REITs
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.
REIT Results
Although the hotel sector had the lowest AFFO payout ratio, its average dividend yield of 5.0 percent was higher than several other sectors, including self-storage, shopping centers, multifamily and office.
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