Real Estate Securities Market Review

Global Market Review

Global listed real estate came under pressure in the third quarter of 2026, as a sharp rise in sovereign bond yields outweighed resilient property fundamentals across most major markets. The FTSE EPRA NAREIT Developed Index declined by approximately 6% for the period, with higher borrowing costs and concerns over asset values driving a broad de-rating of the sector. Despite the challenging market backdrop, operating conditions remained sound, supported by limited new supply, stable occupancy, positive rental growth, and sustained demand across several structurally supported property types.