Truth Social American Red State REITs ETF (TSRS) Valuation
TSRS valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 24.4 trailing earnings
- Forward P/E
- 25.8 analyst estimates
- Price / sales
- 7.21
- Price / book
- 1.59
- EV / EBITDA
- 15.2
- Earnings yield
- 4.11% inverse of P/E
- Dividend yield
- 5.37% of the holdings
- Return on equity
- 6.5% combined
- Net margin
- 29.6% combined
- Beta
- 0.80 weighted, vs S&P 500
TSRS valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| TSRS | 24.4 | 25.8 | 7.21 | 1.59 | 5.37% | 6.5% | 29.6% | 0.0% |
| 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.
TSRS valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Real Estate | 91.5% | 24.4 | 25.8 | 7.21 | 1.59 | 5.37% | 6.5% |
TSRS 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 TSRS weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
TSRS largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| VICI | VICI Properties Inc. | 7.47% | 9.2 | 7.8 | 6.3 | 7.80% | 21.64% |
| FCPT | Four Corners Property Trust, Inc. | 7.11% | 20.0 | 20.2 | 7.9 | 6.90% | 9.47% |
| BNL | Broadstone Net Lease, Inc. | 7.05% | 23.9 | 24.6 | 8.1 | 6.45% | 7.87% |
| NNN | NNN REIT Inc | 6.83% | 20.6 | 20.4 | 8.4 | 5.97% | 8.84% |
| O | Realty Income Corporation | 6.44% | 40.6 | 33.7 | 8.7 | 5.81% | 4.22% |
| NHI | National Health Investors, Inc. | 5.62% | 19.2 | 18.1 | 7.5 | 5.67% | 7.80% |
| UMH | UMH Properties, Inc. | 4.48% | 127.0 | 142.9 | 4.8 | 5.91% | 0.94% |
| MAA | Mid-America Apartment Communities, Inc. | 4.21% | 34.1 | 33.6 | 6.3 | 5.25% | 3.29% |
| LAMR | Lamar Advertising Company | 3.95% | 27.4 | 29.5 | 6.6 | 4.40% | 3.83% |
| KRG | Kite Realty Group Trust | 3.49% | 15.4 | 42.6 | 6.3 | 4.71% | 6.03% |
| INVH | Invitation Homes Inc. | 3.34% | 24.8 | 30.4 | 5.6 | 4.43% | 3.58% |
| ADC | Agree Realty Corporation | 3.22% | 36.0 | 35.1 | 10.7 | 4.85% | 2.38% |
| IRT | Independence Realty Trust, Inc. | 3.18% | 82.1 | 69.4 | 5.3 | 4.87% | 1.03% |
| AMH | American Homes 4 Rent | 3.00% | 24.8 | 200.0 | 6.8 | 4.22% | 3.21% |
| STAG | STAG Industrial, Inc. | 2.94% | 27.6 | 144.9 | 8.0 | 4.33% | 2.84% |
| NTST | NETSTREIT Corp. | 2.84% | 122.8 | 41.7 | 8.0 | 5.24% | 0.62% |
| CPT | Camden Property Trust | 2.83% | 32.5 | 62.5 | 7.2 | 4.30% | 2.32% |
| EPRT | Essential Properties Realty Trust, Inc. | 2.58% | 20.2 | 22.8 | 9.2 | 4.91% | 3.39% |
| ELS | Equity LifeStyle Properties, Inc. | 2.13% | 29.6 | 28.6 | 7.8 | 3.55% | 1.91% |
| EGP | EastGroup Properties, Inc. | 1.82% | 34.5 | 42.0 | 14.1 | 3.56% | 1.41% |
| FPI | Farmland Partners Inc. | 1.67% | 20.3 | 161.3 | 8.9 | 3.48% | 2.20% |
| IVT | InvenTrust Properties Corp. | 1.58% | 158.3 | 250.0 | 7.4 | 3.33% | 0.27% |
| AHR | American Healthcare REIT, Inc. | 1.57% | 79.4 | 48.1 | 4.6 | 1.88% | 0.53% |
| CURB | Curbline Properties Corp. | 1.39% | 94.7 | 50.5 | 13.6 | 2.56% | 0.39% |
| FVR | FrontView REIT, Inc. | 0.78% | — | — | 7.5 | 5.01% | 0.01% |
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 TSRS valuation
Adding up its 25 holdings with company data, TSRS trades at 24.4 times trailing earnings and 25.8 times analysts' forward estimates, with a price-to-book ratio of 1.59 and a dividend yield of 5.37%. Its earnings yield of 4.11% is 1.22 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 56.6% of the fund and earn 73.9% of its combined profit. Companies that lost money over the past year are 0.0% 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: TSRS chart, TSRS holdings, TSRS dividends.
TSRS valuation FAQ
What is the P/E ratio of TSRS?
Based on its holdings, TSRS has a trailing P/E of 24.4 and a forward P/E of 25.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of TSRS?
The trailing earnings yield is 4.11% (1 ÷ P/E) and the forward earnings yield 3.87%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is TSRS more expensive than the S&P 500?
TSRS trades at 24.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 25.8 and 19.9.
What is the price-to-book ratio of TSRS?
The holdings of TSRS trade at 1.59 times book value, with a combined return on equity of 6.5%.