11:24 AM EDT, 07/24/2024 (MT Newswires) -- RBC expects its Seniors Housing coverage universe to deliver second quarter FFOPU growth of +1%, down from last quarter's +7%, which had the benefit of some lumpy income in a select few names. The range between subsectors is quite wide, with seniors housing (+18% YoY) forecast to lead by a substantial margin.

Multi-family (+3% YoY) should be next, with particularly strong growth from the Canadian portfolios (+8%).

Retail (+2% YoY) and industrial (flat) should follow, while self-storage (-4%), diversifieds (-5%), and office (-14%) will likely lag.

"Bigger picture, our 2023A-25E FFOPU CAGR is +2%, with most of our preferred property types well ahead of the sector average, including seniors housing, multi-family, industrial, and self-storage."

Price: 13.56, Change: +0.27, Percent Change: +2.03