Revista Releases 1Q20 Industry Fundamentals Report
Revista has posted the first quarter, 2020 Industry Fundamentals Report to its subscriber site (https://www.revistamed.com/user/myaccount). The Revista MOB Sector Fundamentals Report represents approximately 150M SF of data reported by major owners of medical office properties. Data are provided quarterly, covering an entire portfolio, as well as on a same-store, year over year basis (YOY). Overall, the report shows little impact from the Covid-19 pandemic. The chart below shows key aggregate same-store year over year growth rates for key MOB metrics. The occupancy rate (currently 91.7%) is off 11 basis points, YOY. Revenue growth and expense growth were both lower this quarter, at 1.6% and 0.7%, respectively. NOI growth was 2.4% in 1Q20 which was down form 4Q19 but up 20 bps in 1Q19.