Several ASX real estate investment trusts (REITs) have hit 52-week lows as the property sector underperforms the market on Friday.
The S&P/ASX 200 Index (ASX: XJO) is rallying 0.5% after experiencing its worst one-day fall in six months yesterday.
However, the real estate sector is in the red and the worst performer of the bourse today, down 1.6%.
ASX REIT share prices are being weighed down by expectations of further interest rate rises in Australia, the US, and elsewhere.
Higher rates can affect REITs' financing, drag property values down, and make cash and fixed income investments more appealing.
Strong bond yields are also a headwind because they can raise financing costs and attract investment away from REITs.
With all that said, some brokers maintain buy recommendations on ASX REITs, while others recommend caution.
Let's investigate.
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1. Arena REIT No 1 (ASX: ARF)
The Arena REIT No 1 share price is $2.02, down 0.5% today and down 43% in 2026.
Over the past month, this REIT has fallen 10%.
Ord Minnett upgraded Arena REIT No 1 shares to a buy rating on 9 September.
The broker trimmed its 12-month price target from $2.85 to $2.75.
This implies 36% potential growth ahead.
2. Charter Hall Long WALE REIT (ASX: CLW)
The Charter Hall Long WALE REIT share price is $3.20, down 1.1% today and down 22% in 2026.
Over the past month, this ASX REIT has declined 9%.
Morgan Stanley reiterated its hold call with a price target of $4.06 on 22 September.
This implies 27% potential upside ahead.
3. BWP Group (ASX: BWP)
The BWP Trust share price is $3.51, down 0.7% today and down 11% in 2026.
Over the past month, this ASX REIT has dipped 5%.
UBS reaffirmed its hold rating with a 12-month price target of $3.80 on 9 September.
This implies an 8% potential upside ahead.
4. Charter Hall Retail REIT (ASX: CQR)
The Charter Hall Retail REIT share price is $3.44, down 1.3% today and down 16% in 2026.
Over the past month, this REIT has fallen 13%.
Macquarie upgraded Charter Hall Retail REIT shares to a buy call on 30 September.
The broker has a 12-month price target of $4.18.
This implies 22% potential upside ahead.
5. Centuria Industrial REIT (ASX: CIP)
The Centuria Industrial REIT share price is $2.74, down 1.3% today and down 17% in 2026.
Over the past month, this ASX REIT has fallen 8%.
Macquarie upgraded Centuria Industrial REIT shares to a buy rating on 30 September.
The broker's target is $3.02, implying a potential 10% upside ahead.
6. Charter Hall Social Infrastructure REIT (ASX: CQE)
Charter Hall Social Infrastructure REIT shares are $2.20, down 0.5% today and down 28% in 2026.
Over the past month, this ASX REIT has lost 7%.
Ord Minnett reiterated its buy call on Charter Hall Social Infrastructure REIT shares on 9 September.
The broker lowered its 12-month price target slightly from $3.05 to $3.
This implies 36% potential upside ahead.
