Apartment REITs
What Are Apartment REITs? Apartment Real Estate Investment Trusts (REITs) own and manage residential rental properties, including multifamily apartments and high-rise complexes. These REITs generate income through tenant leases, benefiting from steady demand for rental housing in urban and suburban markets. With housing affordability challenges increasing, rental properties remain essential.
Why Invest? Apartment REITs offer reliable cash flow, driven by high occupancy rates and consistent rental income. They provide diversification, inflation protection, and exposure to growing housing markets. As demand for rental housing rises due to population growth and affordability issues, these REITs remain a strong investment option.
Challenges & Outlook While apartment REITs benefit from stable demand, they face risks like rising interest rates, rent regulations, and economic downturns. However, long-term urbanization trends, job growth, and shifting demographics continue to support the need for rental housing, making apartment REITs a resilient real estate investment.
Apartment REITs
Updated Nov 10, 2026, 3:00 AM ET
- REITs
- 12
- Combined Mkt Cap
- $110B
- Snapshot Avg Yield
- 5.89%
The snapshot average uses 11 reported yields with equal weight, including zero yields and excluding missing values. Individual company data may update after this snapshot.
The Numbers Behind the Sector
Updated Nov 10, 2026, 3:00 AM ET
- Fwd FFO
- 15.2x
- 3-Yr FFO Growth
- +10.4%
- 3-Yr Return
- +10.4%
- Avg Discount
- -20.1%
- Net Debt/EBITDA
- 4.5x
- Market Value
- $110.04B
| Company | Ticker | Market Cap | Dividend Yield | P/FFO | 3Yr Total Return |
|---|---|---|---|---|---|
| Vivmark Residential | VMRK | $51.3B | 4.25% | 16.1x | +11.8% |
| Essex Property | ESS | $17.7B | 3.76% | 17.0x | +14.0% |
| Mid-America | MAA | $13.8B | 5.13% | 14.0x | +4.4% |
| UDR, Inc | UDR | $11.6B | 4.74% | 14.5x | +9.2% |
| Camden Property | CPT | $10.0B | 4.23% | 14.8x | +8.9% |
| Independence Realty | IRT | $3.55B | 4.51% | 13.2x | +9.5% |
| Centerspace | CSR | $0.97B | 5.36% | 12.4x | +9.3% |
| NexPoint Residential | NXRT | $0.40B | 13.46% | 6.8x | -13.5% |
| BRT Apartments | BRT | $0.24B | 7.74% | 11.0x | -1.5% |
| Aimco | AIV | $0.24B | 0.00% | 2.5x | -11.3% |
| Clipper Realty | CLPR | $0.14B | 11.59% | 40.0x | -3.3% |
| Elme Communities | ELME | Not reported | Not reported | Not reported | Not reported |
Frequently Asked Questions
How many Apartment REITs are tracked here?
Hoya Capital's Apartment REITs table contains 12 companies classified in this sector in its company database. This is the number of tracked records, not a count of every business in the industry or a recommendation to purchase any security.
What is the average dividend yield for Apartment REITs?
The simple average dividend yield for the tracked Apartment REITs is 5.89%, using 11 reported yields. Each reported yield receives equal weight, including zero yields; missing values are excluded. This calculation describes the company table and is not a forecast of future distributions.
What is the median dividend yield for Apartment REITs?
The median reported dividend yield for Apartment REITs is 4.74% across 11 companies. The median is the middle observation after sorting yields, or the average of the two middle observations when the count is even. Missing yields are excluded.
Which tracked company is largest in Apartment REITs by market capitalization?
Vivmark Residential (VMRK) has the largest reported market capitalization in the Apartment REITs table, at $51.26 billion. Market capitalization measures equity market value, not property value or investment quality. The comparison covers only tracked companies with a reported value.