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Global REIT Market Tops $608B

SYDNEY-The US accounted for $395 billion of that, but according to a new report, lesser-known markets are catching up.

By Anita Howarth | Updated on October 30, 2006

SYDNEY-The global market capitalization of REITs stands at $608 billion and is rising fast, according to a new report by Ernst & Young. New opportunities are emerging in lesser known markets as well. For instance, REITs in South Africa have produced average returns during the past three years of 34.2% and with the least debt on its REIT assets of any country in the world.

The report examined REITs in 13 separate countries across four world regions—484 REITs total–but the authors warned that the lack of a standardized global method for calculating and reporting performance made comparisons difficult. “Our aim in putting together this report was to compare as closely as possible the relative performance of various REIT vehicles around the world,” says report co-author Ed Psaltis. “What we learned is that the REIT sector is well-established in most major regions of the world and is fast becoming a significant factor in molding world economies and investment choices.”

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