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Quarterly REIT Performance Data

Nareit's Quarterly REIT Performance Data provides a clear picture of REIT returns and operating performance in a downloadable, easy-to-read format. Stay up to date on REIT and macroeconomic fundamentals with a printable PDF containing data on REIT total returns, FFO growth, leverage, and more.

REIT total returns were modestly negative in the first quarter of 2024, with all equity REITs and mortgage REITs down by 1.3% and 0.7%, respectively. REIT performance was mixed in April and May of 2024. All equity REITs posted a loss of 7.9% in April 2024 and a gain of 5.3% in May 2024. Mortgage REITs posted a loss of 5.8% in April 2024; they were up 3.1% in May 2024. REITs continued to offer attractive dividends. As of May 2024, all equity and mortgage REITs offered dividends of 4.2% and 12.5%, respectively. REIT operational performance experienced modest gains in 2024 Q1 (the most recent data available). Aggregate REIT NOI rose by 2.8% over the past four quarters. REIT balance sheets also continued to remain sound. As of the 2024 Q1, the average REIT leverage (debt to market assets) ratio was 33.8% and the weighted average term to maturity of total debt was nearly 6.4 years. Download the latest data.

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Footnotes
  • 1Source: FactSet, FTSE Nareit US, FTSE EPRA/Nareit Global
  • 2Source: Nareit T-Tracker®, except where noted. Operational Performance is dollar weighted from the FTSE Nareit All Equity REITs index.
  • 3YTD % change
  • 4Source: Green Street Advisors All REIT Premium to NAV
  • 5Source: Bureau of Economic Analysis GDP report and Bureau of Labor Statistics Employment and CPI reports