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
    As of 1/31/2018, FTSE
    • Number of REITs
      24
    • Total Market Cap ($M)
      $99,796
    • Dividend Yield
      3.29%
    • YTD Total Return
      -3.82%
    • January Total Return
      -3.82%
    • 2017 Total Return
      5.25%
  • Quarterly Data
    • Q3 2017
      2016
    • FFO ($M)
      Q3 2017: $1,589
      2016: $6,281
    • NOI ($M)
      Q3 2017: $2,314
      2016: $9,382
    • Dividends paid ($M)
      Q3 2017: $914
      2016: $4,000
    • SS NOI
      Q3 2017: 4.30%
      2016:
    • Occupancy Rate
      Q3 2017: 91.60%
  • Performance Details
    • Net Absorption (sq. ft.)
      19,109,340
    • Net Completions (sq. ft.)
      16,975,022
    • Occupancy Rate
      89.70%
    • Rent Growth YoY
      1.60%
    • Property Price Index over 5yrs
      44.86%

Office REITs

 

News about this sector

  • Nareit Video
    2/20/2018

    Parkway Properties Increasing Waste Diversion Rates

    Parkway’s Daniele Horton says health and well-being a high priority.

  • Nareit Video
    2/15/2018

    Vornado Responding to New York’s Changing Energy Regulations

    Vornado’s Dan Egan highlights increased focus on carbon intensity of assets.

  • Nareit Video
    2/14/2018

    Office REIT Kilroy Formalizing Process for Sustainability Pilot Projects

    Kilroy’s Sara Neff sees growing role for air quality monitoring.

  • Nareit Video
    2/6/2018

    Boston Properties Executive Says Industry Moving Toward ESG Standardization

    Ben Myers

    Boston Properties’ Ben Myers sees variability on social, governance aspects.

  • Nareit Video
    2/1/2018

    Forest City Sustainability Executive Stresses Need for Local Community Engagement

    Forest City’s Jill Ziegler says REIT addressing health and wellness across portfolio.