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
    3/31/2020, FTSE
    • Number of REITs
      20
    • Dividend Yield
      4.08%
    • YTD Total Return
      -28.04%
    • March Total Return
      -20.35%
    • 2020 Total Return
      -21.40%
  • Quarterly Data
    • Q4 2019
      2019
    • FFO ($M)
      Q4 2019: $1,823
      2019: $6,625
    • NOI ($M)
      Q4 2019: $2,347
      2019: $9,228
    • Dividends paid ($M)
      Q4 2019: $1,924
      2019: $5,325
    • SS NOI
      Q4 2019: 3.29%
      2019:
    • Occupancy Rate
      Q4 2019: 93.24%
  • Performance Details
    • Net Absorption (sq. ft.)
      13,961,994
    • Net Completions (sq. ft.)
      18,105,877
    • Occupancy Rate
      90.20%
    • Rent Growth YoY
      2.90%
    • Property Price Index over 5yrs
      27.43%

Office REITs

 

News about this sector

  • News Article
    3/26/2020

    Columbia Property Trust in “Good Shape” to Handle Economic Slowdown

    CEO Nelson Mills says asset quality is a “great mitigant to risk.”

  • Nareit Video
    2/18/2020

    Vornado Realty’s Daniel Egan on the Challenges of the Social Element of ESG

    Egan said the social element of ESG differs company by company.

  • Nareit Video
    2/18/2020

    Boston Properties’ Ben Myers on the Importance of Setting Clearly Defined Sustainability Goals

    Myers says goals communicate the intent of an organization.

  • REIT Magazine
    2/4/2020

    REIT ESG Leaders Raise the Bar

    Nareit’s 2019 Leader in the Light Awards winners are leading the way in ESG. 

  • Nareit Video
    1/15/2020

    Columbia Property Trust Transitions Portfolio to Focus on Three Key Markets

    CEO Nelson Mills said the company has drilled down to New York, San Francisco, and Washington, D.C., and will consider Boston in the future.