Global REIT atlas - 2025
REITs are a global franchise.
Here’s an atlas of existing and prospective REIT markets around the planet:
…and here’s the key to details covered by the atlas:
| Market development category | Marquee, established, emerging, prospective |
| Market health status | Stable, headwinds, advisory |
| REIT origin year |
REIT law origin year
Year of most recent policy change
|
| Market size statistics – mainly from EPRA |
REIT market cap in USD as at December 2024
Number of REITs
Share of global REIT market cap
Key EPRA market ratios (market cap USD denominated)
|
| Commentary on recent market trends and conditions | My analysis |
| Data sources | — |
| Tooltip update stamp | — |
You can find a sortable table of market-by-market commentaries below.
Next update:
I’ll update the global REIT atlas in early 2026 with December 2025 market statistics and new commentaries.
Please reach out if you’d like to share your views on the commentaries, which generally focus on the state of public policy.
Global REIT snapshot - August 2025
Here’s a snapshot of the world’s REIT markets.
There are:
seven marquee markets (each equivalent to two per cent or more of the global REIT market cap)
20 established markets
16 emerging markets with small market caps
11 newish markets with no IPOs
16 prospective markets
Table of market commentaries by country/region
World of equity REITS
Shares of global market cap: USD - December 2024
Source: EPRA market tables - December 2024 | Analysis: Verwer | Graphic: Verwer | Date: June 2025 - needs updating for new China and Brazil data
Market caps: Mainly EPRA - December 2024 | Commentary: Verwer - August 2025 onward | Notes: Please see Atlas map for more details on sources for each country/region