Office REITs

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.

  • Overview
    As of 4/30/2018, FTSE
    • Number of REITs
      24
    • Total Market Cap ($M)
      $97,036
    • Dividend Yield
      3.28%
    • YTD Total Return
      -6.56%
    • April Total Return
      0.75%
    • 2017 Total Return
      5.25%
  • Quarterly Data
    • Q4 2017
      2017
    • FFO ($M)
      Q4 2017: $1,541
      2017: $6,369
    • NOI ($M)
      Q4 2017: $2,265
      2017: $9,205
    • Dividends paid ($M)
      Q4 2017: $898
      2017: $4,045
    • SS NOI
      Q4 2017: 2.77
      2017:
    • Occupancy Rate
      Q4 2017: 91.86
  • Performance Details
    • Net Absorption (sq. ft.)
      13,691,170
    • Net Completions (sq. ft.)
      16,229,225
    • Occupancy Rate
      89.70%
    • Rent Growth YoY
      1.70%
    • Property Price Index over 5yrs
      38.40%

Office REITs

 

News about this sector

  • REIT Magazine
    5/9/2018

    For American Assets Trust, West is Best

    American Assets Trust, Inc. has stuck to a core tenet since its initial public offering in 2011—that West Coast and Hawaii-focused investment is key to building wealth in real estate.

  • REIT Magazine
    3/15/2018

    New Focus Fuels Office REIT Columbia’s Comeback

    Office REIT Columbia Property Trust narrows focus to New York, San Francisco and Washington.

  • Nareit Video
    2/20/2018

    Parkway Properties Increasing Waste Diversion Rates

    Parkway’s Daniele Horton says health and well-being a high priority.

  • Nareit Video
    2/15/2018

    Vornado Responding to New York’s Changing Energy Regulations

    Vornado’s Dan Egan highlights increased focus on carbon intensity of assets.

  • Nareit Video
    2/14/2018

    Office REIT Kilroy Formalizing Process for Sustainability Pilot Projects

    Kilroy’s Sara Neff sees growing role for air quality monitoring.