REIT all about it: Issue 1238 - In this week‘s "REIT all about it..."

Research evidence excerpt

REIT all about it: Issue 1238 - In this week‘s "REIT all about it..."

Global Research

17 July 2026ab

REIT all about it Equities

GlobalIssue 1238 - 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 +2.5% and Global Equities -0.1% charles.boissier@ubs.com

in USD. Regionally, Hong Kong (+5.6%) performed strongest, while Australia was the +44-20-7568 4415

weakest (-0.5%), in local currency. Check out our latest monthly doc for monthly review, John Lam, CFA

main themes, valuations and more. Analyst

john-za.lam@ubs.com

U.S. Senior Housing REITs - The quarterly checkup: 2Q'26 +852-2971 6358

We believe senior housing fundamentals remain very favorable. Robust demand, strong Michael Lim

pricing power, and historically limited new supply should drive sustained same-store Analyst

revenue growth and support another strong earnings season for senior housing REITs in michael-h.lim@ubs.com

+65-6495 5902

2Q'26.

Kazufumi Takeuchi

U.S. REITs - Gold on the road Analyst

kazufumi.takeuchi@ubs.com

We believe our findings remain supportive of Retail REIT fundamentals, particularly given +81-3-5208 6269

limited supply growth and continued retailer demand for quality space. Key takeaways

for Retail REITs include: 1) Physical stores remain central to retailers' growth and Michael Goldsmith

Analyst

omnichannel strategies; 2) Retailers continue to pursue store growth; 3) Retailers are

michael.goldsmith@ubs.com

becoming increasingly flexible on store formats; 4) Smaller, efficient store formats +1-212-713 2951

gaining traction; 5) The consumer remains bifurcated.

John C. Hodulik, CFA

US Brokers - Constructive fundamentals, increasing macro uncertainty john.hodulik@ubs.com