2024 Multifamily REIT Returns

Performance data from S&P Global Real Estate. Read the report.

As of September 10th, the Dow Jones U.S. real estate Multifamily index ranked third out of all property sectors covered in this analysis, posting a one-year total return of 29.55 percent.

Among the multifamily-focused REITs, Essex Property Trust Inc.  delivered the highest one-year total return of approximately 42.3 percent. This was followed by NexPoint Residential Trust Inc. and AvalonBay Communities Inc.  at 33.5 percent and 32.6 percent one-year total returns, respectively.

Veris Residential, Inc. posted a -1.9 percent total return for the one-year timeframe—the lowest among the multifamily REITs.

Iman Niazi is a Senior Associate in the Real Estate Client Operations department of S&P Global Market Intelligence. If you are interested in learning more about the products and services available within S&P Global Real Estate data, please visit us here.

—Posted on September 27, 2024