REIT all about it "Issue 1236 - In this week's "REIT all about it…"" Boissier

Research evidence excerpt

REIT all about it "Issue 1236 - In this week's "REIT all about it…"" Boissier

Global Research

3 July 2026ab

REIT all about it Equities

GlobalIssue 1236 - 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 +0.8% and Global Equities +1.0% charles.boissier@ubs.com

in USD. Regionally, Japan (+1.9%) performed strongest, while Australia was the +44-20-7568 4415

weakest (-2.8%), in local currency. Check out our recent Global Real Estate Sector Keys John Lam, CFA

deck for latest trends, themes, valuation and more. You are welcome to join UBS Analyst

analysts' Global REITs 2Q'26 preview call and can register here. john-za.lam@ubs.com

+852-2971 6358

Australian REITs - Sector update: Jun-26 Michael Lim

Diversified & Retail A-REITs outperformed. Top performing themes were core real estate Analyst

michael-h.lim@ubs.com

funds management and retail, with CHC, CNI, SCG, BWP and RGN outperforming.

+65-6495 5902

Residential-exposed names lagged, including SGP, MGR, INA, DXS and ARF, pressured by

rate outlook shifts and macro/inflation concerns weighing on returns. Subsector Kazufumi Takeuchi

preferences remain retail, land lease, data centres and selective office exposures. Our Analyst

kazufumi.takeuchi@ubs.com

most preferred A-REITs are GMG, GPT, CHC, VCX, RGN, ARF, GLF and INA.

+81-3-5208 6269

U.S. Apartment REITs - Monthly rent check: June-26 Michael Goldsmith

Analyst

The seasonal acceleration in national multifamily asking rent growth through June 2026 michael.goldsmith@ubs.com

has trended consistently with historical levels. This is in contrast to 2025 when the +1-212-713 2951

acceleration started to taper off in June. We think this suggests that rent growth this

John C.