NAREIT president Steven Wechsler NAREIT’s Wechsler sees “a growing level of dividends” resulting from the “sound operating environment” for listed REITs.

WASHINGTON, DC—REITS took a half-step backward in the third quarter, with funds from operations declining 4.5% from Q2’s record levels to $14.8 billion, Nareit said Tuesday. On a year-over-year basis, though, the total FFO for listed REITs was up 7.8%, and other Q3 metrics represented gains.