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 12/29/2017, FTSE
    • Number of REITs
      24
    • Total Market Cap ($M)
      $105,076
    • Dividend Yield
      3.15%
    • YTD Total Return
      5.25%
    • December Total Return
      1.41%
    • 2016 Total Return
      13.17%
  • Quarterly Data
    • Q3 2017
      2016
    • FFO ($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.)
      10,324,459
    • Net Completions (sq. ft.)
      18,425,638
    • Occupancy Rate
      89.80%
    • Rent Growth YoY
      1.50%
    • Property Price Index over 5yrs
      43.54%

Office REITs

 

News about this sector

  • REIT Magazine
    1/23/2018

    Secondary Office Markets Leading the Way

    The momentum in office employment bodes well for the office property sector, including office REITs.

  • Nareit Video
    1/8/2018

    Fibra Mty Pursuing Strategic Goals in Mexico’s Office, Industrial Markets

    COO Javier Llaca Garcia says company follows REIT best practices.

  • Nareit Video
    1/5/2018

    Easterly Government Properties Adds VA, FBI Offices to Portfolio

    CEO William Trimble says REIT is largest owner of leased FBI facilities in U.S.

     

  • Nareit Video
    12/26/2017

    Boston Properties CEO Says Tenants Driving Demand for Mixed-Use Development

    Owen Thomas

    CEO Owen Thomas highlights goal of 25 percent growth in NOI by 2020.

  • Nareit Video
    12/26/2017

    Alexander & Baldwin Adapting to New REIT Status

    Christopher Benjamin

    CEO Christopher Benjamin says Hawaii-based REIT has concentrated its focus.