Invesco KBW Premium Yield Equity REIT ETF (KBWY) is a real estate and infrastructure ETF. As of October 9, 2026, ETF Copilot scores KBWY 2.5 out of 10 — highest on Value (7.9), lowest on Growth (0.1). It trades at 19.4 times earnings, against its own median of 20.9. Its ten largest holdings are 45% of the fund.
What stands out in KBWY's data
U.S. REITs chosen for high dividend yield, weighted toward smaller names.
Trades at a lower earnings multiple than most real estate peers — more property earnings per dollar you put in.
Trailing EBITDA multiple of 11.7x is among the cheapest in the real estate category, well below the 18.6x median. EBITDA margin of 58.7% points to strong underlying profitability.
A value-oriented sleeve for a real estate allocation, priced to offer more earnings per dollar.
Why did KBWY move this week? It fell 1.0% in the week to October 9, 2026 — Millrose Properties and Global NET Lease drove it
KBWY fell 1.0% in the week to October 9, 2026. The holdings that moved it most were Millrose Properties (−9.1%), Global NET Lease (−6.1%) and Alexandria Real Estate Equitie (−3.9%); Innovative Industrial Proper (+2.6%) pushed the other way.
How is KBWY rated? ETF Copilot scores Invesco KBW Premium Yield Equity REIT ETF (KBWY) 2.5 out of 10
As of October 9, 2026, ETF Copilot scores Invesco KBW Premium Yield Equity REIT ETF (KBWY) 2.5 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 2.5 / 10
- Growth: 0.1 / 10
- Value: 7.9 / 10
- Risk: 2.6 / 10
- Quality: 2.6 / 10
- Return: 1.1 / 10
Is KBWY expensive right now? It trades at 19.4 times earnings, against its own median of 20.9
As of October 9, 2026, KBWY is cheaper than 64% of its own last 8 years.
Trailing 12 months, built from KBWY's holdings. How we calculate this →
What's inside KBWY?
What's inside KBWY: Size (Large 0%, Mid 10%, Small 90%); Geography (International 0%, US 100%).
What are KBWY's top holdings? The ten largest are 45% of the fund
Innovative Industrial Properties, Gladstone Commercial, Community Healthcare Trust, Millrose Properties, Nexpoint Residential Trust, Armada Hoffler Properties, Easterly Govt Pptys, Gaming and Leisure Properties, CTO Rlty Growth and Global NET Lease are KBWY's largest holdings, in that order.
More concentrated than 57% of Real Estate & Infra ETFs.
Half of KBWY's weight sits in its 12 largest positions, and once those weights are taken into account it behaves like 26 equally weighted holdings.
What is KBWY's expense ratio? 0.35% a year
As of October 9, 2026, KBWY charges 0.35% a year, yields 9.11% and holds $290M in assets across 28 positions.
| Measure | KBWY |
|---|---|
| Expense ratio | 0.35% |
| Dividend yield | 9.11% |
| Assets under management | $290M |
| Holdings | 28 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Invesco KBW Premium Yield Equity REIT ETF (KBWY) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/kbwy
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