Blue Vault’s Q2 2026 Nontraded REIT Industry Review and Individual Performance Reports are now available to Blue Vault subscribers.
The Industry Review provides a market-level perspective on capital raising, assets, distributions, leverage, liquidity, and investment performance, while the Individual Performance Reports offer detailed program-level results and quarter-over-quarter comparisons.
Highlights from the Q2 2026 reporting period include:
- Total capital raised across the programs reviewed edged higher overall, although more individual REITs reported quarter-over-quarter declines than increases—highlighting meaningful differences in fundraising momentum.
- Total assets increased at a substantial majority of the REITs, while the number of properties or investments also expanded across much of the market.
- Quarterly MFFO/AFFO payout ratios declined at most programs, suggesting improved distribution coverage in many cases, although coverage continued to vary considerably among individual REITs.
- Maximum distribution rates moved lower at a majority of programs, with changes generally modest but several REITs reporting more notable adjustments.
- Interest coverage results were mixed but remained relatively stable at the market level, while financing outlook classifications were largely unchanged.
- Debt-to-total-assets ratios declined at more than half of the programs, and weighted-average interest rates were nearly evenly divided between increases and decreases.
- Share redemption requests and redemptions granted declined at a majority of programs reporting comparable data. Most REITs continued to grant all requested redemptions, although results differed for certain programs.
- Quarterly total returns remained positive across all programs reviewed. Trailing 12-month returns improved at a majority of REITs, while longer-term results reflected a more varied picture.
The Q2 Report includes Individual Performance Reports for (orange font indicates this is the first quarter for which a performance report is being published for that particular fund):
Apollo Realty Income Solutions Q2 2026
Ares Industrial Real Estate Income Trust Q2 2026
Ares Real Estate Income Trust Q2 2026
Blackstone Real Estate Income Trust Q2 2026
Blue Owl Real Estate Net Lease Trust Q2 2026
Brookfield Real Estate Income Trust Q2 2026
Cantor Fitzgerald Income Trust Q2 2026
Cohen & Steers Income Opportunities REIT Q2 2026
Cottonwood Communities Q2 2026
EQT Exeter Real Estate Income Trust Q2 2026
ExchangeRight Essential Income REIT Q2 2026
Fortress Credit Realty Income Trust Q2 2026
Fortress Net Lease REIT Q2 2026
FS Credit Real Estate Income Trust Q2 2026
Goldman Sachs Real Estate Finance Trust Q2 2026
Highlands REIT Q2 2026
Hines Global Income Trust Q2 2026
Inland Real Estate Income Trust Q2 2026
InPoint Commercial Real Estate Income Q2 2026
Invesco Commercial Real Estate Finance Trust Q2 2026
Invesco Real Estate Income Trust Q2 2026
IPC Alternative Real Estate Income Trust Q2 2026
JLL Income Property Trust Q2 2026
J.P. Morgan Real Estate Income Trust Q2 2026
KBS Real Estate Investment Trust III Q2 2026
Lightstone Value Plus REIT I Q2 2026
Lightstone Value Plus REIT II Q2 2026
Lightstone Value Plus REIT III Q2 2026
Lightstone Value Plus REIT IV Q2 2026
Lightstone Value Plus REIT V Q2 2026
New Mountain Net Lease Trust Q2 2026
North Haven Net REIT Q2 2026
Nuveen Global Cities REIT Q2 2026
Principal Credit Real Estate Income Trust Q2 2026
Procaccianti Hotel REIT Q2 2026
RREEF Property Trust Q2 2026
Sculptor Diversified Real Estate Income Trust Q2 2026
Starwood Credit Real Estate Income Trust Q2 2026
Starwood Real Estate Income Trust Q2 2026
StratCap Digital Infrastructure REIT Q2 2026 (limited operations)
Strategic Storage Trust VI Q2 2026
Strategic Student & Senior Housing Trust Q2 2026
Summit Healthcare REIT Q2 2026
Blue Vault subscribers can access the Industry Review and Individual Performance Reports for comprehensive market analysis, detailed performance data, and comparisons with the previous quarter.
