Valyte Research

Public REIT research

Explore selected REIT ratings, valuation scores, and operating fundamentals. Start with the score, then investigate the assumptions and evidence behind it.

Published by Valyte using the ratings-2026-09-10 methodology. These quantitative summaries are generated from the published ratings data.

Ratings calculated . Financial data year: 2025. Reporting periods and price dates can differ by company.

This public selection contains 8 company snapshots from a rated universe of 18 companies. It is a research sample, not the entire universe or a sector ranking.

Selected public research coverage. Percentages are percentage points; unavailable data is not zero.
CompanyScoreValuationQualityNOI growthLeverage
UDR
UDR
71 / 100
strong
77631.20%27.20%
FR
First Industrial Realty
69 / 100
strong
71666.20%24.50%
CPT
Camden Property Trust
60 / 100
neutral
6060-0.50%21.00%
IRT
Independence Realty Trust
58 / 100
neutral
52661.70%34.60%
ESS
Essex Property Trust
47 / 100
neutral
29703.20%29.00%
PLD
Prologis
44 / 100
weak
26667.20%26.80%
STAG
STAG Industrial
44 / 100
weak
46424.20%31.80%
EGP
EastGroup Properties
43 / 100
weak
9858.30%16.40%

Compare the underlying businesses

Multifamily REITs

Compare the valuation and operating quality of selected apartment REITs. Read valuation scores alongside same-store NOI growth, leverage, and the rating methodology.

Industrial REITs

Compare selected industrial REITs on valuation, operating quality, and financial leverage. A low price alone does not explain tenant demand or future leasing performance.

Understand the method

How Valyte scores REITs explains the valuation and quality blend, peer groups, and limits of a rating.

NAV discounts and value traps · Calculating an implied cap rate · Valuation Monitor

Valyte Ratings are informational, data-driven scores based on quantitative analysis of company filings and market data. They are not investment advice or a recommendation to buy or sell any security, and should not be relied upon for investment decisions.