Preliminary REIT Exposure Analysis: Uncovering the Impact of Hurricane Milton

To support analysis within a financial risk model, we conducted research to identify the REITs most likely to be impacted by Hurricane Milton. Focusing on key cities within the storm’s path—Tampa, Clearwater, Siesta Key, St. Petersburg, Sarasota, Fort Myers, Fort Pierce, Charlotte Harbor, Anna Maria Island, and Punta Gorda—we uncovered 51 REITs with some exposure to the storm's path. Several REITs stand out due to their large property portfolios in these cities. As can be observed from the graphic above, the top 3 (by property count) most exposed in the cities mentioned above are Life Storage (LSI),  Public Storage (PSA), Prologis (PLD). The full list of REITs and corresponding properties can be requested via email - info@realassetdata.com . 

From a property type perspective, Self Storage and Retail sectors are the most heavily exposed within the REIT universe. Self Storage REITs collectively hold 129 properties in the affected cities, making them particularly vulnerable to any storm-related damage or interruptions in service. Retail and Industrial properties also show significant exposure. Despite the potential disruptions, Self Storage and Industrial sectors often recover quickly, with demand for storage and logistics space typically rising in the aftermath of natural disasters.

Disclaimers: 

1. In analyzing REITs, we limited our search to reit property data within (('Tampa','Clearwater','Siesta Key', 'St. Petersburg','Sarasota', 'Fort Myers','Fort Pierce', 'Charlotte Harbor', 'Anna Maria Island', 'Punta Garda') .
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