Each month, Nareit provides a statistical snapshot of the overall REIT market. More detailed information is available in REIT indexes. 

REIT Industry Monthly Data for May 2021

Industry Size

  • FTSE Nareit All REITs equity market capitalization = $1.468 trillion
  • FTSE Nareit All Equity REITs equity market capitalization = $1.382 trillion
  • 221 REITs are in the FTSE Nareit All REITs Index.
  • 183 REITs trade on the New York Stock Exchange.
  • NYSE listed REITs equity market capitalization = $1.280 trillion

Dividends

Yield Comparison

  • FTSE Nareit All REITs: 3.16%
  • FTSE Nareit All Equity REITs: 2.91%
  • S&P 500: 1.34%
  • Listed REITs (equity REITs and mREITs) paid out approximately $63.2 billion and public non-listed REITs paid out approximately $3.7 billion in dividends during 2019.
  • By market cap-weighted average, 74 percent of the annual dividends paid by REITs qualify as ordinary taxable income, 13 percent qualify as return of capital and 13 percent qualify as long-term capital gains in 2019.

Leverage and Coverage Ratios

(Balance sheet data as of Q1 2021)

All Equity REITs

  • Debt Ratio: 32.8%
  • Coverage Ratio: 4.5x

Average Daily Dollar Trading Volume

  • May 2021: $8.7 billion
  • May 2016: $6.7 billion
  • May 2011: $3.3 billion

Data as of May 31, 2021, except where noted.

All data are derived from, and apply only to, listed U.S. REITs unless otherwise noted.

Download the full data set.