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 | 17.39 | 3.52 |
VNO | Vornado Realty | Office | 7.92 | 5.13 |
KRC | Kilroy Realty | Office | 7.63 | 3.05 |
DEI | Douglas Emmett | Office | 5.74 | 3.42 |
CUZ | Cousins Properties | Office | 5.57 | 3.31 |
HIW | Highwoods Properties | Office | 4.68 | 4.45 |
SLG | SL Green Realty | Office | 4.61 | 5.3 |
HPP | Hudson Pacific | Office | 4.04 | 3.77 |
JBGS | JBG Smith | Office | 3.91 | 3.04 |
EQC | Equity Commonwealth | Office | 3.17 | 0 |
OFC | Corporate Office Properties | Office | 3.08 | 4.01 |
AAT | American Assets | Office | 2.4 | 3.03 |
BDN | Brandywine Realty | Office | 2.29 | 5.68 |
CXP | Columbia Property Trust | Office | 2.19 | 4.41 |
WRE | Washington REIT | Office | 2.17 | 2.65 |
PDM | Piedmont Office Realty | Office | 2.14 | 4.88 |
DEA | Easterly Government | Office | 1.91 | 5 |
PGRE | Paramount Group | Office | 1.9 | 3.22 |
ESRT | Empire State Realty | Office | 1.72 | 1.41 |
CLI | Mack-Cali Realty | Office | 1.52 | 0 |
ALX | Alexander's Inc | Office | 1.3 | 7.09 |
OPI | Office Properties | Office | 1.23 | 8.65 |
AHH | Armada Hoffler | Office | 1.09 | 4.82 |
CIO | City Office REIT | Office | 0.73 | 3.58 |
FSP | Franklin Street | Office | 0.5 | 7.78 |
CMCT | CIM Commercial | Office | 0.16 | 4.31 |
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