Most real estate investment trusts are still getting their rent, except in the retail sector

The level of rent collection by U.S. REITs was about the same in May as it was in April, according to a survey just released by Nareit, an industry trade group. The survey covered six commercial real estate property sectors and compared the rents collected in May to those of a typical month prior to the pandemic.

Apartment REIT rent collections were also strong in May, remaining at 95% of a typical month and basically flat with April collections. Apartment landlords responding said they granted rent deferrals for 3% of rent owed. Single-family rentals and lower income apartments not owned by REITs have not fared as well.

Retail is another story. The sector is divided into free-standing retail, which are mostly convenience stores, restaurants and pharmacies, shopping centers, which are usually anchored by a supermarket, and regional malls.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Real estate is still a popular investment pick. Here's what you need to know about buying in a downturnThe coronavirus pandemic has made us all a lot more familiar with our homes, while also throwing up many questions over the future of the property market. MakeIt Wait for more checks from the government is what I planned. They need to hurry up and give me more. DemsAreCorrupt DemsAreDestroyingAmerica MakeIt Especially when CCP investor are looking to unload their foreign assets which they had flipped while driving up demands and properties price. MakeIt 1. Wait for the actual downturn.
Source: CNBC - 🏆 12. / 72 Read more »