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Tracking the Expanding Global Real Estate Universe | Nareit
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field--name-field-description field--type-text-long field--label-hidden field__item"><p>For 60 years, Nareit has led the U.S. REIT industry by ensuring its members’ best interests are promoted by providing unparalleled advocacy, investor outreach, continuing education and networking. </p></div> <div class="field field--name-field-cta field--type-link field--label-hidden field__item"><a href="/nareit/membership">Learn more</a></div> </div> </div> </li> </ul> </nav> </div> </div> </div> </div> </div> </header> <div class="l-precontent "> <div class="l-precontent__featured-image" style="background-image: url('/sites/default/files/media-images/Expansion%20of%20FEN%20Extended%20%2820-Feb-2024%29.jpg')"> <div class="l-precontent__inner l-container "> <div class="l-precontent__inner__content"> <div id="block-mimic-page-title" class="block block-core block-page-title-block"> <h1 class="page-title"><span class="field field--name-title field--type-string field--label-hidden">Tracking the Expanding Global Real Estate Universe</span> </h1> </div> <div class="region region-precontent"> <div data-drupal-messages-fallback class="hidden"></div> </div> </div> </div> </div> </div> <main class="l-content"> <a id="main-content" tabindex="-1"></a> <div class="l-container--narrow"> <div id="block-mimic-breadcrumbs" class="block block-system block-system-breadcrumb-block"> <nav class="breadcrumb" role="navigation" aria-labelledby="system-breadcrumb"> <h2 id="system-breadcrumb" class="visually-hidden">Breadcrumb</h2> <ol> <li> <a href="/">Home</a> </li> <li> <a href="/news">Industry News</a> </li> <li> <a href="/news/blog/market-commentary">Market Commentary Blog</a> </li> </ol> </nav> </div> <div class="region region-content"> <div id="block-mimic-content" class="block--main block block-system block-system-main-block"> <article about="/news/blog/market-commentary/tracking-expanding-global-real-estate-universe" class="node node--blog-post node--blog-post--full node--type-blog-post node--view-mode-full"> <div class="node__content"> <div class="node__intro"> <div class="node__intro-date"> 02/25/2025 | by <div class="field field--name-field-authors field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/news/authors/john-barwick" hreflang="en">John Barwick</a></div> </div> <div class="share-widget"> <span class="share-text">SHARE</span> <span class="a2a_kit a2a_kit_size_24 addtoany_list" data-a2a-url="https://www.reit.com/news/blog/market-commentary/tracking-expanding-global-real-estate-universe" data-a2a-title="Tracking the Expanding Global Real Estate Universe"><a class="a2a_button_facebook"></a><a class="a2a_button_linkedin"></a><a class="a2a_button_twitter"></a><a class="a2a_button_email"></a><a class="a2a_button_print"></a><a class="a2a_dd addtoany_share" href="https://www.addtoany.com/share#url=https%3A%2F%2Fwww.reit.com%2Fnews%2Fblog%2Fmarket-commentary%2Ftracking-expanding-global-real-estate-universe&title=Tracking%20the%20Expanding%20Global%20Real%20Estate%20Universe"></a></span> </div> </div> </div> <div class="field field--name-field-content field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="paragraph paragraph--text-block paragraph--text-block--default paragraph--type--text-block paragraph--view-mode--default"> <div class="paragraph--text-block__inner"> <div class="field field--name-field-text field--type-text-long field--label-hidden field__item"><p>The <a href="https://research.ftserussell.com/Analytics/FactSheets/Home/DownloadSingleIssue?issueName=ENFN&isManual=False">FTSE EPRA Nareit Global Extended Index Series</a> (pdf) represents an expansion of real estate property sector coverage to pick up new and emergent sectors. This includes telecommunications and timberland, and additional securities beyond what is currently eligible for the FTSE EPRA Nareit Global Index Series, based on the membership of these companies in the FTSE Nareit All Equity REITs Index.</p><p>As of Dec. 31, 2024, the Developed Extended Index was made up of 374 companies with a combined market cap of $1.9 trillion compared to the Developed Index which was made up of 361 companies with a combined market cap of $1.7 trillion. From 2014 to 2024, the Developed Extended Index posted a 10-year compound annual total return of 3.8%, compared to 3.2% for the Developed Index.</p> <div class="field field--name-field-media-image field--type-image field--label-visually_hidden"> <div class="field__label visually-hidden">Image</div> <div class="field__item"> <picture typeof="foaf:Image"><img loading="lazy" src="/sites/default/files/styles/full_width/public/media-images/Expansion%20of%20FEN%20Extended%20%2820-Feb-2024%29.jpg?itok=PaalR7L_" width="1280" height="720" alt="Expansion of FEN Extended"> </picture> </div> </div> <p><br>The FTSE EPRA Nareit global series is constantly adapting to the changing landscape of real estate investing. As shown above, property sectors outside of the traditional four property types and diversified now account for more than 39% of the market cap of investable developed markets as of Dec. 31, 2024. This compares with just over 15% as of year-end 2014. This growth was driven, in part, by the introduction of data centers and telecommunications, which make up 16% of the Developed Extended Index weight as of year-end.</p><p><strong>FTSE EPRA Nareit Provides the Broadest Global Real Estate Coverage</strong></p><p>The intention of the Extended indices is to offer exposure to new and emergent property sectors that diverge from traditional notions of real estate, such as telecommunications. An area of noted interest from global real estate investors has been the inclusion of global cell tower operators that operate businesses similar to U.S. telecommunications REITs.</p><p>Accordingly, at the 2024 fourth quarter review of the FTSE EPRA Nareit Global Real Estate Index Series it was announced that eligibility for inclusion in the Global Extended indices will be expanded to cover telecommunications services (ICB 15102015) companies that own cell tower infrastructure and operate it for external telecom operators. These companies must derive at least 75% of their revenues from rental activities and/or services provided to external telecom operators.</p><p>This methodology update reflects the goal of the index partners to maintain the broadest, most inclusive representation of the global real estate opportunity set, while maintaining the ability of clients to tailor exposure to fit their investing goals. Please contact <a href="https://www.lseg.com/en/ftse-russell/indices/epra-nareit">FTSE Russell</a> to inquire about subscribing to the FTSE EPRA Nareit Global Real Estate Index Series.</p></div> </div> </div> </div> </div> <div class="node--full__related-content"> <h5>Read more news about:</h5> <div class="field field--name-field-search-categories field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/taxonomy/term/614" hreflang="und">Market Analysis & Research</a></div> </div> </div> <div class="mailchimp-subscription-block"> <div class="mailchimp-subscription-block__content"> <h3 class="mailchimp-subscription-block__text">Get Nareit Market Commentary blog posts delivered straight to your inbox.</h3> <a class="mailchimp-subscription-block__button" data-colorbox-inline=".webform-submission-mailchimp-embed-form-copy-form">Subscribe</a> </div> </div> </div> </article> </div> <div id="block-recommendedlinksblock" class="block block-nareit-recommended block-recommended-block"> <h2>You Might Also Like...</h2> <div class="view-you-might-also-like"> <div class="view-content"> <div class="views-row"> <a href="/what-reit"> <div class="you-may-also--content"> <h4>What's a REIT?</h4> <p><p>REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade on major stock exchanges, and they offer a number of benefits to investors.</p> </p> </div> </a> </div> <div class="views-row"> <a href="/investing/why-invest-reits"> <div class="you-may-also--content"> <h4>Why Invest in REITs</h4> <p><p>REITs historically have delivered competitive total returns, based on high, steady dividend income and long-term capital appreciation. Their comparatively low correlation with other assets also makes them an excellent portfolio diversifier that can help reduce overall portfolio risk and increase returns. These are the characteristics of real estate investment.</p> </p> </div> </a> </div> <div class="views-row"> <a href="/nareit"> <div class="you-may-also--content"> <h4>About Nareit</h4> <p><p>Nareit serves as the worldwide representative voice for REITs and real estate companies with an interest in U.S. real estate. 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