Global and Regional Trends: Analyzing Overarching Trends Affecting REITs Both in Developed and Emerging Markets, Including Economic Shifts

REITs have gained global prominence, with 893 listed REITs and a market capitalization of $1.9 trillion in 2023. US Office REITs face challenges due to remote work trends and rising interest rates, leading to a 31% discount. In contrast, India's REIT trade at a discount of 11% to NAV with huge potential in growth for operational office stock, favourable government policies, and robust demand thereby offering an opportunistic investment landscape.

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The Author

Somy Thomas

Managing Director – Valuation & Advisory, India Co-Head – Capital Markets, India, Cushman & Wakefield India

Somy leads the India team of Valuations and co-heads the Capital Markets teams at Cushman & Wakefield. He has two decades of experience of working with developers/institutions in domestic and international Initial Public Offering and large institutional deals in Indian real estate. He also actively works various corporates on their real estate strategies and helps in the implementation of the same through acquisitions and divestments.