Data as of the October 19, 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 25 worst-performing listed REITs of 2026 by share price change from the December 31, 2025 close through October 19, 2026. Across all 152 listed REITs, the median price change this year is -2.0%, and 71 are up.
Price change excludes dividends, so a high-yield REIT’s total return is better than its price change suggests. The column for the period since September 15, 2026 isolates the move after the Federal Reserve’s rate increase.
| # | REIT | Ticker | Sector | Year to date | Since Sept. 15 | Yield | Grade |
|---|---|---|---|---|---|---|---|
| 1 | Granite Point Mortgage Trust | GPMT | Mortgage | -79.8% | -45.9% | n/a | D 36 |
| 2 | Arbor Realty Trust | ABR | Mortgage | -65.6% | -40.9% | 25.47% | D 42 |
| 3 | Ashford Hospitality Trust | AHT | Hotels | -56.8% | -38.5% | n/a | D 30 |
| 4 | Redwood Trust | RWT | Mortgage | -47.2% | -25.3% | 24.66% | C 58 |
| 5 | Ready Capital | RC | Mortgage | -46.8% | -27.5% | 3.45% | D 33 |
| 6 | Blackstone Mortgage Trust | BXMT | Mortgage | -46.4% | -22.9% | 18.34% | D 54 |
| 7 | PennyMac Mortgage Investment Trust | PMT | Mortgage | -46.2% | -24.8% | 23.70% | C 56 |
| 8 | Medical Properties Trust | MPT | Healthcare | -43.0% | -19.5% | 12.63% | D 47 |
| 9 | Franklin BSP Realty Trust | FBRT | Mortgage | -40.7% | -23.8% | 13.45% | D 48 |
| 10 | NexPoint Residential Trust | NXRT | Residential | -40.4% | -18.6% | 11.82% | C 60 |
| 11 | AG Mortgage Investment Trust | MITT | Mortgage | -38.6% | -18.4% | 18.36% | D 54 |
| 12 | Invesco Mortgage Capital | IVR | Mortgage | -37.7% | -19.8% | 27.48% | D 44 |
| 13 | JBG SMITH Properties | JBGS | Office | -36.5% | -3.0% | 6.48% | D 53 |
| 14 | BrightSpire Capital | BRSP | Mortgage | -35.9% | -19.0% | 17.83% | D 51 |
| 15 | Service Properties Trust | SVC | Hotels | -35.6% | -11.0% | 3.38% | D 37 |
| 16 | Chimera Investment | CIM | Mortgage | -34.7% | -25.2% | 22.17% | C 55 |
| 17 | Orchid Island Capital | ORC | Mortgage | -33.8% | -21.7% | 25.16% | D 36 |
| 18 | Starwood Property Trust | STWD | Mortgage | -33.5% | -21.2% | 16.03% | C 67 |
| 19 | TPG RE Finance Trust | TRTX | Mortgage | -32.5% | -20.7% | 16.52% | D 50 |
| 20 | Seven Hills Realty Trust | SEVN | Mortgage | -31.8% | -18.1% | 18.45% | C 56 |
| 21 | MFA Financial | MFA | Mortgage | -31.1% | -24.0% | 22.46% | C 57 |
| 22 | KKR Real Estate Finance Trust | KREF | Mortgage | -30.8% | -19.2% | 7.03% | D 42 |
| 23 | ARMOUR Residential REIT | ARR | Mortgage | -30.6% | -18.4% | 23.45% | D 45 |
| 24 | Ares Commercial Real Estate | ACRE | Mortgage | -30.5% | -23.3% | 18.07% | D 43 |
| 25 | Empire State Realty Trust | ESRT | Office | -29.3% | +9.0% | 3.04% | C 65 |
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 last close of 2025 to the latest close, computed separately from Nasdaq and Cboe records and listed only when the two agree within 0.6 percentage points.
Frequently Asked Questions
What is the worst-performing REIT of 2026?
Granite Point Mortgage Trust (GPMT), -79.8% year to date as of October 19, 2026.
How have REITs performed in 2026?
The median listed REIT’s share price has changed -2.0% this year, and 71 of 152 are up. The 10-year Treasury yield, which moves REIT prices more than anything else, closed at 5.15% on October 19, 2026.
Which sectors show up most on this list?
Among the 25 worst performers: Mortgage (19), Hotels (2), Office (2).
Does past performance predict next year?
No. REIT returns swing with interest rates and sentiment, and last year’s laggards often lead the next. Use performance as context alongside the grade and the dividend record.
Do these figures include dividends?
No, they are price changes only. Add the dividend yield for a rough sense of total return over a full year.
Related Pages
Best-performing REITs of 2026 · REIT sector performance 2026 · REITs since the Fed rate hike · 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.