REIT risk models.
Securitized real estate, treated as the property it is. Two REIT risk models on one factor methodology: US, and the global FTSE EPRA/NAREIT universe.
US REIT
A real estate investment trust model, treating REITs as the securitized real estate they are.
Measures the risk of REIT portfolios by treating the firms as securitized real estate, not as generic equities. It reads the factors that actually move property: the geographic distribution of what a firm owns, and its composition by property type.
A generic equity model reads a REIT as a financial stock and stops there. Northfield decomposes it into the real estate underneath — so two trusts with similar market betas but different property mixes carry visibly different risk. For property held directly rather than through a listed trust, the same philosophy runs deeper in Private Asset Risk, which builds real-estate risk bottom-up from leases, tenants, and financing.
Global FTSE EPRA/NAREIT REIT
A multi-factor risk model built specifically for the global real estate investment trust market.
Developed specifically for the global real estate investment trust market, spanning the full FTSE EPRA/NAREIT index across Asia, Europe, and North America, on the same securitized-real-estate approach as the US model.
Property, priced as property.
Securitized real estate read as the buildings underneath — US and global, on one method.
A REIT's risk is driven by property type and geography, not just its market beta.
Two trusts with similar betas but different property mixes carry visibly different risk.
The FTSE EPRA/NAREIT universe across Asia, Europe, and North America, comparable with the US model.
For property held directly, the same philosophy runs deeper in Private Asset Risk, built bottom-up from leases and financing.
REITs also resolve inside Everything, Everywhere, the multi-asset model that spans the whole book. See the full risk-model directory.