Federal Realty Shares Slump as 5% Treasury Yield Reprices REITs
Federal Realty is down about 17% from its July peak as the 10-year Treasury tops 5%, despite record leasing, a $508M Summit deal and higher 2026 FFO guidance.
Real Estate Investment Trust
Real estate investment trusts (REITs) are companies that own, operate, or finance income-producing property, giving everyday investors a way to gain exposure to real estate markets through publicly traded shares rather than direct property ownership. By law, REITs distribute the bulk of their taxable income as dividends, making them a popular vehicle for income-focused portfolios spanning apartments, offices, industrial parks, data centers, and retail centers.
The sector is closely watched right now because it sits at the intersection of several powerful forces reshaping the broader economy. Interest rate movements directly affect REITs' borrowing costs and valuations, while shifting work and living patterns continue to redraw demand across property types. Office space faces particular scrutiny as companies rethink footprints, with some markets pursuing conversions to residential use while others see bifurcated performance between large and small footprints. Meanwhile, apartment REITs navigate a cooling rental market after years of outsized growth, and investors parse quarterly results for signs of stress or resilience across individual names.
This hub gathers ongoing coverage of the REIT sector: earnings and dividend news, stock performance and volatility, capital markets activity like offerings and mergers, and the structural trends transforming commercial real estate. Readers will also find reporting on industry gatherings and conferences where executives and analysts debate where the sector heads next, along with data-driven analysis of leasing trends, vacancy rates, and property valuations. Whether you're an investor tracking sector rotation, an industry professional monitoring competitive dynamics, or simply following how real estate adapts to economic change, this collection offers a running account of a sector in transition.
Latest findings
First Industrial Realty Trust Draws $31.6M Fort Washington Stake
Fort Washington Investment Advisors bought 530,866 First Industrial Realty Trust shares worth $31.6M in Q3, as industrial REITs outpace office CRE stress.
New Jersey Office Vacancy Drops to 24.5% as Class A Leads Rebound
JLL says North and Central NJ office vacancy fell to 24.5% in Q3 2026, lowest since 2022, after a sixth straight quarter of positive absorption.
Suburban Chicago Office Vacancy Holds at 33.1% as Stock Shrinks
Chicago's suburban office vacancy held at 33.1% for a second quarter, ending 21 straight record highs, as demolitions and conversions shrink inventory.
Office Vacancy Falls to 18.3% as Small Tenants Drive Recovery
CBRE data show U.S. office vacancy falling since late 2025, hitting 18.3% in Q2 2026 on small leases, while office CMBS delinquencies stay near record highs.
Office Vacancy Falls to 19.8% as Office Loan Distress Hits New Highs
Cushman & Wakefield's Q3 report puts U.S. office vacancy at 19.8% after five straight quarters of positive absorption, as office CMBS delinquencies keep rising.
REIT Divide: Office Loan Defaults Rise as Data Center Builds Boom
Office CMBS delinquency hit decade highs this fall as data center REITs and new Blackstone and Blue Owl vehicles chase AI construction financing.
BSR REIT NYSE Listing Set for Oct. 14 as Toronto USD Units Delist
BSR REIT won NYSE approval and will trade as BSRT from Oct. 14. Its U.S.-dollar Toronto units (HOM.U) delist Oct. 13, and OTCQX trading ends.
Commercial Real Estate Loans Go Quiet at Regional Banks in Q3
Regional banks drove Q3 growth with business loans while property lending stayed muted, office loans kept souring and data center debt moved to private credit.
CAPREIT Units Hit 52-Week Low as Apartment REIT Repricing Widens
CAPREIT units hit a 52-week low as bond yields and REIT repricing overshadow resilient occupancy and rent data in its Q2 2026 results.
Office REITs Eye Comeback as Workers Return, Data Centers Wobble
Office REITs draw fresh investor interest as workers return, while data center REITs face AI slowdown fears and apartment trusts hold steady.
Office REITs Rally as Office CMBS Delinquencies Near a Record
Office REITs like SL Green rally on scarce trophy space, while Trepp's office CMBS delinquency rate hit 12.2% in September as refinancing failures pile up.
Goldman Sachs LCN Acquisition Bets $410M on Sale-Leaseback Growth
Goldman Sachs agreed to buy sale-leaseback specialist LCN Capital Partners for up to $410M, adding a $3B net-lease platform to its asset management arm.
NYC Real Estate 2026: Rates, Risk and CRE Demand Shifts
April 2026 real estate coverage shows NYC rate pressure, a Zillow slowdown warning, and new CRE demand tracking data.
US Apartment Rents Rise Again After Years of Flat Growth
US apartment rents are rising again after years of flat growth, though gains remain modest and wages continue to lag behind rent increases.
TCW Global Real Estate Fund Lags REIT Index as Tower Bets Drag
TCW's Global Real Estate Fund returned 9.54% in Q2 2026, trailing the S&P Global REIT Index's 11.08% as Crown Castle and Cellnex weighed on returns.
Saudi Arabia Reshuffles Diriyah Gate Leadership Amid Review
Saudi Arabia replaces a British CEO on a flagship project amid a PIF review, as global REITs and apartment values show mixed performance.
Boston Office Vacancy Lets Nonprofits Buy Downtown Buildings
Nonprofits like BreakTime and Embrace Boston are buying downtown Boston buildings cheaply as office vacancy tops 25% and tower loans head to foreclosure.
Life Sciences Real Estate Steadies as Lab Construction Dries Up
Lab construction in the U.S. has nearly stopped and leasing is picking up, but vacancy hit records near 24% in 2026 and REITs and CMBS lenders are still under
First Eagle Real Estate Debt Fund Posts 2.27% Q2, Avoids Office
First Eagle's FERLX returned 2.27% in Q2 2026 with no loan delinquencies, betting on housing credit while office CMBS delinquency nears record highs.
San Francisco Office-to-Housing Conversions Gain Ground as Values Fall
San Francisco office-to-housing proposals at 901 Market, 150 Hayes and 2300 Stockton advance as tax incentives, cheaper buildings and loan stress align.
Chiron Real Estate Bets on Senior Housing After 36% Dividend Cut
The former Global Medical REIT renamed itself Chiron, cut its dividend 36%, sold rehab hospitals and bought senior housing. Its shares still trade near $34.
Commercial Real Estate Bidding Hits Year-High Amid Split Market
Investor bidding for commercial real estate hits a year-high, even as offices split and 2026 CMBS maturities raise fresh risks.
Office Loan Distress Grows as Hotel and Data Center REITs Surge
Office CMBS delinquencies hit 12.2% in September, close to a record, while hotel, mall, data center and senior housing REITs post double-digit 2026 gains.
Apartment REITs Cool as Data Centers Heat Up in 2026
Apartments post flat values as data centers and specialty REITs attract capital in 2026's uneven commercial real estate market.
Housing Market Sees Local Gains, National Warning Signs
Treasure Coast housing tightens as Zillow warns of a national slowdown and REITs and Japan draw fresh investor interest.
Real Estate 2025: Apartments Cool, REITs Face Rate Pressure
Apartments stall as REITs post mixed Q2 results and Goldman buys LCN Capital amid high interest rates.
Big Offices Crash as Small Spaces Thrive, CoStar Data Shows
Large office towers are losing value while small offices gain, new CoStar and NAR data reveal a split commercial real estate market.
Commercial Real Estate Splits Into Winners and Losers
Office vacancy nears 18-30% in hard-hit cities, yet spots like NYC's Union Square hit full occupancy, revealing a split commercial real estate market.
Office-to-Housing Push Reshapes Commercial Real Estate Market
Cities weigh office-to-housing conversions as CMBS maturities and uneven vacancy trends reshape commercial real estate risk.