REIT Industry Monthly Data for Dec. 2025
Industry Size
$1.43T
FTSE Nareit All REITs equity market capitalization
$1.36T
FTSE Nareit All Equity REITs equity market capitalization
$1.23T
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
- 195 REITs are in the FTSE Nareit All REITs Index
- 158 REITs trade on the New York Stock Exchange
Dividends
Yield Comparison
4.44%
FTSE Nareit All REITs
4.07%
FTSE Nareit All Equity REITs
1.10%
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: Q2)
33.2%
Debt Ratio
4.4x
Coverage Ratio
Average Daily Dollar Trading Volume
$10.9B
December 2025
$8.7B
December 2020
$6.1B
December 2015
Data as of December 31, 2025, except where noted.
All data are derived from, and apply only to, listed U.S. REITs unless otherwise noted.