Market Commentary
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REITWatch
REITWatch is a monthly statistical publication intended to provide a snapshot of the REIT industry. It includes data derived from the FTSE Nareit U.S. Real Estate Index Series and the FTSE/EPRA Nareit Global Real Estate Index Series in addition to tracking the performance of individual REITs.
Stuck in a Rut: Private Real Estate Appraisal Shortcomings Benefit REITs
The wide gap between public and private real estate valuations has remained stubbornly slow-to-close.
Beyond the Three Approaches: How Valuation Support Indicators Can Strengthen CRE Appraisals in Volatile Markets
The traditional real estate appraisal process works reliably during relatively stable real estate markets but reliance on the three established approaches—cost, sales comparison, and income—can be challenging when markets are volatile.
REITs Underperformed Broad Market Equities in March; Outperforming Year-to-Date
On a year-to-date basis as of March 31, REITs have outperformed broad market equities with the FTSE Nareit All Equity REITs Index posting a total return of 3.8%, while the Dow Jones U.S. Total Stock Market fell 4.0% and the Russell 1000 fell 4.2%.
REITs Outperform as Divergence with Broad Equity Market Narrows
While broad equity and REIT market valuation dislocations may be uncommon, historically, they have presented buying opportunities for REIT investors.
Early Robust Gains May Signal Strong Year for REIT Performance
REIT performance began 2026 with a strong start.
Global Real Estate Continued to Outperform Broader Markets in February
The FTSE EPRA Nareit Developed Index posted a total return of 11.1% through the first two months of 2026, while the FTSE EPRA Nareit Developed Extended Index returned 10.8% for the same period.
Global Active REIT Portfolios Shift Toward Americas Health Care, Asian, European Diversified in Q4 2025
The global active manager tracker follows the quarterly investment holdings by the 25 largest actively managed funds invested globally.
Property Space Markets, Led by Office & Retail, Showing Signs of Stabilization
Space market fundamentals can differ markedly across property types.