Over half of analyzed US equity REITs increased funds from operations guidance for 2026 during Q1 earnings releases.
A majority of US equity real estate investment trusts revised upward their 2026 funds from operations per share guidance during first-quarter earnings. Of 79 REITs analyzed, 44—or 55.7%—announced increases, marking the highest proportion since 2021.
The trend reflects improving sector sentiment amid stabilizing interest rates and recovering property valuations. Prior quarterly updates showed fewer revisions, with only 38% of REITs raising guidance in Q4 2025. Analysts had anticipated a modest uptick but not a majority shift.
The data suggests growing confidence in rental income growth and occupancy rates, though market reactions remain muted pending broader economic signals.