REITs invest in the majority of real estate property types, including offices, apartment buildings, warehouses, retail centers, medical facilities, data centers, cell towers and hotels.
The REIT Industry Sustainability Report 2024 includes industry trends, REIT sustainability reporting data and analysis, as well as useful information on the publicly traded U.S. REIT industry’s primary sustainability, social responsibility, and governance practices.
REITs directly employed an estimated 331,000 FTE employees who earned $31.1 billion of labor income in the U.S.
At the end of 2023, U.S. public REITs owned an estimated 580,000 properties—up 1% from the previous year—and 15 million acres of timberland across the U.S.
REITworld 2024, scheduled for Nov. 18-21 in Las Vegas, NV, will bring together REIT management teams, investors, and analysts for topical sessions, one-on-one meetings, and networking.
For 60 years, Nareit has led the U.S. REIT industry by ensuring its members’ best interests are promoted by providing unparalleled advocacy, investor outreach, continuing education and networking.
The FTSE Nareit All Equity REITs Index rose 1.8% in March. Broader equity markets continued to outperform, as the Russell 1000 and Dow Jones U.S. Total Stock Market each rose 3.2%.
REITs are making great strides in ESG by working to enhance ESG data and disclosure.
The pandemic appears to be at a major turning point as vaccine production and distribution have hit stride. The economy will reach a major turning point soon afterwards, which will raise several issues for real estate and REITs.
The REITs’ stock market path through the recovery to date can be usefully described as three distinct periods.
Differences in cap rates capture the divergence that occurred between U.S. public and private real estate markets in 2022, with public real estate cap rates (REIT implied) higher than their private real estate counterparts (transaction and appraisal).
Most property sectors recorded small gains to increases in the high single-digits, led by timber REITs (8.3% total return) and specialty REITs (4.4% total return).
Nareit’s annual update of REIT property counts and estimated gross asset values by state and property sector is now available on the revamped REITs Across America website.
The sharp decline in REIT earnings reflects the record contraction in GDP in the second quarter. Economic activity hit bottom in April, however, and began rebounding over the past four months.
The FTSE Nareit All Equity REITs index was down 0.3% in terms of total return.
Across the various REIT sectors, there were seven property sectors with gains for the week, led by lodging/resorts with a total return of 7.6%.
The most visible sign of this lockdown is the collapse of sales transactions, which fell sharply as social distancing rules went into effect.
From 2016 to 2018, the jobs equivalent contribution from REITs is up an estimated 19.0%.
Conditions worsened significantly over the past week, both in terms of the expected economic impact of the disruptions to activity in response to the virus, and also in stock market returns.
Last week’s gain, which came after five consecutive weeks of downward moves, brought year-to-date returns to 27.1%.
In the second quarter of 2024, active managers increased allocations in the digital sectors and health care.
Over the past two decades, the structure of the economy has changed dramatically, and we see this most clearly in how work, shopping, and leisure are increasingly connected to the digital economy.