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 Feb. 2026

Industry Size

$1.57T

FTSE Nareit All REITs equity market capitalization

$1.50T

FTSE Nareit All Equity REITs equity market capitalization

$1.34T

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

4.08%

FTSE Nareit All REITs

3.72%

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: Q3)

32.9%

Debt Ratio

4.3x

Coverage Ratio

Average Daily Dollar Trading Volume

$13.3B

February 2026

$9.2B

February 2021

$7.3B

February 2016

Data as of February 27, 2026, except where noted.

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

Download the full data set