U.S. REITs "NAREIT The Room: Thoughts Heading Into REITweek 2026" Goldsmith

Research evidence excerpt

U.S. REITs "NAREIT The Room: Thoughts Heading Into REITweek 2026" Goldsmith

Global Research

26 May 2026ab

U.S. REITs Equities

AmericasNAREIT The Room: Thoughts Heading Into

REITweek 2026 Real Estate

Michael Goldsmith

Analyst

michael.goldsmith@ubs.com

Categorizing NAREIT REITweek meetings into four buckets +1-212-713 2951

We expect the upcoming NAREIT REITweek conference to reinforce the recent themes Ami Probandt

and trends coming out of 1Q'26 earnings releases and recent management meetings. Analyst

We don't necessarily see that as a bad thing given the volatility experienced the last ami.probandt@ubs.com

several years. Still, there are several key themes that we think will drive the tone and lines +1-212-713 2078

of questioning in meetings. In particular, we would categorize these motifs into several Justin Haasbeek

cohorts. Associate Analyst

justin.haasbeek@ubs.com

How is peak leasing season trending? We see the most meaningful updates

+1-212-713 2014

and discussions coming from the shorter-term lease subsectors that rely on the

peak leasing season, such as Apartments, SFRs, and Self Storage. Generally, we Connor Mitchell

believe that trends reported in May 2026 will be particularly influential on the Associate Analyst

connor.mitchell@ubs.com

trajectory of the year. We believe that recent momentum has been sustained, with

+1-212-649 8246

trends continuing albeit at more muted than typical trajectories.

Anna O'Neil

Can recent inflections be sustained? We are closely watching for data updates Associate Analyst

for subsector updates from Cold Storage, SFRs, and Office along with DOC which anna.oneil@ubs.com

all popped following 1Q'26 earnings. We think this has set a higher bar for these +1-212-713 4386

subsectors.