- Real Estate›
- Property Services
Real estate investment trusts (REITs) offer investors an easy way to diversify their portfolio with real estate assets. REITs have proven to be a profitable investment vehicle that can compete with other stock indices, such as the S&P 500 and the Nasdaq Composite. Recently, the real estate market suffered higher interest rates, tightening lending conditions, and declining prices. As a result, the performance of the REITs market has worsened. But how has this affected different market segments?
Spotlight on the largest REIT markets and companies
The United States has the largest REIT market, but REITs are also a popular form of investment in other countries, such as Japan, Singapore, the United Kingdom, and Australia. In 2023, the U.S. REITs market had a market cap of close to 1.4 trillion U.S. dollars. That was over 10 times higher than the second-largest market – Japan. Another fact that demonstrates the dominance of the U.S. is that it is the home to the largest companies. Some of them include the industrial and logistics real estate firm ProLogis, the wireless and broadcast communications firm American Tower Corp, and the healthcare infrastructure firm Welltower. Outside the U.S., the largest company was Goodman Group – a Sydney-headquartered logistics and industrial real estate provider.
Which types of REITs perform best?
As REITs specialize in different asset classes, they are affected by shifts in demand for different property types. Breakthroughs in artificial intelligence and the growing demand for computing power have given rise to data center REITs, making them the only market segment trading at a premium to net asset value (NAV) in the United States as of February 2024. Conversely, office REITs, which suffered declining demand following the COVID-19 pandemic, traded at a discount to NAV, with the average market price of office REITs 25 percent below the net value of their assets. The office submarket has contracted notably since before the pandemic: Between 2019 and 2023, the aggregate market cap of U.S. office REITs more than halved. Industrial REITs stood at the other end of the spectrum, with an increase of 33 percent.
Despite a bumpy economic landscape, the REITs market is well positioned to head for recovery. Some of the factors aiding that recovery include an improvement in economic growth and the decrease in interest rates.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Published by Statista Research Department, Apr 24, 2024
Key insights
- Market cap of the largest REIT worldwide
- 111.58bn USD
Detailed statistics
Leading REITs worldwide 2024, by market cap
- Value of listed real estate market in North America
- 1.4tn USD
Detailed statistics
Global listed real estate market size 2023, by region
- Dividend yield of FTSE EPRA/Nareit Global Real Estate Index
- 4.3%
Detailed statistics
Dividend yield of FTSE EPRA/Nareit Global Real Estate Index 2019-2024, by region
Get more insights
Editor’s Picks Current statistics on this topic
Further recommended statistics
Overveiw
7
- Premium Statistic Global listed real estate market size 2023, by region
- Premium Statistic Leading REITs worldwide 2024, by market cap
- Premium Statistic Market cap FTSE EPRA Nareit Developed Europe index in Europe 2024, by country
- Premium Statistic Price to equity (PE) ratios of REITs worldwide 2020-2023, by country
- Premium Statistic Return rate of FTSE EPRA/Nareit Global Real Estate Index as of April 2024, by region
- Premium Statistic Dividend yield of FTSE EPRA/Nareit Global Real Estate Index 2019-2024, by region
- Premium Statistic FTSE Nareit All REITs index change compared to other investment types 2019-2023
Overveiw
- Premium Statistic Global listed real estate market size 2023, by region
Global listed real estate market size 2023, by region
Value of listed real estate market worldwide as of December 2023, by region (in billion U.S. dollars)
- Premium Statistic Leading REITs worldwide 2024, by market cap
Leading REITs worldwide 2024, by market cap
Leading real estate investment trusts (REITs) worldwide as of April 11, 2024, by market capitalization (in billion U.S. dollars)
- Premium Statistic Market cap FTSE EPRA Nareit Developed Europe index in Europe 2024, by country
Market cap FTSE EPRA Nareit Developed Europe index in Europe 2024, by country
Market capitalization of FTSE EPRA Nareit Developed Europe REIT and non-REITs index as of March 29, 2024, by country (in billion euros)
- Premium Statistic Price to equity (PE) ratios of REITs worldwide 2020-2023, by country
Price to equity (PE) ratios of REITs worldwide 2020-2023, by country
Price to equity (PE) ratios of real estate investment trusts (REITs) in selected markets worldwide from March 2020 to March 2023, by county
- Premium Statistic Return rate of FTSE EPRA/Nareit Global Real Estate Index as of April 2024, by region
Return rate of FTSE EPRA/Nareit Global Real Estate Index as of April 2024, by region
Return rate of FTSE EPRA/Nareit Global Real Estate Index as of April 10, 2024, by region
- Premium Statistic Dividend yield of FTSE EPRA/Nareit Global Real Estate Index 2019-2024, by region
Dividend yield of FTSE EPRA/Nareit Global Real Estate Index 2019-2024, by region
Dividend yield of FTSE EPRA/Nareit Global Real Estate Index from 2019 to April 2024, by region
- Premium Statistic FTSE Nareit All REITs index change compared to other investment types 2019-2023
FTSE Nareit All REITs index change compared to other investment types 2019-2023
Annual percentage change in the FTSE Nareit All REITs index compared to the U.S. treasury 10-year yield note and other indices from 2019 to 2023
The U.S. REITs market
9
- Premium Statistic Number of REITs in the U.S. 1975-2023
- Premium Statistic Market cap of REITs in the U.S. 2019-2023, by property type
- Premium Statistic REITs median premium to NAV in the U.S. 2019-2024, by property type
- Premium Statistic Total return REITs in the U.S. 2018-2023, by property type
- Premium Statistic Dividend yield REITs in the U.S. 2019-2023, by property type
- Premium Statistic Total return of the 50 largest REITs in the U.S. 2023
- Premium Statistic Debt ratio of the 50 largest REITs in the U.S. 2023
- Premium Statistic FFO growth estimate of the 50 largest REITs in the U.S. 2023-2024
- Premium Statistic Price to FFO ratio of the 50 largest REITs in the U.S. 2022-2023
The U.S. REITs market
- Premium Statistic Number of REITs in the U.S. 1975-2023
Number of REITs in the U.S. 1975-2023
Number of real estate investment trusts (REITs) in the United States from 1975 to 2023
- Premium Statistic Market cap of REITs in the U.S. 2019-2023, by property type
Market cap of REITs in the U.S. 2019-2023, by property type
Market cap of real estate investment trusts (REITs) in the United States from 2019 to 2023, by property type (in billion U.S. dollars)
- Premium Statistic REITs median premium to NAV in the U.S. 2019-2024, by property type
REITs median premium to NAV in the U.S. 2019-2024, by property type
Median premium or discount to net asset value (NAV) of real estate investment trust (REIT) in the United States from February 2019 to February 2024, by property type
- Premium Statistic Total return REITs in the U.S. 2018-2023, by property type
Total return REITs in the U.S. 2018-2023, by property type
Total return of real estate investment trusts (REITs) in the United States from 2018 to 2023, by property type
- Premium Statistic Dividend yield REITs in the U.S. 2019-2023, by property type
Dividend yield REITs in the U.S. 2019-2023, by property type
Dividend yield of real estate investment trusts (REITs) in the United States from 2019 to November 2023, by property type
- Premium Statistic Total return of the 50 largest REITs in the U.S. 2023
Total return of the 50 largest REITs in the U.S. 2023
Total return of the 50 largest real estate investment trusts (REITs) in the United States as of November 2023
- Premium Statistic Debt ratio of the 50 largest REITs in the U.S. 2023
Debt ratio of the 50 largest REITs in the U.S. 2023
Debt ratio of the 50 largest real estate investment trusts (REITs) in the United States as of November 2023
- Premium Statistic FFO growth estimate of the 50 largest REITs in the U.S. 2023-2024
FFO growth estimate of the 50 largest REITs in the U.S. 2023-2024
Funds from operation (FFO) growth estimate of the 50 largest real estate investment trusts (REITs) in the United States from 2023 to 2024
- Premium Statistic Price to FFO ratio of the 50 largest REITs in the U.S. 2022-2023
Price to FFO ratio of the 50 largest REITs in the U.S. 2022-2023
Price to funds from operation (P/FFO) ratio estimate of the 50 largest real estate investment trusts (REITs) in the United States from 2022 to 2023
Market size
9
- Premium Statistic Market cap of the REITs market in Japan 2019-2023, per quarter
- Premium Statistic Market cap of the REITs market in Singapore 2019-2023, per quarter
- Premium Statistic Market cap of REITs in the UK 2019-2023, per quarter
- Premium Statistic Market cap of the REITs market in Australia 2019-2023, per quarter
- Premium Statistic Market cap of the REITs market in Canada 2019-2023, per quarter
- Premium Statistic Market cap of the REITs market in France 2019-2023, per quarter
- Premium Statistic Market cap of the REITs market in Hong Kong 2019-2023, per quarter
- Premium Statistic Market cap of the REITs market in Belgium 2019-2023, per quarter
- Premium Statistic Market cap of the REITs market in Mexico 2019-2023, per quarter
Market size
- Premium Statistic Market cap of the REITs market in Japan 2019-2023, per quarter
Market cap of the REITs market in Japan 2019-2023, per quarter
Market capitalization of real estate investment trusts (REITs) in Japan from March 2019 to December 2023 (in billion U.S. dollars)
- Premium Statistic Market cap of the REITs market in Singapore 2019-2023, per quarter
Market cap of the REITs market in Singapore 2019-2023, per quarter
Market capitalization of real estate investment trusts (REITs) in Singapore from 1st quarter 2019 to 4th quarter 2023 (in billion U.S. dollars)
- Premium Statistic Market cap of REITs in the UK 2019-2023, per quarter
Market cap of REITs in the UK 2019-2023, per quarter
Market capitalization of real estate investment trusts (REITs) in the United Kingdom (UK) from March 2019 to December 2023 (in billion U.S. dollars)
- Premium Statistic Market cap of the REITs market in Australia 2019-2023, per quarter
Market cap of the REITs market in Australia 2019-2023, per quarter
Market capitalization of real estate investment trusts (REITs) in Australia from March 2019 to December 2023 (in billion U.S. dollars)
- Premium Statistic Market cap of the REITs market in Canada 2019-2023, per quarter
Market cap of the REITs market in Canada 2019-2023, per quarter
Market capitalization of real estate investment trusts (REITs) in Canada from March 2019 to December 2023 (in billion U.S. dollars)
- Premium Statistic Market cap of the REITs market in France 2019-2023, per quarter
Market cap of the REITs market in France 2019-2023, per quarter
Market capitalization of real estate investment trusts (REITs) in France from March 2019 to December 2023 (in billion U.S. dollars)
- Premium Statistic Market cap of the REITs market in Hong Kong 2019-2023, per quarter
Market cap of the REITs market in Hong Kong 2019-2023, per quarter
Market capitalization of real estate investment trusts (REITs) in Hong Kong from March 2019 to December 2023 (in billion U.S. dollars)
- Premium Statistic Market cap of the REITs market in Belgium 2019-2023, per quarter
Market cap of the REITs market in Belgium 2019-2023, per quarter
Market capitalization of real estate investment trusts (REITs) in Belgium from March 2019 to December 2023 (in billion U.S. dollars)
- Premium Statistic Market cap of the REITs market in Mexico 2019-2023, per quarter
Market cap of the REITs market in Mexico 2019-2023, per quarter
Market capitalization of real estate investment trusts (REITs) in Mexico from March 2019 to December 2023 (in billion U.S. dollars)
Largest REITs
10
- Premium Statistic KPIs of the largest real estate investment trusts (REITs) in Japan 2024
- Premium Statistic KPIs of the largest real estate investment trusts (REITs) in Singapore 2024
- Premium Statistic KPIs of the largest real estate investment trusts (REITs) in the UK 2024
- Premium Statistic KPIs of the largest real estate investment trusts (REITs) in Australia 2024
- Premium Statistic KPIs of the largest real estate investment trusts (REITs) in Canada 2024
- Premium Statistic KPIs of the largest real estate investment trusts (REITs) in France 2024
- Premium Statistic KPIs of the largest real estate investment trusts (REITs) in Hong Kong 2024
- Premium Statistic KPIs of the largest real estate investment trusts (REITs) in Belgium 2024
- Premium Statistic KPIs of the largest real estate investment trusts (REITs) in Mexico 2024
- Premium Statistic KPIs of the largest real estate investment trusts (REITs) in the Netherlands 2024
Largest REITs
- Premium Statistic KPIs of the largest real estate investment trusts (REITs) in Japan 2024
KPIs of the largest real estate investment trusts (REITs) in Japan 2024
Key performance indicators (KPIs) of the largest real estate investment trusts by market cap in Japan in 2024
- Premium Statistic KPIs of the largest real estate investment trusts (REITs) in Singapore 2024
KPIs of the largest real estate investment trusts (REITs) in Singapore 2024
Key performance indicators (KPIs) of the largest real estate investment trusts by market cap in Singapore in 2024
- Premium Statistic KPIs of the largest real estate investment trusts (REITs) in the UK 2024
KPIs of the largest real estate investment trusts (REITs) in the UK 2024
Key performance indicators (KPIs) of the largest real estate investment trusts by market cap in the United Kingdom (UK) in 2024
- Premium Statistic KPIs of the largest real estate investment trusts (REITs) in Australia 2024
KPIs of the largest real estate investment trusts (REITs) in Australia 2024
Key performance indicators (KPIs) of the largest real estate investment trusts by market cap in Australia in 2024
- Premium Statistic KPIs of the largest real estate investment trusts (REITs) in Canada 2024
KPIs of the largest real estate investment trusts (REITs) in Canada 2024
Key performance indicators (KPIs) of the largest real estate investment trusts by market cap in Canada in 2024
- Premium Statistic KPIs of the largest real estate investment trusts (REITs) in France 2024
KPIs of the largest real estate investment trusts (REITs) in France 2024
Key performance indicators (KPIs) of the largest real estate investment trusts by market cap in France in 2024
- Premium Statistic KPIs of the largest real estate investment trusts (REITs) in Hong Kong 2024
KPIs of the largest real estate investment trusts (REITs) in Hong Kong 2024
Key performance indicators (KPIs) of the largest real estate investment trusts by market cap in Hong Kong in 2024
- Premium Statistic KPIs of the largest real estate investment trusts (REITs) in Belgium 2024
KPIs of the largest real estate investment trusts (REITs) in Belgium 2024
Key performance indicators (KPIs) of the largest real estate investment trusts by market cap in Belgium in 2024
- Premium Statistic KPIs of the largest real estate investment trusts (REITs) in Mexico 2024
KPIs of the largest real estate investment trusts (REITs) in Mexico 2024
Key performance indicators (KPIs) of the largest real estate investment trusts (REITs) by market cap in Mexico in 2024
- Premium Statistic KPIs of the largest real estate investment trusts (REITs) in the Netherlands 2024
KPIs of the largest real estate investment trusts (REITs) in the Netherlands 2024
Key performance indicators (KPIs) of the largest real estate investment trusts by market cap in the Netherlands in 2024
PE ratios and forecast by segment
10
- Premium Statistic PE ratios and earnings growth forecast of REITs in Japan in 2024, by market
- Premium Statistic PE ratios and earnings growth forecast of REITs in Singapore in 2024, by market
- Premium Statistic PE ratios and earnings growth forecast of REITs in Great Britain in 2024, by market
- Premium Statistic PE ratios and earnings growth forecast of REITs in Australia in 2024, by market
- Premium Statistic PE ratios and earnings growth forecast of REITs in Canada in 2024, by market
- Premium Statistic PE ratios and earnings growth forecast of REITs in France in 2024, by market
- Premium Statistic PE ratios and earnings growth forecast of REITs in Hong Kong in 2024, by market
- Premium Statistic PE ratios and earnings growth forecast of REITs in Belgium in 2024, by market
- Premium Statistic PE ratios and earnings growth forecast of REITs in Mexico in 2024, by market
- Premium Statistic PE ratios and earnings growth forecast of REITs in the Netherlands in 2023, by market
PE ratios and forecast by segment
- Premium Statistic PE ratios and earnings growth forecast of REITs in Japan in 2024, by market
PE ratios and earnings growth forecast of REITs in Japan in 2024, by market
Price to equity (PE) ratios and annual earnings growth forecast of real estate investment trusts (REITs) in Japan as of March 2024, by market segment
- Premium Statistic PE ratios and earnings growth forecast of REITs in Singapore in 2024, by market
PE ratios and earnings growth forecast of REITs in Singapore in 2024, by market
Price to equity (PE) ratios and annual earnings growth forecast of real estate investment trusts (REITs) in Singapore as of March 2024, by market segment
- Premium Statistic PE ratios and earnings growth forecast of REITs in Great Britain in 2024, by market
PE ratios and earnings growth forecast of REITs in Great Britain in 2024, by market
Price to equity (PE) ratios and annual earnings growth forecast of real estate investment trusts (REITs) in Great Britain as of March 2024, by market segment
- Premium Statistic PE ratios and earnings growth forecast of REITs in Australia in 2024, by market
PE ratios and earnings growth forecast of REITs in Australia in 2024, by market
Price to equity (PE) ratios and annual earnings growth forecast of real estate investment trusts (REITs) in Australia as of March 2024, by market segment
- Premium Statistic PE ratios and earnings growth forecast of REITs in Canada in 2024, by market
PE ratios and earnings growth forecast of REITs in Canada in 2024, by market
Price to equity (PE) ratios and annual earnings growth forecast of real estate investment trusts (REITs) in Canada as of March 2024, by market segment
- Premium Statistic PE ratios and earnings growth forecast of REITs in France in 2024, by market
PE ratios and earnings growth forecast of REITs in France in 2024, by market
Price to equity (PE) ratios and annual earnings growth forecast of real estate investment trusts (REITs) in France as of March 2024, by market segment
- Premium Statistic PE ratios and earnings growth forecast of REITs in Hong Kong in 2024, by market
PE ratios and earnings growth forecast of REITs in Hong Kong in 2024, by market
Price to equity (PE) ratios and annual earnings growth forecast of real estate investment trusts (REITs) in Hong Kong as of March 2024, by market segment
- Premium Statistic PE ratios and earnings growth forecast of REITs in Belgium in 2024, by market
PE ratios and earnings growth forecast of REITs in Belgium in 2024, by market
Price to equity (PE) ratios and annual earnings growth forecast of real estate investment trusts (REITs) in Belgium as of March 2024, by market segment
- Premium Statistic PE ratios and earnings growth forecast of REITs in Mexico in 2024, by market
PE ratios and earnings growth forecast of REITs in Mexico in 2024, by market
Price to equity (PE) ratios and annual earnings growth forecast of real estate investment trusts (REITs) in Mexico as of March 2024, by market segment
- Premium Statistic PE ratios and earnings growth forecast of REITs in the Netherlands in 2023, by market
PE ratios and earnings growth forecast of REITs in the Netherlands in 2023, by market
Price to equity (PE) ratios and annual earnings growth forecast of real estate investment trusts (REITs) in the Netherlands as of March 2023, by market segment