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.
Global Real Estate Rose Across all Regions in January, Led by Asia and Europe
The FTSE EPRA Nareit Developed Index posted a total return of 3.8% in January, while the FTSE EPRA Nareit Developed Extended Index returned 3.5%.
REITs Begin 2026 with Broad-Based Strength
REITs outperformed large-cap equities and the broader stock market in January, with the FTSE Nareit All Equity REITs Index posting a total return of 2.8%.
Mapping the Divide Between Private and Public Real Estate Market
The NCREIF Open End Diversified Core Equity index (ODCE) is a commonly used benchmark for investors in private real estate.
REITs Raised $80 Billion in Capital Offerings in 2025, $6.7 Billion in Q4
REITs raised approximately $79.9 billion in 2025, a figure that does not include fourth quarter ATM issuance due to a lag in reporting.
Global Real Estate Rose in 2025, Led by Asia and Europe
The FTSE EPRA Nareit Developed Index posted a total return of 10.7% in 2025, while the FTSE EPRA Nareit Developed Extended Index returned 9.5% for the year.
REITs Post Narrow Gains in 2025
REITs ended 2025 on a muted note, as the FTSE Nareit All Equity REITs Index fell 2.1% in December, finishing the year with a total return of 2.3%. The FTSE Nareit Mortgage REITs Index rose 16.0% for the year, led by the home financing sector with a total return of 26.4%.
With Property Transactions Trending Upward, REITs Are Ready for Action
REITs have been active property buyers and sellers throughout real estate cycles.
REITworld 2025 Recap
Nareit’s REITworld: 2025 Annual Conference convened 1,000 REIT leaders and industry professionals Dec. 8–11 in Dallas.