July Sees Positive Gains for 12 of the Top 15 NAV REITs

In July 2024, 12 of the 15 largest NAV REITs reported positive returns, prompting Stanger to expand its coverage to include additional small-cap NAV REITs.

August 27, 2024

Robert A. Stanger & Co., Inc. has recently announced that 12 of the 15 largest net asset value (NAV) real estate investment trusts (REITs) posted positive total returns in July 2024. In response to the positive performance trends, Stanger has expanded its monthly flash reports to include five additional small-cap NAV REITs: Apollo Realty Income Solutions Inc., Cantor Fitzgerald Income Trust Inc., Clarion Partners Real Estate Income Fund, Cottonwood Communities Inc., and Invesco Real Estate Income Trust Inc.

David J. Inauen, head of research at Stanger, highlighted the positive momentum in the NAV REIT sector, noting that the majority of the largest players saw gains in July. With anticipated interest rate cuts and a market rally, Stanger is optimistic about renewed investor interest in NAV REITs and has expanded its reports to cover 99% of the NAV REIT market.

Stanger's flash reports already include data on major NAV REITs such as Blackstone Real Estate Income Trust Inc., Starwood Real Estate Income Trust Inc., and Hines Global Income Trust Inc., among others. Additionally, Stanger recently issued updated research on JLL Income Property Trust, reiterating its overweight rating, and upgraded KKR Real Estate Select Trust to an overweight rating, noting its substantial property portfolio.

Robert A. Stanger & Co., Inc., established in 1978, specializes in investment banking, financial advisory, and valuation services for real estate investment trusts and other partnerships, supporting strategic planning, capital formation, mergers, and acquisitions.