Global REIT inflows turned positive in May 2024 for the first time in six months, according to EPRA data. European logistics REITs, in particular, have gained from cross‑border e‑commerce growth. Realty Income has increased its monthly dividend 132 times since going public over 30 years ago. While SM REITs offer potential benefits, they also come with certain risks. Fluctuations in property values can impact the REIT's share price. Additionally, SM REITs are a relatively new asset class, and their long-term performance remains to be seen. Seasonal demand in Q3 may push occupancy back above 94%.