2023 Multifamily REIT Results

US equity REIT average 2023Q2 AFFO payout ratio estimate

Data as of October 6, 2023
Source: S&P Global Market Intelligence

As of October 6,2023, publicly traded U.S. equity REITs had an average 2022Q3 AFFO payout ratio estimate of 66.9 percent.

Among the sectors displayed in the chart, health care REITs had the highest average AFFO payout ratio estimate for the third quarter of 2023, at 84.5 percent. The self-storage and manufactured home sectors followed at 83.6 percent and 71.4 percent, respectively.

On the other end of the spectrum, multifamily REITs had a 70.9 percent% average AFFO payout ratio estimate for the third quarter of 2023.

The multifamily REIT sector had a 70.9 percent average AFFO payout ratio estimate as of October 6, 2023.

Among the multifamily REITs, Centerspace was on top of the list with an 83.4 percent AFFO payout ratio estimate. Following next was Elme Communities with a 81.8 percent payout ratio estimate.

NexPoint Residential Trust, Inc. was at the bottom of the list with a 53.6 percent payout ratio estimate for 2023Q3.

— Jerra Joy Agravio is an Associate in the Real Estate Client Operations Department of S&P Global Market Intelligence

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—Posted on Oct. 31, 2023