REIT FFO Rises 8.1% Y-O-Y
WASHINGTON, DC—NAREIT’s Calvin Schnure says that the sector’s high occupancy rates and steady NOI growth “provide support for the outlook for REITs.
May 17, 2017 | by PAUL BUBNY | GlobeSt.com
Schnure: “This real estate cycle shows all the signs that it will continue, despite some soft numbers last quarter.”
WASHINGTON, DC—US REITs’ aggregate funds from operations posted a 3.9% decline in the first quarter from 2016’s strong quarterly finish, but posted a more substantial year-over-year gain. The mixed results on FFO were offset by gains in other operating metrics, including NOI and occupancy.
NAREIT’s latest Total REIT Industry Tracker Series report shows Q1 FFO totaling $14.3 billion, up 8.1% Y-O-Y. On a quarter-over-quarter basis, NAREIT cites strong growth in FFO for the manufactured homes segment, which rose by 34.3% from Q4, as well as infrastructure (23.7%), lodging/resorts (10.4%), apartments (6.8%), office (5.1%) and healthcare (4%).
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