Real Estate
Data cutoff intraday
Modeled fair value
VNQ · US Real Estate
P10–P90P25–P75Median fair valueToday's market price = 100
Today’s price sits at the 46.9th percentile of modeled fair value — 53% of modeled scenarios put fair value above the market.
- Median fair value
- 101.0
- Upside to median
- +1.0%
- Last close
- $98.58
- Confidence
- moderate-high
index, market = 100
2026-08-13
73/100
Modeled returns
Return distributions, not point forecasts
Percentiles describe the spread of scenario outcomes under the stated method. The width of the range carries as much information as the midpoint.
One year
modeled- P90
- +34.0%
- P75
- +21.0%
- Median
- +8.0%
- P25
- -6.0%
- P10
- -18.0%
64% of modeled scenarios end positive.
Scenario return distribution anchored to current economic value, income/carry where applicable, and partial valuation convergence; not a long-run-average forecast.
Three years, annualised
modeled- P90
- +20.0%
- P75
- +14.0%
- Median
- +7.0%
- P25
- 0.0%
- P10
- -7.0%
Annualized multi-year scenario distribution using current fair value, economic carry/growth, and gradual rather than forced normalization.
Against the Treasury hurdle
- 1y Treasury
- 4.00%
- Expected excess
- +4.0%
- Basis
- direct
DGS1 is the preferred current annual investment-basis hurdle; modeled expected excess is not guaranteed return.
Instruments
6 in this asset class
| Symbol | Valuation | Fair value | Last close | 1y modeled |
|---|---|---|---|---|
| VNQ US Real Estate | +0.2Fair | 101.0 | $98.58 | +8.0% |
| XLRE US Real Estate Sector | —Unavailable | — | $45.12 | — |
| REET Global Real Estate | —Unavailable | — | $28.09 | — |
| REM Mortgage Real Estate | —Unavailable | — | $22.13 | — |
| SRVR Data Center and Digital REITs | —Unavailable | — | $32.39 | — |
| REZ Residential and Specialized REITs | —Unavailable | — | $95.16 | — |