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U.S. equity REITs report total Q3 FFO of $15.8b
Real Estate - NOVEMBER 13, 2019

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U.S. equity REITs report total Q3 FFO of $15.8b

by Released

Earnings for all U.S. Equity REITS declined 3.5 percent to $15.8 billion in the third quarter of 2019, according to the Nareit Total REIT Industry Tracker Series (T-Tracker) report. Industry results were reduced by a significant charge to earnings by one REIT to settle litigation that originated prior to the current year. Total funds from operations (FFO) excluding this charge would have been $16.6 billion, a 1.2 percent increase over the second quarter and 1.8 percent higher than the third quarter one year ago.

“The REIT industry’s consistent high earnings and near-record occupancy rates this year indicate that the REIT expansion is continuing,” said Steven Wechsler, Nareit president and CEO.

Most REIT sectors posted increases in earnings. Industrial, residential and self-storage REITs continue to show strong increases in earnings, reporting a 5.3 percent, 5.2 percent and 5.9 percent change, respectively, over the second quarter. Infrastructure and data cente

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