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U.S. Residential REITs Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies20
  • 7D3.4%
  • 3M-4.5%
  • 1Y-11.9%
  • YTD-5.5%

In the last week, the Residential REITs industry is up 3.4%, with AvalonBay Communities leading the way with a 3.2% gain. However, the industry is down 12% over the past year. As for the next few years, earnings are forecast to decline by 6.6% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026US$167.7bUS$24.3bUS$5.3b27.5x31.8x6.9x
Tue, 03 Mar 2026US$177.2bUS$24.4bUS$5.2b29.7x34.1x7.3x
Thu, 29 Jan 2026US$176.2bUS$25.2bUS$5.0b28.1x35.5x7x
Sat, 27 Dec 2025US$179.5bUS$25.2bUS$5.0b29.2x36.1x7.1x
Mon, 24 Nov 2025US$178.5bUS$25.2bUS$5.0b29.5x35.9x7.1x
Wed, 22 Oct 2025US$180.2bUS$25.0bUS$4.9b32.3x36.8x7.2x
Fri, 19 Sep 2025US$185.4bUS$25.0bUS$4.9b31.8x37.8x7.4x
Sun, 17 Aug 2025US$186.2bUS$25.0bUS$4.9b32x38x7.5x
Tue, 15 Jul 2025US$194.8bUS$24.7bUS$4.8b37.5x40.8x7.9x
Thu, 12 Jun 2025US$200.3bUS$24.7bUS$4.8b38.3x42x8.1x
Sat, 10 May 2025US$201.7bUS$24.7bUS$4.8b40.4x42.3x8.2x
Mon, 07 Apr 2025US$192.4bUS$24.5bUS$4.8b44x40.1x7.8x
Wed, 05 Mar 2025US$216.1bUS$24.5bUS$4.8b45.8x45.1x8.8x
Fri, 31 Jan 2025US$196.0bUS$24.3bUS$4.6b34.7x42.7x8.1x
Sun, 29 Dec 2024US$203.4bUS$24.3bUS$4.6b35.4x44.4x8.4x
Tue, 26 Nov 2024US$206.3bUS$24.3bUS$4.6b37.9x45x8.5x
Thu, 24 Oct 2024US$209.5bUS$24.1bUS$4.3b37.2x49x8.7x
Sat, 21 Sep 2024US$220.4bUS$24.1bUS$4.3b37.9x51.7x9.1x
Mon, 19 Aug 2024US$205.4bUS$24.1bUS$4.3b36.4x48.2x8.5x
Wed, 17 Jul 2024US$195.4bUS$23.9bUS$4.6b30.6x42.6x8.2x
Fri, 14 Jun 2024US$196.4bUS$24.7bUS$5.2b29.4x37.6x8x
Sun, 12 May 2024US$194.9bUS$24.7bUS$5.2b28.9x37.3x7.9x
Tue, 09 Apr 2024US$185.0bUS$24.5bUS$4.9b28.5x38.1x7.6x
Thu, 07 Mar 2024US$188.1bUS$24.4bUS$4.9b28.2x38.7x7.7x
Sat, 03 Feb 2024US$183.3bUS$24.5bUS$5.8b27.4x31.5x7.5x
Mon, 01 Jan 2024US$190.8bUS$24.3bUS$5.5b34.2x34.9x7.8x
Wed, 29 Nov 2023US$176.6bUS$24.3bUS$5.5b31.8x32.3x7.3x
Fri, 27 Oct 2023US$167.9bUS$24.2bUS$5.4b29.2x31.3x6.9x
Sun, 24 Sep 2023US$180.7bUS$24.1bUS$5.3b31.4x34.4x7.5x
Tue, 22 Aug 2023US$189.1bUS$24.1bUS$5.3b32.1x36x7.9x
Thu, 20 Jul 2023US$200.9bUS$23.7bUS$5.6b29.9x36x8.5x
Sat, 17 Jun 2023US$200.1bUS$23.7bUS$5.6b29.7x35.9x8.5x
Mon, 15 May 2023US$193.1bUS$23.7bUS$5.6b28.2x34.7x8.2x
Wed, 12 Apr 2023US$186.9bUS$23.0bUS$5.8b30.3x32x8.1x
Price to Earnings Ratio

32x


Total Market Cap: US$186.9bTotal Earnings: US$5.8bTotal Revenue: US$23.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Residential REITs Industry Price to Earnings3Y Average 38.7x202420252026
Current Industry PE
  • Investors are pessimistic on the American Residential REITs 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 31.8x which is lower than its 3-year average PE of 38.7x.
  • The 3-year average PS ratio of 7.9x is higher than the industry's current PS ratio of 6.9x.
Past Earnings Growth
  • The earnings for companies in the Residential REITs industry have declined 3.3% 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 industry?

US Market3.46%
Real Estate2.85%
Residential REITs3.36%
Single-Family Residential REITs3.90%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
AVB AvalonBay CommunitiesUS$166.023.2%
+US$729.0m		-13.4%PB2x
INVH Invitation HomesUS$25.554.4%
+US$647.4m		-21.5%PB1.6x
AMH American Homes 4 RentUS$29.085.8%
+US$582.1m		-18.0%PB1.5x
EQR Equity ResidentialUS$60.272.6%
+US$573.9m		-5.5%PB2.1x
MAA Mid-America Apartment CommunitiesUS$124.883.6%
+US$503.8m		-18.4%PB2.6x

Latest News

MAA
US$124.88
Mid-America Apartment Communities
7D
3.6%
1Y
-18.4%

Mid-America: A Dirt-Cheap Way To Buy Apartments

Apr 05
CPT
US$100.76
Camden Property Trust
7D
3.9%
1Y
-8.8%
INVH
US$25.55
Invitation Homes
7D
4.4%
1Y
-21.5%

INVH: Policy Risk May Set Up Future Upside For Single Family Rentals

Analysts have trimmed their price targets on Invitation Homes to a range of about $26 to $35, reflecting updated earnings models, sector wide estimate revisions, and heightened regulatory uncertainty around single family rental ownership. Analyst Commentary Recent research paints a mixed picture for Invitation Homes, with most firms trimming price targets but keeping ratings clustered around Neutral, Equal Weight, Market Perform, Sector Perform, Outperform, Overweight, and Buy.
SUI
US$129.25
Sun Communities
7D
2.9%
1Y
4.0%
AMH
US$29.08
American Homes 4 Rent
7D
5.8%
1Y
-18.0%
AVB
US$166.02
AvalonBay Communities
7D
3.2%
1Y
-13.4%

AVB: 2026 Coastal Apartments And Buybacks Will Support Renewed Sector Upside

AvalonBay Communities' analyst fair value estimate has been nudged lower by about $1 to $195, as analysts factor in more moderate revenue growth, slightly higher discount rates, and broadly reduced sector price targets despite some upward revisions from a few firms. Analyst Commentary Recent Street research on AvalonBay Communities shows a split picture.
ESS
US$247.34
Essex Property Trust
7D
3.2%
1Y
-8.7%

ESS: Coastal Apartments And 2026 Dividend Path Will Support Occupancy Recovery

Narrative Update Overview The updated analyst price target for Essex Property Trust edges down by about $0.40 to $279.22, as analysts trim fair value estimates and slightly adjust growth and margin assumptions in response to sector wide target resets, occupancy concerns, and refreshed post earnings models. Analyst Commentary Recent research on Essex Property Trust shows a mix of optimism and caution, with price targets clustered in a relatively tight band around the updated average and ratings spread between Neutral or equivalent and more constructive views.
EQR
US$60.27
Equity Residential
7D
2.6%
1Y
-5.5%

EQR: Coastal Apartments And Buybacks Will Support 2026 Upside Potential

Equity Residential's analyst fair value was adjusted to about $70.07, reflecting mixed Street price target revisions that incorporate slightly softer revenue growth assumptions, a modestly higher profit margin outlook, and a marginally lower future P/E as analysts refresh models for updated earnings and 2026 guidance. Analyst Commentary Recent Street research on Equity Residential reflects a mix of optimism and caution, with several firms adjusting price targets in a relatively tight range and revisiting ratings as they refresh models for updated earnings and 2026 outlooks.
NXRT
US$24.32
NexPoint Residential Trust
7D
-1.1%
1Y
-31.8%

NXRT: Undervalued Portfolio Will Rely On Cap Rate Support Despite Rate Headwinds

Analysts trimmed the price target for NexPoint Residential Trust by $0.60 to $32.20, citing concerns around softer U.S. employment trends, higher discount and interest rate assumptions, and slightly lower growth and margin expectations, even as the real estate portfolio is viewed as deeply undervalued. Analyst Commentary Recent research updates highlight a mix of optimism about NexPoint Residential Trust's asset quality and concern about the operating backdrop and balance sheet choices.
BHM
US$11.40
Bluerock Homes Trust
7D
-3.4%
1Y
3.6%