REIT valuation and quality, rated 0 to 100.
One score that weighs what a REIT costs against how well it runs. Valuation counts for 55%, operating quality the other 45%, and the financial inputs come from published filing data and prices. Explore selected public scores below, with the scoring method and company research available to inspect.
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Published by Valyte. Scores and subscores range from 0 to 100. These leaderboards show selected high and low scores from 18 publicly rated companies. Browse public company research or read the methodology.
One score, no black box.
Most ratings ask you to take their word for it. Every Valyte Rating breaks down into the factors, weights, and peer ranks behind it, so when you disagree with a score, you can see exactly where and why.
55% valuation, 45% quality
Cheap alone doesn’t cut it. Valuation makes up 55% of the score, operating quality the other 45%, and those weights hold for every REIT we rate.
Cheap has to mean cheap
Valuation looks at a REIT’s NAV discount two ways: how it ranks against its sector, and whether it’s cheap in absolute terms. So when a whole sector trades at a premium, nothing in it gets called cheap just for being the least expensive of the bunch.
The value-trap guardrail
Some REITs are cheap for a reason. When the operating-quality subscore falls below 20, we cap the score and flag it, so a big discount can never drag a struggling operator up to a Strong rating.
Governance, scored from facts
Governance gets its own 0–100 scorecard built from what the filings actually say about management structure, takeover defenses, and board terms. If a fact isn’t known, it doesn’t count. We don’t guess.
A documented review process
Financial inputs follow our internal published-data review process. Governance also uses extraction-derived facts and analyst overrides. Read the methodology for the review boundaries.
Two percentiles per factor
Every factor gets ranked two ways: against sector peers and against the whole REIT universe. An office REIT can look great next to other office REITs and still be middling overall. You see both.
How the score is built.
Read the full rating methodology →
Financial inputs use our published-data process; governance also incorporates extraction-derived facts and analyst overrides. We pull new filings nightly, extract the numbers with a citation to the exact page they came from, and review financial data through our audit workflow. Internal review is distinct from an independent financial-statement audit. The rating runs on the same published financial values as the rest of the platform, so the NAV discount in a rating always matches the one in your screener.
From there, the score sizes up a REIT the way a good analyst would. Is it cheap against its sector, and cheap in absolute terms? Are operations earning that discount, or excusing it? Growth prospects count for something, but they can't paper over a rich price.
One thing a Valyte Rating is not: a price call. The research behind NAV-discount investing plays out over years, not quarters. A high score doesn't mean a stock is about to jump, and a low one doesn't mean it's about to fall.
When the data is thin, we say so.
A score you can trust starts with us admitting what we don't know. So the caveats sit right on the rating as flags, not in a footnote.
A quality subscore below 20 caps the score and raises this flag. However deep the discount, a struggling operator can’t rate Strong.
When too few quality metrics are available, we show the score but hold back the tier. Better no tier than a fake one.
When a sector has only a handful of rated names, we rank against the full REIT universe instead. Three companies don’t make a peer group.
A governance fact counts only once a filing states it. We never score a company on silence, and we never fill a gap with a guess.
Understand what drives each score.
Create a free account to explore the complete breakdowns for the current top three and bottom three companies. Follow the factors behind each score and decide what needs closer research. Paid plans unlock the whole ranked universe, ratings across the companies table, and the breakdown on every company page.
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Ratings is one piece of Valyte.
Behind the rating is a full REIT research platform: written briefings, screening, years of history, alerts, and an API. The score is where research starts, not where it ends.
Written quarterly briefings
Plain-English deep dives on what actually moved each REIT's quarter, with every claim sourced back to the filing it came from.
Screen the REIT universe
Filter by sector or build a watchlist, then layer conditions on NAV discount, FFO yield, occupancy, and more. Save your screens and alert on new matches.
Every metric in one table
NAV, FFO, AFFO, same-store NOI, occupancy, cap rate, and G&A for every public REIT, standardized and refreshed on every filing.
Years of history
Occupancy, FFO, NAV trajectory, and debt service coverage tracked across years, not just the latest filing, so you catch inflection points before price does.
Real-time alerts
Spot deteriorating fundamentals as they happen. Get NOI shifts, dividend cuts, or a REIT trading below your target NAV sent straight to your inbox.
API & MCP access
Pull NAV models, peer comps, and operating metrics into your own tools via REST API, or hook the Valyte MCP server into Claude, Cursor, or your own agents.
Know where every REIT stands.
Explore covered REITs using published financial data and transparent scoring.
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