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 8/31/2018, FTSE
    • Number of REITs
      24
    • Total Market Cap ($M)
      $103,305
    • Dividend Yield
      3.08%
    • YTD Total Return
      0.83%
    • August Total Return
      2.06%
    • 2017 Total Return
      5.25%
  • Quarterly Data
    • Q2 2018
      2017
    • FFO ($M)
      Q2 2018: $1,681
      2017: $6,355
    • NOI ($M)
      Q2 2018: $2,286
      2017: $9,186
    • Dividends paid ($M)
      Q2 2018: $911
      2017: $4,035
    • SS NOI
      Q2 2018: 1.60%
      2017:
    • Occupancy Rate
      Q2 2018: 92.00%
  • Performance Details
    • Net Absorption (sq. ft.)
      12,362,359
    • Net Completions (sq. ft.)
      13,156,916
    • Occupancy Rate
      89.80%
    • Rent Growth YoY
      1.80%
    • Property Price Index over 5yrs
      36.47%

Office REITs

 

News about this sector

  • REIT Magazine
    9/13/2018

    REITs Meet Evolving Needs of Office Space Tenants

    Office REITs answer tenant demand for top-notch space. 

  • REIT Magazine
    9/13/2018

    Reinventing the Ground Lease Concept

    Safety, Income & Growth’s Jay Sugarman discusses the art of separating the ownership of a building from its land. 
     

  • News Article
    7/31/2018

    Brookfield Agrees to Buy Forest City Realty in $11.4 Billion Deal

    Forest City says it has made “significant progress” in its transformation.

  • Nareit Video
    7/18/2018

    Green Street Says European Private Market Real Estate Returns Outpacing Local Bond Rates

    Green Street’s Cedrik Lachance says U.S. residential market “very attractively priced.”

  • Nareit Video
    7/2/2018

    Empire State Realty Seeing “Very Substantial” Mark-to-Market Rent Increases

    COO John Kessler says acquisitions can’t compete with redevelopment of portfolio.