REITs outpaced the broader market in the third quarter of 2019 with the FTSE Nareit All Equity REITs index increasing 7.7%, compared to the S&P 500’s 1.7%. FFO growth declined in Q3 decreasing 2.9% over the prior year, largely due to a significant charge to settle outstanding litigation by a one REIT. Total FFO excluding this charge would have been 1.2% higher than Q2 at $16.6 billion. Occupancy rates remain near record high and leverage near historical low. REITs continued to buy properties with net acquisitions totaling $4.9 billion in the third quarter. Download the 2019 Q3 data.
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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.
3Gross acquisitions less dispositions over the prior 4 quarters as a portion of undepreciated book value of total property holdings, reported in basis points
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