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

12/31/2022, Source: FTSE
Number of REITs
19
Dividend Yield
5.49%
YTD Total Return
-37.62%
December Total Return
-7.79%
2021 Total Return
22.00%

Quarterly Data

Source: Nareit T-Tracker
Q3 2022 2022
FFO ($M) $1,848 $5,393
NOI ($M) $2,685 $7,932
Dividends paid ($M) $1,122 $3,514
SS NOI 4.03%
Occupancy Rate 89.36%

Performance Details

As of Q3 2022, Source: CoStar Group, Inc
Net Absorption (sq. ft.)
10,774,797
Net Completions (sq. ft.)
40,446,659
Performance Occupancy Rate
87.73%
Rent Growth YoY
1.2%

List of Office REITs

1 Year Total Return Stock price
Administrador Fibra Mty, S.C.
FMTY14 MM | Monterrey Mexico | Office REITs
Not available
$0.00
Alexandria Real Estate Equities, Inc.
ARE | Pasadena United States | Office REITs
-10.56%
As of market close 02/03/2023
$170.82
American Strategic Investment Co.
NYC | New York United States | Office REITs
-86.49%
As of market close 02/03/2023
$11.88
Brandywine Realty Trust
BDN | Philadelphia United States | Office REITs
-41.31%
As of market close 02/03/2023
$7.08
BXP
BXP | Boston United States | Office REITs
-28.99%
As of market close 02/03/2023
$78.37
City Office REIT
CIO | Vancouver Canada | Office REITs
-38.40%
As of market close 02/03/2023
$10.05