The FTSE Nareit All REITs index rose by about **** percent in 2023, which was less than the Nasdaq Composite, S&P 500, Russel 2000, and Dow Jones industrials indices. In the same period, the U.S. treasury 10-year note increased by **** percent. The FTSE EPRA/Nareit Global Real Estate Index is designed to track the performance of listed real estate companies worldwide.

The FTSE Nareit All Equity REITs index is a free-float adjusted, market capitalization-weighted index of equity real estate investment trusts (REITs) in the United States. As of December 2024, the market cap of the index was *** trillion U.S. dollars, up from *** trillion U.S. dollars in December 2021. To be included in the index, the 140 constituents have to have more than ** percent of total assets in qualifying real estate assets other than mortgages secured by real property. Infrastructure, residential, and retail real estate are the largest REIT segments: Retail real estate REITs had a market cap of *** billion U.S. dollars as of December 2024, while industrial had a market cap of almost ***** billion U.S. dollars. The number of REITs has remained fairly constant in recent years, but the market cap has increased notably.

REITs in the United States saw an annual total return of **** percent in 2023, according to the FTSE Nareit All Equity REITs index. Nevertheless, in 2022, the index had a negative total return of ** percent. Performance improved for all property types, except for diversified, free standing retail, and infrastructure. FTSE Nareit All Equity REITs index is a free-float adjusted, market capitalization-weighted index of equity REITs in the U.S. In 2023, the index included were 140 constituents, with more than 50 percent of total assets in qualifying real estate assets other than mortgages secured by real property. The number of REITs has remained fairly constant in recent years, but the market cap of the REITs sector has increased notably.

In 2023, real estate investment trusts (REITs) underperformed compared to other U.S. benchmarks such as S&P 500 and Nasdaq Composite. The 1-year total return of the FTSE Nareit All Equity REITs index, an index designed to track the performance of the equity REITs market, amounted to ***** percent. The Nasdaq Composite, which was the index with the best performance, had a **** times higher total return during the same period. On the longer run, REITs performed better. Over a 25-year period, the Nareit All Equity REITs index had a compound annual total return of **** percent - higher than any other benchmark.

U.S. REITs in the FTSE Nareit All Equity REITs index yielded between *** and ** percent dividend depending on the property type as of November 2023. Home financing REITs had the highest yield of ***** percent, compared to **** percent for all equity REITs. The FTSE Nareit All Equity REITs index is a free-float adjusted, market capitalization-weighted index of equity REITs in the U.S. In 2023, the it included were *** constituents, with more than ** percent of total assets in qualifying real estate assets other than mortgages secured by real property. The number of REITs has remained fairly constant in recent years, but the market cap has decreased in 2022..