U.S. Residential REITs Industry Analysis
UpdatedJun 18, 2024
DataAggregated Company Financials
Companies15
- 7D1.5%
- 3M11.6%
- 1Y0.3%
- YTDn/a
Over the last 7 days, the Residential REITs industry has risen 2.2%, and Essex Property Trust contributed the most with a gain of 3.9%. Despite this gain, the industry's performance has been flat over the past year. Looking forward, earnings are forecast to decline by 11% per year.
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 |
|---|---|---|---|---|---|---|
| Tue, 18 Jun 2024 | US$133.1b | US$15.6b | US$4.2b | 29.2x | 31.8x | 8.5x |
| Thu, 16 May 2024 | US$131.0b | US$15.6b | US$4.2b | 28.9x | 31.3x | 8.4x |
| Sat, 13 Apr 2024 | US$123.7b | US$15.5b | US$3.9b | 27.4x | 31.9x | 8x |
| Mon, 11 Mar 2024 | US$123.4b | US$15.5b | US$3.9b | 28.6x | 31.8x | 8x |
| Wed, 07 Feb 2024 | US$115.9b | US$15.6b | US$4.4b | 26.4x | 26.1x | 7.4x |
| Fri, 05 Jan 2024 | US$132.9b | US$17.2b | US$4.0b | 29.5x | 33.3x | 7.7x |
| Sun, 03 Dec 2023 | US$126.7b | US$17.2b | US$4.0b | 27.6x | 31.7x | 7.4x |
| Tue, 31 Oct 2023 | US$117.6b | US$17.1b | US$3.6b | 24.9x | 32.9x | 6.9x |
| Thu, 28 Sep 2023 | US$126.0b | US$17.1b | US$3.9b | 26.7x | 32.6x | 7.4x |
| Sat, 26 Aug 2023 | US$137.8b | US$17.1b | US$3.9b | 29.2x | 35.6x | 8.1x |
| Mon, 24 Jul 2023 | US$146.5b | US$16.8b | US$4.3b | 28x | 34.2x | 8.7x |
| Wed, 21 Jun 2023 | US$143.0b | US$16.8b | US$4.3b | 27.3x | 33.4x | 8.5x |
| Fri, 19 May 2023 | US$134.7b | US$16.8b | US$4.3b | 25.8x | 31.4x | 8x |
| Sun, 16 Apr 2023 | US$132.3b | US$16.4b | US$4.6b | 27.1x | 28.8x | 8.1x |
| Tue, 14 Mar 2023 | US$194.7b | US$24.4b | US$5.8b | 32x | 33.7x | 8x |
| Thu, 09 Feb 2023 | US$214.7b | US$22.3b | US$6.5b | 37.7x | 33.3x | 9.6x |
| Sat, 07 Jan 2023 | US$194.3b | US$23.7b | US$6.6b | 36.1x | 29.3x | 8.2x |
| Mon, 05 Dec 2022 | US$204.1b | US$23.7b | US$6.6b | 37.5x | 30.8x | 8.6x |
| Wed, 02 Nov 2022 | US$199.7b | US$23.5b | US$6.2b | 36.8x | 32.2x | 8.5x |
| Fri, 30 Sep 2022 | US$203.8b | US$22.7b | US$6.3b | 36.9x | 32.2x | 9x |
| Sun, 28 Aug 2022 | US$231.4b | US$22.7b | US$6.3b | 43.9x | 36.6x | 10.2x |
| Tue, 26 Jul 2022 | US$228.3b | US$21.8b | US$5.8b | 46.4x | 39.4x | 10.5x |
| Thu, 23 Jun 2022 | US$217.0b | US$21.6b | US$5.8b | 44.8x | 37.1x | 10.1x |
| Sat, 21 May 2022 | US$228.0b | US$21.6b | US$5.8b | 49.3x | 39x | 10.6x |
| Mon, 18 Apr 2022 | US$267.0b | US$20.8b | US$5.3b | 58.7x | 50.5x | 12.8x |
| Wed, 16 Mar 2022 | US$260.8b | US$21.4b | US$5.2b | 57.4x | 50x | 12.2x |
| Fri, 11 Feb 2022 | US$262.0b | US$21.1b | US$4.6b | 56.9x | 57.1x | 12.4x |
| Sun, 09 Jan 2022 | US$270.0b | US$20.8b | US$3.9b | 64.5x | 69.2x | 13x |
| Tue, 07 Dec 2021 | US$263.2b | US$20.7b | US$3.9b | 65.4x | 67.4x | 12.7x |
| Thu, 04 Nov 2021 | US$340.3b | US$20.7b | US$3.8b | 64x | 88.9x | 16.4x |
| Sat, 02 Oct 2021 | US$241.7b | US$20.1b | US$3.2b | 99.3x | 75x | 12x |
| Mon, 30 Aug 2021 | US$240.2b | US$20.1b | US$3.2b | 105.2x | 74.5x | 11.9x |
| Tue, 06 Jul 2021 | US$214.0b | US$20.1b | US$3.2b | 86x | 66.4x | 10.6x |
Price to Earnings Ratio
66.4x
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 41.1x.
- The 3-year average PS ratio of 9.6x is higher than the industry's current PS ratio of 8.5x.
Past Earnings Growth
- The earnings for companies in the Residential REITs industry have grown 9.1% per year over the last three years.
- Meanwhile revenues for these companies have declined 8.2% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Comparison
How does U.S. Residential REITs compare with similar industries?
| US Market | 1.61% | |
| Real Estate | 0.17% | |
| REITS | -0.22% | |
| Residential REITs | 1.48% | |
| Office REITs | 2.64% | |
| Healthcare REITs | 0.54% | |
| Industrial REITs | 0.39% | |
| Hotel and Resort REITs | -0.06% | |
| Specialized REITs | -0.13% | |
| Diversified REITs | -0.22% | |
| Retail REITs | -0.54% | |
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$281.29 | 4.4% +US$765.4m | 18.7% | PB3.3x | |
| EQR Equity Residential | US$67.01 | 1.5% +US$363.8m | 0.4% | PB2.3x | |
| AVB AvalonBay Communities | US$201.60 | 1.1% +US$320.9m | 4.8% | PB2.4x | |
| UDR UDR | US$40.34 | 1.3% +US$167.9m | -7.1% | PB3.4x | |
| CPT Camden Property Trust | US$108.50 | 0.9% +US$103.3m | -4.1% | PB2.3x |