2025 Multifamily REIT Results
S&P’s latest report on the sector’s performance.
As of May 2025, publicly traded U.S. equity REITs had an average 2025Q1 AFFO payout ratio estimate of 80.5 percent.
Among the sectors displayed in the chart, self-storage REITs had the highest average AFFO payout ratio estimate for the first quarter of 2024, at 94.3 percent. The manufactured home and health-care sectors followed at 86.4 percent and 80.8 percent, respectively.
On the other end of the spectrum, multifamily had a 74.3 percent average AFFO payout ratio estimate for the first quarter of 2025.
Jerra Joy Agravio is a Senior Associate in the Real Estate Client Operations Department of S&P Global Market Intelligence. If you are interested to learn more about the products and services available within S&P Global Real Estate data, please visit us here.
—Posted on May 30, 2025
