REITs: The Weekly DBrief: The "There's a New Fed Chairman In Town" Edition

研报英文原文证据摘录

REITs: The Weekly DBrief: The "There's a New Fed Chairman In Town" Edition

Deutsche Bank

Research

North America Industry Date

REITs REITs 19 June 2026

The Weekly DBrief: The "There's a New Fed

Omotayo Okusanya Chairman In Town" Edition

Research Analyst

+1-212-250-9284

Weekly Performance

Macro Performance: This week (Thursday to Thursday), the MSCI US REIT Index Peter Abramowitz

(RMZ) was down -1.9% and underperformed the S&P 500 (+1.4%), as the 10-Year Research Analyst

+1-212-250-9504 Treasury yield increased +1 bp w/w. REITs underperformed in the latter half of

the week following the Fed meeting that concluded on Wednesday, as new Fed Rafi Lewis

Chairman Kevin Warsh did not try to distance himself from the hawkish signal of Research Associate

the Fed’s dot plot. With the probability of a Fed hike in September rising, and the

risk of a higher for longer rate environment rising, REITs delivered one of the Steven Pizzella, CFA

Research Analyst largest weeks of relative underperformance vs. the broader market we have seen +1-212-250-9817

this year. Long lease duration (Gaming) and higher leverage sectors

(Infrastructure) took the brunt of the hit this week, with AI-driven sectors (Data Benjamin Soff

Centers) and short lease duration sectors (Hotels) outperforming. Research Analyst

+1-212-250-3716

Sector Performance: The top-performing REIT sectors this week were Data

Centers (+3.9%), Hotels (+3.1%) and Specialty (+1.4%). Underperforming REIT Chris Woronka

sectors were Infrastructure (-8.2%), Gaming (-6.6%) and Manufactured Housing +1-212-250-9376

(-4.3%).

Top Performers: Data Centers outperformed with rotation back into the sector,

potentially helped by EQIX’s (+4.2%) announcement of an expansion of its

collaboration with Cisco and Nvidia.