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 March 31, 2015, 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 = $966 billion
  • FTSE NAREIT All Equity REITs equity market capitalization = $900 billion
  • REITs own approximately $1.7 trillion of commercial real estate assets, including stock exchange-listed and public, non-listed REITs
  • 220 REITs are in the FTSE NAREIT All REITs Index
  • 191 REITs trade on the New York Stock Exchange
  • NYSE listed REITs equity market capitalization = $916 billion

Dividends

Yield Comparison

  • FTSE NAREIT All REITs: 3.80%
  • FTSE NAREIT All Equity REITs: 3.37%
  • S&P 500: 2.02%
  • REITs paid out approximately $46 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 Q3 2014)

Equity REITs

  • Debt Ratio: 33.5%
  • Coverage Ratio: 4.1x
  • Fixed Charge Ratio: 3.8x
  • 62 Equity REITs are rated investment grade, 67 percent by equity market capitalization.

All REITs

  • Debt Ratio: 40.2%
  • Coverage Ratio: 4.0x
  • Fixed Charge Ratio: 3.6x
  • 62 REITs are rated investment grade, 62 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

  • March 2015: $7.4 billion
  • March 2005: $3.1 billion
  • March 2005: $1.4 billion