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
    12/31/2018, FTSE
    • Number of REITs
      25
    • Total Market Cap ($M)
      $87,180
    • Dividend Yield
      4.04%
    • YTD Total Return
      -14.50%
    • December Total Return
      -10.55%
    • 2017 Total Return
      5.25%
  • Quarterly Data
    • Q3 2018
      2017
    • FFO ($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.)
      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

  • Nareit Video
    12/14/2018

    Piedmont Office Says Improved Economic Environment Fueling Tenant Base Growth

    Piedmont’s Don Miller expects dispositions to continue.

     

  • Nareit Video
    12/11/2018

    Hudson Pacific CEO Says Tech, Media & Entertainment Demand “Never Been Stronger”

    CEO Victor Coleman says REIT seeing 4-10% market rent growth in core markets.

  • Nareit Video
    12/4/2018

    Physicians Realty Trust Says Medical Office Fundamentals “Very Viable”

    CEO John Thomas sees opportunity for external growth in 2019.

     

  • Nareit Video
    12/3/2018

    Alexandria Real Estate Equities Says Cluster Model Allows Life Science Firms to Thrive

    CFO Dean Shigenaga says REIT is helping its client tenants attract world-class talent.

  • Nareit Video
    11/28/2018

    Demand Growing in Washington, D.C., Office Market, Columbia Property CEO Says

    CEO Nelson Mills says new supply in nation’s capital is being absorbed.