Baird’s Michael Bellisario Says Lodging REIT Outlook Cautiously Optimistic
In this episode of the REIT Report, senior research analyst Michael Bellisario of Baird outlines a cautiously optimistic but muted outlook for lodging and hotel REITs in 2026. He highlights modest RevPAR growth driven by events like the World Cup and the U.S. 250th anniversary, a strong performance in luxury and high‑end segments versus weaker economy‑midscale properties, and limited new supply due to high capital costs. Transaction activity remains low, with most REITs selling assets or buying back stock rather than acquiring new hotels, and managers are focusing on group bookings to bolster occupancy. Bellisario stresses that elevated cost of capital and flat profit forecasts constrain aggressive capital deployment.
CenterSquare’s Todd Briddell Highlights Alpha Opportunity, Innovation in REIT Market
In this episode, CenterSquare CEO Todd Bridell discusses how the firm’s 30‑year REIT strategy turns market volatility into alpha, consistently outperforming both public benchmarks and private real‑estate products. He explains the shifting dynamics between public REITs and private markets, noting...
Citi Global Real Estate Team Sees Higher Returns, More Positive Supply Outlook in 2026
Citi’s global real estate research team—Nick Joseph (U.S.), Aaron Guy (U.K.), and Howard Penny (Australia)—forecast higher real estate stock returns in 2026 than in 2025, driven by a more encouraging global supply‑demand balance and constructive growth outlooks. They expect total...
CBRE’s Henry Chin Expects Increased Capital Deployed in U.S. Real Estate
In this episode, Henry Chin, global head of research at CBRE, outlines the outlook for U.S. commercial real estate investing in 2026, noting a strong investor sentiment and an anticipated 16% rise in capital deployment. He explains that the surge...