Cohen & Steers Real Estate Opportunities and… (RLTY) Valuation
RLTY valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 36.6 trailing earnings
- Forward P/E
- 30.2 analyst estimates
- Price / sales
- 7.34
- Price / book
- 2.86
- EV / EBITDA
- 20.1
- Earnings yield
- 2.73% inverse of P/E
- Dividend yield
- 3.51% of the holdings
- Return on equity
- 7.8% combined
- Net margin
- 20.1% combined
- Beta
- 0.94 weighted, vs S&P 500
RLTY valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| RLTY | 36.6 | 30.2 | 7.34 | 2.86 | 3.51% | 7.8% | 20.1% | 1.8% |
| 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.
RLTY valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Real Estate | 68.2% | 38.5 | 31.4 | 7.69 | 2.90 | 3.52% | 7.5% |
| Financial Services | 1.3% | 12.6 | 11.6 | 3.26 | 1.83 | 2.37% | 14.5% |
| Communication Services | 0.3% | 7.7 | 9.9 | 1.26 | 1.57 | 4.74% | 20.3% |
RLTY 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 RLTY weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
RLTY largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| WELL | Welltower Inc. | 12.01% | 105.3 | 78.1 | 13.3 | 1.45% | 6.12% |
| DLR | Digital Realty Trust, Inc. | 6.38% | 85.4 | 66.2 | 9.8 | 2.77% | 4.01% |
| CCI | Crown Castle Inc. | 4.29% | 33.4 | 21.2 | 8.4 | 5.17% | 6.89% |
| PLD | Prologis, Inc. | 3.67% | 27.7 | 29.2 | 12.4 | 3.40% | 7.12% |
| EQIX | Equinix, Inc. | 2.99% | 63.4 | 52.1 | 9.8 | 2.09% | 2.53% |
| PSA | Public Storage | 2.57% | 28.5 | 27.2 | 11.4 | 4.02% | 4.85% |
| AMT | American Tower Corporation | 2.28% | 25.5 | 24.6 | 7.9 | 3.86% | 4.79% |
| EGP | EastGroup Properties, Inc. | 2.13% | 34.5 | 42.0 | 14.1 | 3.56% | 3.32% |
| EXR | Extra Space Storage Inc. | 2.09% | 30.8 | 29.0 | 8.8 | 4.64% | 3.63% |
| ELS | Equity LifeStyle Properties, Inc. | 2.05% | 29.6 | 28.6 | 7.8 | 3.55% | 3.72% |
| ADC | Agree Realty Corporation | 1.91% | 36.0 | 35.1 | 10.7 | 4.85% | 2.85% |
| BXP | BXP, Inc. | 1.91% | 31.8 | 27.3 | 3.4 | 4.73% | 3.22% |
| ESS | Essex Property Trust, Inc. | 1.73% | 41.9 | 43.9 | 9.4 | 3.85% | 2.22% |
| OUT | Outfront Media Inc. | 1.69% | 21.9 | 19.0 | 2.8 | 4.05% | 4.14% |
| SPG | Simon Property Group, Inc. | 1.66% | 14.5 | 30.7 | 11.2 | 4.33% | 6.14% |
| SBAC | SBA Communications Corporation | 1.62% | 20.2 | 19.4 | 6.9 | 2.67% | 4.31% |
| IRM | Iron Mountain Incorporated | 1.59% | 80.4 | 58.5 | 4.4 | 3.07% | 1.06% |
| KIM | Kimco Realty Corporation | 1.58% | 27.0 | 27.5 | 7.0 | 4.89% | 3.14% |
| SUI | Sun Communities, Inc. | 1.37% | 89.5 | 33.8 | 6.5 | 3.79% | 0.82% |
| OHI | Omega Healthcare Investors, Inc. | 1.36% | 16.3 | 10.1 | 11.6 | 5.96% | 4.48% |
| EPRT | Essential Properties Realty Trust, Inc. | 1.32% | 20.2 | 22.8 | 9.2 | 4.91% | 3.50% |
| HST | Host Hotels & Resorts, Inc. | 1.23% | 16.2 | 22.2 | 2.7 | 3.34% | 4.08% |
| CTRE | CareTrust REIT, Inc. | 1.17% | 22.8 | 21.3 | 15.1 | 4.27% | 2.75% |
| HR | Healthcare Realty Trust Incorporated | 1.10% | — | 10.8 | 5.3 | 5.49% | −0.87% |
| KRC | Kilroy Realty Corporation | 1.00% | 24.4 | 99.0 | 3.7 | 6.20% | 2.19% |
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 RLTY valuation
Adding up its 48 holdings with company data, RLTY trades at 36.6 times trailing earnings and 30.2 times analysts' forward estimates, with a price-to-book ratio of 2.86 and a dividend yield of 3.51%. Its earnings yield of 2.73% is 2.60 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 40.5% of the fund and earn 47.0% of its combined profit. By sector, Real Estate is the most expensive at 38.5 times earnings and Communication Services the cheapest at 7.7. Companies that lost money over the past year are 1.8% 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 94.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: RLTY chart, RLTY performance, RLTY holdings, RLTY dividends.
RLTY valuation FAQ
What is the P/E ratio of RLTY?
Based on its holdings, RLTY has a trailing P/E of 36.6 and a forward P/E of 30.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of RLTY?
The trailing earnings yield is 2.73% (1 ÷ P/E) and the forward earnings yield 3.31%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is RLTY more expensive than the S&P 500?
RLTY trades at 36.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 30.2 and 19.9.
What is the price-to-book ratio of RLTY?
The holdings of RLTY trade at 2.86 times book value, with a combined return on equity of 7.8%.
Which sector in RLTY has the highest P/E?
Real Estate has the highest P/E at 38.5 and Communication Services the lowest at 7.7.