Real Estate
Today’s price sits at the 34.9th percentile of modeled fair value — 60% of modeled scenarios put fair value above the market.
Axis widened to 60–150 to show the full modeled range; the published renderer axis of 60–140 would clip this distribution’s tails.
- Median fair value
- 106.9
- Upside to median
- +6.9%
- Last close
- $95.93
- Confidence
- moderate-high
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
- +29.8%
- P75
- +19.4%
- Median
- +8.0%
- P25
- -3.5%
- P10
- -13.8%
68% of modeled scenarios end positive.
Distribution yield plus AFFO growth plus a 20% partial convergence toward modeled fair value.
Three years, annualised
modeled- P90
- +21.4%
- P75
- +14.8%
- Median
- +7.3%
- P25
- -0.1%
- P10
- -6.8%
Same decomposition as the one-year model with valuation convergence spread over three years and dispersion scaled by the square root of the horizon.
Against the Treasury hurdle
- 1y Treasury
- 4.13%
- Expected excess
- +3.9%
- Basis
- direct
Modeled one-year expected-return median less the one-year Treasury par yield on an investment basis. This is a modeled spread, not a guaranteed excess return, and no calibrated probability of beating the hurdle is published for this asset class.
6 in this asset class
| Symbol | Valuation | Fair value | Last close | 1y modeled |
|---|---|---|---|---|
| REET Global Real Estate | —Unavailable | — | $27.36 | — |
| REM Mortgage Real Estate | —Unavailable | — | $21.60 | — |
| REZ Residential and Specialized REITs | —Unavailable | — | $93.24 | — |
| SRVR Data Center and Digital REITs | —Unavailable | — | $30.93 | — |
| VNQ US Real Estate | +0.9Somewhat cheap | 106.9 | $95.93 | +8.0% |
| XLRE US Real Estate Sector | —Unavailable | — | $43.90 | — |