REITs: 2026 NAREIT REITweek Key Takeaways

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REITs: 2026 NAREIT REITweek Key Takeaways

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REITs

2026 NAREIT REITweek Key Takeaways

Industry Overview

2026 NAREIT Fixed Income Meeting Focus 09 June 2026

BofA Global Research co-hosted the 2026 NAREIT Fixed Income meetings from 6/2/26 – High Grade Credit

6/4/26. In this report, we include key takeaways from management fixed income Americas

presentations for 25 issuers, including (in order): AMH, INVH, UDR, BRX, FRT, KIM, SPG, REITs

SKT, ARE, BXP, HIW, KRC, PDM, VNO, LINE, PLD, PSA, WELL, HR, OHI, GLPI, VICI, WPC, Ryan Shelley

SAFE, LADR. Research Analyst

BofAS

Fundamentals generally positive/improving despite noise +1ryan.shelley@bofa.com646 855 8283

Across subsectors, commentary generally remained positive about the operating outlook Evan Silvia

for the remainder of 2026/into 2027. For multifamily/SFR, leasing demand in peak ResearchBofAS Analyst

leasing season is generally trending well through May, while the 21st Century ROAD to +1 646 855 6708

evan.silvia@bofa.com

Housing Act was a large topic of discussion, with AMH/INVH stating that while there

was still uncertainty around what final form (if any) legislation would take, the recent

House version of the Bill was a positive development – however, any potential ratings

upgrades are likely on hold until there is a resolution. For retail, despite all of the noise

around consumer health, leasing + retailer demand for space remained robust (with an

added tailwind from lack of new supply), tenant watchlists remain stable and traffic

across malls/strip centers has not seen material changes. In Office, commentary

indicated a broadening of leasing momentum across markets, specifically in NYC and SF;

additionally, despite noise earlier this year, office REITs said that they had not yet seen