Khamile Armhynn Sabas

REIT Results

Condor Hospitality Trust, Inc., a Hotel REIT, recorded a 398 percent SNL AFFO payout ratio estimate, the highest among US REITs.

Industrial, Self-Storage REITs Performing Well

The two sectors were among the leaders of all publicly traded U.S. equity REITs in terms of the last 12 months funds from operations, according to S&P Global Market Intelligence data.

REIT Dividend Yields

The hotel sector posted the highest one-year average dividend yield among the group, at 5.3 percent, outperforming the broader SNL U.S. REIT Equity Index by 1.5 percentage points.

REIT Returns

Among the SNL U.S. REIT sector indexes, the manufactured homes sector recorded the highest one-year total return at 23.5 percent, beating the broader U.S. Equity REIT index by 18.4 percentage points.

Hotels Hit Highest Dividend Yields

The hotel sector posted the highest one-year average dividend yield among all U.S. equity REIT sectors, according to S&P Global Market Intelligence data, outperforming the broader SNL U.S. REIT Equity Index.

REIT Values

Among the REITs focused on manufactured homes, Sun Communities, Inc. had the highest multiple of 24.9x, and finished March 31 with an $80.3 price per share.

Specialty REITs Top Capital Raising

Publicly traded U.S. REITs raised some $23.4 billion through capital offerings in the first three months of 2017, with senior debt offerings making up the majority of the capital raises.