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
    2/28/2019, FTSE
    • Number of REITs
      23
    • Total Market Cap ($M)
      $100,296
    • Dividend Yield
      3.23%
    • YTD Total Return
      16.87%
    • February Total Return
      2.05%
    • 2018 Total Return
      -14.50%
  • Quarterly Data
    • Q3 2018
      2017
    • FFO ($M)
      Q3 2018: $1,832
      2017: $6,355
    • NOI ($M)
      Q3 2018: $2,311
      2017: $9,186
    • Dividends paid ($M)
      Q3 2018: $930
      2017: $4,035
    • SS NOI
      Q3 2018: 4.50%
      2017:
    • Occupancy Rate
      Q3 2018: 93.04%
  • Performance Details
    • Net Absorption (sq. ft.)
      18,299,014
    • Net Completions (sq. ft.)
      8,620,493
    • Occupancy Rate
      90.20%
    • Rent Growth YoY
      2.00%
    • Property Price Index over 5yrs
      29.60%

Office REITs

 

News about this sector

  • REIT Magazine
    3/19/2019

    Diversified REIT JBG SMITH is Revitalizing National Landing for Amazon's HQ2

    JBG SMITH’s selection as the developer of Amazon’s Northern Virginia headquarters accelerates the REIT’s revitalization plans.

  • Nareit Video
    3/8/2019

    Nareit’s Real Estate Sustainability Council Focused on ESG Data, Disclosure, and Investor Perspectives

    Ari Frankel, 2019 chair, says REITs have been increasingly proactive in managing disclosures.

  • Nareit Video
    3/7/2019

    Environmental Sustainability and Social Responsibility Key Focus Areas for Life Science REIT Alexandria

    Alexandria’s Ari Frankel says the pool of green capital continues to grow.

  • Nareit Video
    3/1/2019

    Boston Properties’ Sustainability Strategy Earns Top Rating

    Director of Sustainability Ben Myers says ESG leadership takes both humility and confidence.

  • Nareit Video
    2/22/2019

    Kilroy Realty Sees Broader Regionality Requirement for Power Purchase Agreements

    Kilroy’s Sara Neff says looking broadly for the right deal is “critical.”