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Source: S&P Global Market Intelligence
US Equity REIT Average 2021 Q4 AFFO Payout Ratio Estimate
As of May 5, publicly traded U.S. equity REITs had an average 2021Q4 AFFO payout ratio estimate of 73.6 percent.
Among the sectors displayed in the chart, health care REITs had the highest average AFFO payout ratio estimate for the first quarter of 2022, at 84.4 percent. The multifamily and manufactured home sectors followed at 75.2 percent and 74.8 percent, respectively.
On the other end of the spectrum, self-storage REITs had a 73.9 percent average AFFO payout ratio estimate for the first quarter of 2022.
Among the multifamily REITs, Washington Real Estate Investment Trust was on top of the list with a 96.6 percent AFFO payout ratio estimate. Following next was Bluerock Residential Growth REIT Inc., with a 90.6 percent payout ratio estimate. Independence Realty Trust Inc. was at the bottom of the list with a 54.5 percent payout ratio estimate for 2021Q4.