The stock market volatility is evident from the CBOE Volatility Index’s 32% year-to-date gains amid the record high inflation, the Fed’s aggressive rate hikes, and geopolitical issues. However, Real Estate Investment Trusts (REITs) have witnessed record operating performance in the last quarter.
Occupancy of total REIT-owned properties increased to 93.7%, while FFO reached a record high of $19.60 billion. Nareit Executive Vice President of Research and Investor Outreach, John Worth, said, “REITs delivered strong operating performance despite concerns about a slowing economy.”
