These REITs Trade At Discounts, But Should They?

Nisian Hughes We have documented substantial gaps in valuation between REIT property sectors. Some of the gaps are warranted by fundamental strength or weakness, while others represent mispricing. In our previous article, we discussed the REIT sectors trading at premiums, and in this post, we will discuss the discounted REIT sectors. As a reminder, here are the average (unweighted mean) AFFO multiples of each REIT sector. Hotel – 10.6X AFFO Diversified – 13.8X AFFO Office – 14.5X AFFO Healthcare – 14.9X AFF ...