REIT Earnings Declined 9% in First Quarter on COVID-19 Issues

May 21, 2020 | Calvin Schnure | Nareit

REIT earnings were impacted by the COVID-19 crisis in the first quarter, with funds from operation (FFO) declining 9.0% from the prior quarter, to $15.0 billion, according to the Nareit T-Tracker®. The effects of the pandemic varied widely across the property sectors. FFO for the lodging/resorts sector declined 67.2% and accounted for half of the total decline in REIT earnings. FFO of regional malls experienced an 11.6% decline. Industrial REITs, on the other hand, saw earnings rise 21.7% from the prior quarter, and single family home REITs posted a 7.0% increase.

Recent

Eagle Point Institutional Income Fund Generates 9.9% Annual Net Return and Exceeds $150 Million in Assets

November 21, 2024

During the month of October 2024, the Fund completed its 28th consecutive monthly distribution payment, which represented a 10.2% annualized distribution rate.

Madison Capital Group Launches $250M Self-Storage Opportunity Fund

November 14, 2024

Madison Capital Group launches the Go Store It Opportunity Fund, LP, a $250 million investment initiative targeting self-storage facilities in high-growth Sun Belt markets to meet rising demand.

Investors Fully Subscribe ExchangeRight All-Cash DST with Strategic Exit Options

November 12, 2024

ExchangeRight’s fully subscribed All-Cash 5 DST offers investors tax-efficient passive income with stable monthly distributions backed by recession-resilient, net-leased real estate tenants.

Prospect Capital Management L.P. Announces Strategic Partnership with iCapital

November 12, 2024

This partnership allows financial advisors to access Prospect’s institutional quality CEF and BDC opportunities managed by Prospect and its affiliates, and now available on iCapital Marketplace.

Most Popular

Blue Vault Performance Reports Update 10-23-2023

October 23, 2023

Blue Vault has published the following Interval Fund and Tender Offer Fund individual performance reports...

Blue Vault Q2 2023 Performance Reports Update

October 3, 2023

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…

Blue Vault Q2 2023 Performance Reports Update

September 25, 2023

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Don’t miss alts news
and educational events
Subscribe Now