John Barwick

REITs delivered strong investment performance through mid-year 2026, outperforming the broad equity market by a sizable margin. This performance reversed their 2025 trend and showed that REITs can do well in an elevated and rising interest rate environment.

The FTSE EPRA Nareit Developed Extended Index was flat in June, while gaining 8.9% in 2026, as the FTSE EPRA Nareit Developed Index returned 1.0% for the month and has gained 10.2% year-to-date.

The FTSE Nareit All Equity REITs Index rose 1.5% in June, extending its year-to-date total return to 14.9%.

In 2025, U.S. listed REITs distributed approximately $71 billion in dividends, as reflected in Nareit’s REIT Industry Tracker.

The FTSE EPRA Nareit Developed Extended Index posted a total return of 9.3% year-to-date through June 10, while the FTSE EPRA Nareit Developed Index returned 9.4% over the same period.

The FTSE Nareit All Equity REITs Index remained essentially unchanged in May, posting a narrow total return of 0.1%. Despite the flat monthly performance, REITs continue to lead on a year-to-date basis.

The landscape of U.S. REIT M&A over the last six years has been defined by a significant volume of high-value consolidation.

The FTSE EPRA Nareit Developed Extended Index and the FTSE EPRA Nareit Developed Index each returned 8.6% in April, as markets recovered from the volatility attributed to the conflict in the Middle East.

The FTSE Nareit All Equity REITs Index rose 9.0% in April, in a month of strong returns across the FTSE Nareit U.S. Real Estate Index Series.

REITs have raised approximately $10 billion in 2026, a figure that does not include first quarter ATM issuance due to a lag in reporting.

The FTSE EPRA Nareit Developed Index posted a total return of 1.3% through the first quarter of 2026, while the FTSE EPRA Nareit Developed Extended Index returned 0.9% for the same period.