REIT Industry August 2020 Rent Collections
The August survey focuses on three property subsectors: apartments, free standing retail, and shopping center retail. The results show gains made last month for retail have held steady for free standing and improved further for shopping centers.
August 24, 2020 | Nareit Research
August 24, 2020 – Nareit conducts a monthly survey of REIT rent collections in the wake of the COVID-19 pandemic and related economic dislocation. Given that rent collections in the industrial, office, and healthcare sectors have stabilized at high levels, the August survey focuses on three property subsectors: apartments, free standing retail, and shopping center retail. The results show gains made last month for retail have held steady for free standing and improved further for shopping centers. Apartments show no change despite the expiry of federally subsidized unemployment. Rent collections for apartments have remained high and steady over the whole five-month period.
Nareit’s survey includes listed equity REITs that combined own and operate between 10% and 20% of commercial real estate in the U.S.
