Equity Research Analyst — REITs

Massachusetts Financial Services Company; Boston (MA); Hybrid; USD 158,000 - 193,000; Full time

Benefits offered by this job

Retirement match 15%

Student loan assistance

Tuition reimbursement

Discounted tutoring

Paid parental leave

Health savings account

Commuter benefits

Wellness programs

Job summary

MFS is seeking an experienced Equity Research Analyst focusing on Real Estate Investment Trusts (REITs) to perform deep fundamental research, build valuation models, and issue stock recommendations for our portfolios. The ideal candidate will have strong REIT exposure, a passion for real estate investing, and proven communication skills.

Responsibilities include regular meetings with management teams, analysts, and portfolio managers, plus presenting investment views through written research and

Qualifications

• 5+ years of equity research experience on the buy side or sell side.
• Passion for real estate investing and public equity markets.
• Strong financial modeling and valuation skills.
• Ability to develop differentiated investment insights from rigorous research.

Responsibilities

• Conduct in-depth fundamental research on publicly traded REITs.
• Develop and maintain detailed financial models and investment theses.
• Analyze company financials, property portfolios, and sector trends.
• Meet regularly with management teams and industry participants.
• Generate actionable stock recommendations for portfolios.

Skills

Equity research

Financial modeling

Valuation

Analytical skills

Communication skills

Team collaboration

Education

Undergraduate degree

Advanced degree in finance or economics

Job description

At MFS, you will find a culture that supports you in doing what you do best. Our employees work together to reach better outcomes, favoring the strongest idea over the strongest individual. We put people first and demonstrate care and compassion for our community and each other. Because what we do matters – to us as valued professionals and to the millions of people and institutions who rely on us to help them build more secure and prosperous futures.

THE ROLE

MFS is seeking an experienced Equity Research Analyst to join our investment team with a focus on Real Estate Investment Trusts. This role is responsible for conducting deep fundamental research, developing differentiated investment insights, and making stock recommendations for MFS portfolios. The ideal candidate will bring strong experience on the buy side or sell side, a passion for real estate investing, with a strong understanding of real estate fundamentals and public equity valuation.

What You Will Do

• Conduct in-depth fundamental research on publicly traded REITs.
• Develop and maintain detailed financial models, valuation frameworks, and investment theses.
• Analyze company financials, property portfolios, capital structures, management teams, competitive positioning, and sector trends.
• Meet regularly with company management teams, industry experts, analysts, and other market participants.
• Generate actionable stock recommendations for MFS portfolios, including clear buy, hold, and sell recommendations.
• Communicate investment views effectively to portfolio managers and broader investment teams through written research, presentations, and discussions.
• Monitor existing holdings and relevant industry developments, including earnings, transactions, macroeconomic trends, interest rates, and real estate market fundamentals.
• Collaborate with other analysts and portfolio managers to assess cross-sector implications and broader market opportunities.

What Are We Looking For

• 5+ years of equity research experience on the buy side or sell side, preferably with coverage of REITs, real estate, financials, or related sectors.
• Demonstrated passion for real estate investing and public equity markets.
• Strong financial modeling, valuation, accounting, and analytical skills.
• Ability to develop differentiated investment insights supported by rigorous research and data analysis.
• Excellent written and verbal communication skills, with the ability to clearly explain complex investment ideas.
• Strong judgment, intellectual curiosity, and a disciplined approach to evaluating risk and reward.
• Ability to work collaboratively with portfolio managers and investment colleagues in a team-oriented environment.
• Undergraduate degree required; advanced degree in finance, business, real estate, economics, or a related field is a plus.

Base Salary: $175,000

This position is eligible for competitive commission pay.

Education

At MFS, we believe in fair and transparent compensation. For that reason, we’re including the salary range for this position. This range reflects our good-faith expectation for what we’ll pay depending on the candidate’s experience, training and education. In addition to the salary, we also offer significant and competitive incentive compensation based on both individual and company performance. Other components of our Total Rewards Package include:

• MFS contributes an amount equal to 15% of your base salary to your retirement account that is separate from the company -sponsored 401(k)
• Education Assistance: MFS contributes $100 monthly up to $10,000 lifetime maximum directly to loan provider
• Education Assistance: Tuition reimbursement up to $8,000 annually
• Education Assistance: Access to discounted tutors and college coaches
• Generous time off and fully paid leaves including 20-weeks for maternity, 12-weeks for parental and caregiver leaves
• Choice of medical and dental plans and an and an employer contribution into the Health Savings Account
• Tax deferred commuter benefits & flexible spending accounts (medical & dependent care)
• Wellness Programs: Robust wellness webinars, employee assistance program with a focus on mental health, subsidized fitness benefit via Wellhub (formerly Gympass), where you can workout at gyms, studios and boutique fitness locations near you, join virtual personal training sessions and access a wide variety of well-being apps

Our compensation philosophy is to pay competitively for talent while ensuring equity across employees performing comparable work. We are committed to transparency – if you have questions about how we arrived at this range or what additional benefits and bonus opportunities come with the role, we’ll be happy to discuss it.

At MFS, we are dedicated to building a diverse, inclusive and authentic workplace. If you are excited about this role but your past experience doesn't align perfectly, we encourage you to apply – you might be just the right candidate for this role or others.

MFS is a hybrid work environment (remote/onsite) unless otherwise stated in the job posting.

If any applicant is unable to complete an application or respond to a job opening because of a disability, please contact MFS at 617-954-5000 or email [e-mail] for assistance.

MFS is an Equal Opportunity Employer and it is our policy to not discriminate against any employee or applicant for employment because of race, color, religion, sex, national origin, age, marital status, sexual orientation, gender identity, genetic information, disability, veteran status, or any other status protected by federal, state or local laws. Employees and applicants of MFS will not be subject to harassment on the basis of their status. Additionally, retaliation, including intimidation, threats, or coercion, because an employee or applicant has objected to discrimination, engaged or may engage in filing a complaint, assisted in a review, investigation, or hearing or have otherwise sought to obtain their legal rights under any Federal, State, or local EEO law is prohibited. Please see the Know Your Rights: Workplace Discrimination is Illegal document, linked for your reference.