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
    6/30/2019, FTSE
    • Number of REITs
      21
    • Total Market Cap ($M)
      $97,348
    • Dividend Yield
      3.44%
    • YTD Total Return
      16.32%
    • June Total Return
      -1.65%
    • 2018 Total Return
      -14.50%
  • Quarterly Data
    • Q1 2019
      2018
    • FFO ($M)
      Q1 2019: $1,705
      2018: $6,721
    • NOI ($M)
      Q1 2019: $2,335
      2018: $9,193
    • Dividends paid ($M)
      Q1 2019: $1,309
      2018: $4,128
    • SS NOI
      Q1 2019: 4.25%
      2018:
    • Occupancy Rate
      Q1 2019: 93.78%
  • Performance Details
    • Net Absorption (sq. ft.)
      7,166,220
    • Net Completions (sq. ft.)
      9,596,634
    • Occupancy Rate
      90.20%
    • Rent Growth YoY
      2.10%
    • Property Price Index over 5yrs
      32.10%

Office REITs

 

News about this sector

  • Nareit Video
    7/11/2019

    Seritage CEO Sees “Significant Opportunity” in Large Scale and Mixed-Use Development

    Benjamin Schall says REIT has prioritized assets with potential for significant densification.

  • Nareit Video
    6/26/2019

    Easterly Government Properties on Track for $200 Million in Acquisitions in 2019

    CEO William Trimble says goal is to deliver one build-to-suit project per year.

     

  • Nareit Video
    6/20/2019

    Boston Properties Taking a Resilient Approach to Growth

    CEO Owen Thomas says REIT is ensuring significant pre-leasing before starting development.

  • Nareit Video
    6/10/2019

    Boston Properties CEO Says ESG Success Driven by Passion, Commitment, and Teamwork

    CEO Owen Thomas says REIT is close to meeting New York’s 2024 emission goals.

     

  • News Article
    6/7/2019

    Office REITs Continue to See Growth Opportunities Across Variety of Markets

    REIT leasing trends supported by solid fundamentals.