REITs Q1 Earnings Begin On Solid Note

Published on 23 Apr 2024 on Benzinga via Yahoo Finance

REITs Q1 Earnings Begin On Solid Note

Given the recent talk about higher interest rates being a headwind for real estate investment trusts (REITs), investors might anticipate that first-quarter operating results could be lackluster or subpar.

However, many initial REIT earnings reports are much better than expected, with several REITs beating the analyst estimates on funds from operations (FFO) or adjusted funds from operations (AFFO). Occupancy levels are still high and full-year 2024 FFO guidance looks sound.

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REITs Q1 Earnings Begin On Solid Note

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