Forward AFFO Payout Ratios
Commercial REIT Results—October 2024
Industrial REIT payout ratios exceed those for office and all REITs, according to S&P Global.
2023 Commercial REIT Results
Publicly traded U.S. equity REITs had an average Q2 2023 AFFO payout ratio estimate of 66.9 percent.
2022 Commercial REIT Results
Publicly traded equity REITs had an average Q3 AFFO payout ratio estimate of 72 percent, according to S&P Global Market Intelligence.
2021 Commercial REIT Results
As of Dec. 1, office REITs had the highest average AFFO payout ratio estimate at 73.2 percent, according to S&P Global Market Intelligence.
2020 REIT Results
Among the sectors, Diversified REITs had the highest average AFFO payout ratio estimate for the quarter.
2020 REIT Results
Among the sectors, multifamily REITs had the highest average AFFO payout ratio estimate for the third quarter of 2020, at 90.5 percent.
2019 REIT Results
Among the sectors, hotel REITs had the lowest average payout ratio estimate for 2019.
2018 REIT Results
The projected proportion of earnings to be paid as dividends, cycling among REIT subcategories.
Specialty REITs Raise Most Capital Year-to-Date
The specialty sector raised $25.9 billion in capital year-to-date through Sept. 29, with communications REITs raising more than 40 percent of that total, according to S&P Global Market Intelligence data.
REIT Results
Condor Hospitality Trust, Inc., a Hotel REIT, recorded a 398 percent SNL AFFO payout ratio estimate, the highest among US REITs.