U.S. Residential REITs Industry Analysis
UpdatedJun 18, 2024
DataAggregated Company Financials
Companies21
- 7D1.2%
- 3M6.3%
- 1Y-1.3%
- YTD2.7%
In the last week, the Residential REITs industry is up 1.2%, with Essex Property Trust up 7.1%. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are forecast to decline by 3.9% per annum.
Industry Valuation and Performance
Has the U.S. Residential REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 19 Jun 2024 | US$198.2b | US$24.7b | US$5.2b | 29.7x | 37.9x | 8x |
| Fri, 17 May 2024 | US$197.8b | US$24.7b | US$5.2b | 29.1x | 37.9x | 8x |
| Sun, 14 Apr 2024 | US$189.0b | US$24.5b | US$4.9b | 28.1x | 38.9x | 7.7x |
| Tue, 12 Mar 2024 | US$190.7b | US$24.4b | US$4.9b | 28.7x | 39.3x | 7.8x |
| Thu, 08 Feb 2024 | US$180.6b | US$24.4b | US$5.7b | 26.8x | 31.7x | 7.4x |
| Sat, 06 Jan 2024 | US$188.5b | US$24.3b | US$5.5b | 33.9x | 34.4x | 7.8x |
| Mon, 04 Dec 2023 | US$183.0b | US$24.3b | US$5.5b | 32.7x | 33.4x | 7.5x |
| Wed, 01 Nov 2023 | US$166.9b | US$24.2b | US$5.0b | 26.1x | 33.6x | 6.9x |
| Fri, 29 Sep 2023 | US$176.0b | US$24.1b | US$5.3b | 31.1x | 33.5x | 7.3x |
| Sun, 27 Aug 2023 | US$191.0b | US$24.1b | US$5.3b | 32.8x | 36.3x | 7.9x |
| Tue, 25 Jul 2023 | US$204.8b | US$23.7b | US$5.6b | 30.4x | 36.7x | 8.7x |
| Thu, 22 Jun 2023 | US$196.7b | US$23.7b | US$5.6b | 28.9x | 35.3x | 8.3x |
| Sat, 20 May 2023 | US$187.7b | US$23.7b | US$5.6b | 27.6x | 33.7x | 7.9x |
| Mon, 17 Apr 2023 | US$184.5b | US$23.0b | US$5.8b | 29.9x | 31.6x | 8x |
Price to Earnings Ratio
31.6x
Current Industry PE
- Investors are relatively neutral on the American Residential 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 35.1x.
- The industry is trading close to its 3-year average PS ratio of 7.8x.
Past Earnings Growth
- The earnings for companies in the Residential REITs industry have declined 3.6% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.3% per year.
- This means that although more sales are being generated, 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 Market | 1.61% | |
| Real Estate | 0.17% | |
| Residential REITs | 1.23% | |
| Single-Family Residential REITs | 0.71% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ESS Essex Property Trust | US$284.59 | 7.1% +US$1.2b | 21.5% | PB3.3x | |
| EQR Equity Residential | US$67.82 | 3.5% +US$860.3m | 2.7% | PB2.3x | |
| AVB AvalonBay Communities | US$202.40 | 2.6% +US$738.4m | 6.4% | PB2.5x | |
| MAA Mid-America Apartment Communities | US$141.25 | 3.1% +US$500.0m | -8.0% | PB2.7x | |
| UDR UDR | US$40.63 | 3.4% +US$438.0m | -5.3% | PB3.5x |