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North America REIT Industry Market Size (2024 - 2029)

The North America REIT market encompasses a diverse range of income-producing real estate assets, with significant activity in the United States, Canada, Mexico, and Costa Rica. The market's scale is influenced by the historical establishment of REITs in the U.S., which has led to a robust framework for individual investors to engage in large-scale real estate ventures. In Canada, the market's expansion is shaped by increasing regulatory and investor demands related to climate change, hazard risk, and ESG disclosures. These factors collectively impact the market size and growth trajectory of REITs across the region.

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Market Size of North America REIT Industry

North America REIT Industry Size
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 2.50 %
Market Concentration Medium

Major Players

North America REIT Industry Companies

*Disclaimer: Major Players sorted in no particular order

North America REIT Market Analysis

REITs are companies that own (and often operate) income-producing real estate, such as apartments, warehouses, self-storage facilities, malls, and hotels. Their appeal is simple: The most reliable REITS have a track record for paying large and growing dividends. Still, that potential for growth carries risks that vary depending on the type of REIT.

In North America: Canada, the US, Mexico, Costa Rica only have REITs approach in their real estate markets and economies. In the United States alone, there are 190 Real Estate Investment Trusts (REITs) with a total market cap of 1.3 trillion USD since the US is the oldest of all countries to create REITs in 1960 as a way for individual investors to own equity stakes in large-scale real estate companies. In the United States, demand for digital-style real estate continues, whether it's in the tower sector or the data center sector.

In Canada, there are 48 REITs with a total market cap of 78.3 billion USD as of September 30, 2019. The growing demands for climate change, hazard risk, and ESG disclosure, both from the regulatory side and from the investor side is the main issue for the REITs in Canada going forward.

North America REIT Industry Segmentation

An understanding of the North America REIT industry, regulatory environment, REITs and their business models, along with detailed market segmentation, product types, revenues and dividends, current market trends, changes in market dynamics, and growth opportunities. In-depth analysis of the market size and forecast for the various segments.

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North America REIT Industry Size Summary

The North American REIT market encompasses countries like the United States, Canada, Mexico, and Costa Rica, with the United States being a pioneer in establishing REITs in 1960. REITs, or Real Estate Investment Trusts, are companies that manage income-producing real estate assets such as apartments, warehouses, and hotels, offering investors the opportunity to earn dividends from real estate investments. The market is characterized by a diverse range of REITs, each with varying levels of risk and growth potential. In the United States, the demand for digital-style real estate, including data centers and towers, continues to rise, reflecting the evolving landscape of real estate investments. Meanwhile, in Canada, REITs face challenges related to climate change, hazard risk, and ESG disclosures, driven by both regulatory and investor demands.

The REIT market in North America is also influenced by the dynamics of investor participation, particularly in the senior housing and care sectors. Since 2016, private equity buyers have become more prominent, shifting the balance of transaction activity away from REITs, which were once the dominant buyers. Despite the high levels of debt typically associated with REITs, investors remain confident due to the long-term contracts and leases that provide steady cash flow, supporting debt repayments and dividend distributions. The market features several key players, including FIBRA Prologis, Omega Healthcare Investors, Iron Mountain, STAG Industrial Inc., and Automotive Properties REIT, each contributing to the competitive landscape and financial performance of the industry across North America.

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North America REIT Industry Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Insights on Returns And Dividends - Key Performance Indicators for REITs

    3. 1.3 Insights on Market Capitalization of REITs in Countries Adopted REIT Approach in North America

    4. 1.4 A Brief on Regulatory Environment

    5. 1.5 Market Drivers

    6. 1.6 Market Restraints

    7. 1.7 Value Chain / Supply Chain Analysis

    8. 1.8 Porters 5 Force Analysis

      1. 1.8.1 Threat of New Entrants

      2. 1.8.2 Bargaining Power of Buyers/Consumers

      3. 1.8.3 Bargaining Power of Suppliers

      4. 1.8.4 Threat of Substitute Products

      5. 1.8.5 Intensity of Competitive Rivalry

    9. 1.9 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Investment Holdings

      1. 2.1.1 Equity REITs

      2. 2.1.2 Mortagage REITs

      3. 2.1.3 Hybrid REITs

    2. 2.2 By Country

      1. 2.2.1 United States

      2. 2.2.2 Canada

      3. 2.2.3 Mexico

      4. 2.2.4 Costa Rica

    3. 2.3 By Property Sector

      1. 2.3.1 Office

      2. 2.3.2 Retail

      3. 2.3.3 Residential

      4. 2.3.4 Industrial

      5. 2.3.5 Others

North America REIT Industry Market Size FAQs

The North America REIT Market is projected to register a CAGR of 2.5% during the forecast period (2024-2029)

FIBRA Prologis, Omega Healthcare Investors, Iron Mountain, STAG Industrial Inc. and Automotive Properties REIT are the major companies operating in the North America REIT Market.

North America REIT Market Report Snapshots

North America REIT Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)