Market cap of U.S. REITs, by sector 2023 | Statista (2024)

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Market cap of U.S. REITs, by sector 2023 | Statista? ›

Infrastructure, residential, and retail real estate are the largest REIT segments: Industrial real estate REITs had a market cap of 178 billion U.S. dollars as of December 2023, while retail had a market cap of almost 190 billion U.S. dollars. The number of REITs has remained fairly constant in recent years, but the.

In 2023, the market cap of all REITs, including equity, mortgage, and hybrid, reached 1.37 trillion U.S. dollars. This was a decrease from the 1.74 trillion U.S. dollars recorded in 2021 when the market peaked. REITs are companies which own and operate real estate to generate income.

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 93 and 83 billion US dollars each.

Spotlight on the largest REIT markets and companies

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.

Prologis, American Tower, and Welltower were the real estate investment trusts (REITs) worldwide with the largest market caps as of April 11, 2024. All three REITs were headquartered in the United States. If fact, out of the 40 largest REITs, only seven were headquartered outside the United States.

The largest REIT ETF is the Schwab U.S. REIT ETF SCHH with $5.98B in assets. In the last trailing year, the best-performing REIT ETF was PFFR at 14.46%. The most recent ETF launched in the REIT space was the iREIT - MarketVector Quality REIT Index ETF IRET on 03/06/24.

How to Qualify as a REIT? To qualify as a REIT, a company must have the bulk of its assets and income connected to real estate investment and must distribute at least 90 percent of its taxable income to shareholders annually in the form of dividends.

What are the largest REITs in the US? ›

Notable REITs

The five largest REITs in the United States in 2021 are: American Tower Corporation, Prologis, Crown Castle International, Simon Property Group and Weyerhaeuser.

REITs were first deemed eligible for inclusion in the S&P 500 in October 2001. Since 2001 the representation of REITs in the S&P 500 has grown from . 2% to 2.8% as of December 31, 2019 (see Exhibit 1). During this time the market value of the constituent REITs grew from $20 billion to $773 billion.

Market cap of leading retail REITs in the U.S. 2019-2023

The largest retail REIT, Property Simon, saw its market cap rise from 38.6 billion U.S. dollars to 46.6 billion U.S. dollars between December 2022 and December 2023.

5 percent of the value of the REIT's total assets may consist of securities of any one issuer, except with respect to a taxable REIT subsidiary. 10 percent of the outstanding vote or value of the securities of any one issuer may be held (again, a taxable REIT subsidiary is an exception to this requirement)

The first REIT was the American Real Estate Investment Trust, also known as American Realty Trust, established in the U.S. in 1960. The trust followed the passage of the Real Estate Investment Trust Act of 1960, part of the Cigar Excise Tax Extension of 1960, which was signed into law by President Dwight D. Eisenhower.

According to new research from Nareit, the association representing publicly traded real estate companies, 168 million Americans, roughly 50% of all U.S. households, have some exposure to public REITs. That ownership comes in direct stock ownership or through mutual funds, ETFs or target date funds that include REITs.

U.S. REITs own nearly $4.5 trillion of gross real estate as of 2021. Public U.S. REITs own $3 trillion in assets as of 2021. U.S.-listed REITs have an equity market capitalization of over $1.3 trillion as of 2021.

REIT SECTOR OVERVIEW

There are two main types of REITs: equity REITs and mortgage REITs. Equity REITs own and operate income-producing real estate and typically earn income through rents.