REIT Industry Monthly Data for Sept. 2025
Industry Size
- FTSE Nareit All REITs equity market capitalization = $1.471 trillion
- FTSE Nareit All Equity REITs equity market capitalization = $1.409 trillion
- REITs own over $4.5 trillion of commercial real estate assets, including listed and non-listed public and private Equity and Mortgage REITs
- 196 REITs are in the FTSE Nareit All REITs Index
- 160 REITs trade on the New York Stock Exchange
- NYSE listed REITs equity market capitalization = $1.267 trillion
Dividends
Yield Comparison
- FTSE Nareit All REITs: 4.27%
- FTSE Nareit All Equity REITs: 3.88%
- S&P 500: 1.11%
- Public listed REITs paid out approximately $66.2 billion and public non-listed REITs paid out approximately $4.3 billion in dividends during 2024.
- By market cap-weighted average, 78 percent of the annual dividends paid by REITs qualify as ordinary taxable income, 12 percent qualify as return of capital and 9 percent qualify as long-term capital gains in 2024.
Leverage and Coverage Ratios
(Balance sheet data as of 2025: Q2)
All Equity REITs
- Debt Ratio: 33.5%
- Coverage Ratio: 4.5x
Average Daily Dollar Trading Volume
- September 2025: $10.9 billion
- September 2020: $8.1 billion
- September 2015: $6.2 billion
Data as of September 30, 2025, except where noted.
All data are derived from, and apply only to, listed U.S. REITs unless otherwise noted.