REITs Rebound from Sluggish Q1

WASHINGTON, DC—The comparatively weak performance of REITs in the first quarter of this year didn’t carry over into the second, judging by NAREIT‘s quarterly composite measure. The association’s Total REIT Industry Tracker Series debuted this past May with Q1 results; the latest NAREIT T-Tracker shows a strong rebound compared to three months ago.

Equity REITs produced total funds from operations of $12.9 billion in Q2. The total was up 16.6% from Q1 and represented a 16.5% increase from $11.1 billion in the year-ago period. That’s more than twice the rate of year-over-year increase the REIT sector saw in Q1, when the $11.2 total FFO was up 8% from the same quarter in 2014. FFO per share was up 14.8% in Q2 from the previous quarter, and up 5% compared to the same period last year.