2026 Commercial REIT Values

As of June 4, the Dow Jones Equity All REIT posted the highest multiple based from the last 12 months funds from operations among the three focused indexes. The Dow Jones Equity All REIT posted a 22.30x, followed by the Dow Jones U.S. Real Estate Industrial index with price to LTM FFO multiple of 17.50x and the Dow Jones U.S. Real Estate Office index with 8.73x. 

Among all industrial REITs, Terreno Realty Corp. had the highest price to LTM FFO multiple of 22.0x.

Psalm Uy is a senior associate in the real estate client operations department of S&P Global Market Intelligence. If you are interested in learning more about the products and services available within S&P Global Real Estate data, please visit us here.

—Posted on June 25, 2026

---

As of May 1, the Dow Jones U.S. Real Estate Health Care Index posted the highest multiple based from the last 12 months funds from operations among the four focused indexes. The Dow Jones U.S. Real Estate Health Care Index posted a 57.24x, followed by the Dow Jones Equity All REIT Index with 24.11x and then Dow Jones Equity U.S. Real Estate Industrial Index with price to LTM FFO multiple of 17.92x and the Dow Jones U.S. Real Estate Office Index with 8.35x. 

Among U.S. healthcare REITs, Welltower Inc. had the highest price to LTM FFO multiple of 74.3x.

Psalm Uy is a senior associate in the Real Estate Client Operations Department of S&P Global Market Intelligence. If you are interested in learning more about the products and services available within S&P Global Real Estate data, please visit us here.

—Posted on May 20, 2026