Each month, Nareit provides a statistical snapshot of the overall REIT market. More detailed information is available in REIT indexes. 

REIT Industry Monthly Data for June 2024

Industry Size

  • FTSE Nareit All REITs equity market capitalization = $1.328 trillion
  • FTSE Nareit All Equity REITs equity market capitalization = $1.270 trillion
  • 192 REITs are in the FTSE Nareit All REITs Index.
  • 157 REITs trade on the New York Stock Exchange.
  • NYSE listed REITs equity market capitalization = $1.142 trillion

Dividends

Yield Comparison

  • FTSE Nareit All REITs: 4.48%
  • FTSE Nareit All Equity REITs: 4.13%
  • S&P 500: 1.27%
  • 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, 14 percent qualify as return of capital and 16 percent qualify as long-term capital gains in 2022.

Leverage and Coverage Ratios

(Balance sheet data as of Q1 2024)

All Equity REITs

  • Debt Ratio: 33.8%
  • Coverage Ratio: 4.5x

Average Daily Dollar Trading Volume

  • May 2024: $8.1 billion
  • May 2019: $8.2 billion
  • May 2014: $5.5 billion

Data as of Jun e28, 2024, except where noted.

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

Download the full data set