"About 98% of REITs would experience revenue loss in a severe weather event occurring once every 100 years, with more than half seeing losses of at least 10%."
"Climate-driven disruption costs the typical REIT approximately 1.1% of annual revenue, totaling an estimated $3.1 billion across the index, excluding insurance costs."
"A 1-in-100-year event would result in average losses of about 15% of annual revenue, while rarer 1-in-500-year events could push losses close to 30%."
"The U.S. dominates global REIT portfolios, accounting for more than 80% of asset locations and roughly two-thirds of rentable square footage."
Approximately 98% of REITs would suffer revenue losses during severe weather events occurring once every 100 years. Over half could see losses of at least 10%, while nearly one-third might lose more than 20%. Climate-driven disruptions cost REITs about 1.1% of annual revenue, totaling around $3.1 billion. Some REITs are self-insuring due to rising insurance costs. A 1-in-100-year event could lead to $43 billion in total losses, with geographic concentration increasing risk for certain firms, while the U.S. dominates global REIT portfolios.
Read at www.housingwire.com
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