REITs

2021 REIT Returns

An update on the performance of 10 REIT categories through April 30, from S&P Global Market Intelligence.

Industrial REITs Maintain FFO Lead in April

The sector continues to lead publicly traded equity REIT categories in terms of the last 12 months’ FFO multiple.

2021 REIT Trading Trends

As of March 31, publicly listed U.S. equity REITs traded at a median discount to consensus net asset value per share estimate of 0.8 percent.

2021 REIT Values

As of February, the industrial sector led all publicly traded equity REIT sectors in terms of the last 12 months’ FFO multiple.

2020 REIT Results

Among the sectors, Diversified REITs had the highest average AFFO payout ratio estimate for the quarter.

2021 REIT Offerings by Sector

Senior debt offerings accounted for most of the capital raised by U.S. equity REITS at the start of the year.

REIT Dividend Yield by Sector

Manufactured homes recorded the lowest average dividend yield at 2.23 percent, according to S&P Global.

2020 REIT Returns

As of Dec. 1, 2020, publicly traded U.S. equity REITs posted a -5.7 percent one-year total return.

2020 REIT Trading Trends

As of Oct. 30, 2020, publicly listed U.S. equity REITs traded at a 19.3 percent median discount to estimated net asset value.

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