REIT Earnings Recovery Continued in First Quarter: Nareit T-Tracker
May 24, 2021 | Calvin Schnure | Nareit
The recovery in REIT earnings from declines early in the pandemic continued in the first quarter of 2021, according to data recently released in the Nareit T-Tracker®. Funds from operations (FFO) rose 2.0% over the fourth quarter of 2020, and was 85% of the level in 2019:Q4, just prior to the onset of the COVID-19 pandemic.
Performance was uneven across property sectors, reflecting the different pace of reopening among parts of the U.S. economy. The sectors that support the digital economy—data centers, infrastructure, and industrial REITs—had FFO at or near record highs.
