REIT Industry Financial Snapshot (2024)

REIT Industry Monthly Data for March 2024

Industry Size

• FTSE Nareit All REITs equity market capitalization = $1.345 trillion
• FTSE Nareit All Equity REITs equity market capitalization = $1.284 trillion
• 194 REITs are in the FTSE Nareit All REITs Index.
• 158 REITs trade on the New York Stock Exchange.
• NYSE listed REITs equity market capitalization =$1.148 trillion

Dividends

Yield Comparison

• FTSE Nareit All REITs: 4.39%
• FTSE Nareit All Equity REITs: 4.06%
• S&P 500: 1.30%
• Listed REITs (equity REITs and mREITs) paid out approximately $63.1 billion and public non-listed REITs paid out approximately $6.1 billion in dividends during 2022.
• By market cap-weighted average, 70 percent of the annual dividends paid by REITs qualify as ordinary taxable income, 14percent qualify as return of capital and 16percent qualify as long-term capital gains in 2022.

Leverage and Coverage Ratios

(Balance sheet data as of Q4 2023)

All Equity REITs

• Debt Ratio: 33.2%
• Coverage Ratio: 4.1x

Average Daily Dollar Trading Volume

• March 2024: $8.7 billion
• March 2019: $7.6 billion
• March 2014: $5.0 billion

Data as of March 28, 2024, except where noted.

All data are derived from, and apply only to, listed U.S. REITs unless otherwise noted.

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