Re-openings in many parts of the country beginning in May continue to have a positive economic impact on REIT rent collection, NAREIT found in its fourth monthly survey of REIT rent collections.
The July survey results show continued improvement in almost all sectors, with industrial remaining the strongest performer.
Numerous sectors show continued signs of recovery.
The retail sector continued to make improvements in July, with both free-standing and shopping centers making substantial gains in rent collected. Free-standing retail REITs rents collected are up over 12 percentage points to 91 percent this month. This represents a 21-percentage point improvement from May. Shopping center REITs retail rents collected are up nine percentage points to 69 percent. This represents a 20-percentage point improvement from May.
The industrial sector remained the strongest performer with collections ov