SPDR Dow Jones REIT ETF (RWR) Valuation
RWR valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 45.7 trailing earnings
- Forward P/E
- 34.4 analyst estimates
- Price / sales
- 6.85
- Price / book
- 2.32
- EV / EBITDA
- 18.0
- Earnings yield
- 2.19% inverse of P/E
- Dividend yield
- 3.87% of the holdings
- Return on equity
- 5.1% combined
- Net margin
- 15.0% combined
- Beta
- 0.96 weighted, vs S&P 500
RWR valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| RWR | 45.7 | 34.4 | 6.85 | 2.32 | 3.87% | 5.1% | 15.0% | 5.7% |
| 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.
RWR valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Real Estate | 97.5% | 45.7 | 34.4 | 6.85 | 2.32 | 3.87% | 5.1% |
RWR 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 RWR weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
RWR largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| WELL | Welltower Inc. | 10.26% | 105.3 | 78.1 | 13.3 | 1.45% | 4.80% |
| PLD | Prologis, Inc. | 9.06% | 27.7 | 29.2 | 12.4 | 3.40% | 16.12% |
| SPG | Simon Property Group, Inc. | 4.73% | 14.5 | 30.7 | 11.2 | 4.33% | 16.08% |
| PSA | Public Storage | 4.68% | 28.5 | 27.2 | 11.4 | 4.02% | 8.09% |
| VTR | Ventas, Inc. | 4.28% | 159.0 | 128.2 | 6.9 | 2.42% | 1.33% |
| EQIX | Equinix, Inc. | 4.26% | 63.4 | 52.1 | 9.8 | 2.09% | 3.31% |
| EQR | Equity Residential | 4.23% | — | — | — | — | — |
| O | Realty Income Corporation | 4.11% | 40.6 | 33.7 | 8.7 | 5.81% | 4.98% |
| DLR | Digital Realty Trust, Inc. | 3.95% | 85.4 | 66.2 | 9.8 | 2.77% | 2.28% |
| EXR | Extra Space Storage Inc. | 2.95% | 30.8 | 29.0 | 8.8 | 4.64% | 4.71% |
| ESS | Essex Property Trust, Inc. | 1.82% | 41.9 | 43.9 | 9.4 | 3.85% | 2.14% |
| HST | Host Hotels & Resorts, Inc. | 1.71% | 16.2 | 22.2 | 2.7 | 3.34% | 5.21% |
| KIM | Kimco Realty Corporation | 1.52% | 27.0 | 27.5 | 7.0 | 4.89% | 2.77% |
| INVH | Invitation Homes Inc. | 1.42% | 24.8 | 30.4 | 5.6 | 4.43% | 2.82% |
| WPC | W. P. Carey Inc. | 1.40% | 22.3 | 24.2 | 8.2 | 5.83% | 3.09% |
| OHI | Omega Healthcare Investors, Inc. | 1.39% | 16.3 | 10.1 | 11.6 | 5.96% | 4.21% |
| SUI | Sun Communities, Inc. | 1.37% | 89.5 | 33.8 | 6.5 | 3.79% | 0.76% |
| DOC | Healthpeak Properties, Inc. | 1.33% | 54.2 | 169.5 | 4.6 | 6.43% | 1.21% |
| MAA | Mid-America Apartment Communities, Inc. | 1.33% | 34.1 | 33.6 | 6.3 | 5.25% | 1.92% |
| AHR | American Healthcare REIT, Inc. | 1.18% | 79.4 | 48.1 | 4.6 | 1.88% | 0.73% |
| REG | Regency Centers Corporation | 1.16% | 24.7 | 28.9 | 8.1 | 4.12% | 2.32% |
| ELS | Equity LifeStyle Properties, Inc. | 1.16% | 29.6 | 28.6 | 7.8 | 3.55% | 1.93% |
| EGP | EastGroup Properties, Inc. | 1.06% | 34.5 | 42.0 | 14.1 | 3.56% | 1.51% |
| UDR | UDR, Inc. | 1.03% | 21.7 | 51.5 | 7.1 | 5.08% | 2.34% |
| CPT | Camden Property Trust | 1.02% | 32.5 | 62.5 | 7.2 | 4.30% | 1.55% |
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 RWR valuation
Adding up its 93 holdings with company data, RWR trades at 45.7 times trailing earnings and 34.4 times analysts' forward estimates, with a price-to-book ratio of 2.32 and a dividend yield of 3.87%. Its earnings yield of 2.19% is 3.14 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 52.5% of the fund and earn 63.8% of its combined profit. Companies that lost money over the past year are 5.7% 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 95.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: RWR chart, RWR performance, RWR holdings, RWR dividends.
RWR valuation FAQ
What is the P/E ratio of RWR?
Based on its holdings, RWR has a trailing P/E of 45.7 and a forward P/E of 34.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of RWR?
The trailing earnings yield is 2.19% (1 ÷ P/E) and the forward earnings yield 2.91%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is RWR more expensive than the S&P 500?
RWR trades at 45.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 34.4 and 19.9.
What is the price-to-book ratio of RWR?
The holdings of RWR trade at 2.32 times book value, with a combined return on equity of 5.1%.