REIT all about it "Issue 1235 - In this week's "REIT all about it…"" Boissier

Research evidence excerpt

REIT all about it "Issue 1235 - In this week's "REIT all about it…"" Boissier

Global Research

26 June 2026ab

REIT all about it Equities

GlobalIssue 1235 - In this week's "REIT all about it…"

Real Estate

Charles Boissier, CFA

Performance overview Analyst

Over the past week, Global Real Estate has returned +2.0% and Global Equities -1.7% charles.boissier@ubs.com

in USD. Regionally, the UK (+6.3%) performed strongest, while Japan was the weakest +44-20-7568 4415

(-0.2%), in local currency. Check out our recent Global Real Estate Sector Keys deck for John Lam, CFA

latest trends, themes, valuation and more. Analyst

john-za.lam@ubs.com

+852-2971 6358

Australian REITs - When to buy residential REITs

Residential REITs have sold off sharply on rising interest rates and declining housing Michael Lim

sentiment, with investors asking us whether it is now time to buy. While valuations are Analyst

michael-h.lim@ubs.com

looking optically cheap, we think it is too early to get bullish on the large cap resi REITs as

+65-6495 5902

the critical macro factors we have identified (auction clearance rates and house price

expectations) have not signalled a bottom. UBS economists expect a 3-5% house price Kazufumi Takeuchi

fall over the next 12 months, which implies the time to start weighing up long positions Analyst

kazufumi.takeuchi@ubs.com

for large cap resi could be in Q4 2026. Top picks: GLF/INA.

+81-3-5208 6269

U.S. REITs - Healthcare REIT Primer: What Really Matters? Michael Goldsmith

Analyst

Healthcare REITs benefit from strong supply-demand dynamics driven by an aging U.S. michael.goldsmith@ubs.com

population and limited construction. Evolving from passive landlords to active partners, +1-212-713 2951

they now provide operators with capital, technology and operating expertise. With