Shrewsbury, New Jersey, July 29, 2025 – Robert A. Stanger & Company, Inc., a nationally recognized leader in non-listed alternative investment products, has published its Q2 2025 Non-Listed REIT edition of The Stanger Report, complete with individual performance data, in-depth company profiles, and comprehensive insights on non-traded NAV and Lifecycle REITs.
“The Stanger NAV REIT Total Return Index delivered a 1.0% return in Q2 2025 and 2.0% in the last twelve months,” said Kevin T. Gannon, Chairman and CEO of Robert A. Stanger & Company, Inc. “Interestingly, retail-focused NAV REITs have significantly outperformed the Stanger NAV REIT Index over the past year. Cohen & Steers Income Opportunities REIT, Inc., consisting entirely of retail investments, emerged as the top one-year performer among all NAV REITs, delivering a total return of 12.7% through Q2 2025. PGIM Private Real Estate Fund Inc., with a 29% allocation to necessity-based retail prior to its June acquisitions, achieved the second-best one-year performance with an 11.0% return.”
EQT Exeter Real Estate Income Trust, focused solely on industrial assets, led the Q2 total return rankings with 3-month returns of 3.5%. Cohen & Steers Income Opportunities REIT, Inc. returned 12.7% over the past year, leading all NAV REITs. FS Credit REIT maintained its position at the top of the 3-year total return rankings for the fourth consecutive quarter, delivering returns of 7.1%, while Blackstone REIT led the 5-year rankings with returns of 10.4% for the second consecutive quarter.
Among Lifecycle REITs, Strategic Storage Trust VI led the 1-year and 3-year total return rankings with returns of 27.1% and 13.0%, respectively. Lightstone Value Plus REIT V topped the 5-year total return rankings with a return of 12.6%.
For a copy of The Stanger Report or for further information on all available Stanger Publications, please contact:
Gregory R. DiSalvo
732.389.3600
gdisalvo@rastanger.com
The Stanger NAV REIT and Stanger Lifecycle REIT Total Return Indices measure the performance of non-listed REITs on a quarterly basis. Stanger began calculating the indices on December 31, 2015, with a base level of 100. All public share classes of NAV REITs with a minimum of one calendar quarter of performance are included in the NAV REIT Index. Lifecycle REITs are generally added to the Lifecycle REIT Index in the quarter that their first NAV is announced. Lifecycle REITs are removed from the index upon listing, merger, or in the case of a liquidation by sale of properties, upon conversion to a liquidation basis of accounting. Lifecycle REITs may also be removed for other special circumstances. The indices currently include 20 NAV REITs (82 separate share classes) and 14 Lifecycle REITs (26 separate share classes). (Number of companies may differ from earlier totals cited due to minimum size thresholds required to be included in the index and/or rankings, as well as other factors).
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About Robert A. Stanger & Co., Inc.
Robert A. Stanger & Co., Inc., founded in 1978, is a nationally recognized investment banking firm specializing in providing investment banking, financial advisory, fairness opinion and asset and securities valuation services to partnerships, real estate investment trusts and real estate advisory and management companies in support of strategic planning, capital formation and financings, mergers, acquisitions, reorganizations, and consolidations.
Stanger is also well known for its flagship publication, The Stanger Report, a nationally recognized comprehensive report focused on non-traded REIT and BDC investing, including aggregate market statistics, total returns by company and total return indices, fee structure comparisons, and profiles of current offerings; The Stanger Market Pulse, focused on public non-traded REIT, non-traded BDC and other alternative investment fundraising; The Stanger Chairman’s Report, focused on NAV REIT and non-traded BDC sales and redemptions; The Stanger Closed-End Fund Report, focused on non-traded interval fund and tender offer fund investing, and The Alt Street Journal, a weekly newsletter providing an update on industry activities.
Stanger also recently launched Stanger Privates, a quarterly publication focused on Private Placement REITs and BDCs and available exclusively to Stanger Institutional Access subscribers.
For More Information:
Kevin T. Gannon | Chairman & CEO | (732) 389-3600
Robert A. Stanger & Co., Inc.
1129 Broad Street, Suite 201
Shrewsbury, NJ 07702
www.rastanger.com
Member: SIPC
