iShares Global REIT ETF

REET

Market cap $4.94B

Healthcare REITs like Medical Properties Trust and Chiron Real Estate are trading well below historical P/FFO multiples, presenting a compelling entry point. Demographic tailwinds and rising patient demand are set to drive long-term growth for the healthcare real estate sector, despite near-term reimbursement and cost headwinds. XRN is prioritizing long-term value through dividend cuts and high-return acquisitions, while MPT is recovering with ramping cash rent and portfolio diversification.

The State Street SPDR Dow Jones REIT ETF (RWR) focuses exclusively on U.S. markets, while the iShares Global REIT ETF (REET) provides exposure to both developed and emerging international real estate. REET carries a lower expense ratio of 0.14% compared to RWR's 0.25%.

The iShares Global REIT ETF provides exposure to both domestic and international markets, while the Vanguard Global ex-U.S. Real Estate ETF focuses exclusively on non-U.S. assets. The Vanguard Global ex-U.S. Real Estate ETF maintains a higher trailing-12-month dividend yield but has shown lower total returns over the past year.

State Street SPDR Dow Jones REIT ETF focuses on U.S. markets, while iShares Global REIT ETF provides global exposure across developed and emerging regions. iShares' ETF offers a lower expense ratio of 0.14% compared to the 0.25% cost of State Street's fund.

REITs have refused to break in 2026 despite oil-driven inflation pressure, rising Treasury yields, and a Fed narrative that flipped from multiple rate cuts to potential hikes. The “Rates Up, REITs Down” regime has weakened, with REIT-rate correlations falling sharply as fundamentals, strategy, capital allocation, and valuation catalysts increasingly drive performance. M&A has helped break the rate-driven narrative, validating public-market discounts to NAV and proving that REITs can unlock value through consolidation, privatizations, and strategic alternatives.

Surging oil prices and hotter inflation reports reignited rate-hike concerns, sending Treasury yields to one-year highs as the Iran conflict remained stalemated despite the highly anticipated Trump-Xi summit.

iShares Global REIT ETF (REET) offers a significantly lower expense ratio than FlexShares Global Quality Real Estate Index Fund (GQRE). GQRE provides a higher trailing-12-month distribution yield but has experienced a deeper maximum drawdown over the last five years.

U.S. equity markets advanced for a fifth straight week - their longest winning streak since 2024 - as strong earnings, resilient data, and hopes for lasting Iran peace fueled optimism. Investors looked through another oil-price surge and inflationary pressure, focusing instead on corporate resilience and economic strength despite a complex macro backdrop shaped by geopolitical and policy uncertainty. The Fed held rates steady in an unusually fractured 8-4 vote, while Powell's plan to remain on the Board broke precedent and raised politically charged succession questions.

VNQI offers a higher dividend yield compared to REET, but has a higher five-year risk profile as measured by maximum drawdown. REET allocates more heavily to U.S.-listed real estate names and shows higher recent volatility.

REET carries a much lower expense ratio and greater assets under management than RWX. RWX delivered a stronger one-year return but lagged REET over five years on a total return basis.