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 6/29/2018, FTSE
    • Number of REITs
      24
    • Total Market Cap ($M)
      $102,233
    • Dividend Yield
      3.12%
    • YTD Total Return
      -0.54%
    • June Total Return
      3.16%
    • 2017 Total Return
      5.25%
  • Quarterly Data
    • Q1 2018
      2017
    • FFO ($M)
      Q1 2018: $1,662
      2017: $6,355
    • NOI ($M)
      Q1 2018: $2,238
      2017: $9,186
    • Dividends paid ($M)
      Q1 2018: $1,055
      2017: $4,035
    • SS NOI
      Q1 2018: 3.50%
      2017:
    • Occupancy Rate
      Q1 2018: 91.58%
  • Performance Details
    • Net Absorption (sq. ft.)
      13,691,170
    • Net Completions (sq. ft.)
      16,229,225
    • Occupancy Rate
      89.70%
    • Rent Growth YoY
      1.70%
    • Property Price Index over 5yrs
      38.40%

Office REITs

 

News about this sector

  • 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.

  • Nareit Video
    6/25/2018

    Columbia Property Trust CEO Says San Francisco Market “Stronger Than Ever”

    CEO Nelson Mills sees continued liquidity in core markets.

  • Nareit Video
    6/25/2018

    American Assets Trust Seeing “Buoyant” Conditions in West Coast Office Markets

    CEO Ernest Rady says REIT focusing on improving existing assets.

  • Nareit Video
    6/21/2018

    Lexington Realty Expects to Accelerate Transition to Industrial Assets

    CEO T. Wilson Eglin says build-to-suit is important component of growth strategy.