Commercial real estate owners posted strong net operating income (NOI) growth last year. For the properties reporting year-end 2014 financials, NOI grew by 2.8% on average, compared to growth of 2.64% in 2013, according to Wells Fargo Securities.
Wells Fargo based its analysis on NOIs reported by properties backing collateralizing loans in conduit CMBS transactions. More than half of those properties have now reported full-year 2014 financials.
If the growth rate holds among the remaining properties yet to report, it would mark the second highest level of NOI growth since the financial crisis, only falling short of the 3.43% NOI increase seen in 2012.
Read more...Property Owners Reporting Strong 2014 NOI Gains - CoStar Group
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