The real estate sector is trading higher, buoyed by strong third-quarter earnings reports from several Real Estate Investment Trusts (REITs). For example, NNN REIT reported a 5.9% year-over-year growth in Core Funds From Operations (FFO) per share and increased its portfolio occupancy to 99.2%. This positive earnings surprise, along with other signs of operational strength within the sector, is likely attracting investor interest and driving the rally in real estate stocks.
Positive REIT Earnings Reports Lift Real Estate Sector