U.S. REITs: Into Next Week’s REITweek Conference: Key Debates & What Matters Most

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U.S. REITs: Into Next Week’s REITweek Conference: Key Debates & What Matters Most

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U.S. REITs

Into Next Week’s REITweek Conference:

Key Debates & What Matters Most

Industry Overview

REIT outperformance sets up a more important Nareit 29 May 2026

REITs have outperformed the S&P 500 YTD, supported by a strong 1Q marked by beats Equity

and raises and low expectations coming into ’26 given underweight positioning. The key United States

macro risk remains a higher 10-year yield, which could weigh on the sector if rates move REITs

much higher from here. While expectations into June Nareit are not as low as they were

at the Dec Nareit, generalist interest remains limited, even though demand for our June Jeffrey Spector

Research Analyst

Nareit meetings looks strong. Key incoming question: can stronger-than-expected YTD BofAS

results continue based on the demand and supply backdrop today? Based on BofA Econ’s +1jeff.spector@bofa.com646 855 1363

growth & jobs outlook, we believe the answer is yes. See inside subsector debates. Jana Galan

Key debate #1: Macro and AI still matter BofAS+1 646 855-5042

The first big debate heading into Nareit is how much macro uncertainty should matter jana.galan@bofa.com

from here, both for transactions and for leasing. So far, leasing commentary across Samir Khanal

sectors still sounds strong to healthy, which has helped support the group. At the same ResearchBofAS Analyst

time, AI and its potential impact on white-collar jobs remains an important question in +1 646 855 1497

samir.khanal@bofa.com

the background. Dedicated REIT investors seem less concerned for now than generalists,

Farrell Granath

but it remains part of the broader debate around demand durability, especially as Research Analyst