Short answer: As of the November 9, 2026 close, the best-performing sectors since the rate hike are Hotels (+15.9%), Self-Storage (+14.0%) and Infrastructure (+6.3%).
Data as of the November 9, 2026 close. Every figure on this page is checked against at least two independent sources, or two separate SEC filings, before it is published. How we verify data.
The Federal Reserve raised its benchmark rate on September 16, 2026, its first increase since 2023. From the September 15, 2026 close, the day before the decision, through November 9, 2026, the median listed REIT moved -0.1% and 75 of 152 rose. The 10-year Treasury yield went from 5.00% to 4.88%.
By Sector
| # | Sector | REITs | Median change |
|---|---|---|---|
| 1 | Hotels | 13 | +15.9% |
| 2 | Self-Storage | 5 | +14.0% |
| 3 | Infrastructure | 3 | +6.3% |
| 4 | Data Center | 2 | +2.6% |
| 5 | Office | 17 | +2.3% |
| 6 | Healthcare | 15 | +2.3% |
| 7 | Retail | 18 | +2.2% |
| 8 | Timber | 2 | +0.8% |
| 9 | Industrial | 9 | +0.2% |
| 10 | Gaming | 2 | -0.6% |
| 11 | Residential | 13 | -0.7% |
| 12 | Specialty | 5 | -1.1% |
| 13 | Net Lease | 16 | -3.5% |
| 14 | Mortgage | 30 | -17.1% |
| 15 | Farmland | 2 | -21.7% |
Held Up Best
| # | REIT | Ticker | Sector | Since Sept. 15 | Typical move per 0.25-point rise in the 10-year yield | Grade |
|---|---|---|---|---|---|---|
| 1 | Apple Hospitality REIT | APLE | Hotels | +27.5% | -2.3% | B 71 |
| 2 | Empire State Realty Trust | ESRT | Office | +26.0% | -3.8% | C 64 |
| 3 | Summit Hotel Properties | INN | Hotels | +25.6% | -4.1% | C 62 |
| 4 | Xenia Hotels & Resorts | XHR | Hotels | +25.4% | -3.1% | C 65 |
| 5 | SmartStop Self Storage REIT | SMA | Self-Storage | +23.7% | -4.4% | C 59 |
| 6 | Chatham Lodging Trust | CLDT | Hotels | +21.7% | -2.4% | C 55 |
| 7 | Crown Castle | CCI | Infrastructure | +19.9% | -5.2% | C 62 |
| 8 | Pebblebrook Hotel Trust | PEB | Hotels | +19.6% | -3.2% | C 56 |
| 9 | RLJ Lodging Trust | RLJ | Hotels | +17.3% | -1.6% | C 63 |
| 10 | Extra Space Storage | EXR | Self-Storage | +16.6% | -4.6% | B 78 |
| 11 | DiamondRock Hospitality | DRH | Hotels | +15.9% | -2.8% | C 65 |
| 12 | Orion Properties | ONL | Office | +15.8% | -5.6% | D 42 |
| 13 | Sunstone Hotel Investors | SHO | Hotels | +15.0% | -1.7% | C 67 |
| 14 | Host Hotels & Resorts | HST | Hotels | +14.2% | -1.6% | B 78 |
| 15 | Simon Property Group | SPG | Retail | +14.2% | -3.6% | B 83 |
Fell the Most
| # | REIT | Ticker | Sector | Since Sept. 15 | Typical move per 0.25-point rise in the 10-year yield | Grade |
|---|---|---|---|---|---|---|
| 1 | Granite Point Mortgage Trust | GPMT | Mortgage | -66.5% | +2.5% | D 36 |
| 2 | Arbor Realty Trust | ABR | Mortgage | -64.6% | -3.6% | D 42 |
| 3 | Uniti Group | UNIT | Specialty | -55.0% | -0.3% | n/a |
| 4 | Medical Properties Trust | MPT | Healthcare | -48.6% | -2.8% | D 47 |
| 5 | Adamas Trust | ADAM | Mortgage | -36.5% | -3.2% | D 47 |
| 6 | Ready Capital | RC | Mortgage | -35.0% | -3.5% | D 34 |
| 7 | Chimera Investment | CIM | Mortgage | -33.0% | -4.1% | C 55 |
| 8 | AG Mortgage Investment Trust | MITT | Mortgage | -28.9% | -3.0% | D 54 |
| 9 | NexPoint Residential Trust | NXRT | Residential | -28.5% | -2.0% | C 60 |
| 10 | Gladstone Land | LAND | Farmland | -25.9% | -1.6% | C 56 |
| 11 | MFA Financial | MFA | Mortgage | -25.5% | -2.8% | C 57 |
| 12 | Industrial Logistics Properties Trust | ILPT | Industrial | -24.4% | -1.9% | D 44 |
| 13 | BrightSpire Capital | BRSP | Mortgage | -23.9% | -2.6% | D 51 |
| 14 | Global Net Lease | GNL | Net Lease | -23.8% | -0.7% | D 51 |
| 15 | Service Properties Trust | SVC | Hotels | -22.6% | -1.1% | D 37 |
Excluded: REITs in liquidation, wind-down or with suspended dividends (Apartment Investment and Management, Apollo Commercial Real Estate Finance, Braemar Hotels & Resorts, Elme Communities, Franklin Street Properties, Piedmont Office Realty Trust, SITE Centers), because returning capital to shareholders moves their share prices for reasons unrelated to the market.
How This List Is Built
Price change from the September 15, 2026 close to the latest close, computed separately from Nasdaq and Cboe records and published only when both agree. The rate-sensitivity column is measured over the past year and explained on our rate sensitivity page.
Frequently Asked Questions
How did REITs react to the September 2026 rate hike?
The median listed REIT moved -0.1% from the September 15, 2026 close through November 9, 2026, and 75 of 152 REITs rose.
Which REIT sector held up best after the hike?
Hotels, with a median move of +15.9%.
Which REIT fell the most after the rate hike?
Granite Point Mortgage Trust (GPMT), down 66.5% since September 15, 2026.
Which REIT gained the most since the rate hike?
Apple Hospitality REIT (APLE), +27.5% since September 15, 2026.
Will REITs keep falling if the Fed raises again?
Markets expect at least one more increase this year, but REIT prices respond to the 10-year Treasury yield more than to the Fed’s short-term rate. If long-term yields stop rising, rate-sensitive REITs have historically recovered. That is history, not a forecast.
Related Pages
Least rate-sensitive REITs · REITs and interest rates · REIT sector performance 2026 · REITs near 52-week lows
REIT Rankings publishes data and grades, not investment advice. Nothing on this page is a recommendation to buy, sell or hold any security. Do your own research or consult a licensed advisor.