Intelligent Real Estate ETF (REAI) Valuation
REAI valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 38.2 trailing earnings
- Forward P/E
- 27.4 analyst estimates
- Price / sales
- 3.69
- Price / book
- 2.93
- EV / EBITDA
- 19.0
- Earnings yield
- 2.62% inverse of P/E
- Dividend yield
- 4.12% of the holdings
- Return on equity
- 7.7% combined
- Net margin
- 9.7% combined
- Beta
- 1.01 weighted, vs S&P 500
REAI valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| REAI | 38.2 | 27.4 | 3.69 | 2.93 | 4.12% | 7.7% | 9.7% | 6.5% |
| 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.
REAI valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Real Estate | 95.0% | 32.0 | 28.0 | 7.81 | 2.93 | 4.18% | 9.2% |
| Technology | 1.1% | n/m | 11.6 | 0.10 | 3.24 | 0.00% | −98.9% |
REAI 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 REAI weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
REAI largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| EQIX | Equinix, Inc. | 9.88% | 63.4 | 52.1 | 9.8 | 2.09% | 8.36% |
| DLR | Digital Realty Trust, Inc. | 9.47% | 85.4 | 66.2 | 9.8 | 2.77% | 5.95% |
| DGTCF | DIGITAL CORE REIT | 7.56% | — | — | — | — | — |
| SGRO | Segro Plc | 5.25% | — | — | — | — | — |
| IRM | Iron Mountain Incorporated | 5.22% | 80.4 | 58.5 | 4.4 | 3.07% | 3.49% |
| AMT | American Tower Corporation | 5.07% | 25.5 | 24.6 | 7.9 | 3.86% | 10.67% |
| PSA | Public Storage | 4.82% | 28.5 | 27.2 | 11.4 | 4.02% | 9.08% |
| STAG | STAG Industrial, Inc. | 4.51% | 27.6 | 144.9 | 8.0 | 4.33% | 8.79% |
| SBAC | SBA Communications Corporation | 4.48% | 20.2 | 19.4 | 6.9 | 2.67% | 11.92% |
| AJBU | Keppel DC REIT | 4.45% | — | — | — | — | — |
| CCI | Crown Castle Inc. | 4.37% | 33.4 | 21.2 | 8.4 | 5.17% | 7.02% |
| PLD | Prologis, Inc. | 4.31% | 27.7 | 29.2 | 12.4 | 3.40% | 8.35% |
| FR | First Industrial Realty Trust, Inc. | 4.21% | 21.4 | 36.8 | 10.6 | 3.40% | 10.57% |
| IIPR | Innovative Industrial Properties, Inc. | 3.80% | 11.9 | 12.4 | 5.5 | 14.51% | 17.22% |
| REXR | Rexford Industrial Realty, Inc. | 3.55% | — | 18.8 | 8.5 | 4.72% | −9.03% |
| DGT | Digico Infrastructure REIT | 3.46% | — | — | — | — | — |
| CDP | COPT Defense Properties | 3.44% | 23.1 | 38.2 | 4.9 | 3.84% | 7.98% |
| BBOX | Tritax Big Box REIT plc | 3.09% | — | — | — | — | — |
| VICI | VICI Properties Inc. | 2.95% | 9.2 | 7.8 | 6.3 | 7.80% | 17.22% |
| FGXXX | First American Funds Inc. - Government Obligations Fund | 1.28% | — | — | — | — | — |
| EQR | Equity Residential | 1.09% | — | — | — | — | — |
| VNET | VNET Group, Inc. | 1.07% | — | 11.6 | 0.1 | — | −17.58% |
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 REAI valuation
Adding up its 15 holdings with company data, REAI trades at 38.2 times trailing earnings and 27.4 times analysts' forward estimates, with a price-to-book ratio of 2.93 and a dividend yield of 4.12%. Its earnings yield of 2.62% is 2.71 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 60.7% of the fund and earn 84.2% of its combined profit. Companies that lost money over the past year are 6.5% 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 73.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: REAI chart, REAI performance, REAI holdings, REAI dividends.
REAI valuation FAQ
What is the P/E ratio of REAI?
Based on its holdings, REAI has a trailing P/E of 38.2 and a forward P/E of 27.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of REAI?
The trailing earnings yield is 2.62% (1 ÷ P/E) and the forward earnings yield 3.64%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is REAI more expensive than the S&P 500?
REAI trades at 38.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 27.4 and 19.9.
What is the price-to-book ratio of REAI?
The holdings of REAI trade at 2.93 times book value, with a combined return on equity of 7.7%.