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
    12/31/2019, FTSE
    • Number of REITs
      20
    • Total Market Cap ($M)
      $106,927
    • Dividend Yield
      3.11%
    • YTD Total Return
      31.42%
    • December Total Return
      1.51%
    • 2019 Total Return
      31.42%
  • Quarterly Data
    • Q3 2019
      2018
    • FFO ($M)
      Q3 2019: $1,519
      2018: $6,591
    • NOI ($M)
      Q3 2019: $2,296
      2018: $9,092
    • Dividends paid ($M)
      Q3 2019: $900
      2018: $4,075
    • SS NOI
      Q3 2019: 3.29%
      2018:
    • Occupancy Rate
      Q3 2019: 93.24%
  • Performance Details
    • Net Absorption (sq. ft.)
      12,411,532
    • Net Completions (sq. ft.)
      12,587,160
    • Occupancy Rate
      90.30%
    • Rent Growth YoY
      2.38%
    • Property Price Index over 5yrs
      34.65%

Office REITs

 

News about this sector

  • 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.

  • Nareit Video
    1/13/2020

    Piedmont Office Realty Trust Focused on Employee Collaboration

    New CEO Brent Smith also says WeWork deal is in response to customer demands.

  • Nareit Video
    1/10/2020

    Corporate Office Properties Trust Surpasses Multiple Company Leasing Records

    CEO Stephen Budorick said the REIT had record development and government leasing business in 2019.

  • Nareit Video
    11/26/2019

    Boston Properties CEO Says 2019 Leasing Volumes Ahead of 5-Year Average

    Owen Thomas says REIT pursuing a variety of shared workspace opportunities.

  • The REIT Report Podcast
    11/25/2019

    REIT Investors Eyeing Cash Flow Growth, Dividend Growth, Value Creation

    Stifel’s John Guinee says 90%-95% of REIT balance sheets are in “excellent shape.”