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US REITs trade at 7.6% median discount to NAV as of Jan. 31

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US REITs trade at 7.6% median discount to NAV as of Jan. 31

Editor's note: This Data Dispatch is updated monthly and was last published Jan. 3. Analysis includes current publicly traded U.S. equity real estate investment trusts with market capitalizations greater than $200 million. Click here to download the NAV monitor template to calculate REIT sector-level median or mean premiums/discounts to net asset value.

U.S. equity REITs traded at a median discount to consensus net asset value of 7.6% as of Jan. 31.

As of Jan. 31, the industrial REIT sector traded at the greatest median premium to NAV, at 3.8%, while regional mall REITs traded at the largest discount to NAV, at 28.5%.

Healthcare REIT Community Healthcare Trust Inc. traded at the greatest premium to NAV, at 61.5%, as of January-end. Self-storage REIT National Storage Affiliates Trust and hotel REIT Ryman Hospitality Properties Inc. followed at 24.2% and 22.5%, respectively.

Office REIT New York REIT Inc. traded at the largest discount to NAV, at 68.3%. Regional mall REITs CBL Properties and Washington Prime Group Inc. followed at discounts of 62.0% and 49.0%, respectively. Among the REITs trading at greatest discounts, six companies were from the retail sector.

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For additional country and sector-level NAV dissection, try SNL's Global NAV Analysis Excel template, as well as other real estate templates that can be found in the template library.