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 September 2022

Industry Size

  • FTSE Nareit All REITs equity market capitalization = $1.225 trillion
  • FTSE Nareit All Equity REITs equity market capitalization = $1.169 trillion
  • 208 REITs are in the FTSE Nareit All REITs Index.
  • 171 REITs trade on the New York Stock Exchange.
  • NYSE listed REITs equity market capitalization = $1.055 trillion

Dividends

Yield Comparison

  • FTSE Nareit All REITs: 4.39%
  • FTSE Nareit All Equity REITs: 3.95%
  • S&P 500: 1.73%
  • Listed REITs (equity REITs and mREITs) paid out approximately $51.7 billion and public non-listed REITs paid out approximately $2.2 billion in dividends during 2020.
  • By market cap-weighted average, 58 percent of the annual dividends paid by REITs qualify as ordinary taxable income, 14 percent qualify as return of capital and 28 percent qualify as long-term capital gains in 2020.

Leverage and Coverage Ratios

(Balance sheet data as of Q2 2022)

All Equity REITs

  • Debt Ratio: 33.1%
  • Coverage Ratio: 6.1x

Average Daily Dollar Trading Volume

  • September 2022: $9.9 billion
  • September 2017: $6.8 billion
  • September 2012: $.3 billion

Data as of September 30, 2022, except where noted.

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

Download the full data set