The equity market capitalization of the U.S. REIT industry broke the $1 trillion mark in the second quarter of 2016. On June 30, the 222 REITs in the FTSE NAREIT All REITs Index had a combined equity market capitalization of $1.06 trillion, up from a combined $984 billion for the 220 REITs in the same index at the end of the first quarter of the year.