REITs in the United States saw an annual total return of 11.4 percent in 2023, according to the FTSE Nareit All Equity REITs index. Nevertheless, in 2022, the index had a negative total return of 25 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 11.36 percent. The Nasdaq Composite, which was the index with the best performance, had a four 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 9.47 percent - higher than any other benchmark.

Real Estate Investment Trusts (REITs) are companies which are listed on the stock market and facilitate direct real estate investment. REITs usually distribute at least 90 percent of its taxable income to shareholders and in return pay no corporate tax. Not all public real estate investment companies are located in countries with REIT legislation and not all choose to opt for REIT status. These companies are referred to as non-REITs.
Between 2010 and 2019, the FTSE EPRA Nareit Developed Europe REIT and non-REIT index total annual return fluctuated, with 2019 scoring the highest annual return at 32.2 percent for REITs and 26.9 percent for non-REITS. The year with the lowest annual return for REITs was 2018 at -16 percent. In the same year, non-REITs saw a return of 3.7 percent.

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REIT Market Size 2025-2029

The reit market size is forecast to increase by USD 372.8 billion at a CAGR of 3% between 2024 and 2029.

The market is experiencing significant growth driven by the increasing global demand for warehousing and storage facilities, particularly in response to the e-commerce sector's continued expansion. This trend is further accentuated by the emergence of self-storage as a service, providing investors with attractive returns and meeting the evolving needs of consumers. However, the market also faces challenges, including intense competition and the need for vertical integration to remain competitive. E-commerce giants are increasingly investing in their logistics capabilities, creating a more complex and dynamic market landscape. To capitalize on these opportunities, companies must stay agile and adapt to changing consumer preferences and market conditions. Strategic partnerships, innovation, and operational efficiency will be key differentiators for success in this competitive market.

What will be the Size of the REIT Market during the forecast period?

Request Free SampleThe Real Estate Investment Trust (REIT) market represents a significant segment of the investment landscape, offering income-producing opportunities through commercial real estate. REITs are publicly traded entities that enable investors to access the benefits of owning and operating income-generating commercial properties without the operational burdens. Both traded and non-traded REITs are available, each with unique features and eligibility criteria. The market is characterized by its sizeable presence, with numerous entities focusing on various commercial property sectors, including equity, mortgage, hybrid, and private REITs. These entities provide investors with dividend yields, capital appreciation potential, and diversification benefits. However, investing in REITs involves risks, including liquidity concerns, share value transparency, conflicts of interest, and potential fraud. Investors should carefully consider these factors, along with fees, taxes, and broker or financial adviser relationships, when constructing their investment portfolios. REITs offer investors regular income through rental yields and potential capital gains. Dividend income and equity appreciation make REITs an attractive option for those seeking income and growth. However, investors should be aware of taxation implications, including eligibility criteria and capital gains taxes. Investors should consult with their financial advisers to understand the risks and benefits of REITs and to determine whether they align with their investment objectives and risk tolerance. Ultimately, REITs provide a valuable opportunity for investors seeking income and growth in the commercial real estate sector.

How is this REIT Industry segmented?

The reit industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TypeIndustrialCommercialResidentialApplicationWarehouses and communication centersSelf-storage facilities and data centersOthersProduct TypeTriple netDouble netModified gross leaseFull servicePercentageGeographyNorth AmericaUSCanadaAPACChinaIndiaJapanSingaporeEuropeFranceGermanyItalyUKSouth AmericaMiddle East and Africa

By Type Insights

The industrial segment is estimated to witness significant growth during the forecast period.The market experienced notable growth in the industrial sector in 2024, driven by the increasing demand for commercial real estate, particularly warehousing space. The COVID-19 pandemic accelerated this trend as online sales d, necessitating more warehouse space for inventory storage. Industrial companies have responded by leasing additional warehouses to meet occupancy and rental rate demands. Furthermore, e-commerce companies are establishing warehouses and fulfillment centers near metropolitan areas to cater to growing online consumer bases. These factors create significant expansion opportunities for industrial REITs, including Equity, Mortgage, and Hybrid types, thereby fueling market growth. Publicly traded and non-traded REITs offer investors diverse investment portfolio options, providing both dividend income and capital appreciation potential. Transparent share value and dividend yields, professional management, and regular income make REITs an attractive asset allocation choice for investors seeking diversification and emergency liquidity.

Get a glance at the market report of share of various segments Request Free Sample

The Industrial segment was valued at USD 1525.50 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 63% to the growth of the global market during t

National Storage REIT stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.

Graph and download economic data for Mortgage Real Estate Investment Trusts; Security Repurchase Agreements; Liability, Level (BOGZ1FL642151073A) from 1945 to 2023 about REIT, repurchase agreements, mortgage, liabilities, securities, and USA.

According to Cognitive Market Research, the global Real Estate Investment Trusts Reits market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The industrial segment is the fastest-growing application in the REITs market, largely due to the rapid expansion of e-commerce and the demand for distribution centers and warehouses

Market Dynamics of Real Estate Investment Trusts Reits Market

Key Drivers for Real Estate Investment Trusts Reits Market

Growing Demand for Stable Income-Generating Assets to Boost Market Growth

The demand for stable income-generating assets is one of the key drivers of the Real Estate Investment Trusts (REITs) market. Investors increasingly seek predictable cash flows, especially in uncertain economic climates. REITs provide access to a diversified portfolio of income-producing properties, such as office buildings, shopping centers, and residential complexes, offering consistent dividends. This appeal is particularly strong among income-focused investors like retirees or those seeking to reduce risk. Additionally, REITs allow smaller investors to gain exposure to large-scale real estate investments without the need for substantial capital, further fueling market growth. For instance, in November 2023, 1031 Crowdfunding launched the Covenant Senior Housing REIT, Inc., which aims to create new ways for senior living investors to grow their holdings. The newly formed REIT stands as its own company, and 1031 is the REIT’s sponsor. With the launch, 1031 Crowdfunding focused on “exchange-type vehicles” and working with investors interested in “non-correlating assets who want to invest in senior housing”

Rise in Investor Interest for Diversification and Liquidity to Drive Market Growth

The growing desire for diversification and liquidity among investors has contributed to the expansion of the REITs market. Unlike direct property ownership, REITs provide liquidity as they can be traded on major stock exchanges, offering an attractive alternative for those looking for easier access to real estate investments without the complexities of managing properties. This liquidity makes REITs a highly attractive investment vehicle, especially in volatile markets. Furthermore, REITs enable investors to diversify their portfolios across different types of real estate assets, helping to mitigate risks and enhance returns in a well-balanced investment strategy.

Restraint Factor for the Real Estate Investment Trusts Reits Market

Impact of Fluctuating Interest Rates, will Limit Market Growth

Fluctuating interest rates represent a significant restraint for the REITs market. When interest rates rise, the cost of borrowing increases, making it more expensive for REITs to finance property acquisitions or development projects. This can limit growth opportunities and reduce profitability. Additionally, higher interest rates tend to make fixed-income investments more attractive relative to REITs, which may cause a shift in investor preferences. The sensitivity of REITs to interest rate changes can lead to price volatility, which could deter some investors from entering or staying in the market, particularly those seeking stable returns.

Impact of Covid-19 on the Real Estate Investment Trusts Reits Market

Covid-19 pandemic had a significant impact on the Real Estate Investment Trusts (REITs) market, disrupting both the demand and performance of certain types of ...

In December 2023, the annual returns of properties owned by listed Japanese real estate investment trusts (J-REITs) stood at 4.62 percent. The figure decreased from 5.89 percent in December of the previous year.

Graph and download economic data for Mortgage Real Estate Investment Trusts; Total Assets (Balance Sheet), Transactions (BOGZ1FA644090073A) from 1946 to 2024 about REIT, balance sheet, transactions, mortgage, assets, and USA.

National Storage REIT reported 13.86 in PE Price to Earnings for its fiscal semester ending in June of 2024. Data for National Storage REIT | NSR - PE Price to Earnings including historical, tables and charts were last updated by Trading Economics this last March in 2025.

Waypoint REIT Ltd reported AUD46.65M in Net Income for its fiscal semester ending in June of 2024. Data for Waypoint REIT Ltd | WPR - Net Income including historical, tables and charts were last updated by Trading Economics this last March in 2025.

United States Assets: Flow: Real Estate Investment Trusts (REIT) data was reported at 39.763 USD bn in Sep 2018. This records an increase from the previous number of -3.777 USD bn for Jun 2018. United States Assets: Flow: Real Estate Investment Trusts (REIT) data is updated quarterly, averaging 0.011 USD bn from Dec 1951 (Median) to Sep 2018, with 268 observations. The data reached an all-time high of 130.084 USD bn in Jun 2013 and a record low of -44.248 USD bn in Dec 2008. United States Assets: Flow: Real Estate Investment Trusts (REIT) data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.AB030: Funds by Sector: Flows and Outstanding: Real Estate Investment Trusts.

National Storage REIT reported AUD1.59M in Stock for its fiscal semester ending in June of 2024. Data for National Storage REIT | NSR - Stock including historical, tables and charts were last updated by Trading Economics this last March in 2025.

U.S. REITs in the FTSE Nareit All Equity REITs index yielded between two and 16 percent dividend depending on the property type as of November 2023. Home financing REITs had the highest yield of 16.04 percent, compared to 4.59 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 141 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 has decreased in 2022..

National Storage REIT reported AUD3.54B in Equity Capital and Reserves for its fiscal semester ending in December of 2024. Data for National Storage REIT | NSR - Equity Capital And Reserves including historical, tables and charts were last updated by Trading Economics this last March in 2025.

Graph and download economic data for Mortgage Real Estate Investment Trusts; Agency- and GSE-Backed Securities; Asset, Level (BOGZ1FL643061773A) from 1945 to 2024 about REIT, agency, mortgage, securities, assets, and USA.

Calloway Real Estate Investment To stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.

Graph and download economic data for Real Estate Investment Trusts; Unidentified Miscellaneous Liabilities, Transactions (BOGZ1FA643193005A) from 1946 to 2022 about REIT, miscellaneous, transactions, liabilities, and USA.

Charter Hall Long WALE REIT reported AUD5.25B in Assets for its fiscal semester ending in June of 2024. Data for Charter Hall Long WALE REIT | CLW - Assets including historical, tables and charts were last updated by Trading Economics this last March in 2025.

Charter Hall Long WALE REIT reported 89.75M in Gross Profit on Sales for its fiscal semester ending in June of 2024. Data for Charter Hall Long WALE REIT | CLW - Gross Profit On Sales including historical, tables and charts were last updated by Trading Economics this last March in 2025.