2024 Multifamily REIT Returns

REIT performance data from S&P Global Real Estate.

The multifamily REIT sector had a 71.9 percent average AFFO payout ratio estimate as of May 3.

Among multifamily REITs, Elme Communities was on top of the list with a 88.4 percent AFFO payout ratio estimate. Following next was Apartment Income REIT Corp., with a 87.7 percent payout ratio estimate.

Veris Residential Inc. was at the bottom of the list with a 44.6 percent payout ratio estimate for 2024Q1.

Iman Niazi is a senior associate in the Real Estate Client Operations Department of S&P Global Market Intelligence

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