The Globe and Mail reports in its Tuesday edition that RBC Capital Markets real estate analyst Pammi Bir has reviewed the past year in the sector, looked ahead to 2026 and provided the REITs that would benefit from his projections. The Globe's Scott Barlow writes that Mr. Bir began noting that in terms of total returns, 2025 is the best year for real estate investment trusts since 2021 at roughly 6 per cent. This will come as little solace, however, when the Toronto Stock Exchange is up 32 per cent year-to-date and the S&P 500 has generated a 13-per-cent return so far in Canadian dollar terms. Investor sentiment is to blame to some extent for the underperformance, according to the analyst. In the first half of the year, stable rates, valuation discounts to historic averages and insulation from U.S. tariffs drew investor assets to the sector. As the year progressed, stable global growth data created a risk-on environment that benefited hot themes like artificial intelligence at the expense of real estate. Next year might be better, according to Mr. Bir. He lists Boardwalk REIT, Colliers International, Chartwell Retirement Residences, First Capital REIT, Granite REIT and Storagevault Canadian as his very best ideas.