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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.

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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