U.S. REITS Industry Analysis
UpdatedJul 09, 2024
DataAggregated Company Financials
Companies24
- 7D1.7%
- 3M-1.4%
- 1Y-5.6%
- YTD-9.3%
Essential Properties Realty Trust is up 3.0%, leading the way for the REITS industry, which has gained 1.7%. In the past year, the industry is down 5.6%. Looking forward, earnings are expected to remain mostly flat in the next few years.
Industry Valuation and Performance
Has the U.S. REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 09 Jul 2024 | US$33.5b | US$6.8b | US$676.6m | 25x | 49.5x | 4.9x |
| Thu, 06 Jun 2024 | US$34.0b | US$6.9b | US$664.0m | 24.4x | 51.2x | 4.9x |
| Sat, 04 May 2024 | US$33.1b | US$6.7b | US$740.1m | 23.2x | 44.8x | 4.9x |
| Mon, 01 Apr 2024 | US$34.1b | US$6.6b | US$768.4m | 26.5x | 44.4x | 5.2x |
| Wed, 28 Feb 2024 | US$32.0b | US$6.4b | US$929.3m | 26x | 34.5x | 5x |
| Fri, 26 Jan 2024 | US$84.7b | US$21.2b | US$889.0m | 24.9x | 95.3x | 4x |
| Sun, 24 Dec 2023 | US$86.0b | US$21.3b | US$878.5m | 27.8x | 97.9x | 4x |
| Tue, 21 Nov 2023 | US$81.9b | US$21.3b | US$878.5m | 23.6x | 93.3x | 3.8x |
| Thu, 19 Oct 2023 | US$80.1b | US$21.1b | US$1.0b | 21.3x | 78.4x | 3.8x |
| Sat, 16 Sep 2023 | US$83.7b | US$21.1b | US$1.0b | 23.6x | 81.9x | 4x |
| Mon, 14 Aug 2023 | US$83.9b | US$21.2b | US$1.2b | 21x | 72.7x | 4x |
| Wed, 12 Jul 2023 | US$83.9b | US$20.9b | US$1.2b | 23.1x | 71.4x | 4x |
| Fri, 09 Jun 2023 | US$83.3b | US$12.2b | US$2.6b | 20.6x | 31.7x | 6.8x |
| Sun, 07 May 2023 | US$83.1b | US$12.2b | US$2.7b | 18.4x | 30.5x | 6.8x |
| Tue, 04 Apr 2023 | US$85.2b | US$12.2b | US$2.7b | 25.8x | 32x | 7x |
| Thu, 02 Mar 2023 | US$1.3t | US$189.9b | US$39.2b | 26x | 32.7x | 6.7x |
| Sat, 28 Jan 2023 | US$1.4t | US$183.3b | US$42.9b | 27.4x | 31.5x | 7.4x |
| Mon, 26 Dec 2022 | US$1.3t | US$183.5b | US$44.0b | 25.3x | 28.4x | 6.8x |
| Wed, 23 Nov 2022 | US$1.3t | US$183.4b | US$44.0b | 26x | 29.4x | 7x |
| Fri, 21 Oct 2022 | US$1.1t | US$178.5b | US$40.2b | 26.3x | 28.6x | 6.4x |
| Sun, 18 Sep 2022 | US$1.3t | US$177.4b | US$40.0b | 29.9x | 33x | 7.4x |
| Tue, 16 Aug 2022 | US$1.5t | US$177.3b | US$40.0b | 32.5x | 37.1x | 8.4x |
| Thu, 14 Jul 2022 | US$1.3t | US$168.8b | US$38.3b | 30.8x | 34.6x | 7.9x |
| Sat, 11 Jun 2022 | US$1.3t | US$168.6b | US$38.3b | 31.6x | 35.1x | 8x |
| Mon, 09 May 2022 | US$1.5t | US$169.2b | US$38.4b | 35.3x | 38.2x | 8.7x |
| Wed, 06 Apr 2022 | US$1.6t | US$167.9b | US$35.1b | 42x | 46x | 9.6x |
| Fri, 04 Mar 2022 | US$1.6t | US$168.4b | US$35.1b | 41.1x | 44.2x | 9.2x |
| Sun, 30 Jan 2022 | US$1.5t | US$168.6b | US$28.0b | 44.1x | 55.2x | 9.2x |
| Tue, 28 Dec 2021 | US$1.7t | US$167.9b | US$27.3b | 48.3x | 61.1x | 9.9x |
| Thu, 25 Nov 2021 | US$1.6t | US$170.1b | US$27.2b | 47x | 59.9x | 9.6x |
| Sat, 23 Oct 2021 | US$1.6t | US$163.5b | US$22.0b | 51.9x | 71.4x | 9.6x |
| Mon, 20 Sep 2021 | US$1.5t | US$163.3b | US$20.9b | 50.1x | 72.7x | 9.3x |
| Wed, 18 Aug 2021 | US$1.5t | US$162.2b | US$20.9b | 50.9x | 70.6x | 9.1x |
Price to Earnings Ratio
71.4x
Current Industry PE
- Investors are pessimistic on the American 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 49.5x which is lower than its 3-year average PE of 52.6x.
- The 3-year average PS ratio of 6.8x is higher than the industry's current PS ratio of 4.9x.
Past Earnings Growth
- The earnings for companies in the REITs industry have declined 68% per year over the last three years,
- Revenues have also declined 65% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the U.S. Real Estate industry?
| US Market | 1.77% | |
| Real Estate | 0.77% | |
| REITS | 1.71% | |
| Industrial REITs | 2.05% | |
| Diversified REITs | 1.71% | |
| Office REITs | 1.04% | |
| Healthcare REITs | 0.92% | |
| Retail REITs | 0.77% | |
| Specialized REITs | 0.62% | |
| Hotel and Resort REITs | -0.063% | |
| Residential REITs | -0.57% | |
Industry PE
- Investors are most optimistic about the Diversified REITs industry which is trading above its 3-year average PE ratio of 7.4x.
- Analysts are expecting annual earnings decline of 0.1%, which is less than its past year's earnings decline of 10.9%.
Forecasted Growth
- Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings growth rate of 15% per year.
- In contrast, the Residential REITs industry is expected to see its earnings decline by 7.3% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| EPRT Essential Properties Realty Trust | US$28.28 | 3.0% +US$145.5m | 21.7% | PB1.5x | |
| WPC W. P. Carey | US$55.22 | 1.1% +US$129.1m | -18.4% | PB1.4x | |
| BNL Broadstone Net Lease | US$15.98 | 2.2% +US$64.1m | 4.0% | PB1x | |
| GNL Global Net Lease | US$7.56 | 3.6% +US$59.8m | -29.9% | PB0.7x | |
| ESRT Empire State Realty Trust | US$9.46 | 1.9% +US$29.7m | 18.4% | PB1.6x |