Public REIT
BASIC STATISTICS (August 2022)
-
FTSE Nareit All REIT Market Capitalization as of July 31, 2022
-
Constituents of FTSE Nareit All REITs Index.
Consists of:
22 Office REITs
13 Industrial REITs
35 Retail REITs
21 Residential REITs
18 Diversified REITs
16 Lodging/Resorts REITs
6 Self-storage REITs
15 Healthcare REITs
4 Timber REITs
6 Infrastructure REITs
2 Data Centers REITs
9 Specialty REITs
44 Mortgage REITs -
S&P 500: 1.47%
-
Average daily dollar trading volume
REITs have grown from a market cap of less than $1 billion in 1971 to a $1.5 trillion market cap sector in 2022. See image below. Please note that this number only reflects the market capitalization (the equity invested) and gross asset value is significantly higher than this amount.
Public REIT Index
FTSE NAREIT:
The most popular indices are FTSE Nareit US Real Estate Series, which includes: FTSE Nareit All REITs, FTSE Nareit Mortgage REITs, FTSE Nareit All Equity REITs, and FTSE Nareit Equity REIT. The first in the series includes all equity and mortgage REITs. If you’re using Yahoo Finance, you can type in ^FNAR for FTSE Nareit All REITs Index and ^FNER for FTSE Nareit All Equity REIT.
(Quick note: the difference between Nareit All Equity and Nareit Equity is that the latter does not include Infrastructure and Timber funds.)
See below the image of the index constituents.
Source: Nareit website (www.reit.com)
S&P Dow Jones
Dow Jones Equity All REIT Index is the equivalent of Nareit’s All Equity REIT. In order to be included in this index, a REIT must have a minimum of $200 million in market capitalization. There are other indexes published by S&P such as the ones that track global and U.S. technology REITs.
MSCI US REIT Index
The MSCI US REIT Index is a free float-adjusted market capitalization weighted index that is comprised of equity REITs.
INVESTMENT - ETFs
-
Focus: Broad Real Estate
Total Assets: $38 billion
Average Volume: ~4 millionHoldings: { Name | Ticker | % of ETF assets }
- Vangurard Real Estate II Index (VRTPX) [11.53%]
- American Tower Corp (AMT) [7.49%]
- Prologis Inc (PLD) [5.62%]
- Crown Castle International Corp (CCI) [4.69%]
- Equinix Inc (EQIX) [4.23%]
- Public Storage (PSA) [2.87%] -
Focus: Broad Real Estate
Total Assets: $6 billion
Average Volume: ~2 millionHoldings: { Name | Ticker | % of ETF assets }
American Tower Corp (AMT) [8.77%]
Prologis Inc (PLD) [6.31%]
Crown Castle International (CCI) [6.02%]
Equinix Inc (EQIX) [4.56%]
Public Storage (PSA) [3.29%]
Simon Property Group Inc. (SPG) [3.08%] -
Focus: Broad Real Estate
Total Assets: $5 billion
Average Volume: ~4 millionHoldings: { Name | Ticker | % of ETF assets }
American Tower Corp (AMT) [13.10%]
Prologis Inc (PLD) [9.43%]
Crown Castle International Corp (CCI) [8.99%]
Equinix Inc (EQIX) [7.67%]
Public Storage (PSA) {4.88%]
Simon Property Group Inc. (SPG) [4.57%] -
Focus: Residential Real Estate
Total Assets: $1 billion
Average Volume: ~ 100,000Holdings: { Name | Ticker | % of ETF assets }
Public Storage (PSA) [9.86%]
Welltower Inc (WELL) [7.59%]
AvalonBay Communities Inc (AVB) [6.64%]
Equity Residential (EQR) [6.48%]
Invitation Homes Inc (INVH) [4.83%]
Mid-America Apartment Communities (MAA) [4.79%]
Extra Space Storage Inc (EXR) [4.77%]