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
    8/31/2020, FTSE
    • Number of REITs
      21
    • Dividend Yield
      4.11%
    • YTD Total Return
      -25.62%
    • August Total Return
      -2.88%
    • 2020 Total Return
      -17.58%
  • Quarterly Data
    • Q1 2020
      2019
    • FFO ($M)
      Q1 2020: $1,647
      2019: $6,615
    • NOI ($M)
      Q1 2020: $2,162
      2019: $9,226
    • Dividends paid ($M)
      Q1 2020: $962
      2019: $4,718
    • SS NOI
      Q1 2020: 3.29%
      2019:
    • Occupancy Rate
      Q1 2020: 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

  • The REIT Report Podcast
    9/25/2020

    Flexibility is Key to Future-Proof Commercial Real Estate for the Next Decade

    Real Estate of the Future CEO Nikki Greenberg calls for rethinking traditional uses of space.

  • REIT Magazine
    9/24/2020

    Pike & Rose Showcases Federal Realty’s Sustainability Credentials

    Federal Realty’s Pike & Rose mixed-use development confirms the REIT’s innovative approach to neighborhood creation.

  • News Article
    9/2/2020

    Kilroy Realty CEO Says COVID Accelerating Obsolescence of Older Office Assets

    John Kilroy says crisis has sped up the move to a touch-free office environment.

  • The REIT Report Podcast
    8/11/2020

    Boston, San Diego, San Francisco Continue to Top Life Science Venture Capital Investment

    JLL’s Audrey Symes says newer life science hotspots are also emerging on strong industry tailwinds.

  • REIT Magazine
    8/3/2020

    REITs Lend a Helping Hand During Pandemic

    REITs have stepped up in a variety of ways to help their employees, tenants, and communities during the coronavirus crisis.