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May 06
U.S. REITS Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies24
- 7D4.2%
- 3M-0.9%
- 1Y-4.9%
- YTD-8.8%
Over the last 7 days, the REITS industry has risen 4.2%, driven by gains from W. P. Carey of 5.3%. However, the industry is down 4.9% over the past year. Looking forward, earnings are forecast to decline by 1.7% per year.
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 |
|---|---|---|---|---|---|---|
| Thu, 09 May 2024 | US$33.9b | US$6.7b | US$740.1m | 23.5x | 45.8x | 5x |
| Sat, 06 Apr 2024 | US$33.0b | US$6.6b | US$760.5m | 25.1x | 43.3x | 5x |
| Mon, 04 Mar 2024 | US$32.5b | US$6.6b | US$877.1m | 27.9x | 37.1x | 5x |
| Wed, 31 Jan 2024 | US$84.9b | US$21.2b | US$890.2m | 27.5x | 95.3x | 4x |
| Fri, 29 Dec 2023 | US$86.5b | US$21.3b | US$878.5m | 28.2x | 98.5x | 4.1x |
| Sun, 26 Nov 2023 | US$82.4b | US$21.3b | US$878.5m | 23x | 93.8x | 3.9x |
| Tue, 24 Oct 2023 | US$79.0b | US$21.1b | US$1.0b | 20.8x | 78.7x | 3.7x |
| Thu, 21 Sep 2023 | US$84.1b | US$21.1b | US$1.0b | 23.6x | 82.4x | 4x |
| Sat, 19 Aug 2023 | US$82.5b | US$21.1b | US$1.0b | 23.5x | 80.7x | 3.9x |
| Mon, 17 Jul 2023 | US$83.9b | US$20.9b | US$1.2b | 23x | 71.3x | 4x |
| Wed, 14 Jun 2023 | US$83.2b | US$12.2b | US$2.6b | 20.8x | 31.7x | 6.8x |
| Fri, 12 May 2023 | US$82.4b | US$12.3b | US$2.7b | 18.3x | 30.4x | 6.7x |
| Sun, 09 Apr 2023 | US$85.0b | US$12.4b | US$2.5b | 26.1x | 34.5x | 6.9x |
| Tue, 07 Mar 2023 | US$1.3t | US$189.9b | US$38.8b | 26.8x | 33.8x | 6.9x |
| Thu, 02 Feb 2023 | US$1.4t | US$183.5b | US$42.8b | 27.4x | 32.1x | 7.5x |
| Sat, 31 Dec 2022 | US$1.3t | US$183.5b | US$44.0b | 25.1x | 28.5x | 6.8x |
| Mon, 28 Nov 2022 | US$1.3t | US$183.4b | US$44.0b | 25.9x | 29.6x | 7.1x |
| Wed, 26 Oct 2022 | US$1.2t | US$178.5b | US$40.4b | 27.3x | 29.7x | 6.7x |
| Fri, 23 Sep 2022 | US$1.3t | US$177.4b | US$40.0b | 27.5x | 31.4x | 7.1x |
| Sun, 21 Aug 2022 | US$1.5t | US$177.4b | US$40.0b | 32.1x | 36.4x | 8.2x |
| Tue, 19 Jul 2022 | US$1.3t | US$168.8b | US$38.3b | 31.3x | 34.9x | 7.9x |
| Thu, 16 Jun 2022 | US$1.3t | US$168.6b | US$38.3b | 30.3x | 33.9x | 7.7x |
| Sat, 14 May 2022 | US$1.4t | US$169.6b | US$38.4b | 33.9x | 36.9x | 8.4x |
| Mon, 11 Apr 2022 | US$1.6t | US$167.9b | US$35.1b | 42x | 46.3x | 9.7x |
| Wed, 09 Mar 2022 | US$1.5t | US$171.0b | US$35.1b | 40.4x | 43.7x | 9x |
| Fri, 04 Feb 2022 | US$1.6t | US$166.6b | US$27.9b | 44x | 55.9x | 9.4x |
| Sun, 02 Jan 2022 | US$1.7t | US$167.9b | US$27.3b | 47.9x | 62.1x | 10.1x |
| Tue, 30 Nov 2021 | US$1.6t | US$169.1b | US$27.5b | 45.6x | 58.1x | 9.4x |
| Thu, 28 Oct 2021 | US$1.6t | US$164.0b | US$22.4b | 51.5x | 69.9x | 9.6x |
| Sat, 25 Sep 2021 | US$1.5t | US$163.2b | US$20.9b | 50.1x | 72x | 9.2x |
| Mon, 23 Aug 2021 | US$1.5t | US$163.4b | US$20.9b | 50.7x | 71.2x | 9.1x |
| Sat, 10 Jul 2021 | US$1.4t | US$162.6b | US$21.0b | 48.1x | 67.3x | 8.7x |
Price to Earnings Ratio
85.7x
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 45.8x which is lower than its 3-year average PE of 54.1x.
- The 3-year average PS ratio of 7.1x is higher than the industry's current PS ratio of 5.0x.
Past Earnings Growth
- The earnings for companies in the REITs industry have declined 64% 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 | 3.31% | |
| Real Estate | 3.33% | |
| REITS | 4.18% | |
| Industrial REITs | 5.04% | |
| Diversified REITs | 4.18% | |
| Residential REITs | 3.84% | |
| Retail REITs | 3.05% | |
| Healthcare REITs | 2.81% | |
| Specialized REITs | 2.78% | |
| Office REITs | 0.94% | |
| Hotel and Resort REITs | 0.11% | |
Industry PE
- Investors are most optimistic about the Diversified REITs industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings decline of 1.7%, which is worse than the prior year's decline of 1.0%.
Forecasted Growth
- Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 21% over the next 5 years.
- This is better than its past earnings growth rate of 11% 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 | |
|---|---|---|---|---|---|
| WPC W. P. Carey | US$56.79 | 4.0% +US$472.7m | -21.8% | PB1.4x | |
| EPRT Essential Properties Realty Trust | US$27.01 | 2.5% +US$115.7m | 7.9% | PB1.5x | |
| BNL Broadstone Net Lease | US$15.01 | 2.7% +US$73.4m | -7.7% | PB0.9x | |
| GNL Global Net Lease | US$7.23 | 4.5% +US$71.4m | -33.6% | PB0.7x | |
| AAT American Assets Trust | US$22.08 | 2.9% +US$38.3m | 16.6% | PB1.1x |