June 6, 2025 12:19 AM GMT REITs | North America NAREIT Recap: Not Quite Duty Free But Better We highlight key stock and sector takeaways across +38 meetings Key Takeaways Apartments: Fundamental tailwinds for apartment REITs continued to shine through at NAREIT: 1) deliveries are declining and the lack of recent starts supports the thesis that supply will remain materially lower for the next 2-3+ years; and 2) we see solid job growth combined with greater relative affordability, driven by low levels of for- ...