Real estate in 2026 is heavily influenced by rates, refinancing windows, and property fundamentals. The sector recovers quickly when rate pressure eases, but separate structurally healthy property types from those facing weak occupancy or supply issues.
Sector AnalysisETF: XLREUpdated May 6, 2026
Real Estate Sector Stocks
Real Estate includes REITs and property-related companies across industrial, retail, residential, office, data center, healthcare, and specialized infrastructure. The sector is highly rate-sensitive — financing costs and cap rates directly affect asset values. XLRE is the standard benchmark. Screening is essential because a data center REIT, an apartment landlord, and an office owner face completely different dynamics.
Research ByVCP Scanner Editorial Team
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| Ticker | Company | Price | Mkt Cap | P/E | ROE | Div Yield | |
|---|---|---|---|---|---|---|---|
| Welltower Inc. | $214.30 | $150.14B | 154.2 | 2.5% | 1.3% | ||
| Prologis, Inc. | $140.27 | $130.26B | 35.0 | 6.4% | 2.7% | ||
| Equinix, Inc. | $1078.46 | $106.36B | 78.4 | 9.7% | 1.8% | ||
| American Tower Corporation | $178.12 | $82.98B | 33.0 | 25.3% | 3.8% | ||
| Digital Realty Trust, Inc. | $196.69 | $67.59B | 54.9 | 5.5% | 2.5% | ||
| Simon Property Group, Inc. | $202.31 | $65.79B | 14.3 | 89.6% | — | ||
| KE Holdings Inc. | $18.14 | $60.54B | 35.9 | 5.7% | 1.9% | ||
| Realty Income Corporation | $63.57 | $59.37B | 54.3 | 2.7% | — | ||
| Public Storage | $298.82 | $52.46B | 33.2 | 18.6% | 4.4% | ||
| CBRE Group, Inc. | $142.57 | $41.79B | 37.0 | 12.3% | — | ||
| Ventas, Inc. | $86.78 | $41.26B | 160.7 | 2.1% | 2.1% | ||
| Iron Mountain Incorporated | $131.70 | $39.18B | 268.8 | — | 2.3% | ||
| Crown Castle Inc. | $89.10 | $38.88B | 87.4 | — | 5.3% | ||
| VICI Properties Inc. | $28.27 | $30.22B | 10.8 | 10.1% | 6.2% | ||
| Extra Space Storage Inc. | $139.79 | $29.52B | 30.5 | 6.7% | 4.6% | ||
| AvalonBay Communities, Inc. | $185.25 | $25.77B | 25.1 | 8.9% | 3.8% | ||
| Equity Residential | $66.25 | $24.82B | 22.8 | 9.7% | 4.1% | ||
| SBA Communications Corporation | $217.38 | $23.06B | 22.2 | — | 2% | ||
| Essex Property Trust, Inc. | $266.69 | $17.2B | 25.6 | 11.7% | 3.8% | ||
| Invitation Homes Inc. | $28.66 | $17.18B | 29.8 | 6.1% | 4.1% | ||
| Weyerhaeuser Company | $23.70 | $17.09B | 52.7 | 3.4% | 3.5% | ||
| Annaly Capital Management, Inc. | $22.38 | $16.08B | 7.7 | 14.1% | 13.1% | ||
| W. P. Carey Inc. | $73.18 | $16.05B | 34.7 | 5.6% | 4.9% | ||
| Kimco Realty Corporation | $23.54 | $15.88B | 28.4 | 5.5% | 4.5% | ||
| Sun Communities, Inc. | $125.27 | $15.44B | 11.6 | 19.1% | 6.7% | ||
| Mid-America Apartment Communities, Inc. | $130.16 | $15.14B | 34.4 | 7.5% | 4.7% | ||
| CoStar Group, Inc. | $34.90 | $14.79B | 2102.4 | 0.1% | — | ||
| Jones Lang LaSalle Incorporated | $318.13 | $14.76B | 19.4 | 10.9% | — | ||
| Host Hotels & Resorts, Inc. | $21.31 | $14.65B | 21.5 | 10.2% | 4.9% | ||
| Regency Centers Corporation | $78.89 | $14.44B | 28.0 | 7.5% | 3.6% |
Market Comparison
Real Estate Sector vs S&P 500 in one glance
This should answer the only question that matters here: are you getting something better than the market for the price you are paying?
Price vs market
Pricier
14% above S&P 500 trailing P/E
Quality vs market
Mixed quality
Net margin 25.2% vs 24.3%; ROE 12.4% vs 44.1%
Income vs market
Higher yield
Sector yield 2.71% vs 0.99%
Comparison table
Winner should register in under three seconds.
| Metric | Real Estate Sector | S&P 500 | Delta | Winner |
|---|---|---|---|---|
Trailing P/E Market is cheaper | 38.3x | 33.6x | +14% | S&P 500 cheaper |
Forward P/E Market is cheaper | 38.8x | 24.4x | +59% | S&P 500 cheaper |
EV/EBITDA Close to market | 21.7x | 22.0x | -1% | Near parity |
Net Margin Close to market | 25.2% | 24.3% | +4% | Near parity |
ROE Market is stronger | 12.4% | 44.1% | -72% | S&P 500 stronger |
Dividend Yield Sector is stronger | 2.7% | 1.0% | +174% | Sector yields more |
History check
Is the current premium normal?
1-year contextRich vs history
80th percentile; range 33.2x to 39.6x
5-year contextAbove normal
62th percentile; range 21.8x to 48.5x
Internal health
Median revenue growth6.3%
Median gross margin46.3%
Median FCF margin35.9%
Against the S&P 500, Real Estate Sector currently trades at 38.3x trailing earnings versus 33.6x for the broad market. That premium only makes sense if investors keep believing the sector deserves better margins, stronger returns on equity, and more durable growth than the index overall.
Industry Breakdown
Where the real weight sits inside Real Estate Sector
These cards are built from the full sector universe, then ranked by market cap so you can see which pockets are leading, rich, resilient, or dangerously concentrated.
Industry Scoreboard
Fast scan of Real Estate Sector industry setups
Use this table to spot heavyweights, cheap pockets, leaders, and genuinely beaten-down areas before opening the detailed cards below.
Specialty REITs 17 stocks | 19.5% $359.76B | Leading +5.5% median 3M | Premium 36.1x median Fwd P/E | Mixed 10.0% median ROE | Strong 2.7% rev growth | Expensive Leader Concentrated |
Industrial REITs 26 stocks | 16.2% $298.6B | Neutral +2.1% median 3M | Premium 30.4x median Fwd P/E | Mixed 4.9% median ROE | Weak 2.7% rev growth | Mixed Concentrated |
Healthcare REITs 18 stocks | 14.1% $259.71B | Neutral +2.5% median 3M | Premium 33.5x median Fwd P/E | High 2.5% median ROE | Strong 11.1% rev growth | Mixed One-name heavy |
Retail REITs 30 stocks | 12.9% $237.72B | Neutral +5.0% median 3M | Fair 39.3x median Fwd P/E | High 8.8% median ROE | Strong 6.7% rev growth | Watchlist Concentrated |
Residential REITs 21 stocks | 9.6% $177.11B | Neutral -0.4% median 3M | Premium 45.5x median Fwd P/E | Mixed 6.4% median ROE | Weak 3.2% rev growth | Mixed Diversified |
Real Estate Services 44 stocks | 9.2% $169.59B | Lagging -8.5% median 3M | Fair 18.1x median Fwd P/E | Weak -1.2% median ROE | Strong 7.6% rev growth | Broken Concentrated |
Office REITs 27 stocks | 6.6% $121.45B | Neutral -3.6% median 3M | Fair 69.4x median Fwd P/E | Mixed -2.0% median ROE | Weak -0.8% rev growth | Mixed One-name heavy |
Mortgage REITs 46 stocks | 4.7% $86.54B | Neutral -0.2% median 3M | Cheap 9.3x median Fwd P/E | Mixed 6.1% median ROE | Average 25.6% rev growth | Mixed Diversified |
Diversified REITs 23 stocks | 4.0% $73.63B | Neutral +0.4% median 3M | Fair 30.0x median Fwd P/E | Mixed 2.6% median ROE | Weak -0.0% rev growth | Mixed Concentrated |
Hotel REITs 16 stocks | 2.0% $37.04B | Leading +11.7% median 3M | Fair 24.8x median Fwd P/E | Weak 1.5% median ROE | Weak -0.5% rev growth | Mixed Concentrated |
Real Estate Development 15 stocks | 0.9% $17.48B | Lagging -2.7% median 3M | Cheap 15.3x median Fwd P/E | Weak -0.5% median ROE | Weak 6.7% rev growth | Broken Concentrated |
Diversified Real Estate 4 stocks | 0.4% $7.92B | Neutral -2.2% median 3M | Fair 18.1x median Fwd P/E | Mixed 9.0% median ROE | Strong 3.6% rev growth | Watchlist One-name heavy |
Real Estate 1 stocks | 0.0% $78M | Lagging -40.5% median 3M | Premium - median Fwd P/E | Mixed -8.3% median ROE | Average -0.8% rev growth | Mixed One-name heavy |
Showing 13 of 13 industries in Real Estate Sector.
Setup is a quick read of value, quality, growth, momentum, and concentration together.
19.5% OF SECTOR
Specialty REITs
Premium vs sectorMixed qualityLeadingStrong growthConcentrated
Specialty REITs is a major pocket of real estate, still leading on price action; growth is running above sector norms, quality signals are mixed, and valuation still carries a premium. Leadership is concentrated in a few names.
Median 3M return
+5.5%
Forward P/E
36.1x
Top 3 weight
63.5%
Market cap
$359.76B
Coverage
17 stocks
Breadth
69% pos. in 3M
Open filtered screener
16.2% OF SECTOR
Industrial REITs
Premium vs sectorMixed qualityNeutralWeak growthConcentrated
Industrial REITs is a major pocket of real estate, moving broadly in line with the rest of the sector; growth is softer than the sector average, quality signals are mixed, and valuation still carries a premium. Leadership is concentrated in a few names.
Median 3M return
+2.1%
Forward P/E
30.4x
Top 3 weight
71.1%
Market cap
$298.6B
Coverage
26 stocks
Breadth
72% pos. in 3M
Open filtered screener
14.1% OF SECTOR
Healthcare REITs
Premium vs sectorHigh qualityNeutralStrong growthOne-name heavy
Healthcare REITs is a major pocket of real estate, moving broadly in line with the rest of the sector; growth is running above sector norms, business quality is stronger than the sector median, and valuation still carries a premium. Leadership is extremely concentrated in one or two names.
Median 3M return
+2.5%
Forward P/E
33.5x
Top 3 weight
79.0%
Market cap
$259.71B
Coverage
18 stocks
Breadth
67% pos. in 3M
Open filtered screener
12.9% OF SECTOR
Retail REITs
Fairly pricedHigh qualityNeutralStrong growthConcentrated
Retail REITs is a major pocket of real estate, moving broadly in line with the rest of the sector; growth is running above sector norms, business quality is stronger than the sector median, and valuation is close to sector norms. Leadership is concentrated in a few names.
Median 3M return
+5.0%
Forward P/E
39.3x
Top 3 weight
59.3%
Market cap
$237.72B
Coverage
30 stocks
Breadth
73% pos. in 3M
Open filtered screener
9.6% OF SECTOR
Residential REITs
Premium vs sectorMixed qualityNeutralWeak growthDiversified
Residential REITs is a meaningful pocket of real estate, moving broadly in line with the rest of the sector; growth is softer than the sector average, quality signals are mixed, and valuation still carries a premium.
Median 3M return
-0.4%
Forward P/E
45.5x
Top 3 weight
38.3%
Market cap
$177.11B
Coverage
21 stocks
Breadth
48% pos. in 3M
Open filtered screener
9.2% OF SECTOR
Real Estate Services
Fairly pricedWeak qualityLaggingStrong growthConcentrated
Real Estate Services is a meaningful pocket of real estate, currently lagging on price action; growth is running above sector norms, quality metrics trail the sector median, and valuation is close to sector norms. Leadership is concentrated in a few names.
Median 3M return
-8.5%
Forward P/E
18.1x
Top 3 weight
69.1%
Market cap
$169.59B
Coverage
44 stocks
Breadth
40% pos. in 3M
Open filtered screener
6.6% OF SECTOR
Office REITs
Fairly pricedMixed qualityNeutralWeak growthOne-name heavy
Office REITs is a meaningful pocket of real estate, moving broadly in line with the rest of the sector; growth is softer than the sector average, quality signals are mixed, and valuation is close to sector norms. Leadership is extremely concentrated in one or two names.
Median 3M return
-3.6%
Forward P/E
69.4x
Top 3 weight
69.5%
Market cap
$121.45B
Coverage
27 stocks
Breadth
28% pos. in 3M
Open filtered screener
4.7% OF SECTOR
Mortgage REITs
Cheap vs sectorMixed qualityNeutralAverage growthDiversified
Mortgage REITs is a smaller pocket of real estate, moving broadly in line with the rest of the sector; growth is near the sector average, quality signals are mixed, and valuation sits below sector norms.
Median 3M return
-0.2%
Forward P/E
9.3x
Top 3 weight
37.7%
Market cap
$86.54B
Coverage
46 stocks
Breadth
46% pos. in 3M
Open filtered screener
4.0% OF SECTOR
Diversified REITs
Fairly pricedMixed qualityNeutralWeak growthConcentrated
Diversified REITs is a smaller pocket of real estate, moving broadly in line with the rest of the sector; growth is softer than the sector average, quality signals are mixed, and valuation is close to sector norms. Leadership is concentrated in a few names.
Median 3M return
+0.4%
Forward P/E
30.0x
Top 3 weight
72.0%
Market cap
$73.63B
Coverage
23 stocks
Breadth
52% pos. in 3M
Open filtered screener
2.0% OF SECTOR
Hotel REITs
Fairly pricedWeak qualityLeadingWeak growthConcentrated
Hotel REITs is a smaller pocket of real estate, still leading on price action; growth is softer than the sector average, quality metrics trail the sector median, and valuation is close to sector norms. Leadership is concentrated in a few names.
Median 3M return
+11.7%
Forward P/E
24.8x
Top 3 weight
66.7%
Market cap
$37.04B
Coverage
16 stocks
Breadth
75% pos. in 3M
Open filtered screener
0.9% OF SECTOR
Real Estate Development
Cheap vs sectorWeak qualityLaggingWeak growthConcentrated
Real Estate Development is a smaller pocket of real estate, currently lagging on price action; growth is softer than the sector average, quality metrics trail the sector median, and valuation sits below sector norms. Leadership is concentrated in a few names.
Median 3M return
-2.7%
Forward P/E
15.3x
Top 3 weight
70.0%
Market cap
$17.48B
Coverage
15 stocks
Breadth
40% pos. in 3M
Open filtered screener
0.4% OF SECTOR
Diversified Real Estate
Fairly pricedMixed qualityNeutralStrong growthOne-name heavy
Diversified Real Estate is a smaller pocket of real estate, moving broadly in line with the rest of the sector; growth is running above sector norms, quality signals are mixed, and valuation is close to sector norms. Leadership is extremely concentrated in one or two names.
Median 3M return
-2.2%
Forward P/E
18.1x
Top 3 weight
97.8%
Market cap
$7.92B
Coverage
4 stocks
Breadth
25% pos. in 3M
Open filtered screener
Showing top 12 of 13 industries
Sector Outlook
Real Estate Sector Outlook - Q1 2026
Updated Q1 2026
Industrial logistics, cell towers, and data center real estate continue to attract interest where long-term demand is clearer. More challenged categories need stronger balance sheet scrutiny.
Quality is best judged through cash flow durability and financing flexibility, not the stated dividend yield.
Earnings Calendar
Upcoming Earnings in Real Estate Sector
Earnings reports are the biggest near-term catalysts for sector moves. Track which names report in the next 60 days and size your positions accordingly.
No earnings in the next 60 days
Check individual stock pages for the latest earnings dates and estimated EPS.
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