REIT - REIT Property acquisitions surged across sectors in Q2 infrastructure leading: Nareit

As per the Nareit T-Tracker data, net acquisitions increased to $16.3B in Q2; acquisitions of commercial properties in the M&A space have been on the rise. FFO rose 19.8% Q/Q to $16.5B indicating complete recovery from the declines in early pandemic; Net operating income increased 7.5% Q/Q to $25.6B while Y/Y it rose 22.2%. Occupancy rates were 92.5%, 180 basis points higher from prior quarter; while office and apartment REITs reported marginal change in occupancy rates, industrial REIT sector occupancy rates expanded 210 basis points to record high of 97.3%. Sector-wise: Across property sectors the acquisition activity is on the rise with infrastructure REITs accounted for over half of total property acquisitions in Q2. In addition, self storage, retail, residential, diversified, specialty, office, and industrial REITs also were net buyers of real estate in the quarter; lodging/resorts and health care, were the only net sellers. Since 2010, REITs have made net

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REIT Property acquisitions surged across sectors in Q2, infrastructure leading: Nareit