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U.S. REITS Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies20
  • 7D2.5%
  • 3M23.4%
  • 1Y8.1%
  • YTD3.6%

In the last week, the REITS industry is up 2.5%, with W. P. Carey up 3.9%. In the same time, MacKenzie Realty Capital was down 6.9%. This takes the industry's 12 month performance to a gain of 8.1%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

Has the U.S. REITS Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026US$39.1bUS$6.9b-US$127,240,621.0030.2x-307.2x5.7x
Tue, 03 Mar 2026US$43.1bUS$7.2b-US$26,519,157.0029.3x-1624.4x6x
Thu, 29 Jan 2026US$34.5bUS$7.5b-US$252,955,402.0032.4x-136.3x4.6x
Sat, 27 Dec 2025US$38.6bUS$7.5b-US$252,955,402.0031.9x-152.8x5.1x
Mon, 24 Nov 2025US$33.5bUS$6.0bUS$427.0m27.6x78.4x5.6x
Wed, 22 Oct 2025US$34.0bUS$6.1bUS$423.7m30.8x80.3x5.6x
Fri, 19 Sep 2025US$34.6bUS$6.1bUS$448.2m32.9x77.2x5.7x
Sun, 17 Aug 2025US$33.6bUS$6.2bUS$470.6m27x71.3x5.4x
Tue, 15 Jul 2025US$33.8bUS$6.3bUS$598.5m27.5x56.4x5.4x
Thu, 12 Jun 2025US$34.4bUS$6.3bUS$598.5m27.9x57.5x5.5x
Sat, 10 May 2025US$32.9bUS$6.2bUS$544.6m27.3x60.5x5.3x
Mon, 07 Apr 2025US$34.0bUS$7.1bUS$745.2m25.8x45.6x4.8x
Wed, 05 Mar 2025US$37.5bUS$7.0bUS$871.9m29.7x43x5.4x
Fri, 31 Jan 2025US$34.3bUS$7.0bUS$879.2m25.5x39x4.9x
Sun, 29 Dec 2024US$35.0bUS$7.0bUS$878.8m27.3x39.9x5x
Tue, 26 Nov 2024US$35.1bUS$7.0bUS$915.5m29.6x38.3x5x
Thu, 24 Oct 2024US$38.2bUS$7.0bUS$631.2m28x60.5x5.5x
Sat, 21 Sep 2024US$39.3bUS$6.9bUS$648.3m27x60.7x5.7x
Mon, 19 Aug 2024US$35.8bUS$6.9bUS$629.3m27x57x5.2x
Wed, 17 Jul 2024US$35.9bUS$6.8bUS$676.6m27.5x53.1x5.3x
Fri, 14 Jun 2024US$33.6bUS$6.9bUS$664.0m24.2x50.6x4.9x
Sun, 12 May 2024US$34.2bUS$6.9bUS$730.3m24.1x46.9x5x
Tue, 09 Apr 2024US$33.0bUS$6.6bUS$760.5m25.9x43.5x5x
Thu, 07 Mar 2024US$32.4bUS$6.5bUS$882.2m27.5x36.7x4.9x
Sat, 03 Feb 2024US$83.7bUS$21.2bUS$890.2m26.6x94.1x4x
Mon, 01 Jan 2024US$85.9bUS$21.3bUS$878.7m27.7x97.8x4x
Wed, 29 Nov 2023US$82.6bUS$21.3bUS$878.5m24x94x3.9x
Fri, 27 Oct 2023US$79.2bUS$21.1bUS$1.0b20.7x78x3.8x
Sun, 24 Sep 2023US$81.7bUS$21.1bUS$1.0b22.4x80x3.9x
Tue, 22 Aug 2023US$82.6bUS$21.1bUS$1.0b23.4x80.8x3.9x
Thu, 20 Jul 2023US$84.7bUS$20.9bUS$1.2b23.5x72x4.1x
Sat, 17 Jun 2023US$82.9bUS$12.0bUS$2.6b20.7x31.8x6.9x
Mon, 15 May 2023US$82.3bUS$12.2bUS$2.6b19.6x31.4x6.7x
Wed, 12 Apr 2023US$85.0bUS$12.4bUS$2.5b25.8x34.5x6.9x
Price to Earnings Ratio

34.5x


Total Market Cap: US$85.0bTotal Earnings: US$2.5bTotal Revenue: US$12.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. REITS Industry Price to Earnings3Y Average -2.4x202420252026
Current Industry PE
  • Investors are optimistic on the American REITs industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 5.1x is lower than the industry's current PS ratio of 5.7x.
Past Earnings Growth
  • Total earnings for the REITs industry have declined over the last three years, with the industry now making a loss overall.
  • Revenues have also declined 18% per year, which is driving profits down.

Industry Trends

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

US Market3.46%
Real Estate2.85%
REITS2.54%
Industrial REITs3.32%
Retail REITs3.27%
Residential REITs3.08%
Specialized REITs2.88%
Diversified REITs2.54%
Healthcare REITs2.38%
Office REITs2.01%
Hotel and Resort REITs1.22%
Industry PE
  • Investors are most optimistic about the Healthcare REITs industry which is trading above its 3-year average PE ratio of 355x.
    • Analysts are expecting annual earnings growth of 27.5%, which is higher than its past year's earnings growth of 12.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings growth rate of 13% per year.
  • In contrast, the Office REITs industry is expected to see its earnings decline by 18% 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
WPC W. P. CareyUS$70.253.9%
+US$578.9m		18.8%PB1.9x
EPRT Essential Properties Realty TrustUS$30.851.5%
+US$98.6m		0.4%PB1.5x
GNL Global Net LeaseUS$9.412.6%
+US$51.4m		25.1%PB1.2x
AHRT AH REALTY TRUSTUS$5.6710.1%
+US$41.7m		-17.2%PB1x
GOOD Gladstone CommercialUS$11.706.5%
+US$34.4m		-16.3%PB3.3x

Latest News

GNL
US$9.41
Global Net Lease
7D
2.6%
1Y
25.1%
AHRT
US$5.67
AH REALTY TRUST
7D
10.1%
1Y
-17.2%
AAT
US$18.67
American Assets Trust
7D
2.7%
1Y
-0.3%
BNL
US$18.62
Broadstone Net Lease
7D
0.9%
1Y
15.1%

BNL: Higher UBS P/E Assumptions Will Shape Future Return Profile

Analysts have inched their fair value estimate for Broadstone Net Lease higher, lifting the implied price target from about $20.45 to around $20.64. This follows recent Street research that included a $1 increase in the UBS target to $20 and updated assumptions for discount rate, revenue growth, profit margin, and future P/E of 70x.
EPRT
US$30.85
Essential Properties Realty Trust
7D
1.5%
1Y
0.4%

EPRT: Low Cost Capital And Forward Equity Poised To Support Future Deals

The analyst price target for Essential Properties Realty Trust edges up by $0.05 to $37.05, reflecting recent Street research in which analysts cite factors such as low cost of capital, wide investment spreads, forward equity capacity, diversified tenants and an emphasis on selective REIT exposure in their updated targets and ratings. Analyst Commentary Recent research coverage on Essential Properties Realty Trust clusters around price targets in the mid to high $30s, with several firms updating their views following Q4 results and ahead of upcoming quarters.
MDRR
US$11.30
Medalist Diversified
7D
-1.0%
1Y
-7.8%
WPC
US$70.25
W. P. Carey
7D
3.9%
1Y
18.8%
GOOD
US$11.70
Gladstone Commercial
7D
6.5%
1Y
-16.3%

GOOD: High Occupancy And Extended Debt Maturities Will Support Upside Through 2027

Analysts have raised their 12-month price targets on Gladstone Commercial to a range of approximately $12.50 to $14, citing a higher estimated net asset value per share and a still stable, high-occupancy portfolio, while noting that higher refinancing costs and office exposure are weighing on expectations for per-share growth. Analyst Commentary Recent research points to a mixed but generally constructive stance on Gladstone Commercial, with analysts updating their models around net asset value, balance sheet moves, and the impact of refinancing and office exposure on future cash flows.
CTO
US$18.80
CTO Realty Growth
7D
3.9%
1Y
3.6%
MKZR
US$3.36
MacKenzie Realty Capital
7D
-6.9%
1Y
-76.0%