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Nearly 200 mutual funds are dedicated to stock-exchange listed REITs.

Industry Data

Data is a crucial resource when evaluating any industry. REIT.com provides an array of industry data from NAREIT as well as other providers.

REIT Industry Fact Sheet

Data as of June 30, 2014, except where noted.

All data are derived from, and apply only to, publicly traded US REITs.

Industry Size

· FTSE NAREIT All REITs equity market capitalization = $816 billion

· FTSE NAREIT All Equity REITs equity market capitalization = $742 billion

· REITs own approximately $1.7 trillion of commercial real estate assets, including stock exchange-listed and public, non-listed REITs

· 210 REITs are in the FTSE NAREIT All REITs Index

· 182 REITs trade on the New York Stock Exchange

· NYSE listed REITs equity market capitalization = $781 billion

Dividends

Yield Comparison

- FTSE NAREIT All REITs: 4.03%

- FTSE NAREIT All Equity REITs: 3.52%

- S&P 500: 2.00%

· REITs paid out approximately $34 billion in dividends in 2013.

· On average, 68 percent of the annual dividends paid by REITs qualify as ordinary taxable income, 13 percent qualify

as return of capital and 19 percent qualify as long-term capital gains.

Leverage and Coverage Ratios

(Balance sheet data as of March 31, 2014; share pricing as of June 30, 2014)

Equity REITs

· Debt Ratio: 34.4%

· Coverage Ratio: 3.5x

· Fixed Charge Ratio: 3.2x

· 56 Equity REITs are rated investment grade, 65 percent by equity market capitalization.

All REITs

· Debt Ratio: 46.7%

· Coverage Ratio: 3.1x

· Fixed Charge Ratio: 2.8x

· 56 REITs are rated investment grade, 60 percent by equity market capitalization.

- Coverage ratio equals EBITDA divided by interest expense.

- Fixed charge ratio equals EBITDA divided by interest expense plus preferred dividends.

Average Daily Dollar Trading Volume

· June 2014: $5.7 billion

· June 2009: $3.6 billion

· June 2004: $1.2 billion

Capital Offerings

· REITs have raised $35.1 billion in initial, debt and equity capital offerings in 2014. $15.7 billion has been raised in secondary equity common and preferred share offerings, $18.7 billion in unsecured debt offerings, and $763 million in initial public offerings.