REIT Industry Monthly Data for May 2025
Industry Size
- FTSE Nareit All REITs equity market capitalization = $1.431 trillion
- FTSE Nareit All Equity REITs equity market capitalization = $1.371 trillion
- 197 REITs are in the FTSE Nareit All REITs Index.
- 160 REITs trade on the New York Stock Exchange.
- NYSE listed REITs equity market capitalization = $1.216 trillion
Dividends
Yield Comparison
- FTSE Nareit All REITs: 4.32%
- FTSE Nareit All Equity REITs: 3.99%
- S&P 500: 1.24%
- Listed REITs (equity REITs and mREITs) 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 Q1 2025)
All Equity REITs
- Debt Ratio: 32.5%
- Coverage Ratio: 4.1x
Average Daily Dollar Trading Volume
- May 2025: $9.7 billion
- May 2020: $9.8 billion
- May 2015: $6.1 billion
Data as of May 30, 2025, except where noted.
All data are derived from, and apply only to, listed U.S. REITs unless otherwise noted.