U.S. REITs: Weekly Observations No. 51 (6/7/26)

Research evidence excerpt

U.S. REITs: Weekly Observations No. 51 (6/7/26)

Equity Research

U.S. REITs

7 June 2026

Weekly Observations No. 51

(6/7/26)

Our top NAREIT takeaways following meetings with 40+ U.S. REITs

companies. Plus: Weekly performance recap, factor spreads, NEUTRAL

sector valuations, macro heatmaps, and more. U.S. REITs

Richard Hightower

+1 212 526 8768

**We appreciate your consideration in the 2026 Extel All-America Research Survey. If we have richard.hightower@barclays.com

been helpful to your investment process this year, please vote 5 Stars for the Barclays REIT BCI, US

team (Rich Hightower & Brendan Lynch, plus additional team members). Vote here.** Brendan Lynch, CFA

+1 212 526 9428

Additionally, please join us on Thursday, June 18 in New York City for our inaugural "Best of brendan.lynch@barclays.com

Barclays": Cross-Sector Perspectives on Real Estate, Gaming & Lodging event. We've lined up BCI, US

an impressive roster of speakers from both inside and outside the firm. Register to attend

Jason Wayne, CFA

here.

+1 212 526 2650

NAREIT Takeaways jason.wayne@barclays.com BCI, US

Our team met with more than 40 companies at last week's NAREIT conference in NYC. (Readers

Marc Akinbi, CFAcan find our earlier company-specific recaps via the Barclays Live portal). We've arranged our

+1 212 526 6218

key takeaways by sub-sector in the space below.

marc.akinbi@barclays.com

BCI, USApartments

• Our Apartment REIT meetings were nearly universally bullish, and the stocks broadly Annabelle Ayer

outperformed last week, with the Sunbelt names (MAA, UDR, CPT) slightly edging out the +1 212 526 7387

annabelle.ayer@barclays.com Coastals. (Also note, neither AVB nor EQR attended the conference due to their recently

BCI, US

announced merger).

Eileen Gao