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
    8/31/2019, FTSE
    • Number of REITs
      21
    • Total Market Cap ($M)
      $99,578
    • Dividend Yield
      3.31%
    • YTD Total Return
      19.33%
    • August Total Return
      -0.99%
    • 2018 Total Return
      -14.50%
  • Quarterly Data
    • Q2 2019
      2018
    • FFO ($M)
      Q2 2019: $1,580
      2018: $6,591
    • NOI ($M)
      Q2 2019: $2,282
      2018: $9,092
    • Dividends paid ($M)
      Q2 2019: $895
      2018: $4,075
    • SS NOI
      Q2 2019: 4.85%
      2018:
    • Occupancy Rate
      Q2 2019: 93.91%
  • Performance Details
    • Net Absorption (sq. ft.)
      23,730,830
    • Net Completions (sq. ft.)
      15,870,165
    • Occupancy Rate
      90.40%
    • Rent Growth YoY
      2.30%
    • Property Price Index over 5yrs
      34.32%

Office REITs

 

News about this sector

  • The REIT Report Podcast
    9/6/2019

    Former Highwoods CEO Ed Fritsch Looks Back on Three-Plus Decades at Office REIT

    Fritsch, a former Nareit chair, says market rotation plan will strengthen long-term growth opportunities.

  • Nareit Video
    7/24/2019

    Life Science Real Estate a “Natural Extension” of Kilroy Realty’s Portfolio

    CEO John Kilroy says the REIT is active in three of the four largest West Coast life science markets.

  • Nareit Video
    7/24/2019

    Redevelopment Central to Empire State Realty Trust’s Strategy

    CEO John Kessler says the REIT’s redevelopment strategy has led to 5.5% net effective rent growth over the past year.

  • REIT Magazine
    7/24/2019

    How Kilroy Realty is Lighting the Way for ESG Progress

    Kilroy Realty is looking for emerging technologies that improve the environmental performance of its own portfolio and accelerate change in the broader real estate industry. 
     

  • REIT Magazine
    7/23/2019

    Hudson Pacific's Creative Office Space Concept for Netflix

    CEO Victor Coleman discusses how the office REIT supports West Coast tech and media elite.