REIT earnings recovery accelerated in the second quarter of 2021: Nariet
August 13, 2021 | Kathleen Steele Gaivin | McKnight’s Senior Living
The commercial real estate industry is heading toward pandemic recovery, according to data provided by the National Association of Real Estate Investment Trusts (Nareit).
Second quarter REIT earnings recovery was broad-based, with approximately two-thirds of all REITs reporting higher funds from operations (FFO) than one year ago. FFO rose 19.8% over the prior quarter, to $16.5 billion, which is slightly above peak level prior to the pandemic, according to Nareit.