Global Real Estate Valuation Sheet: Key valuation metrics: over 200 real estate companies

In our Global Real Estate Valuation report, we show key pricing metrics by company and region. It draws from our team's models – on a largely consistent basis – for over 200 real estate companies/REITs under our coverage. We also compare UBS estimates to consensus. Page 5 shows a quick and easy-to-use regional comparison of key pricing metrics such as discount to NAV, P/B, PE, EV/EBITDA, dividend yield and gearing metrics. Page 14 shows a snapshot of recent performance: best- and worst-performing stocks, together with the latest performance data by region, in local currency and USD. For each company/REIT under our coverage, we illustrate key pricing metrics, earnings and dividend growth, the pay-out ratio, EV/EBITDA, proportion of total income from rent, key leverage and balance sheet metrics, together with recent liquidity and performance data. As of 25 September close, our universe under coverage is trading at a 10.0% discount to our NAV estimate, a 2026E P/E of 18.0x, a 2026E DPS yi