Each month, Nareit®, the National Association of Real Estate Investment Trusts®, provides a statistical snapshot of the overall REIT market. More detailed information is available in REIT indexes.
REIT Industry Monthly Data for March 2026
Industry Size
$1.47T
FTSE Nareit All REITs equity market capitalization
$1.40T
FTSE Nareit All Equity REITs equity market capitalization
$1.25T
NYSE listed REITs equity market capitalization
- REITs own over $4.5 trillion of commercial real estate assets, including listed and non-listed public and private Equity and Mortgage REITs
- 188 REITs are in the FTSE Nareit All REITs Index
- 154 REITs trade on the New York Stock Exchange
Dividends
Yield Comparison
4.38%
FTSE Nareit All REITs
4.00%
FTSE Nareit All Equity REITs
1.17%
S&P 500
- 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: Q4)
36.0%
Debt Ratio
4.88
Coverage Ratio
Average Daily Dollar Trading Volume
$12.0B
March 2026
$10.2B
March 2021
$6.5B
March 2016
Data as of March 31, 2026, except where noted.
All data are derived from, and apply only to, listed U.S. REITs unless otherwise noted.