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 10/31/2018, FTSE
    • Number of REITs
      24
    • Total Market Cap ($M)
      $94,094
    • Dividend Yield
      3.55%
    • YTD Total Return
      -7.88%
    • October Total Return
      -5.05%
    • 2017 Total Return
      5.25%
  • Quarterly Data
    • Q2 2018
      2017
    • FFO ($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.)
      20,389,816
    • Net Completions (sq. ft.)
      9,630,235
    • Occupancy Rate
      90.00%
    • Rent Growth YoY
      2.20%
    • Property Price Index over 5yrs
      33.47%

Office REITs

 

News about this sector

  • News Article
    11/14/2018

    REITs Set to Gain from Amazon HQ2 Decision

    JBG SMITH seen as a clear winner; multifamily and retail REITs also likely to benefit.

     

  • The REIT Report Podcast
    11/5/2018

    Brookfield Portfolio Manager Favors High-Quality Malls, San Francisco Office

    Brookfield’s Bernhard Krieg also sees increased focus on Sunbelt markets.

     

  • REIT Magazine
    10/25/2018

    Boston Properties Achieves New Heights with Salesforce Tower

    Standing at 1,070 feet with 61 floors, “Salesforce Tower has already become synonymous with San Francisco and its skyline.”

  • The REIT Report Podcast
    9/27/2018

    Kilroy Realty Heading to Carbon Neutral Status by 2020

    Kilroy’s Sara Neff says industry has taken note of goal.

  • REIT Magazine
    9/13/2018

    REITs Meet Evolving Needs of Office Space Tenants

    Office REITs answer tenant demand for top-notch space.