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
    4/30/2019, FTSE
    • Number of REITs
      23
    • Total Market Cap ($M)
      $103,658
    • Dividend Yield
      3.29%
    • YTD Total Return
      21.25%
    • April Total Return
      0.78%
    • 2018 Total Return
      -14.50%
  • Quarterly Data
    • Q4 2018
      2018
    • FFO ($M)
      Q4 2018: $1,585
      2018: $6,721
    • NOI ($M)
      Q4 2018: $2,365
      2018: $9,193
    • Dividends paid ($M)
      Q4 2018: $1,230
      2018: $4,128
    • SS NOI
      Q4 2018: 5.20%
      2018:
    • Occupancy Rate
      Q4 2018: 93.41%
  • 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

  • News Article
    3/25/2019

    Cousins Properties, TIER REIT to Merge

    Combined company will have total market cap of $7.8 billion.

  • REIT Magazine
    3/22/2019

    Diversified REIT W. P. Carey's New CEO Poised to Lead

    W. P. Carey's Jason Fox on company vision and culture.

  • REIT Magazine
    3/19/2019

    Diversified REIT JBG SMITH is Revitalizing National Landing for Amazon's HQ2

    JBG SMITH’s selection as the developer of Amazon’s Northern Virginia headquarters accelerates the REIT’s revitalization plans.

  • The REIT Report Podcast
    3/18/2019

    REITs Playing Key Role in Life Science Industry Momentum

    CBRE’s Ian Anderson says the life science industry is growing at its fastest pace in 18 years.

  • Nareit Video
    3/8/2019

    Nareit’s Real Estate Sustainability Council Focused on ESG Data, Disclosure, and Investor Perspectives

    Ari Frankel, 2019 chair, says REITs have been increasingly proactive in managing disclosures.