FTSE Nareit Real Estate Index Historical Market Capitalization, 1972 - 2025
Equity Market Capitalization Outstanding (Millions of dollars at year end)
2025
All REITs | Equity | Mortgage | Hybrid | ||||||
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| 1971 | 34 | 1,494.3 | 12 | 332.0 | 12 | 570.8 | 10 | 591.6 | |
| 1972 | 46 | 1,880.9 | 17 | 377.3 | 18 | 774.7 | 11 | 728.9 | |
| 1973 | 53 | 1,393.5 | 20 | 336.0 | 22 | 517.3 | 11 | 540.2 | |
| 1974 | 53 | 712.4 | 19 | 241.9 | 22 | 238.8 | 12 | 231.7 | |
| 1975 | 46 | 899.7 | 12 | 275.7 | 22 | 312.0 | 12 | 312.0 | |
| 1976 | 62 | 1,308.0 | 27 | 409.6 | 22 | 415.6 | 13 | 482.8 | |
| 1977 | 69 | 1,528.1 | 32 | 538.1 | 19 | 398.3 | 18 | 591.6 | |
| 1978 | 71 | 1,412.4 | 33 | 575.7 | 19 | 340.3 | 19 | 496.4 | |
| 1979 | 71 | 1,754.0 | 32 | 743.6 | 19 | 377.1 | 20 | 633.3 | |
| 1980 | 75 | 2,298.6 | 35 | 942.2 | 21 | 509.5 | 19 | 846.8 | |
| 1981 | 76 | 2,438.9 | 36 | 977.5 | 21 | 541.3 | 19 | 920.1 | |
| 1982 | 66 | 3,298.6 | 30 | 1,071.4 | 20 | 1,133.4 | 16 | 1,093.8 | |
| 1983 | 59 | 4,257.2 | 26 | 1,468.6 | 19 | 1,460.0 | 14 | 1,328.7 | |
| 1984 | 59 | 5,085.3 | 25 | 1,794.5 | 20 | 1,801.3 | 14 | 1,489.4 | |
| 1985 | 82 | 7,674.0 | 37 | 3,270.3 | 32 | 3,162.4 | 13 | 1,241.2 | |
| 1986 | 96 | 9,923.6 | 45 | 4,336.1 | 35 | 3,625.8 | 16 | 1,961.7 | |
| 1987 | 110 | 9,702.4 | 53 | 4,758.5 | 38 | 3,161.4 | 19 | 1,782.4 | |
| 1988 | 117 | 11,435.2 | 56 | 6,141.7 | 40 | 3,620.8 | 21 | 1,672.6 | |
| 1989 | 120 | 11,662.2 | 56 | 6,769.6 | 43 | 3,536.3 | 21 | 1,356.3 | |
| 1990 | 119 | 8,737.1 | 58 | 5,551.6 | 43 | 2,549.2 | 18 | 636.3 | |
| 1991 | 138 | 12,968.2 | 86 | 8,785.5 | 28 | 2,586.3 | 24 | 1,596.4 | |
| 1992 | 142 | 15,912.0 | 89 | 11,171.1 | 30 | 2,772.8 | 23 | 1,968.1 | |
| 1993 | 189 | 32,158.7 | 135 | 26,081.9 | 32 | 3,398.5 | 22 | 2,678.2 | |
| 1994 | 226 | 44,306.0 | 175 | 38,812.0 | 29 | 2,502.7 | 22 | 2,991.3 | |
| 1995 | 219 | 57,541.3 | 178 | 49,913.0 | 24 | 3,395.4 | 17 | 4,232.9 | |
| 1996 | 199 | 88,776.3 | 166 | 78,302.0 | 20 | 4,778.6 | 13 | 5,695.8 | |
| 1997 | 211 | 140,533.8 | 176 | 127,825.3 | 26 | 7,370.3 | 9 | 5,338.2 | |
| 1998 | 210 | 138,301.4 | 173 | 126,904.5 | 28 | 6,480.7 | 9 | 4,916.2 | |
| 1999 | 203 | 124,261.9 | 167 | 118,232.7 | 26 | 4,441.7 | 10 | 1,587.5 | |
| 2000 | 189 | 138,715.4 | 158 | 134,431.0 | 22 | 1,632.0 | 9 | 2,652.4 | |
| 2001 | 182 | 154,898.6 | 151 | 147,092.1 | 22 | 3,990.5 | 9 | 3,816.0 | |
| 2002 | 176 | 161,937.3 | 149 | 151,271.5 | 20 | 7,146.4 | 7 | 3,519.4 | |
| 2003 | 171 | 224,211.9 | 144 | 204,800.4 | 20 | 14,186.5 | 7 | 5,225.0 | |
| 2004 | 193 | 307,894.7 | 153 | 275,291.0 | 33 | 25,964.3 | 7 | 6,639.4 | |
| 2005 | 197 | 330,691.3 | 152 | 301,491.0 | 37 | 23,393.7 | 8 | 5,806.6 | |
| 2006 | 183 | 438,071.1 | 138 | 400,741.4 | 38 | 29,195.3 | 7 | 8,134.3 | |
| 2007 | 152 | 312,009.0 | 118 | 288,694.6 | 29 | 19,054.1 | 5 | 4,260.3 | |
| 2008 | 136 | 191,651.0 | 113 | 176,237.7 | 20 | 14,280.5 | 3 | 1,132.9 | |
| 2009 | 142 | 271,199.2 | 115 | 248,355.2 | 23 | 22,103.2 | 4 | 740.8 | |
| 2010 | 153 | 389,295.4 | 126 | 358,908.2 | 27 | 30,387.2 | -- | -- | |
| 2011 | 160 | 450,500.6 | 130 | 407,528.9 | 30 | 42,971.7 | -- | -- | |
| 2012 | 172 | 603,415.3 | 139 | 544,414.9 | 33 | 59,000.3 | -- | -- | |
| 2013 | 202 | 670,334.1 | 161 | 608,276.6 | 41 | 62,057.4 | -- | -- | |
| 2014 | 216 | 907,425.5 | 177 | 846,410.3 | 39 | 61,017.2 | -- | -- | |
| 2015 | 233 | 938,852.0 | 182 | 886,487.5 | 41 | 52,364.6 | -- | -- | |
| 2016 | 224 | 1,018,729.9 | 184 | 960,192.8 | 40 | 58,537.1 | -- | -- | |
| 2017 | 222 | 1,133,697.6 | 181 | 1,065,947.7 | 41 | 67,749.9 | -- | -- | |
| 2018 | 226 | 1,047,641.3 | 186 | 980,314.9 | 40 | 67,326.4 | -- | -- | |
| 2019 | 219 | 1,328,806.2 | 179 | 1,245,878.3 | 40 | 82,927.8 | -- | -- | |
| 2020 | 223 | 1,249,186.3 | 182 | 1,184,150.2 | 41 | 65,036.1 | -- | -- | |
| 2021 | 217 | 1,740,277.3 | 175 | 1,664,523.5 | 42 | 75,753.8 | -- | -- | |
| 2022 | 206 | 1,270,683.7 | 162 | 1,214,822.8 | 44 | 55,860.8 | -- | -- | |
| 2023 | 197 | 1,374,220.8 | 156 | 1,313,735.0 | 41 | 60,485.8 | -- | -- | |
| 2024 | 196 | 1,424,145.9 | 156 | 1,368,437.8 | 40 | 55,708.1 | -- | -- | |
| 2025 | 195 | 1,439,499.0 | 155 | 1,374,122.4 | 40 | 63,376.6 | -- | -- | |
Note: The FTSE Nareit Hybrid REITs Index was discontinued on Dec. 17, 2010.