Growth on US REIT’s same-store net operating income slows in Q2
August 30, 2023 | S&P Global Market Intelligence
US equity real estate investment trusts saw weaker gains on same-store net operating income during the second quarter.
S&P Global Market Intelligence prefers to take cash-based same-store net operating income, if available. However, a noncash-based net operating income will be used if not.
Same-store net operating income (NOI) across the entire REIT industry had a median growth of 4.3% year over year during the second quarter, slowing down from a 5.1% median growth in the prior quarter and a 6.1% year-over-year median increase for the entirety of 2022.
