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 October 2023

Industry Size

  • FTSE Nareit All REITs equity market capitalization = $1.131 trillion
  • FTSE Nareit All Equity REITs equity market capitalization = $1.079 trillion
  • 200 REITs are in the FTSE Nareit All REITs Index.
  • 164 REITs trade on the New York Stock Exchange.
  • NYSE listed REITs equity market capitalization = $958.5 billion


Yield Comparison

  • FTSE Nareit All REITs: 5.01%
  • FTSE Nareit All Equity REITs: 4.59%
  • S&P 500: 1.61%
  • Listed REITs (equity REITs and mREITs) paid out approximately $63.1 billion and public non-listed REITs paid out approximately $6.1 billion in dividends during 2022.
  • By market cap-weighted average, 70 percent of the annual dividends paid by REITs qualify as ordinary taxable income, 14 percent qualify as return of capital and 16 percent qualify as long-term capital gains in 2022.

Leverage and Coverage Ratios

(Balance sheet data as of Q2 2023)

All Equity REITs

  • Debt Ratio: 34.6%
  • Coverage Ratio: 4.5x

Average Daily Dollar Trading Volume

  • October 2023: $8.0 billion
  • October 2018: $7.5 billion
  • October 2013: $5.2 billion

Data as of October 31, 2023, except where noted.

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

Download the full data set