2023 Commercial REIT Values

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

As of November 2, 2023, the Dow Jones U.S. Real Estate Industrial 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 Industrial Index posted a 17.26x, followed by the Dow Jones Equity All REIT index with price to LTM FFO multiple of 15.09x and the Dow Jones U.S. Real Estate Office Index with 9.78x.

Among all the U.S. Industrial REITs, Americold Realty Trust, Inc. had the highest price to LTM FFO multiple of 65.8x.

Jerra Joy Agravio is an 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, 2023

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

As of June 1, 2023, the Dow Jones U.S. real estate healthcare index posted the highest multiple based from the last twelve months funds from operations among the four focused indexes. The Dow Jones U.S. real estate healthcare index posted a 17.40x, followed by the Dow Jones Us Real Estate Industrial index with 16.03x and then Dow Jones equity all REIT index with price to LTM FFO multiple of 15.21x and the Dow Jones U.S. real estate office index with 11.88x.

Among all the U.S. healthcare REITs, Welltower Inc. had the highest price to LTM FFO multiple of 23.3x.

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 Jun. 26, 2023

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

As of May 2, 2023, the Dow Jones U.S. Real Estate Industrial 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 Industrial index posted a 15.49x, followed by the Dow Jones equity all REIT index with price to LTM FFO multiple of 15.02x and the Dow Jones U.S. Real Estate Office index with 13.16x.

Among all the U.S. Industrial REITs, Industrial Logistics Properties Trust had the highest price to LTM FFO multiple of 200.0x.

Saima Yasmin is an 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. 1, 2023

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

As of Jan. 11, 2023, 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 21.87x, followed by the Dow Jones equity all REIT index with price to LTM FFO multiple of 15.92x and the Dow Jones U.S. real estate industrial index with 15.84x.

Among all the U.S. office REITs, Equity Commonwealth had the highest price to LTM FFO multiple of 115x.

Saima Yasmin is an associate for the Real Estate Client Operations department of S&P Global Market Intelligence.

—Posted on Jan. 30, 2023