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 July 3, publicly listed U.S. equity REITs traded at the median discount to consensus NAV per share estimate of 8.94 percent.
The manufactured homes sector traded at the largest median discount to NAV estimate, at 15.18 percent. The multifamily was next in line, trading at a median discount to NAV estimate of 10.95 percent.
The health-care sector ranked first, trading at a premium to NAV of 27.62 percent.
Among the health-care REIT sector, Welltower Inc. traded at the largest premium to NAV estimate of all U.S. REITs, at 114.38 percent. Right behind were American Healthcare REIT Inc. and CareTrust REIT Inc., Inc., trading at premium to NAV estimates of 74.68 percent and 52.69 percent, respectively.
Psalm Uy is a 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 July 23, 2026
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
