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Jun 14
U.S. REITS Industry Analysis
UpdatedJun 19, 2024
DataAggregated Company Financials
Companies25
- 7D0.5%
- 3M-1.2%
- 1Y-6.3%
- YTD-11.5%
The REITS industry has stayed flat over the last week. Unfortunately though, the industry is down 7.8% over the past 12 months. 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 |
|---|---|---|---|---|---|---|
| Wed, 19 Jun 2024 | US$33.3b | US$6.9b | US$664.4m | 24.6x | 50.1x | 4.8x |
| Fri, 17 May 2024 | US$35.0b | US$6.9b | US$666.7m | 24.4x | 52.4x | 5.1x |
| Sun, 14 Apr 2024 | US$32.7b | US$6.6b | US$759.3m | 25.1x | 43.1x | 5x |
| Tue, 12 Mar 2024 | US$33.1b | US$6.5b | US$881.4m | 27.6x | 37.5x | 5.1x |
| Thu, 08 Feb 2024 | US$33.6b | US$6.3b | US$1.0b | 26.3x | 32.1x | 5.3x |
| Sat, 06 Jan 2024 | US$85.5b | US$21.2b | US$876.1m | 25.3x | 97.6x | 4x |
| Mon, 04 Dec 2023 | US$84.7b | US$21.3b | US$878.5m | 25.9x | 96.4x | 4x |
| Wed, 01 Nov 2023 | US$79.6b | US$21.2b | US$1.0b | 21.8x | 78x | 3.8x |
| Fri, 29 Sep 2023 | US$80.8b | US$21.1b | US$1.0b | 21.7x | 79.1x | 3.8x |
| Sun, 27 Aug 2023 | US$82.5b | US$21.1b | US$1.0b | 23.5x | 80.7x | 3.9x |
| Tue, 25 Jul 2023 | US$85.3b | US$20.9b | US$1.2b | 23.5x | 73.4x | 4.1x |
| Thu, 22 Jun 2023 | US$81.9b | US$12.0b | US$2.6b | 20.3x | 31.4x | 6.8x |
| Sat, 20 May 2023 | US$81.7b | US$12.2b | US$2.6b | 19.6x | 31.2x | 6.7x |
| Mon, 17 Apr 2023 | US$84.4b | US$12.8b | US$2.1b | 24.6x | 41x | 6.6x |
| Wed, 15 Mar 2023 | US$1.3t | US$189.9b | US$38.8b | 24.6x | 32.4x | 6.6x |
| Fri, 10 Feb 2023 | US$1.3t | US$183.1b | US$42.7b | 25.9x | 31.5x | 7.4x |
| Sun, 08 Jan 2023 | US$1.3t | US$183.4b | US$44.0b | 25.7x | 28.8x | 6.9x |
| Tue, 06 Dec 2022 | US$1.3t | US$183.5b | US$44.0b | 26x | 29.2x | 7x |
| Thu, 03 Nov 2022 | US$1.2t | US$180.3b | US$42.8b | 27.7x | 28.2x | 6.7x |
| Sat, 01 Oct 2022 | US$1.2t | US$177.4b | US$40.0b | 25.8x | 29.7x | 6.7x |
| Mon, 29 Aug 2022 | US$1.4t | US$177.4b | US$40.0b | 31.2x | 35x | 7.9x |
| Wed, 27 Jul 2022 | US$1.4t | US$168.9b | US$38.3b | 31.7x | 36.1x | 8.2x |
| Fri, 24 Jun 2022 | US$1.3t | US$168.8b | US$38.3b | 30.5x | 34.7x | 7.9x |
| Sun, 22 May 2022 | US$1.4t | US$169.6b | US$38.3b | 33.4x | 36.3x | 8.2x |
| Tue, 19 Apr 2022 | US$1.6t | US$167.9b | US$35.1b | 41.8x | 45.7x | 9.6x |
| Thu, 17 Mar 2022 | US$1.6t | US$171.1b | US$35.1b | 42.3x | 44.2x | 9.1x |
| Sat, 12 Feb 2022 | US$1.5t | US$167.3b | US$29.4b | 43.5x | 51.7x | 9.1x |
| Mon, 10 Jan 2022 | US$1.6t | US$168.1b | US$27.3b | 47.3x | 59.8x | 9.7x |
| Wed, 08 Dec 2021 | US$1.6t | US$168.0b | US$27.3b | 45.8x | 58.4x | 9.5x |
| Fri, 05 Nov 2021 | US$1.6t | US$168.2b | US$25.2b | 48.2x | 63.6x | 9.5x |
| Sun, 03 Oct 2021 | US$1.5t | US$163.2b | US$20.9b | 51.2x | 70.8x | 9.1x |
| Tue, 31 Aug 2021 | US$1.5t | US$163.4b | US$20.9b | 52.1x | 72.6x | 9.3x |
| Wed, 07 Jul 2021 | US$1.4t | US$162.6b | US$21.0b | 48.1x | 67.3x | 8.7x |
Price to Earnings Ratio
67.3x
Current Industry PE
- Investors are relatively neutral on the American REITs industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 53.1x.
- The 3-year average PS ratio of 6.9x 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 | 1.63% | |
| Real Estate | 0.90% | |
| REITS | 0.51% | |
| Office REITs | 5.31% | |
| Residential REITs | 3.36% | |
| Healthcare REITs | 1.04% | |
| Diversified REITs | 0.51% | |
| Hotel and Resort REITs | 0.47% | |
| Retail REITs | 0.12% | |
| Specialized REITs | 0.11% | |
| Industrial REITs | -0.87% | |
Industry PE
- Investors are most optimistic about the Diversified REITs industry which is trading above its 3-year average PE ratio of 0.12x.
- Analysts are expecting annual earnings growth of 0.3%, which is higher than its past year's earnings decline of 10.9% per year.
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 11% 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 | |
|---|---|---|---|---|---|
| BNL Broadstone Net Lease | US$15.44 | 2.5% +US$71.6m | -4.0% | PB0.9x | |
| AAT American Assets Trust | US$21.79 | 4.3% +US$54.8m | 12.9% | PB1.1x | |
| ESRT Empire State Realty Trust | US$9.27 | 0.8% +US$11.6m | 33.4% | PB1.5x | |
| OLP One Liberty Properties | US$24.10 | 2.3% +US$11.5m | 14.4% | PB1.7x | |
| AHH Armada Hoffler Properties | US$10.95 | 0.2% +US$1.3m | -10.0% | PB1.8x |