As of May 1, the health-care sector led all publicly traded U.S. equity REIT sectors in terms of the last twelve months funds from operations multiple. The sector posted a 57.24x LTM FFO multiple, outperforming the Dow Jones equity all REIT index by 33.13 percentage points.
The self storage and equity all REIT sectors followed with price to LTM FFO multiples of 27.82x and 24.11x, respectively.
The U.S. manufactured homes REIT sector ranked second to last with 19.45x with the apartment REIT index last with 16.14x.
Among the Multifamily REITs, Veris Residential Inc. was on top of the list with a 25.6x price to LTM FFO multiple, followed by Camden Property Trust and Equity Residential with a 16.8x price to LTM FFO multiples.
NexPoint Residential Trust, Inc. and Elme Communities were at the bottom of the list with a 11.5x and a 2.8x price to LTM FFO multiple respectively.
Source: Multi-Housing News
Multifamily Market News 