The REIT Footprint on the U.S. Economy
According to the National Association of Real Estate Investment Trusts (Nareit), REITs of all types collectively own more than $4.5 trillion in gross assets across the U.S. and U.S.-listed REITs have an equity market capitalization (stock market value) of more than $1.7 trillion.
Ernst & Young LLP (EY) estimates that the total economic contribution of U.S. REITs and related businesses in 2021 was 3.2 million full-time equivalent (FTE) jobs with REIT operations, including dividend and interest payments, contributing $109.9 billion in labor income to the U.S. economy. U.S.-headquartered public listed equity REIT portfolios included over 535,000 properties at year-end 2021, according to EY.
Last Updated on October 26, 2022 by Ramin Seddiq