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Earnings of U.S. equity REITs rose to $15.9b in the first quarter
Real Estate - MAY 22, 2019

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Earnings of U.S. equity REITs rose to $15.9b in the first quarter

by Andrea Zander

Funds from operations (FFO) for U.S. equity REITs rose to $15.9 billion in the first quarter of 2019, according to the Nareit Total REIT Industry Tracker Series (T-Tracker®) report.

Earnings growth decelerated to 1.8 percent from the 5 percent growth recorded in the fourth quarter 2018. Other measures of operating performance remained solid, however, including occupancy rates that remained near record highs and a pickup in growth of same-store net operating income.

“High occupancy rates and rising same store net operating income (SS NOI) position REITs to continue to deliver strong returns for investors, providing income and growth for millions of Americans’ portfolios,” said Steven Wechsler Nareit president and CEO.

Occupancy rates for REIT-owned properties edged down 18 basis points to 93.8 percent, remaining near the record high of 94.1 percent set in the third quarter of 2018. Occupancy for apartment REITs was unchanged from the pr

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