2022 Commercial REIT Values

Dow Jones Equity All REIT Index Price/LTM FFO (x)

As of Nov. 2, 2022.
Source: S&P Global Market Intelligence

As of November 2, 2022, the Dow Jones U.S. real estate office index posted the highest multiple based from the last twelve months funds from operations among the three focused indexes. The Dow Jones U.S. real estate office index posted a 21.43x, followed by the Dow Jones equity all REIT index with price to LTM FFO multiple of 15.27x and the Dow Jones U.S. real estate industrial index with 12.84x.

Among all the U.S. office REITs, Equity Commonwealth had the highest price to LTM FFO multiple of 117x.

Iman Niazi is a Senior Associate for the Real Estate Client Operations department of S&P Global Market Intelligence.

If you are interested to learn more about the products and services available within S&P Global Real Estate data, please visit us here: https://www.spglobal.com/marketintelligence/en/campaigns/real-estate

—Posted on Nov. 30, 2022

Dow Jones Equity All REIT Index Price/LTM FFO (x)

As of Jun. 1, 2022.
Source: S&P Global Market Intelligence

As of June 1, the Dow Jones U.S. real estate office index posted the highest multiple based from the last 12 months funds from operations among the three focused indexes. The Dow Jones U.S. real estate office index posted a 39.28x, followed by the Dow Jones equity all REIT index with price to LTM FFO multiple of 22.73x and the Dow Jones U.S. real estate industrial index with 12.49x.

Among all the U.S. office REITs, Creative Media & Community Trust Corp. had the highest price to LTM FFO multiple of 27.9x.

Winzen Matamorosa is a Senior Associate for the Real Estate Client Operations department of S&P Global Market Intelligence.

If you are interested to learn more about the products and services available within S&P Global Real Estate data, please visit us here: https://www.spglobal.com/marketintelligence/en/campaigns/real-estate

—Posted on Jun. 22, 2022