Office REITs own and manage office real estate and rent space in those properties to tenants. Those properties can range from skyscrapers to office parks. Some office REITs focus on specific types of markets, such as central business districts or suburban areas. Some emphasize specific classes of tenants, such as government agencies or biotech firms. 

Companies such as Amazon and Salesforce use office buildings owned by REITs. 

Who invests in Office REITs?

Along with individuals who invest in REITs either directly or through Thrift Savings Plans (TSPs), 401ks, etc., institutional investors such as pension funds, endowments, foundations, insurance companies, and bank departments also invest in REITs.

How to Invest in Office REITs

There are currently 19 office REITs listed on the FTSE Nareit US Real Estate Indexes. Many investors acquire shares in these REITs via REIT mutual funds or exchange-traded funds (ETFs), but individuals can also invest directly in an office REIT with the help of a broker

Overview

4/30/2024, Source: FTSE
Number of REITs
19
Dividend Yield
5.41%
YTD Total Return
-7.37%
April Total Return
-6.91%
2023 Total Return
2.03%

Quarterly Data

Source: Nareit T-Tracker
Q1 2024 2024
FFO ($M) $1,915 $1,915
NOI ($M) $2,717 $2,717
Dividends paid ($M) $1,374 $1,374
SS NOI -0.94%
Occupancy Rate 87.71%

Performance Details

As of Q1 2024, Source: CoStar Group, Inc
Net Absorption (sq. ft.)
-56,290,895
Net Completions (sq. ft.)
36,685,329
Performance Occupancy Rate
86.26%
Rent Growth YoY
0.8%

List of Office

1 Year Total Return Stock price
Administrador Fibra Mty, S.C.
FMTY14 MM | Monterrey Mexico | Office
Not available
$0.00
Alexandria Real Estate Equities, Inc.
ARE | Pasadena United States | Office
4.82%
$118.59
American Strategic Investment Co.
NYC | New York United States | Office
-3.26%
$8.22
Brandywine Realty Trust
BDN | Philadelphia United States | Office
38.02%
$4.59
BXP
BXP | Boston United States | Office
25.06%
$59.76
City Office REIT
CIO | Dallas United States | Office
0.49%
$4.71