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
    6/30/2020, FTSE
    • Number of REITs
      20
    • Dividend Yield
      4.00%
    • YTD Total Return
      -24.51%
    • June Total Return
      4.48%
    • 2020 Total Return
      -14.72%
  • 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

  • Nareit Video
    6/29/2020

    Piedmont Realty Trust Enacts New Operational Procedures for Building Reopenings

    CEO Brent Smith said the REIT’s team developed its “Returning to the Workplace” guide over the last few months.
  • Nareit Video
    6/29/2020

    Columbia Property Trust Incorporating ESG Principles Across Its Business and Goals

    CEO Nelson Mills said a healthy post-pandemic reentry for its tenants is key among its ESG priorities.

  • Nareit Video
    6/22/2020

    Boston Properties Releases Robust Health Security Strategic Plan

    CEO Owen Thomas says a task force included employees from across departments and regions, as well as external medical experts.

  • The REIT Report Podcast
    6/19/2020

    REITs Bolstered by Stimulus Measures, Functioning Capital Markets, & Broad Array of Financing Options

    AEW Capital Management’s Gina Szymanski expects niche REIT segments to be “incredibly resilient.”

  • Nareit Video
    6/11/2020

    Easterly Government Properties CEO Says Acquisition Pipeline “Larger than Usual”

    William Trimble expects REIT to exceed $200 million in acquisitions this year.