GKB stays neutral on Swiss listed real estate as rates and valuations cap near — term upside

GKB kept a positive outlook for Swiss real estate investments in Q3 2026, citing housing shortages, stable rents, limited new supply. Near-term upside for listed vehicles seen capped by interest-rate conditions, high valuations, heavy issuance following prior-year gains. Bank held a neutral stance on listed Swiss real estate funds, real estate equities due to valuation dispersion, limited short-term return potential. Non-listed Swiss real estate vehicles flagged for further Q4 2026 capital raises, mainly accessible to pension funds rather than retail investors. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GKB — Graubündner Kantonalbank published the original content used to generate this news brief on October 14, 2026, and is solely responsible for the information contained therein. (C)