Terreno Realty (NYSE: TRNO) is an example of how that can drive profitability. Major industrial REIT Duke Realty (NYSE: DRE) reported that it was able to raise core FFO by 15% in this year's third quarter through higher rents and demand for its new developments. In the 12 months through October, the consumer price index (CPI) rose 6.2%, the highest in almost four decades, while total returns for REITs overall were at 45% before adjusting for inflation.