Citi‘s Most Read – Real Estate

Research evidence excerpt

Citi‘s Most Read – Real Estate

Roundup |

Citi's Most Read - Real Estate

July 6 - July 12 13 Jul 2026 06:05:29 ET

ACMost Read Citi Global Research

As boundaries increasingly blur between conventional sectors, and as bottom-up +44-20-7500-1400

and top-down analysis converges, Citi Research offers a Super-Sector lens to help

you better understand and take advantage of widespread disruptive trends and

innovation, extending our peer analysis for greater breadth and depth. The Real

Estate Super-Sector consists of the Real Estate/Property, and REITs sectors.

Please find below a collection of our most impactful recent research in the Real

Estate Global Super-Sector – we hope you find it thought-provoking.

Most Read

US REITs and Lodging - Finding the Right Pair – 2Q26 Earnings Preview and Pair

Trades

REITs enter 2Q earnings season on a positive trajectory, up on an absolute and

relative basis vs. the broad market YTD. While broad market trends (i.e. AI

implications), the macroeconomic environment, and interest rate movements

remain important considerations, we are generally constructive on REITs driven by

our expectation of solid earnings growth, a multi-year lower supply environment,

and improving KPIs. Updates to guidance, recent operating trends, and

management commentary will be key drivers of REIT performance throughout

earnings.

Nick Joseph | Seth Bergey, CPA, CFA | Craig Mailman | Smedes Rose | Eric Wolfe

Performance Indices

QTD Change YTD Change Last 30 Days Last 90 Days Last 6 Months Last 12

Performance Indices (*denotes total returns)

(%) (%) (%) (%) (%) Months (%)

FTSE NAREIT Equity REIT Total Return Index* 1.5% 19.6% 6.3% 12.3% 19.3% 22.4%

Citi Model REIT Portfolio* 1.8% 19.4% 7.3% 12.2% 19.1% 24.3%

MSCI US IMI Real Estate 25/50* 1.7% 13.1% 4.7% 9.7% 13.0% 13.5%