REITs make key contributions the U.S. Economy, according to EY:

• U.S. REITs contributed the equivalent of an estimated 3.4 million full-time jobs to the economy in 2022 generating $263 billion of labor income.
• REIT activities resulted in the distribution of $109.9 billion of dividend income in 2022.
• REITs invested $120.1 billion in routine capital expenditures to maintain existing property and new construction in 2022.

Public REITs own 575,000 properties across the U.S. as of year-end 2022. Equity and mortgage REITs combined own roughly $2.5 trillion in gross real estate assets. Private REITs own an additional $1.5 trillion in gross assets bringing the total REIT ownership value to more than $4 trillion in the U.S. as of year-end 2022.

Listed REITs have year-end 2022 equity market capitalization around $1.5 trillion.