Principal’s Rich Hill on REITs’ Transition from Recovery to Expansion

Nareit's REIT Report Podcast · Jul 23, 2026 · 23m

Rich Hill, Global Head of Research and Strategy at Principal Asset Management, told the REIT Report podcast that the REIT market’s transition from recovery into expansion is an important signal that indicates the path forward for the broader commercial real estate market.

REIT gains so far in 2026 indicate that “predictable earnings and income-driven total returns are becoming more attractive again. That's been out of favor for the past several years, but it seems to be a little bit more in vogue right now,” Hill said.

Hill stressed that dispersion in returns is a continuing theme in the CRE…