U.S. publicly traded REITs have increased their participation in GRESB, growing from 45 REITs participating in 2020 to 72 in 2023, according to Nareit in a blog post.
Participating REITs continue to see improvements in their GRESB ratings and score favorably compared to private real estate participants in GRESB.
Of the 72 REITs that participated in GRESB in 2023, 26 achieved at least a four-star rating, up from 20 in 2020. From 2022 to 2023, 65 percent of REITs participating in both years improved their scores by an average of 4.8 points.
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