Office REITs
Office REITs tend to hold assets in the higher-tiers of the quality spectrum relative to the national average, holding nearly a quarter of all Class-A CBD office buildings in the United States. As a whole, office REITs tend to be concentrated in coastal "gateway" markets, where post-recession job growth has been strongest, but where supply growth has also been most prevalent.
Office REITs are classic Growth REITs, exhibiting a lower degree of interest-rate-sensitivity and a higher degree of economic sensitivity than the REIT sector average.
Symbol | Company | Property Sector | Market Cap ($B) | Dividend Yield (%) |
|---|---|---|---|---|
BXP | Boston Properties | Office REIT | 17.97 | 3.41 |
VNO | Vornado Realty | Office REIT | 8.74 | 4.64 |
KRC | Kilroy Realty | Office REIT | 8.05 | 2.88 |
DEI | Douglas Emmett | Office REIT | 5.91 | 3.32 |
CUZ | Cousins Properties | Office REIT | 5.59 | 3.3 |
SLG | SL Green Realty | Office REIT | 5.42 | 4.67 |
HIW | Highwoods Properties | Office REIT | 4.75 | 4.21 |
JBGS | JBG Smith | Office REIT | 4.16 | 2.85 |
HPP | Hudson Pacific | Office REIT | 4.16 | 3.63 |
OFC | Corporate Office Properties | Office REIT | 3.25 | 3.8 |
BDN | Brandywine Realty | Office REIT | 2.37 | 5.48 |
PDM | Piedmont Office Realty | Office REIT | 2.29 | 4.56 |
AAT | American Assets | Office REIT | 2.26 | 3 |
PGRE | Paramount Group | Office REIT | 2.2 | 2.79 |
ESRT | Empire State Realty | Office REIT | 2.1 | 1.15 |
WRE | Washington REIT | Office REIT | 2.04 | 4.98 |
EQC | Equity Commonwealth | Office REIT | 2 | 0 |
CXP | Columbia Property Trust | Office REIT | 1.96 | 4.91 |
DEA | Easterly Government | Office REIT | 1.79 | 4.86 |
CLI | Mack-Cali Realty | Office REIT | 1.58 | 0 |
OPI | Office Properties | Office REIT | 1.38 | 7.8 |
ALX | Alexander's Inc | Office REIT | 1.36 | 6.78 |
AHH | Armada Hoffler | Office REIT | 1.09 | 4.8 |
FSP | Franklin Street | Office REIT | 0.56 | 6.94 |
CIO | City Office REIT | Office REIT | 0.53 | 4.95 |
CMCT | CIM Commercial | Office REIT | 0.2 | 3.48 |
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