In New York, KBRA has published a study on the increasing significance of development initiatives within the U.S. net lease real estate investment trusts (REIT) industry. The sector is experiencing notable expansion as of mid-2026, with net lease REITs benefitting from favorable trading premiums to net asset value (NAV) that enable advantageous external growth. In addition to conventional acquisitions, leading net lease REITs have established development pipelines valued at around $2.9 billion, marking a significant increase from $845 million previously.