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.
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.
REITs Outperformed Broader Market Equities in February
REITs significantly outperformed the broader stock market in February, with the FTSE Nareit All Equity REITs Index posting a total return of 7.5%, while the Dow Jones U.S. Total Stock Market and Russell 1000 both fell 0.5%.
Signs of Stabilizing Property Fundamentals Suggest Operational Gains in 2026
In the fourth quarter of 2025, CoStar data showed that fundamentals across the four traditional property types were still marked by supply-demand imbalances, but signs of stabilization were also evident.