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U.S. Residential REITs Industry Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies20
  • 7D0.2%
  • 3M-4.0%
  • 1Y-16.4%
  • YTD-12.1%

Over the last 7 days, the Residential REITs industry has remained flat. Unfortunately though, the industry is down 16% over the past 12 months. As for the next few years, earnings are forecast to decline by 6.5% per annum.

Industry Valuation and Performance

Has the U.S. Residential REITs Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Nov 2025US$176.5bUS$25.2bUS$5.0b29.6x35.5x7x
Thu, 16 Oct 2025US$180.0bUS$25.0bUS$4.9b32x36.7x7.2x
Sat, 13 Sep 2025US$190.7bUS$25.0bUS$4.9b32.4x38.9x7.6x
Mon, 11 Aug 2025US$183.6bUS$25.0bUS$4.9b31.7x37.8x7.4x
Wed, 09 Jul 2025US$194.9bUS$24.7bUS$4.8b37.2x40.9x7.9x
Fri, 06 Jun 2025US$198.1bUS$24.7bUS$4.8b38.3x41.5x8x
Sun, 04 May 2025US$208.9bUS$24.7bUS$4.8b41.1x43.9x8.4x
Tue, 01 Apr 2025US$209.1bUS$24.5bUS$4.8b47.1x43.6x8.5x
Thu, 27 Feb 2025US$209.0bUS$24.5bUS$4.9b44x42.3x8.5x
Sat, 25 Jan 2025US$195.8bUS$24.3bUS$4.6b34.8x42.7x8.1x
Mon, 23 Dec 2024US$203.2bUS$24.3bUS$4.6b35.3x44.4x8.4x
Wed, 20 Nov 2024US$211.7bUS$24.3bUS$4.6b37.4x46.2x8.7x
Fri, 18 Oct 2024US$211.2bUS$24.1bUS$4.3b36.6x49.5x8.8x
Sun, 15 Sep 2024US$223.9bUS$24.1bUS$4.3b39.8x52.5x9.3x
Tue, 13 Aug 2024US$205.0bUS$24.1bUS$4.3b35.4x48.1x8.5x
Thu, 11 Jul 2024US$194.6bUS$23.9bUS$4.6b30.3x42.5x8.1x
Sat, 08 Jun 2024US$195.9bUS$24.7bUS$5.2b29.1x37.5x7.9x
Mon, 06 May 2024US$192.0bUS$24.7bUS$5.2b28.3x36.8x7.8x
Wed, 03 Apr 2024US$186.1bUS$24.5bUS$4.9b27.5x38.3x7.6x
Fri, 01 Mar 2024US$182.1bUS$24.5bUS$4.9b27.1x37.5x7.4x
Sun, 28 Jan 2024US$183.2bUS$24.3bUS$5.5b33.1x33.5x7.5x
Tue, 26 Dec 2023US$190.0bUS$24.3bUS$5.5b34.2x34.7x7.8x
Thu, 23 Nov 2023US$176.0bUS$24.3bUS$5.5b31.4x32.2x7.2x
Sat, 21 Oct 2023US$172.7bUS$24.1bUS$5.3b30.4x32.8x7.2x
Mon, 18 Sep 2023US$189.6bUS$24.1bUS$5.3b33.2x36.1x7.9x
Wed, 16 Aug 2023US$190.3bUS$24.1bUS$5.3b32.9x36.2x7.9x
Fri, 14 Jul 2023US$202.6bUS$23.7bUS$5.6b30.6x36.4x8.6x
Sun, 11 Jun 2023US$197.3bUS$23.7bUS$5.6b29.6x35.4x8.3x
Tue, 09 May 2023US$193.9bUS$23.6bUS$5.6b28.1x34.7x8.2x
Thu, 06 Apr 2023US$184.1bUS$23.0bUS$5.8b30x31.6x8x
Price to Earnings Ratio

31.6x


Total Market Cap: US$184.1bTotal Earnings: US$5.8bTotal Revenue: US$23.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Residential REITs Industry Price to Earnings3Y Average 39.2x20242025
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 35.5x which is lower than its 3-year average PE of 39.2x.
  • The 3-year average PS ratio of 8.0x is higher than the industry's current PS ratio of 7.0x.
Past Earnings Growth
  • The earnings for companies in the Residential REITs industry have declined 5.2% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.1% 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-0.39%
Real Estate-0.77%
Residential REITs0.18%
Single-Family Residential REITs0.40%
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?

CompanyLast Price7D1YValuation
AMH American Homes 4 RentUS$31.911.2%
+US$141.0m		-14.8%PB1.7x
CSR CenterspaceUS$66.4913.2%
+US$129.5m		-8.3%PB1.5x
AVB AvalonBay CommunitiesUS$177.510.4%
+US$107.5m		-22.6%PB2.1x
MAA Mid-America Apartment CommunitiesUS$130.270.6%
+US$84.3m		-17.8%PB2.6x
AIV Apartment Investment and ManagementUS$5.624.5%
+US$34.6m		-36.3%PB13.1x

Latest News

AMH
US$31.91
American Homes 4 Rent
7D
1.2%
1Y
-14.8%

AMH: Improving Profit Margins Will Support Share Price Momentum Ahead

Analysts have slightly lowered their price target for American Homes 4 Rent to $39.47 from $39.81. They cite softer demand trends and a more cautious outlook on occupancy and rental rate growth in the near term.
CPT
US$102.15
Camden Property Trust
7D
-0.2%
1Y
-14.8%
ESS
US$252.29
Essex Property Trust
7D
-3.0%
1Y
-16.6%

ESS: Net Income Guidance Increases Will Support Ongoing Rental Strength

Essex Property Trust's analyst price target has been modestly reduced by $4.00 to $287.71. Analysts cite recent sector updates and a more cautious outlook following third-quarter earnings previews.
EQR
US$59.05
Equity Residential
7D
-0.8%
1Y
-20.7%

EQR: Upcoming Earnings Season Will Bring Confidence Amid Sector Uncertainty

Equity Residential’s analyst price target has been reduced by $1.82 to $71.53. Analysts cite slightly lower fair value estimates and an updated sector outlook following recent research coverage.
AIV
US$5.62
Apartment Investment and Management
7D
4.5%
1Y
-36.3%
IRT
US$16.37
Independence Realty Trust
7D
0.4%
1Y
-23.0%
AVB
US$177.51
AvalonBay Communities
7D
0.4%
1Y
-22.6%

AVB: Upcoming $2.9 Billion Development Pipeline Will Drive Future Upside

AvalonBay Communities' analyst price target has been revised downward from $216.48 to $209.19. Analysts point to weakening leasing spreads, higher operating expenses, and tempered earnings outlooks amid challenging sector fundamentals.
MAA
US$130.27
Mid-America Apartment Communities
7D
0.6%
1Y
-17.8%

MAA: Shares Will Benefit From Easing Sunbelt Supply Headwinds By 2026

The analyst price target for Mid-America Apartment Communities has been reduced from $155.96 to $151.40. Analysts point to moderating multifamily supply headwinds and tempered earnings outlooks amid shifting sector fundamentals.
CSR
US$66.49
Centerspace
7D
13.2%
1Y
-8.3%
UMH
US$14.76
UMH Properties
7D
-2.1%
1Y
-22.8%
VRE
US$14.76
Veris Residential
7D
-1.6%
1Y
-18.8%
ELS
US$61.76
Equity LifeStyle Properties
7D
-0.3%
1Y
-13.0%

ELS: Resilient Sunbelt Demand And Stable Cash Flow Will Drive Upside

Analysts have modestly reduced their price target for Equity LifeStyle Properties from $67.50 to $62.50. They cite mixed second-quarter results and updated sector outlooks following recent conversations and industry checks.
UDR
US$34.48
UDR
7D
-0.3%
1Y
-22.4%

UDR: Sunbelt Supply Slowdown Will Support Multifamily Sector Recovery

Narrative Update on UDR Analysts have modestly reduced their fair value estimate for UDR by approximately $0.18 to $42.84. This change reflects lowered expectations for revenue growth and subdued outlooks for the broader multifamily REIT sector.
NXRT
US$30.87
NexPoint Residential Trust
7D
-1.6%
1Y
-32.0%