REIT P/E Ratio - Average per US Real Estate Investment Trust Sector on September-23-2020


On 2020-09-23, the average Price-Earnings ratio for all 227 US Real Estate Investment Trust (REITs) across 14 real estate sectors was 9.22. The average P/E ratio by sector from greatest to lowest value was:

Data Centers with 76.39.
Timber with 70.02.
Residential with 40.38.
Health Care with 31.01.
Office with 25.63.
Specialty with 22.74.
Industrial with 18.89.
Retail with 18.19.
Diversified with 11.51.
Mortgage with -0.74.
Hotel with -6.72.
Resorts with -13.56.
Self Storage with -27.45.
Infrastructure with -293.02.

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

The 7 Data Centers REITs had an average P/E ratio of 76.39.
The highest P/E ratio was CyrusOne, Inc. (CONE) with 426.07.
The lowest P/E ratio was QTS Realty Trust, Inc. (QTS) with -183.37.


The 4 Timber REITs had an average P/E ratio of 70.02.
The highest P/E ratio was Potlatch Corporation (PCH) with 147.21.
The lowest P/E ratio was CatchMark Timber Trust, Inc (CTT) with -9.73.


The 40 Residential REITs had an average P/E ratio of 40.38.
The highest P/E ratio was Retail Properties of America, Inc (RPAI) with 444.17.
The lowest P/E ratio was Clipper Realty, Inc. (CLPR) with -24.96.


The 26 Health Care REITs had an average P/E ratio of 31.01.
The highest P/E ratio was Healthcare Trust of America, Inc. (HTA) with 170.64.
The lowest P/E ratio was Gladstone Commercial Corporation, Inc. (GOOD) with -65.07.


The 49 Office REITs had an average P/E ratio of 25.63.
The highest P/E ratio was Retail Properties of America, Inc (RPAI) with 444.17.
The lowest P/E ratio was City Office REIT Inc (CIO) with -70.70.


The 20 Specialty REITs had an average P/E ratio of 22.74.
The highest P/E ratio was Entertainment Properties Trust, Inc. (EPR) with 124.80.
The lowest P/E ratio was Postal Realty Trust, Inc. (PSTL) with -33.96.


The 27 Industrial REITs had an average P/E ratio of 18.89.
The highest P/E ratio was Rexford Industrial Realty, Inc. (REXR) with 96.74.
The lowest P/E ratio was Gladstone Commercial Corporation, Inc. (GOOD) with -65.07.


The 57 Retail REITs had an average P/E ratio of 18.19.
The highest P/E ratio was Retail Properties of America, Inc (RPAI) with 444.17.
The lowest P/E ratio was Kite Realty Group (KRG) with -95.92.


The 31 Diversified REITs had an average P/E ratio of 11.51.
The highest P/E ratio was Entertainment Properties Trust, Inc. (EPR) with 124.80.
The lowest P/E ratio was Gladstone Land Corporation, Inc. (LAND) with -126.53.


The 42 Mortgage REITs had an average P/E ratio of -0.74.
The highest P/E ratio was Apollo Commercial Real Estate Finance, Inc. (ARI) with 76.02.
The lowest P/E ratio was Pennymac Mortgage Investment Trust (PMT) with -176.57.


The 34 Hotel REITs had an average P/E ratio of -6.72.
The highest P/E ratio was Host Hotels & Resorts, Inc. (HST) with 88.66.
The lowest P/E ratio was Apple Hospitality REIT, Inc. (APLE) with -213.35.


The 20 Resorts REITs had an average P/E ratio of -13.56.
The highest P/E ratio was Host Hotels & Resorts, Inc. (HST) with 88.66.
The lowest P/E ratio was Apple Hospitality REIT, Inc. (APLE) with -213.35.


The 9 Self Storage REITs had an average P/E ratio of -27.45.
The highest P/E ratio was National Storage Affiliates Trust (NSA) with 262.85.
The lowest P/E ratio was Global Self Storage, Inc. (SELF) with -656.45.


The 7 Infrastructure REITs had an average P/E ratio of -293.02.
The highest P/E ratio was Crown Castle International Corp. (CCI) with 86.02.
The lowest P/E ratio was SBA Communications Corporation (SBAC) with -2,185.74.


Important notice: This report is based on the REITs, data, and sectors tracked on REITNotes.com for the date 2020-09-23. The Price-Earnings 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-Earnings ratios are updated with the REIT’s closing stock price for the trading day. We calculate the average P/E ratio for the sector by adding the P/E 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/E ratio of REITs which are in multiple segments will be counted and contributed to the average P/E ratio for those different sectors.

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