Forward AFFO Payout Ratios

2021 Multifamily REIT Results
The latest update from S&P Global Market Intelligence.
2020 REIT Results
Among the sectors, Diversified REITs had the highest average AFFO payout ratio estimate for the quarter.
2019 REIT Results
Among the sectors, hotel REITs had the lowest average payout ratio estimate for 2019.
2018 REIT Results
The projected proportion of earnings to be paid as dividends, cycling among REIT subcategories.
Specialty REITs Raise Most Capital Year-to-Date
The specialty sector raised $25.9 billion in capital year-to-date through Sept. 29, with communications REITs raising more than 40 percent of that total, according to S&P Global Market Intelligence data.
REIT Results
Condor Hospitality Trust, Inc., a Hotel REIT, recorded a 398 percent SNL AFFO payout ratio estimate, the highest among US REITs.
U.S. Equity REITs
Among the U.S. Multifamily-focused REITs, Bluerock Residential Growth REIT, Inc. posted the highest payout ratio estimate, at 195.9 percent.
Industrial, Self-Storage REITs Performing Well
The two sectors were among the leaders of all publicly traded U.S. equity REITs in terms of the last 12 months funds from operations, according to S&P Global Market Intelligence data.
Hotels Hit Highest Dividend Yields
The hotel sector posted the highest one-year average dividend yield among all U.S. equity REIT sectors, according to S&P Global Market Intelligence data, outperforming the broader SNL U.S. REIT Equity Index.
Specialty REITs Top Capital Raising
Publicly traded U.S. REITs raised some $23.4 billion through capital offerings in the first three months of 2017, with senior debt offerings making up the majority of the capital raises.
U.S. Equity REITs
Although the hotel sector had the lowest AFFO payout ratio, its average dividend yield of 5.0 percent was higher than several other sectors, including self-storage, shopping centers, multifamily and office.
REIT Results
Although the hotel sector had the lowest AFFO payout ratio, its average dividend yield of 5.0 percent was higher than several other sectors, including self-storage, shopping centers, multifamily and office.