Short answer: As of the November 6, 2026 close, the worst-performing listed REITs this year are Granite Point Mortgage Trust (GPMT, -86.1%), Arbor Realty Trust (ABR, -79.2%) and Medical Properties Trust (MPT, -63.8%).
Data as of the November 6, 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 November 6, 2026. Across all 151 listed REITs, the median price change this year is -0.3%, and 75 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 | -86.1% | -62.7% | 11.98% | D 36 |
| 2 | Arbor Realty Trust | ABR | Mortgage | -79.2% | -64.4% | 42.24% | D 42 |
| 3 | Medical Properties Trust | MPT | Healthcare | -63.8% | -48.9% | 19.89% | D 47 |
| 4 | Ready Capital | RC | Mortgage | -60.9% | -46.8% | 4.71% | D 35 |
| 5 | AG Mortgage Investment Trust | MITT | Mortgage | -47.8% | -30.6% | 21.57% | D 54 |
| 6 | NexPoint Residential Trust | NXRT | Residential | -46.0% | -26.2% | 13.04% | C 60 |
| 7 | Ashford Hospitality Trust | AHT | Hotels | -44.4% | -20.7% | n/a | D 29 |
| 8 | Redwood Trust | RWT | Mortgage | -43.6% | -20.2% | 23.08% | C 58 |
| 9 | Service Properties Trust | SVC | Hotels | -43.5% | -21.8% | 3.85% | D 37 |
| 10 | Blackstone Mortgage Trust | BXMT | Mortgage | -41.7% | -16.1% | 16.85% | D 54 |
| 11 | Chimera Investment | CIM | Mortgage | -41.2% | -32.7% | 24.62% | C 55 |
| 12 | BrightSpire Capital | BRSP | Mortgage | -40.4% | -24.6% | 19.16% | D 51 |
| 13 | Franklin BSP Realty Trust | FBRT | Mortgage | -38.2% | -20.6% | 12.90% | D 48 |
| 14 | PennyMac Mortgage Investment Trust | PMT | Mortgage | -37.5% | -12.6% | 20.38% | C 55 |
| 15 | Invesco Mortgage Capital | IVR | Mortgage | -35.7% | -17.1% | 26.62% | D 44 |
| 16 | MFA Financial | MFA | Mortgage | -33.3% | -26.3% | 23.19% | C 57 |
| 17 | Starwood Property Trust | STWD | Mortgage | -33.1% | -20.7% | 15.93% | C 67 |
| 18 | Orchid Island Capital | ORC | Mortgage | -31.4% | -18.9% | 24.29% | D 35 |
| 19 | KKR Real Estate Finance Trust | KREF | Mortgage | -31.1% | -19.6% | 7.07% | D 42 |
| 20 | Angel Oak Mortgage REIT | AOMR | Mortgage | -30.9% | -25.7% | 21.51% | D 52 |
| 21 | ARMOUR Residential REIT | ARR | Mortgage | -28.8% | -16.3% | 22.86% | D 45 |
| 22 | Chicago Atlantic Real Estate Finance | REFI | Mortgage | -28.2% | -19.5% | 21.36% | C 63 |
| 23 | JBG SMITH Properties | JBGS | Office | -26.9% | +11.8% | 5.63% | D 53 |
| 24 | Uniti Group | UNIT | Specialty | -25.5% | -46.6% | n/a | n/a |
| 25 | Seven Hills Realty Trust | SEVN | Mortgage | -25.5% | -10.5% | 16.89% | C 56 |
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), -86.1% year to date as of November 6, 2026.
How have REITs performed in 2026?
The median listed REIT’s share price has changed -0.3% this year, and 75 of 151 are up. The 10-year Treasury yield, which moves REIT prices more than anything else, closed at 4.86% on November 6, 2026.
Which sectors show up most on this list?
Among the 25 worst performers: Mortgage (19), Hotels (2), Healthcare (1).
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.