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..

Snapshot img

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. This trend is fueled by the e-commerce sector's continued expansion, leading to an increased need for efficient logistics and distribution networks. An emerging trend in the market is the rise of self-storage as a service, offering investors attractive returns and catering to the growing consumer preference for flexible and convenient storage solutions. However, the market faces challenges as well. Vertical integration by e-commerce companies poses a threat to the industry, as these companies increasingly control the entire supply chain from production to delivery, potentially reducing the need for third-party logistics and storage providers. Additionally, regulatory changes and economic uncertainties can impact REITs' profitability and investor confidence. Companies seeking to capitalize on market opportunities and navigate challenges effectively must stay informed of these trends and adapt to the evolving landscape.

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

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, with various sectors such as retail, industrial, and commercial real estate experiencing dynamic shifts. Family offices, pension funds, high-net-worth individuals, and sovereign wealth funds increasingly invest in this asset class, seeking diversification and stable returns. Market volatility, driven by economic cycles and interest rate fluctuations, influences investment strategies. Artificial intelligence and property technology are transforming the industry, with data analytics and digital platforms streamlining property management, investment, and appraisal processes. Multifamily housing and single-family homes remain popular choices due to their rental income potential and capital appreciation opportunities. Property taxes, inflation risk, and maintenance costs are essential considerations for investors, requiring effective risk management strategies. Net operating income, return on equity, and occupancy rates are critical performance metrics. Regulatory environment and property regulations also impact the market, influencing capitalization rates and shareholder value. Institutional investors explore equity and debt financing, real estate brokerage, and securities offerings to capitalize on opportunities. Property investment platforms, real estate syndications, and property management companies facilitate access to diverse offerings. Green building standards and sustainable development are gaining traction, attracting socially responsible investors. The ongoing digital transformation of the real estate sector, including smart buildings and hybrid REITs, offers new investment opportunities and challenges. Investors must stay informed of market trends and adapt their strategies accordingly.

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 AmericaUSCanadaEuropeFranceGermanyItalyUKAPACChinaIndiaJapanSingaporeRest of World (ROW).

By Type Insights

The industrial segment is estimated to witness significant growth during the forecast period.The retail and industrial real estate sectors dominate the market, with industrial real estate leading in 2024. The industrial segment's growth is driven by the increasing demand for warehousing space due to the surge in e-commerce and online sales during the COVID-19 pandemic. Supply chain disruptions have compelled companies to lease more warehouse space to store additional inventory, leading to increased occupancy and rental rates. Furthermore, the proximity of fulfillment centers to metropolitan areas caters to the growing number of online consumers. This trend will continue to fuel the expansion of industrial REITs, offering significant growth opportunities for the market. Asset management companies, pension funds, and high-net-worth individuals are increasingly investing in REITs for their attractive dividend yields and potential for capital appreciation. Private equity firms and family offices are also active players in the market, providing equity financing for REITs. Real estate agents and brokers facilitate transactions, while debt

Among the 50 real estate investment trusts (REITs) with the largest market cap, Prologis (PLD) and American Tower (AMT) recorded to the at the top of the list with around ** and ** billion US dollars each. The REITs sector reported a decrease in 2022, with the after the market cap reached record high the previous year. Nevertheless, the year-to-date total returns for all property segments were negative as of September 2022.

According to Cognitive Market Research, the Global Real Estate Investment Trusts (REIT) 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 (REIT) 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.

Key Restraint for the Real Estate Investment Trusts Reits Market

Impact of Fluctuating Interest Rates to Hamper 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.

Key Trends for Real Estate Investment Trusts Reits Market

The Rise of Thematic and Sector-Specific REITs to Draw Targeted Investments

A notable trend within the REIT...

The Canadian Real Estate Investment Trust (REIT) industry has faced challenges in recent years. Despite these headwinds, a decline in interest rates spurred by the Bank of Canada has started to positively impact the industry. With reduced borrowing costs, REITs are getting an opportunity to alleviate their financial burdens by financing new acquisitions and refinancing existing debts more economically. As a result, REITs are expected to have a more favorable financial position. However, the easing of bond yields by these lower interest rates is merely compensating for the decreased revenue, making the REITs' dividend yield look more appealing to investors. Through the end of 2025, industry revenue has dipped at a CAGR of 4.4% to reach $9.8 billion, when revenue will climb 4.2%. The residential segment of the REIT market is flourishing as it aligns with population growth and continues to meet housing demands, making it an attractive investment option because of its stability and constant performance. Technology advancements in AI and Proptech are enhancing the REIT sector by providing valuable data sets and optimizing operational efficiency. This improved efficiency invariably leads to decreased operational costs and maximized property values, causing profit to climb. In turn, the enhanced transparency and real-time data access create an increased investor demand, attracting a broader range of investors and strengthening trust in the sector. The industry will return to growth through the end of 2030, with industry revenue climbing at a CAGR of 2.4% to reach $11.0 billion in 2030. Immigration and population growth are expected to continue to shape the Canadian REIT industry. The continued influx of immigrants will strengthen demand for housing and retail spaces, directly benefiting the residential REIT sector. In addition, surging demand for data centers driven by rising cloud adoption, AI workloads and big data will provide REITs with opportunities to diversify portfolios, capture higher yields and reduce exposure to more volatile sectors. However, challenges remain, particularly in the office segment, which is facing declining demand because of the adoption of remote and hybrid work models and may require strategies for repositioning or divesting obsolete assets.

Graph and download economic data for Real Estate Investment Trusts; Loans; Liability, Level (REITLL) from Q4 1945 to Q2 2023 about REIT, liabilities, loans, and USA.

The GCC REIT's Market is segmented based on Country (United Arab Emirates, Saudi Arabia, Oman, Bahrain, Qatar, and Kuwait). The market size and forecasts in value (USD Billion) for all the above segments.

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

NNN REIT return on assets for the quarter ending March 31, 2025 was 4.49. NNN REIT average return on assets for 2024 was 4.58, a 1.33% decline from 2023. NNN REIT average return on assets for 2023 was 4.52, a 15.31% increase from 2022. NNN REIT average return on assets for 2022 was 3.92, a 27.27% increase from 2021. Roa - return on assets can be defined as an indicator of how profitable a company is relative to its total assets. Calculated by dividing a company's operating earnings by its total assets.

In December 2023, the monthly total return index of properties owned by listed Japanese real estate investment trusts (J-REITs) stood at 3,315.5 points. The total index return is based on weighted average income returns and capital returns.

The size of the Europe REIT Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 5.70">> 5.70% during the forecast period. The European Real Estate Investment Trust (REIT) industry refers to a sector within the European financial market that enables individuals and institutional investors to invest in income-producing real estate through publicly traded companies. REITs primarily invest in a diversified portfolio of real estate properties, including residential, commercial, industrial, and healthcare facilities, generating income primarily through leasing space and collecting rents. This investment structure allows investors to benefit from real estate without directly owning physical properties, providing liquidity and accessibility to a broader audience. The European REIT market has seen significant growth over the past two decades, driven by factors such as low-interest rates, increased demand for income-generating assets, and a growing recognition of real estate as a viable long-term investment. REITs are typically structured to provide favorable tax treatment, requiring them to distribute a significant portion of their taxable income to shareholders as dividends. This characteristic makes them attractive to yield-seeking investors, particularly in a low-yield environment. Recent developments include: March 2023: Landsec has secured 100% ownership of St David’s shopping centre, Cardiff, following its purchase of the debt secured against the 50% share of the asset previously owned by intu plc. Comprising separate transactions with two debt holders, Oct 2022: Cromwell European REIT acquires assets in Denmark for EUR15.8 million. The property, Sognevej 25, is a five-building asset that sits on a 41,649-square-meter site with a total lettable area of 22,224 square meters., Sep 2022: Inbest and GPF create REIT to invest €600m in prime properties. The two investment firms have formed Inbest-GPF Real Estate Management Partners, a partnership that has launched the Inbest-GPF Multi-Asset Class Prime REIT vehicle.. Key drivers for this market are: Fund Inflows is Driving the ETF Market. Potential restraints include: Underlying Fluctuations and Risks are Restraining the Market. Notable trends are: United Kingdom as the Leader of REIT market in Europe.

The size of the GCC REIT Industry market was valued at USD 10.37 Million in 2023 and is projected to reach USD 18.05 Million by 2032, with an expected CAGR of 8.24% during the forecast period. The GCC (Gulf Cooperation Council) REIT (Real Estate Investment Trust) industry refers to the market for publicly traded investment vehicles that own, operate, or finance income-generating real estate across the Gulf Cooperation Council region, which includes Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Bahrain, and Oman. REITs offer investors the opportunity to invest in large-scale commercial real estate projects without the need for direct ownership, making real estate investment more accessible. These trusts typically focus on properties such as shopping malls, office buildings, warehouses, and residential complexes, with some REITs specializing in specific sectors like healthcare or logistics. The GCC REIT market has grown significantly in recent years, driven by the region's economic diversification efforts and the need for more sophisticated financial instruments. Governments in the GCC are increasingly supportive of REIT structures as they provide a means to attract foreign investment, enhance capital markets, and offer more investment choices to residents. Regulatory frameworks in countries like Saudi Arabia and the UAE have evolved to support the establishment and growth of REITs, providing a stable foundation for market expansion. Recent developments include: In September 2022, Saudi Arabia introduced a real estate investment trust (REIT) regime. In November 2016, Riyad REIT was the first REIT to be listed in Saudi Arabia (and only the second REIT to be listed in the Middle East), which was followed by another 17 REITs up to July 2022, with a number of them also increasing their capital to acquire additional assets., In January 2021, the Dubai Financial Market (DFM) began trading in Real Estate Investment Trusts (REITs) with the listing of Al Mal Capital's REIT.. Key drivers for this market are: Fund Inflows is Driving the ETF Market. Potential restraints include: Underlying Fluctuations and Risks are Restraining the Market. Notable trends are: Growing Asset Allocation to Real Estate by Large Investors in The Region.

This analysis presents a rigorous exploration of financial data, incorporating a diverse range of statistical features. By providing a robust foundation, it facilitates advanced research and innovative modeling techniques within the field of finance.

AGNC: Will Mortgage REIT Thrive in a Rising Rate Environment?

Financial data:

• Historical daily stock prices (open, high, low, close, volume)

• Fundamental data (e.g., market capitalization, price to earnings P/E ratio, dividend yield, earnings per share EPS, price to earnings growth, debt-to-equity ratio, price-to-book ratio, current ratio, free cash flow, projected earnings growth, return on equity, dividend payout ratio, price to sales ratio, credit rating)

• Technical indicators (e.g., moving averages, RSI, MACD, average directional index, aroon oscillator, stochastic oscillator, on-balance volume, accumulation/distribution A/D line, parabolic SAR indicator, bollinger bands indicators, fibonacci, williams percent range, commodity channel index)

Machine learning features:

• Feature engineering based on financial data and technical indicators

• Sentiment analysis data from social media and news articles

• Macroeconomic data (e.g., GDP, unemployment rate, interest rates, consumer spending, building permits, consumer confidence, inflation, producer price index, money supply, home sales, retail sales, bond yields)

Potential Applications:

• Stock price prediction

• Portfolio optimization

• Algorithmic trading

• Market sentiment analysis

• Risk management

Use Cases:

• Researchers investigating the effectiveness of machine learning in stock market prediction

• Analysts developing quantitative trading Buy/Sell strategies

• Individuals interested in building their own stock market prediction models

• Students learning about machine learning and financial applications

Additional Notes:

• The dataset may include different levels of granularity (e.g., daily, hourly)

• Data cleaning and preprocessing are essential before model training

• Regular updates are recommended to maintain the accuracy and relevance of the data

The infrastructure real estate investment trust (REIT) Prologis was the largest U.S. REIT as of November 2023, with a market cap of almost ** million U.S. dollars. The funds from operation (FFO) of American Tower Corp are estimated to decrease by *** percent. Nevertheless, the specialty REIT Americold Realty Trust Inc. had the highest FFO growth estimate at almost ** percent.

Real estate investment trusts (REITs) are attractive investment vehicles, as they are exempt from corporate tax. A reduction in REIT requirements and restrictions has encouraged new entrants, although many were hit hard by the retail crash during the COVID-19 outbreak. Revenue is expected to grow at a compound annual rate of 0.4% over the five years through 2024-25 to £8.5 billion including estimated growth of 11.8% in 2024-25, while the average profit is expected to be 19.3%. As many REITs own some form of retail and office property, lockdowns and social distancing measures during the pandemic meant the REIT industry lost revenue. Many REITs were forced to sell assets to stay afloat, threatening a spiral in retail property value, with shopping centre giant Intu Properties collapsing into administration. While many REITs with exposure to warehouses performed well in the aftermath of the COVID-19 outbreak amid the e-commerce boom, the industry contended with significant headwinds like rising interest rates and rock-bottom confidence in 2022-23, hurting asset valuations and stifling investment activity. Macroeconomic conditions improved somewhat in 2023-24, with both business and consumer confidence picking up thanks to more optimistic growth prospects and stabilising interest, supporting rental income. However, the higher base rate environment has posed financing challenges, resulting in REITs finding alternative sources of finances like share placements to capitalise on low property values. In 2024-25, REITs have welcomed interest rate cuts, easing financing pressures and lifting asset values. This will support balance sheets, driving investment activity and revenue growth. REIT revenue is forecast to grow at a compound annual rate of 5.6% over the five years through 2029-30 to £11.2 billion. The hike in corporation tax in April 2023 has resulted in investors looking towards REITs due to their tax advantages, positioning REITs for significant investment in the coming years and driving revenue growth. REITs will welcome solid government support in the form of regulatory changes aiming at making the industry more competitive. Technological innovation will also shape the industry. Most notably, proptech solutions are being introduced, which improve property management and operating efficiency, supporting profit.

United States NASDAQ: Index: Net Total Return: NASDAQ US Benchmark Infrastructure REITs Index data was reported at 897.960 NA in Apr 2025. This records an increase from the previous number of 860.860 NA for Mar 2025. United States NASDAQ: Index: Net Total Return: NASDAQ US Benchmark Infrastructure REITs Index data is updated monthly, averaging 906.070 NA from Sep 2020 (Median) to Apr 2025, with 56 observations. The data reached an all-time high of 1,265.020 NA in Dec 2021 and a record low of 668.853 NA in Sep 2023. United States NASDAQ: Index: Net Total Return: NASDAQ US Benchmark Infrastructure REITs Index data remains active status in CEIC and is reported by Exchange Data International Limited. The data is categorized under Global Database’s United States – Table US.EDI.SE: NASDAQ: Net Total Return: Monthly.

United States NASDAQ: Index: Net Total Return: NASDAQ US Benchmark Mortgage REITs Diversified Index data was reported at 911.120 NA in Apr 2025. This records a decrease from the previous number of 969.200 NA for Mar 2025. United States NASDAQ: Index: Net Total Return: NASDAQ US Benchmark Mortgage REITs Diversified Index data is updated monthly, averaging 958.690 NA from Sep 2020 (Median) to Apr 2025, with 56 observations. The data reached an all-time high of 1,339.370 NA in May 2021 and a record low of 700.413 NA in Oct 2023. United States NASDAQ: Index: Net Total Return: NASDAQ US Benchmark Mortgage REITs Diversified Index data remains active status in CEIC and is reported by Exchange Data International Limited. The data is categorized under Global Database’s United States – Table US.EDI.SE: NASDAQ: Net Total Return: Monthly.

As of April 2025, Premiere Island Power REIT Corp. had the highest estimated dividend yield at **** percent in the past 12 months. In contrast, AREIT had the lowest estimated dividend yield as of this trading period.