REIT Price to Sale (P/S) Ratio - Average per US Real Estate Investment Trust Sector on September-23-2020


On 2020-09-23, the average Price to Sales (P/S) ratio for all 232 US Real Estate Investment Trust (REITs) across 14 real estate sectors was 5.90*. The average P/S ratio by sector from greatest to lowest value was:

Industrial with 9.89.
Data Centers with 9.18.
Self Storage with 9.17.
Infrastructure with 8.69.
Specialty with 8.49.
Health Care with 6.36.
Diversified with 6.26.
Residential with 5.46.
Office with 5.16.
Retail with 4.59.
Timber with 4.02.
Mortgage with 3.66.
Hotel with 2.40.
Resorts with 1.24.

As follow are the average Price to Sale ratio per real estate sector, and the REITs with the highest and lowest P/S ratio in each sector on 2020-09-23:

The 29 Industrial REITs had an average P/S ratio of 9.89.
The highest P/S ratio was Prologis, Inc. (PLD) with 45.10.
The lowest P/S ratio was Colony Capital (CLNY) with 0.63.


The 7 Data Centers REITs had an average P/S ratio of 9.18.
The highest P/S ratio was QTS Realty Trust, Inc. (QTS) with 16.93.
The lowest P/S ratio was Iron Mountain, Inc. (IRM) with 2.02.


The 9 Self Storage REITs had an average P/S ratio of 9.17.
The highest P/S ratio was Public Storage (PSA) with 13.54.
The lowest P/S ratio was Global Self Storage, Inc. (SELF) with 4.35.


The 8 Infrastructure REITs had an average P/S ratio of 8.69.
The highest P/S ratio was SBA Communications Corporation (SBAC) with 16.92.
The lowest P/S ratio was Corenergy Infrastructure Trust, Inc. (CORR) with 1.07.


The 20 Specialty REITs had an average P/S ratio of 8.49.
The highest P/S ratio was Innovative Industrial Properties, Inc. (IIPR) with 59.09.
The lowest P/S ratio was Drive Shack Inc. (DS) with 0.32.


The 27 Health Care REITs had an average P/S ratio of 6.36.
The highest P/S ratio was Community Healthcare Trust (CHCT) with 17.67.
The lowest P/S ratio was Regional Health Properties,Inc. (RHE) with 0.10.


The 31 Diversified REITs had an average P/S ratio of 6.26.
The highest P/S ratio was Safehold Inc. (SAFE) with 30.74.
The lowest P/S ratio was Drive Shack Inc. (DS) with 0.32.


The 42 Residential REITs had an average P/S ratio of 5.46.
The highest P/S ratio was Essex Property Trust, Inc. (ESS) with 19.15.
The lowest P/S ratio was Medalist Diversified REIT, Inc. (MDRR) with 0.69.


The 52 Office REITs had an average P/S ratio of 5.16.
The highest P/S ratio was Equity Commonwealth (EQC) with 28.83.
The lowest P/S ratio was Pillarstone Capital REIT (PRLE) with 0.04.


The 61 Retail REITs had an average P/S ratio of 4.59.
The highest P/S ratio was Agree Realty Corp. (ADC) with 17.43.
The lowest P/S ratio was Pillarstone Capital REIT (PRLE) with 0.04.


The 4 Timber REITs had an average P/S ratio of 4.02.
The highest P/S ratio was Rayonier, Inc. (RYN) with 5.27.
The lowest P/S ratio was Weyerhaeuser Co. (WY) with 3.24.


The 42 Mortgage REITs had an average P/S ratio of 3.66.
The highest P/S ratio was HMG Courtland Properties, Inc. (HMG) with 27.49.
The lowest P/S ratio was RAIT Financial Trust (RASF) with 0.01.


The 35 Hotel REITs had an average P/S ratio of 2.40.
The highest P/S ratio was VICI Properties Inc. (VICI) with 14.35.
The lowest P/S ratio was Ashford Hospitality Trust, Inc. (AHT) with 0.02.


The 21 Resorts REITs had an average P/S ratio of 1.24.
The highest P/S ratio was MGM Growth Properties LLC (MGP) with 4.19.
The lowest P/S ratio was Ashford Hospitality Trust, Inc. (AHT) with 0.02.


*Important notice: This report is based on the REITs, data, and sectors tracked on REITNotes.com for the date 2020-09-23. The Price to Sale ratio may not be available for all REITs or reflect the latest information for all REITs, which may affect the ranking and values in the report. The REITs Price to Sale ratios are updated with the REIT’s closing stock price for the trading day. We calculate the average P/S ratio for the sector by adding the P/S ratio for all the REITs in that sector and dividing by the total quantity of REITs in that sector. Additionally, there are REITs which may have multiple types of real estate assets (e.g., Industrial, Resort, Data Center, etc.), so these REITs appear on our listing in various sectors. Therefore the P/S ratio of REITs which are in multiple segments will be counted and contributed to the average P/S ratio for those different sectors.

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