2026 REIT Trading Trends
The latest update from S&P Global Real Estate on how multifamily stacks up against other asset categories. Read the report.
As of Feb. 2, publicly listed U.S. equity REITs traded at the median discount to consensus NAV per share estimate of 17.04 percent.
The multifamily sector traded at the largest median discount to NAV estimate at 18.74 percent. Self storage was next in line, trading at a median discount to NAV estimate of 13.02 percent.
The health-care sector ranked first, trading at a premium to NAV of 18.45 percent.
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Among health care REITs, Welltower Inc. traded at the largest premium to NAV estimate of all U.S. REITs, at 98.93 percent. Right behind were American Healthcare REIT Inc. and CareTrust REIT Inc., trading at premium to NAV estimates of 66.61 percent and 52.13 percent, respectively.
Hamdia Bukhari is senior associate in the Real Estate Client Operations Department of S&P Global Market Intelligence. If you are interested in learning more about the products and services available within S&P Global Real Estate data, please visit us here.
—Posted on Feb. 25, 2026
