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REIT FFO Ebbs from Q2’s Record High

REITs delivered “stable operating results,” in the third quarter, says Nareit’s Steven A. Wechsler, including year-over-year growth in same-store NOI.

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.

Nareit’s quarterly Total REIT Industry Tracker Series showed that occupancy rates for all equity REITs rose 50 basis points in Q3, achieving a record high of 94.0% across the industry. For retail REITs in particular, the 50-bp increase brought 95.7%.

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Paul Bubny

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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