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
    10/31/2019, FTSE
    • Number of REITs
      20
    • Total Market Cap ($M)
      $104,197
    • Dividend Yield
      3.11%
    • YTD Total Return
      27.89%
    • October Total Return
      4.12%
    • 2018 Total Return
      -14.50%
  • Quarterly Data
    • Q2 2019
      2018
    • FFO ($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.)
      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

  • News Article
    11/15/2019

    REITs Looking Ahead on ESG Matters

    REITworld: 2019 panel say talent, data, diversity & inclusion, and scale are issues to watch.

  • REIT Magazine
    11/6/2019

    Office Demand Still Exceeding New Supply

    Demand for office space has grown more slowly as a result of changes in the office sector.

  • REIT Magazine
    11/4/2019

    Renovating Four REIT-owned Landmarks

    Four notable REIT-owned properties undergo makeovers to enhance their market appeal.

  • 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.