.3x
Tue, 15 Aug 2023US$1.4tUS$322.7bUS$31.4b29.7x45x4.4x
Thu, 13 Jul 2023US$1.4tUS$325.1bUS$34.4b25.4x41.8x4.4x
Price to Earnings Ratio

41.8x


Total Market Cap: US$1.4tTotal Earnings: US$34.4bTotal Revenue: US$325.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Real Estate Sector Price to Earnings3Y Average 50.2x202420252026
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 43.7x which is lower than its 3-year average PE of 50.2x.
  • 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 4.0% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the U.S. Real Estate sector?

US Market1.63%
Real Estate-0.45%
Office REITs3.50%
Real Estate3.47%
Health Care REITs3.22%
Residential REITs1.53%
Industrial REITs-0.15%
Retail REITs-0.55%
REITS-0.79%
Hotel and Resort REITs-4.32%
Specialized REITs-4.70%
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 348x.
    • Analysts are expecting annual earnings growth of 24.2%, which is lower than the prior year's growth of 30.0% 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 7.4% 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$236.063.7%
+US$5.9b		53.1%PB3.8x
CBRE CBRE GroupUS$141.584.0%
+US$1.6b		-0.7%PE31.6x
VTR VentasUS$92.523.6%
+US$1.6b		46.8%PB3.4x
PSA Public StorageUS$329.641.6%
+US$911.3m		12.9%PB11.9x
O Realty IncomeUS$63.841.3%
+US$746.0m		11.0%PB1.5x

Latest News

CCI
US$76.60
Crown Castle
7D
-2.6%
1Y
-24.8%
Seeking Alpha • 8h

Crown Castle: A Pure-Play Tower Bargain After The Fiber Exit

Summary Crown Castle Inc. offers a compelling long-term value and income opportunity amid a transitional 2026, trading near 52-week lows with a 5.55% yield. CCI’s pure-play U.S. tower focus, cost reductions, and capital redeployment position it for organic growth and enhanced operating efficiency post-fiber divestiture. Forward P/FFO of 19.3 is below historical norms, with analysts projecting 8%–13% annual FFO/share growth over the next three years. SpaceX and DISH risks remain, but CCI’s durable core business and essential infrastructure underpin a 'Buy' rating for patient dividend investors. Read the full article on Seeking Alpha
JLL
US$327.46
Jones Lang LaSalle
7D
4.6%
1Y
26.7%
FRMI
US$8.06
Fermi
7D
-14.7%
1Y
n/a
BEKE
US$15.09
KE Holdings
7D
3.7%
1Y
-16.4%
Narrative Update • Jul 03

BEKE: Share Repurchases And Q1 Profit Beat Will Drive Re Rating Potential

Analysts have lifted the implied fair value for KE Holdings from about $21.0 to $22.8, reflecting higher price targets in the $23 to $26 range after they updated models and earnings expectations following the Q1 profit beat. Analyst Commentary Recent research on KE Holdings has been largely supportive, with several bullish analysts revising their models after the Q1 profit beat and setting higher price targets in the low to mid US$20s.
O
US$63.84
Realty Income
7D
1.3%
1Y
11.0%
HST
US$23.35
Host Hotels & Resorts
7D
-6.3%
1Y
45.8%
Narrative Update • Jul 02

HST: Strong RevPAR Trends Are Expected To Support Higher Future P/E

Host Hotels & Resorts' analyst price target has shifted higher to $28.00 from $25.52, reflecting analysts' updated views around stronger than expected RevPAR trends, refreshed lodging REIT models following recent earnings and conference updates, and generally low expectations that leave room for potential upside, even as World Cup related demand remains uncertain. Analyst Commentary Recent Street research around Host Hotels & Resorts highlights a cluster of upward price target revisions, with bullish analysts pointing to RevPAR trends, refreshed lodging REIT models and low starting expectations as key supports for their views on the stock.
IRM
US$117.16
Iron Mountain
7D
-9.9%
1Y
16.8%
AHR
US$55.04
American Healthcare REIT
7D
5.8%
1Y
49.5%
EQIX
US$1,002.02
Equinix
7D
-7.7%
1Y
28.9%
DLR
US$173.30
Digital Realty Trust
7D
-9.1%
1Y
1.0%
WELL
US$236.06
Welltower
7D
3.7%
1Y
53.1%
PSA
US$329.64
Public Storage
7D
1.6%
1Y
12.9%
Seeking Alpha • Jul 01

Public Storage: Earn Up To 6% Yield On This Self-Storage King

Summary Public Storage demonstrates sector-leading scale, strong margins, and a fortress A-rated balance sheet in the self-storage REIT space. Recent results show stabilizing fundamentals: improved occupancy, lower churn, and better-than-expected move-in rents, supporting same-store NOI amidst normalization. The pending National Storage Affiliates acquisition is set to deepen Sunbelt exposure, deliver $120M in cost synergies, and drive 2–3% FFO/share accretion by year 3. PSA common shares are reasonably valued at 18.8x P/FFO; PSA-F preferred offers a 6.6% yield, trading at a 21% discount to par, and appears more attractive for income. Read the full article on Seeking Alpha
AMT
US$166.03
American Tower
7D
-1.6%
1Y
-24.5%
VTR
US$92.52
Ventas
7D
3.6%
1Y
46.8%
CBRE
US$141.58
CBRE Group
7D
4.0%
1Y
-0.7%
WY
US$23.79
Weyerhaeuser
7D
-3.4%
1Y
-7.2%
Narrative Update • Jun 25

WY: Buybacks And Margins Will Support Future Upside Potential

Analysts have modestly adjusted their price target for Weyerhaeuser to $31.18, reflecting updated views on the company’s discount rate, profit margin and forward P/E assumptions. What’s in the News for Weyerhaeuser Between January 1, 2026 and March 31, 2026, Weyerhaeuser repurchased 409,043 shares for US$10 million, representing 0.06% of its shares under an existing buyback program.