Nareit estimates REITs earned nearly 25% in 2021

REIT earnings soared last year, with the Nareit Total REIT Industry Tracker Series releasing data that suggests all equity REITs rose 24.6% from 2020 to 2021 to $64.8 billion.

The measure was done via "funds from operations" (FFOs) which is now above its pre-pandemic levels, according to global industry body Nareit.

"REITs have had an impressive recovery from the early stages of the pandemic, with FFO totaling a record $64.8 billion in 2021, up 24.6% from the year before," said John Worth, Nareit EVP, research and investor outreach. "Strong balance . . .

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