2026 Multifamily REIT Results
S&P’s latest report on REITs' performance in 2026. Read the report.
As of May 5, publicly traded U.S. equity REITs had an average 2026Q1 AFFO payout ratio estimate of 75.7 percent.
Among the sectors displayed in the chart, self-storage REITs had the highest average AFFO payout ratio estimate for the first quarter of 2026, at 90.7 percent. The manufactured home and multifamily sectors followed at 86.2 percent and 74.7 percent, respectively.
On the other end of the spectrum, health care had a 72.3 percent average AFFO payout ratio estimate for the first quarter of 2026.
Among the multifamily REITs, BRT Apartments Corp. was on top of the list with a 86.2 percent AFFO payout ratio estimate. Following next Equity Residential with a 85.6 percent payout ratio estimate.
Veris Residential Inc. was at the bottom of the list with a 47.2 percent payout ratio estimate for 2026Q1.
Psalm Uy 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 May 19, 2026
