Median Implied Cap Rate For U.S. Equity REITs Climbs Further In Q2 2026

S&P Global Market Intelligence 5 Followers Follow Summary The median implied capitalization rate for US equity real estate investment trusts increased 6 bps QoQ and 2 bps YoY to 7.8% in Q2, according to data compiled by S&P Global Market Intelligence. Hotel REITs posted the highest median implied cap rate among US equity REITs at 11.2%, maintaining their lead for another quarter. Office REITs followed, recording a median implied cap rate of 10.7%. Pla2na/iStock via Getty Images The median implied capitalization rate for US equity real estate investment trusts increased 6 basis points quarter-over-quarter and 2 bps year-over-year to 7.8% in the second quarter, according to data compiled by S&P Global Market Intelligence. This article was written by S&P Global Market Intelligence 5 Followers Follow S&P Global Market Intelligence provides data, news, research and analysis on global public and private companies.