REITs

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

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

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.

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

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

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

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

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

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