Key Performance Indicators Every Building Owner and REIT Should Track in 2026

Written By Daniel Gelinas

The Performance Equation Is Expanding

For decades, asset performance centered on NOI and cap rate.

Today, real estate operators must integrate:

  • Financial durability

  • ESG performance

  • Risk mitigation

  • Tenant retention

The next generation of asset management demands a broader lens.

1. Incremental NOI and Asset Durability

Value remains tied to:

Value = NOI ÷ Cap Rate

But resilient NOI — not short-term enhancements — is what strengthens long-term positioning.

2. Cap Rate Sensitivity and Institutional Perception

Cap rate compression often follows:

  • Reduced operational risk

  • Improved ESG positioning

  • Stronger tenant stability

Small basis point changes create large valuation effects.

3. Scope 3 and Mobility

Tenant behavior increasingly impacts ESG reporting.

Forward-thinking owners are incorporating mobility infrastructure into their broader sustainability strategies.

4. Risk Exposure in Multi-Residential Assets

Battery charging practices, informal storage, and safety risks are becoming underwriting considerations.

Risk mitigation now directly influences asset perception and insurance posture.

5. Tenant Retention as Capital Preservation

Reducing turnover preserves NOI and stabilizes value.

Convenience-driven amenities increasingly influence leasing decisions.

Conclusion

The next decade of real estate performance will reward owners who integrate:

  • Financial optimization

  • ESG integration

  • Risk reduction

  • Tenant experience

Performance is no longer one-dimensional.

Strategic infrastructure and operational foresight are becoming competitive advantages.

Daniel Gelinas
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