Sector Statistics
- Companies above $2B with consistent data: 86
- Median P/E: 25.9 (vs. market 20.6, +25.5%)
- Median ROE: 7.2% (vs. market 12.0%, -40.1%)
- Average dividend yield: 4.7% (vs. market 1.8%, +152.1%)
- Average market cap: $16.1B
- Total market cap: $1.39T
Valuation verdict
14 cheap, 16 fairly priced, 52 expensive and 4 no verdict.
See the 14 cheap ones in the screener
Valuation verdict from each company page. "No verdict": cyclicals, distorted earnings, loss-making or page not yet computed.
Top 10 Lowest P/E
- Dynex Capital, Inc. (DX) — P/E 4.2 · ROE 16.9%
- AGNC Investment Corp. (AGNC) — P/E 4.5
- Annaly Capital Management, Inc. (NLY) — P/E 4.6 · ROE 18.4%
- Corporación Inmobiliaria Vesta, S.A.B. de C.V. (VTMX) — P/E 6.9 · ROE 8.8%
- Millrose Properties, Inc. (MRP) — P/E 7.8 · ROE 8.1%
- VICI Properties Inc. (VICI) — P/E 8.8 · ROE 10.0%
- Gaming and Leisure Properties, Inc. (GLPI) — P/E 11.0 · ROE 20.6%
- Simon Property Group, Inc. (SPG) — P/E 14.2 · ROE 88.6%
- Rithm Capital Corp. (RITM) — P/E 14.3 · ROE 5.5%
- Howard Hughes Holdings Inc. (HHH) — P/E 14.4 · ROE 7.2%
Top 10 Dividend Payers
- Dynex Capital, Inc. (DX) — Dividend yield 18.5% · P/E 4.2
- AGNC Investment Corp. (AGNC) — Dividend yield 16.4% · P/E 4.5
- Annaly Capital Management, Inc. (NLY) — Dividend yield 15.7% · P/E 4.6
- Millrose Properties, Inc. (MRP) — Dividend yield 13.6% · P/E 7.8
- Rayonier Inc. REIT (RYN) — Dividend yield 13.6% · P/E 36.8
- Rithm Capital Corp. (RITM) — Dividend yield 11.5% · P/E 14.3
- Brookfield Property Partners L.P. (BPYPO) — Dividend yield 10.6%
- Gaming and Leisure Properties, Inc. (GLPI) — Dividend yield 8.5% · P/E 11.0
- Highwoods Properties, Inc. (HIW) — Dividend yield 6.7% · P/E 19.5
- Park Hotels & Resorts Inc. (PK) — Dividend yield 6.6%
Leading Industries
- REIT - Specialty: 12 · $309.8B
- REIT - Healthcare Facilities: 10 · $266.0B
- REIT - Industrial: 9 · $250.6B
- REIT - Retail: 13 · $191.9B
- Real Estate - Services: 10 · $108.3B
- REIT - Residential: 8 · $102.0B
- REIT - Diversified: 4 · $48.1B
- REIT - Hotel & Motel: 6 · $34.8B
- REIT - Office: 6 · $32.3B
- REIT - Mortgage: 3 · $27.2B
- Real Estate - Development: 4 · $13.7B
- Telecommunications Services: 1 · $2.8B
Top Companies by Market Cap
- Welltower Inc. (WELL) — REIT - Healthcare Facilities · P/E 120.6 · Valuation: expensive
- Prologis, Inc. (PLD) — REIT - Industrial · P/E 28.7 · Valuation: expensive
- Equinix, Inc. (EQIX) — REIT - Specialty · P/E 65.8 · Valuation: expensive
- American Tower Corporation (AMT) — REIT - Specialty · P/E 22.3 · Valuation: cheap
- Simon Property Group, Inc. (SPG) — REIT - Retail · P/E 14.2 · Valuation: expensive
- Public Storage (PSA) — REIT - Industrial · P/E 27.1 · Valuation: cheap
- Realty Income Corporation (O) — REIT - Retail · P/E 39.5 · Valuation: expensive
- Ventas, Inc. (VTR) — REIT - Healthcare Facilities · P/E 155.6 · Valuation: expensive
- CBRE Group, Inc. (CBRE) — Real Estate - Services · P/E 29.7 · Valuation: cheap
- Iron Mountain Incorporated (IRM) — REIT - Specialty · P/E 81.0 · Valuation: expensive
- Crown Castle Inc. (CCI) — REIT - Specialty · P/E 27.0 · Valuation: expensive
- Extra Space Storage Inc. (EXR) — REIT - Industrial · P/E 29.4 · Valuation: cheap
- VICI Properties Inc. (VICI) — REIT - Diversified · P/E 8.8 · Valuation: expensive
- Vivmark Residential (VMRK) — REIT - Residential · P/E 26.2 · Valuation: expensive
- KE Holdings Inc. (BEKE) — Real Estate - Services · P/E 25.5 · Valuation: expensive
- SBA Communications Corporation (SBAC) — REIT - Specialty · P/E 17.1 · Valuation: expensive
- Invitation Homes Inc. (INVH) — REIT - Residential · P/E 23.9 · Valuation: expensive
- Host Hotels & Resorts, Inc. (HST) — REIT - Hotel & Motel · P/E 15.3 · Valuation: expensive
- Kimco Realty Corporation (KIM) — REIT - Retail · P/E 25.0 · Valuation: expensive
- Lamar Advertising Company (LAMR) — REIT - Specialty · P/E 26.3 · Valuation: cheap
- W. P. Carey Inc. (WPC) — REIT - Diversified · P/E 22.0 · Valuation: fairly priced
- Jones Lang LaSalle Incorporated (JLL) — Real Estate - Services · P/E 14.4 · Valuation: fairly priced
- Annaly Capital Management, Inc. (NLY) — REIT - Mortgage · P/E 4.6 · Valuation: expensive
- Sun Communities, Inc. (SUI) — REIT - Residential · Valuation: cheap
- Omega Healthcare Investors, Inc. (OHI) — REIT - Healthcare Facilities · P/E 15.8 · Valuation: cheap
- Healthpeak Properties, Inc. (DOC) — REIT - Healthcare Facilities · P/E 55.7 · Valuation: expensive
- Mid-America Apartment Communities, Inc. (MAA) — REIT - Residential · P/E 33.7 · Valuation: expensive
- Weyerhaeuser Company (WY) — REIT - Specialty · P/E 28.0 · Valuation: cheap
- Regency Centers Corporation (REG) — REIT - Retail · P/E 20.3 · Valuation: fairly priced
- Equity LifeStyle Properties, Inc. (ELS) — REIT - Residential · P/E 29.1 · Valuation: cheap
- CoStar Group, Inc. (CSGP) — Real Estate - Services · P/E 149.1 · Valuation: expensive
- American Homes 4 Rent (AMH) — REIT - Residential · P/E 24.0 · Valuation: expensive
- UDR, Inc. (UDR) — REIT - Residential · P/E 21.2 · Valuation: expensive
- Gaming and Leisure Properties, Inc. (GLPI) — REIT - Specialty · P/E 11.0 · Valuation: expensive
- EastGroup Properties, Inc. (EGP) — REIT - Industrial · P/E 34.3 · Valuation: expensive
- AGNC Investment Corp. (AGNC) — REIT - Mortgage · P/E 4.5 · Valuation: fairly priced
- American Healthcare REIT, Inc. (AHR) — REIT - Healthcare Facilities · P/E 74.6 · Valuation: expensive
- BXP, Inc. (BXP) — REIT - Office · P/E 32.5 · Valuation: expensive
- CareTrust REIT, Inc. (CTRE) — REIT - Healthcare Facilities · P/E 22.5 · Valuation: cheap
- Brixmor Property Group Inc. (BRX) — REIT - Retail · P/E 19.3 · Valuation: expensive
- CubeSmart (CUBE) — REIT - Industrial · P/E 25.7 · Valuation: fairly priced
- Rexford Industrial Realty, Inc. (REXR) — REIT - Industrial · Valuation: cheap
- Alexandria Real Estate Equities, Inc. (ARE) — REIT - Office · Valuation: expensive
- Agree Realty Corporation (ADC) — REIT - Retail · P/E 35.4 · Valuation: fairly priced
- NNN REIT, Inc. (NNN) — REIT - Retail · P/E 20.1 · Valuation: expensive
- Lineage, Inc. (LINE) — REIT - Industrial · Valuation: expensive
- Ryman Hospitality Properties, Inc. (RHP) — REIT - Hotel & Motel · P/E 28.2 · Valuation: fairly priced
- Terreno Realty Corporation (TRNO) — REIT - Industrial · P/E 17.3 · Valuation: fairly priced
- STAG Industrial, Inc. (STAG) — REIT - Industrial · P/E 27.7 · Valuation: expensive
- The Macerich Company (MAC) — REIT - Retail · Valuation: cheap
Frequently Asked Questions
How are sector averages calculated?
We compute average P/E, ROE, dividend yield, and market cap across all companies in the sector that are listed on NYSE, NASDAQ, or AMEX. Extreme outliers (e.g. negative or triple-digit P/E) are included in the simple average, so the median and distribution are often more informative than the mean.
How often is this page updated?
Underlying company data refreshes daily for the top 500 stocks by market cap and weekly for the broader universe. Valuation ratios are calculated from the most recent TTM (trailing twelve months) financial statements.
What makes a sector attractive?
There's no single answer — it depends on valuation relative to history, earnings momentum, interest rate regime, and sector-specific tailwinds. Compare current sector P/E to its 10-year average and look at earnings revisions to gauge where the tide is turning.