Pillar III · Reports · Forthcoming 2027

What the public REITs are doing. Translated for private-market practitioners.

Quarterly intelligence on the public CRE REIT universe – portfolio acquisitions and dispositions, leverage ratios, distressed disclosures, capital-raise activity, and dividend posture. Useful context for private-market practitioners who watch the public market as a leading indicator.

Quarterly cadence

$39 founders

$49 per issue

Quarterly Sample on release

What each issue covers

REITs tracked

50+

Equity REITs by sector. Mortgage REITs covered in the Capital Markets Brief instead.

Source

10-K / 10-Q

SEC filings, earnings calls, press releases. Everything is citable.

Founders price

$39

$49 per issue. Quarterly subscription available.

Methodology

REIT data is sourced entirely from SEC 10-K and 10-Q filings, 8-K disclosures, earnings call transcripts (via public SEC EDGAR filings and company investor relations pages), and press releases with confirmed transaction or capital-raise data. No analyst estimates, no sell-side research, no modeled projections. Every figure in the report is directly citable to a public disclosure.

Coverage spans equity REITs organized by sector – multifamily, industrial, retail, office, hospitality, self-storage, data center, and diversified. Mortgage REITs are not included; that sector is covered in the Capital Markets Brief under distressed inventory. Metrics compiled per REIT include: total portfolio value, quarterly acquisitions and dispositions, net debt to EBITDA, secured vs. unsecured debt mix, occupancy, same-store NOI growth, equity raises, and any distressed disclosures (special-servicing transfers, impairments, watch-list assets noted in filings). The report does not produce return forecasts or make buy/sell recommendations.

Who this is for

Private-market acquisitions teams

The public REITs are the fastest-moving buyers and sellers in institutional CRE. Their portfolio shifts – what they're acquiring, what they're selling, and at what implied cap rates – are leading indicators for private-market pricing.

LP allocators

Benchmark private fund performance against public REIT sector returns. Track leverage trends and distressed disclosures across the public universe before they show up in private portfolio reviews.

Investment sales brokers

Understand the institutional buyer set. Which sectors are REIT buyers expanding in, which are they exiting, and at what pricing? That context shapes the institutional bid at your next deal.

Lender credit teams

Public REIT distressed disclosures are early signals for sector and geography stress. Credit teams watching leverage expansion and special-servicing transfers in the public market have more lead time on private market stress.

Issue outline

I. Sector Summary Tables

Aggregate metrics by sector – total market cap, weighted-average leverage, same-store NOI growth, occupancy, and dividend yield. Quarter-over-quarter change highlighted.

II. Portfolio Activity

Acquisitions and dispositions by REIT and sector this quarter. Transaction volume, implied cap rates where disclosed, and net buyer vs. seller posture by sector.

III. Leverage & Balance Sheet

Net debt to EBITDA by REIT, secured vs. unsecured debt mix, maturity wall summary, and interest coverage ratios. Flagged outliers on both ends.

IV. Distressed Disclosures

Impairments, special-servicing transfers, watch-list assets, and covenant violations disclosed in filings this quarter. By sector and named entity.

V. Capital Raises

Equity and debt raises completed this quarter – amounts, terms, use of proceeds. ATM program activity and convertible note issuance noted.

VI. Dividend Posture

Dividend changes (increases, cuts, suspensions) and payout ratios by REIT. Which sectors are under distribution pressure based on AFFO coverage.

FAQ

Is this investment research?

No. The REIT Tracker is an editorial compilation of public disclosures, not investment research. It does not include price targets, earnings estimates, or buy/sell recommendations. The audience is private-market practitioners using public REIT data as a market context signal, not REIT equity investors.

Why exclude mortgage REITs?

Mortgage REITs are a different analytical lens – they're primarily a read on the credit market, not the property market. That analysis lives in the Capital Markets Brief. Equity REITs, which own and operate assets, are the focus here.

How far behind are the filings?

10-Q filings are due 40–45 days after quarter-end for large accelerated filers; 45 days for accelerated filers. The REIT Tracker publishes approximately 60 days after quarter-end to allow most filings to land before the report closes.

Refund policy?

14-day refund if the file is materially different from what was described, corrupted, or not delivered correctly. Email support@valoreregistry.com.

Pricing

Single issue $49

Founders' price (first 14 days) $39

Quarterly subscription (4 issues) $149

PDF, ~30 pages per issue. Internal-use license per purchasing firm. Informational only – not investment, securities, or financial advice. Do not use as a basis for REIT equity investment decisions.

Quarterly refresh. Free re-download for 12 months from purchase.

14-day refund if the file is materially different from what was described, corrupted, or not delivered correctly.

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