Occupancy rates of total REIT-owned properties reached and exceeded pre-pandemic levels for the first time in Q2 2022 and funds from operations (FFO) were never higher, according to a report this week from Nareit.
Net acquisitions in the quarter were down, likely from rising interest rates. They totaled $11 billion compared to $16.7 billion in the first quarter.
Nareit Executive Vice President of Research and Investor Outreach John Worth said in prepared remarks that REITs' performance is holding up in the face of "concerns about a slowing economy" and "stock market volatility."
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