JPMorgan Realty Income ETF (JPRE) Valuation
JPRE valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 42.8 trailing earnings
- Forward P/E
- 37.2 analyst estimates
- Price / sales
- 7.60
- Price / book
- 2.82
- EV / EBITDA
- 19.7
- Earnings yield
- 2.34% inverse of P/E
- Dividend yield
- 3.49% of the holdings
- Return on equity
- 6.6% combined
- Net margin
- 17.8% combined
- Beta
- 0.97 weighted, vs S&P 500
JPRE valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| JPRE | 42.8 | 37.2 | 7.60 | 2.82 | 3.49% | 6.6% | 17.8% | 4.0% |
| SPY | 25.9 | 19.9 | 3.67 | 5.47 | 1.08% | 21.1% | 14.2% | 1.9% |
| QQQ | 34.2 | 23.4 | 5.93 | 9.27 | 0.58% | 27.1% | 17.4% | 6.9% |
| DIA | 20.9 | 18.4 | 3.16 | 5.52 | 1.55% | 26.4% | 15.1% | 0.0% |
| VTI | 28.2 | 19.4 | 3.31 | 5.00 | 1.07% | 17.7% | 11.8% | 4.6% |
| IWM | n/m | 13.9 | 1.25 | 2.03 | 1.38% | −1.7% | −1.0% | 28.1% |
Same method for every fund. n/m = not meaningful (combined trailing earnings below zero or close to it). Loss-makers = weight of holdings with negative trailing earnings.
JPRE valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Real Estate | 96.1% | 42.8 | 37.2 | 7.60 | 2.82 | 3.49% | 6.6% |
JPRE earnings yield vs bond yields
Earnings yield = earnings ÷ price (1 ÷ P/E). The gap to bond yields is a rough gauge of the extra return stocks are priced to deliver.
How JPRE weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
JPRE largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| WELL | Welltower Inc. | 12.96% | 105.3 | 78.1 | 13.3 | 1.45% | 5.61% |
| PLD | Prologis, Inc. | 9.46% | 27.7 | 29.2 | 12.4 | 3.40% | 15.56% |
| EQIX | Equinix, Inc. | 8.58% | 63.4 | 52.1 | 9.8 | 2.09% | 6.16% |
| DLR | Digital Realty Trust, Inc. | 6.99% | 85.4 | 66.2 | 9.8 | 2.77% | 3.73% |
| AMT | American Tower Corporation | 6.45% | 25.5 | 24.6 | 7.9 | 3.86% | 11.54% |
| VTR | Ventas, Inc. | 4.89% | 159.0 | 128.2 | 6.9 | 2.42% | 1.40% |
| SPG | Simon Property Group, Inc. | 4.05% | 14.5 | 30.7 | 11.2 | 4.33% | 12.74% |
| EXR | Extra Space Storage Inc. | 3.61% | 30.8 | 29.0 | 8.8 | 4.64% | 5.34% |
| CCI | Crown Castle Inc. | 3.45% | 33.4 | 21.2 | 8.4 | 5.17% | 4.70% |
| REG | Regency Centers Corporation | 3.04% | 24.7 | 28.9 | 8.1 | 4.12% | 5.62% |
| INVH | Invitation Homes Inc. | 2.86% | 24.8 | 30.4 | 5.6 | 4.43% | 5.25% |
| DOC | Healthpeak Properties, Inc. | 2.80% | 54.2 | 169.5 | 4.6 | 6.43% | 2.35% |
| HST | Host Hotels & Resorts, Inc. | 2.60% | 16.2 | 22.2 | 2.7 | 3.34% | 7.33% |
| EGP | EastGroup Properties, Inc. | 2.41% | 34.5 | 42.0 | 14.1 | 3.56% | 3.19% |
| KIM | Kimco Realty Corporation | 2.21% | 27.0 | 27.5 | 7.0 | 4.89% | 3.74% |
| EQR | Equity Residential | 2.17% | — | — | — | — | — |
| UDR | UDR, Inc. | 2.10% | 21.7 | 51.5 | 7.1 | 5.08% | 4.40% |
| CPT | Camden Property Trust | 1.48% | 32.5 | 62.5 | 7.2 | 4.30% | 2.07% |
| MAC | The Macerich Company | 1.35% | — | — | 6.6 | 2.96% | −1.67% |
| CUBE | CubeSmart | 1.31% | 26.7 | 24.4 | 7.7 | 5.44% | 2.23% |
| SMA | SmartStop Self Storage REIT, Inc. | 1.30% | 64.5 | — | 6.9 | 4.68% | 0.92% |
| SUI | Sun Communities, Inc. | 1.26% | 89.5 | 33.8 | 6.5 | 3.79% | 0.64% |
| CUZ | Cousins Properties Incorporated | 1.22% | 691.0 | 10.1 | 4.4 | 4.63% | 0.08% |
| ARE | Alexandria Real Estate Equities, Inc. | 1.02% | — | 16.7 | 2.5 | 6.92% | −6.78% |
| IRM | Iron Mountain Incorporated | 0.88% | 80.4 | 58.5 | 4.4 | 3.07% | 0.50% |
Share of earnings = the holding's part of the fund's combined trailing profit. Green: earns more than its weight; orange: less. Symbol links go to each company's key metrics.
About JPRE valuation
Adding up its 33 holdings with company data, JPRE trades at 42.8 times trailing earnings and 37.2 times analysts' forward estimates, with a price-to-book ratio of 2.82 and a dividend yield of 3.49%. Its earnings yield of 2.34% is 2.99 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 63.5% of the fund and earn 72.4% of its combined profit. Companies that lost money over the past year are 4.0% of the covered weight.
How these figures are calculated. Each ratio treats the fund as one company: the earnings, sales and book value of every holding are added up in proportion to its weight and divided into the fund's price. In practice that is a weighted harmonic mean, so a single stock with a very high P/E cannot distort the result, and loss-making companies reduce the fund's earnings instead of being dropped. Covers 97.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: JPRE chart, JPRE performance, JPRE holdings, JPRE dividends.
JPRE valuation FAQ
What is the P/E ratio of JPRE?
Based on its holdings, JPRE has a trailing P/E of 42.8 and a forward P/E of 37.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of JPRE?
The trailing earnings yield is 2.34% (1 ÷ P/E) and the forward earnings yield 2.69%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is JPRE more expensive than the S&P 500?
JPRE trades at 42.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 37.2 and 19.9.
What is the price-to-book ratio of JPRE?
The holdings of JPRE trade at 2.82 times book value, with a combined return on equity of 6.6%.