Office REITs
Within the Hoya Capital Office REIT Index, we track the 23 office REITs, which account for roughly $55 billion in market value and comprise 6-7% of the market-cap-weighted REIT Indexes.
The office sector is typically segmented into two categories. Urban CBD ("Central Business District") or 'Gateway' REITs hold portfolios that are concentrated in the six largest U.S. cities: New York City, Chicago, Boston, Los Angeles, San Francisco, and Washington, D.C..
Secondary/ Suburban REITs hold portfolios concentrated in the Sunbelt regions and/or in secondary markets.
| Ticker Symbol | Company Name | Property Sector | Market Cap ($B) | Dividend Yield | Payout Frequency | Price-to-FFO | Debt Ratio | Short Interest | |
|---|---|---|---|---|---|---|---|---|---|
| BXP | Boston Properties |  | Office | 9.93 | 6.20% | Quarter | 8.7 | 55% | 5.8% |
| VNO | Vornado Realty |  | Office | 5.18 | 0.00% | Quarter | 10.5 | 65% | 13.1% |
| KRC | Kilroy Realty |  | Office | 4.29 | 5.90% | Quarter | 8.0 | 50% | 5.2% |
| CUZ | Cousins Properties |  | Office | 3.32 | 5.85% | Quarter | 8.3 | 38% | 3.5% |
| CDP | Corporate Office |  | Office | 2.77 | 4.63% | Quarter | 10.3 | 43% | 4.2% |
| SLG | SL Green Realty |  | Office | 2.67 | 7.28% | Monthly | 7.9 | 73% | 25.1% |
| DEI | Douglas Emmett |  | Office | 2.30 | 5.50% | Quarter | 7.5 | 55% | 15.8% |
| HIW | Highwoods Properties |  | Office | 2.19 | 9.65% | Quarter | 5.5 | 51% | 5.5% |
| EQC | Equity Commonwealth |  | Office | 2.03 | 0.00% | Irreg | -- | 0% | 2.1% |
| ESRT | Empire State Realty |  | Office | 1.51 | 1.51% | Quarter | 10.7 | 59% | 9.1% |
| JBGS | JBG Smith |  | Office | 1.44 | 6.00% | Quarter | 10.8 | 50% | 11.1% |
| AAT | American Assets |  | Office | 1.29 | 6.23% | Quarter | 8.9 | 52% | 3.8% |
| DEA | Easterly Government |  | Office | 1.18 | 8.57% | Quarter | 10.9 | 46% | 3.9% |
| PGRE | Paramount Group |  | Office | 1.12 | 2.71% | Quarter | 6.0 | 69% | 5.6% |
| AHH | Armada Hoffler |  | Office | 1.03 | 6.72% | Quarter | 9.3 | 50% | 1.2% |
| HPP | Hudson Pacific |  | Office | 1.02 | 0.00% | Irreg | 7.5 | 70% | 15.8% |
| ALX | Alexander's Inc |  | Office | 0.98 | 9.40% | Quarter | -- | 54% | 4.8% |
| BDN | Brandywine Realty |  | Office | 0.81 | 12.71% | Quarter | 4.1 | 66% | 8.1% |
| PDM | Piedmont Realty |  | Office | 0.81 | 7.63% | Quarter | 3.8 | 64% | 3.2% |
| ONL | Orion Office |  | Office | 0.31 | 7.23% | Quarter | 4.0 | 54% | 3.4% |
| OPI | Office Properties |  | Office | 0.30 | 16.21% | Quarter | 1.5 | 79% | 9.3% |
| FSP | Franklin Street |  | Office | 0.26 | 1.56% | Quarter | 8.8 | 60% | 1.5% |
| CIO | City Office REIT |  | Office | 0.21 | 7.56% | Quarter | 3.9 | 60% | 1.0% |
| CMCT | Creative Media |  | Office | 0.08 | 9.32% | Quarter | 10.4 | 90% | 0.3% |
| NLOP | Net Lease Office |  | Office | 0.00% | -- | -- | -- | -- | |
