REIT Beta Coefficient Report - Average per US Real Estate Investment Trust Sector on November-27-2019


On 2019-11-27, the average Beta Coefficient for all 283 US Real Estate Investment Trust (REITs) across 14 real estate sectors was 0.34*. The average Beta Coefficient by sector from greatest to lowest value was:

Timber with 0.80.
Resorts with 0.74.
Hotel with 0.70.
Specialty with 0.66.
Data Centers with 0.61.
Retail with 0.59.
Office with 0.54.
Residential with 0.54.
Industrial with 0.52.
Diversified with 0.50.
Health Care with 0.49.
Infrastructure with 0.49.
Mortgage with 0.44.
Self Storage with 0.30.

As follow are the average Beta values per real estate sector, and the REITs with the highest and lowest Beta Coefficient in each sector on 2019-11-27:

The 4 Timber REITs had an average Beta Coefficient of 0.80.
The highest Beta Coefficient was Potlatch Corporation (PCH) with 1.05.
The lowest Beta Coefficient was CatchMark Timber Trust, Inc (CTT) with 0.54.


The 20 Resorts REITs had an average Beta Coefficient of 0.74.
The highest Beta Coefficient was Ashford Hospitality Trust, Inc. (AHT) with 1.13.
The lowest Beta Coefficient was Condor Hospitality Trust, Inc. (CDOR) with 0.07.


The 35 Hotel REITs had an average Beta Coefficient of 0.70.
The highest Beta Coefficient was CorePoint Lodging Inc. (CPLG) with 1.22.
The lowest Beta Coefficient was Chesapeake Lodging Trust (CHSP) with 0.05.


The 22 Specialty REITs had an average Beta Coefficient of 0.66.
The highest Beta Coefficient was Innovative Industrial Properties, Inc. (IIPR) with 1.34.
The lowest Beta Coefficient was Postal Realty Trust, Inc. (PSTL) with -0.12.


The 7 Data Centers REITs had an average Beta Coefficient of 0.61.
The highest Beta Coefficient was QTS Realty Trust, Inc. (QTS) with 0.71.
The lowest Beta Coefficient was Digital Realty Trust (DLR) with 0.51.


The 63 Retail REITs had an average Beta Coefficient of 0.59.
The highest Beta Coefficient was CBL & Associates Properties, Inc. (CBL) with 1.54.
The lowest Beta Coefficient was Gladstone Commercial Corp. (GOODM) with 0.01.


The 54 Office REITs had an average Beta Coefficient of 0.54.
The highest Beta Coefficient was Howard Hughes Corp (HHC) with 1.06.
The lowest Beta Coefficient was Postal Realty Trust, Inc. (PSTL) with -0.12.


The 42 Residential REITs had an average Beta Coefficient of 0.54.
The highest Beta Coefficient was Howard Hughes Corp (HHC) with 1.06.
The lowest Beta Coefficient was First REIT of New Jersey (FREVS) with 0.08.


The 31 Industrial REITs had an average Beta Coefficient of 0.52.
The highest Beta Coefficient was Colony Capital (CLNY) with 0.88.
The lowest Beta Coefficient was Gladstone Commercial Corp. (GOODM) with 0.01.


The 72 Diversified REITs had an average Beta Coefficient of 0.50.
The highest Beta Coefficient was Drive Shack Inc. (DS) with 1.16.
The lowest Beta Coefficient was ProShares Short Real Estate ETF (REK) with -0.50.


The 29 Health Care REITs had an average Beta Coefficient of 0.49.
The highest Beta Coefficient was Regional Health Properties,Inc. (RHE) with 1.50.
The lowest Beta Coefficient was Gladstone Commercial Corp. (GOODM) with 0.01.


The 9 Infrastructure REITs had an average Beta Coefficient of 0.49.
The highest Beta Coefficient was Uniti Group, Inc. (UNIT) with 1.25.
The lowest Beta Coefficient was InfraREIT, Inc. (HIFR) with 0.09.


The 45 Mortgage REITs had an average Beta Coefficient of 0.44.
The highest Beta Coefficient was Colony NorthStar Credit Real Estate, Inc (CLNC) with 0.80.
The lowest Beta Coefficient was Impac Mortgage Holdings, Inc. (IMH) with -0.13.


The 9 Self Storage REITs had an average Beta Coefficient of 0.30.
The highest Beta Coefficient was Brookfield Property REIT (BPR) with 0.63.
The lowest Beta Coefficient was Public Storage (PSA) with 0.12.


*Important notice: This report is based on the REITs, data, and sectors tracked on REITNotes.com for the date 2019-11-27. The Beta Coefficient may not be available for all REITs or reflect the latest information for all REITs, which may affect the ranking and values in the report. The REITs Beta Coefficient are updated with the REIT’s closing stock price for the trading day. We calculate the average Beta Coefficient for the sector by adding the Beta Coefficient for all the REITs in that sector and dividing by the total quantity of REITs in that sector. Additionally, there are REITs which may have multiple types of real estate assets (e.g., Industrial, Resort, Data Center.), so these REITs appear on our listing in various sectors. Therefore the Beta Coefficient of REITs which are in multiple segments will be counted and contributed to the average Beta Coefficient for those different sectors.

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