More than 60% of U.S. equity REITs reported year-over-year increases in Q4 funds from operations (FFO), according to Nareit's latest T-Tracker report.
- Warning! GuruFocus has detected 8 Warning Signs with MPW.
Aggregate FFO rose 11.35% to $20.87 billion, up from $18.74 billion a year ago, while average FFO per share increased to $0.81 from $0.75.
About two-thirds of REITs also posted growth in net operating income (NOI), which climbed 5.46% to $29.77 billion.
Healthcare REITs led the charge, with senior housing fundamentals strengthening and tenant issues improving across the sector, according to Hoya Capital. Notable earnings beats came from:
- Medical Properties Trust (NYSE:MPW)
- Welltower (NYSE:WELL)
- National Health Investors (NYSE:NHI)
- Ventas (NYSE:VTR)
- American Healthcare REIT (NYSE:AHR)
- Global Medical REIT (NYSE:GMRE)
Other top performers included W. P. Carey (NYSE:WPC), CBL & Associates Properties (NYSE:CBL), and Regency Centers (NASDAQ:REG).
Meanwhile, Q4 occupancy rates dipped slightly to 93.31% from 93.44% year-over-year.
This article first appeared on GuruFocus.
Comments