Sumit Roy, president and CEO of Realty Income (NYSE: O) and Nareit 2026 Chair, sat down for a video interview during Nareit’s REITworld: 2025 Annual Conference in Dallas, Dec. 8–11.
Roy emphasized the durability and strategic clarity that define the REIT model, particularly at moments when the broader commercial real estate environment is in flux. “REITs are built for transparency, discipline, and long-term value creation—qualities investors consistently gravitate toward in uncertain markets,” he said.
Roy noted that despite dislocation in private real estate valuations, REITs continue to demonstrate strong fundamentals and access to efficient capital. He highlighted the continued closing of the public-private valuation gap as an encouraging trend for 2026. “The listed market adjusts faster, and that agility becomes an advantage when opportunities emerge,” he observed.
As Nareit 2026 Chair, Roy underscored the industry’s collective responsibility to maintain high standards of governance, stewardship, and communication. He pointed to the depth of the sector and the diversity of REIT business models as key strengths. “Our industry’s resilience comes from its breadth—across sectors, geographies, and strategies—and that diversity positions REITs exceptionally well for the next phase of growth,” he said.
Roy added that Nareit’s role, amplifying the value proposition of REITs, educating policymakers and investors, and fostering industry dialogue, remains central as capital markets evolve.
Roy also reflected on Realty Income’s positioning heading into 2026, noting the advantages that come from scale, disciplined underwriting, and a diversified global footprint. He emphasized that the company’s focus remains consistent: “Our model works because we stay disciplined: long-term leases, strong credits, and a balance sheet that allows us to be selective.”