Office REITs
What Are Office REITs?
Office Real Estate Investment Trusts (REITs) own and manage office buildings, leasing space to businesses across various industries. These REITs generate income through rental payments from tenants, including corporations, law firms, and financial institutions.
Why Invest?
Office REITs offer steady cash flow from long-term leases and diversified tenant bases. Despite evolving work trends, office spaces in prime locations continue to attract tenants looking for professional environments, making these REITs a stable investment with potential for capital appreciation.
Challenges & Outlook
Office REITs face challenges from remote work trends, increasing vacancy rates, and rising operating costs. However, demand for high-quality, well-located office spaces remains strong, particularly in urban centers, ensuring long-term viability for select office REITs as the commercial real estate market adapts.
| Ticker Symbol | Company Name | Property Sector | Market Cap ($B) | Dividend Yield | Payout Frequency | Price-to-FFO | Debt Ratio | Short Interest | |
|---|---|---|---|---|---|---|---|---|---|
| BXP | Boston Properties |  | Office | 12.33 | 3.60% | Quarter | 11.3 | 56% | 6.4% |
| VNO | Vornado Realty |  | Office | 8.06 | 1.78% | Annual | 18.0 | 49% | 5.0% |
| KRC | Kilroy Realty |  | Office | 5.25 | 4.86% | Quarter | 11.0 | 49% | 12.3% |
| CUZ | Cousins Properties |  | Office | 4.92 | 4.42% | Quarter | 10.3 | 38% | 4.6% |
| CDP | COPT Defense |  | Office | 3.49 | 3.95% | Quarter | 11.6 | 41% | 4.0% |
| SLG | SL Green Realty |  | Office | 4.50 | 4.97% | Monthly | 10.5 | 47% | 9.2% |
| DEI | Douglas Emmett |  | Office | 2.74 | 4.67% | Quarter | 11.2 | 56% | 13.7% |
| HIW | Highwoods Properties |  | Office | 3.48 | 6.29% | Quarter | 9.3 | 49% | 5.1% |
| ESRT | Empire State Realty |  | Office | 1.30 | 1.88% | Quarter | 8.8 | 52% | 3.8% |
| JBGS | JBG Smith |  | Office | 1.48 | 2.95% | Quarter | 37.1 | 62% | 17.9% |
| AAT | American Assets |  | Office | 1.29 | 6.51% | Quarter | 10.5 | 64% | 2.1% |
| DEA | Easterly Government |  | Office | 1.07 | 7.83% | Quarter | 7.7 | 56% | 4.6% |
| PGRE | Paramount Group |  | Office | 1.45 | 0.00% | Irreg | 11.7 | 70% | 3.7% |
| AHH | Armada Hoffler |  | Office | 0.78 | 7.48% | Quarter | 7.2 | 56% | 2.0% |
| HPP | Hudson Pacific |  | Office | 1.08 | 0.00% | Irreg | 22.2 | 80% | 8.4% |
| ALX | Alexander's Inc |  | Office | 1.20 | 7.73% | Quarter | 19.4 | 49% | 8.2% |
| BDN | Brandywine Realty |  | Office | 0.79 | 13.42% | Quarter | 7.3 | 72% | 8.1% |
| PDM | Piedmont Realty |  | Office | 1.12 | 0.00% | Irreg | 6.4 | 68% | 2.8% |
| ONL | Orion Office |  | Office | 0.16 | 2.87% | Quarter | 4.9 | 73% | 1.5% |
| OPI | Office Properties |  | Office | 0.03 | 0.00% | Quarter | -- | 108% | 6.9% |
| FSP | Franklin Street |  | Office | 0.17 | 2.44% | Quarter | 18.2 | 63% | 0.8% |
| CIO | City Office REIT |  | Office | 0.28 | 5.75% | Quarter | 6.2 | 68% | 0.6% |
| CMCT | Creative Media |  | Office | 0.01 | 0.00% | Quarter | -- | 90% | 4.7% |
| NLOP | Net Lease Office |  | Office | 0.43 | 0.00% | Annual | -- | 28% | 1.8% |
