REET
iShares Global REIT ETF
iShares Global REIT ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the investment results of an index composed of global real estate equities in the developed and emerging markets.
Fund Basics
| Fund sponsor | BlackRock Fund Advisors |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 08, 2014 |
| Assets (mns) | $3,074 |
| Expense ratio | 14 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| PROLOGIS INC | 8.5 % |
| EQUINIX INC | 5.4 % |
| PUBLIC STORAGE | 3.2 % |
| WELLTOWER, INC. | 3.2 % |
| SIMON PROPERTY GROUP INC | 2.8 % |
| DIGITAL REALTY TRUST INC | 2.8 % |
| REALTY INCOME CORP | 2.7 % |
| VICI PROPERTIES INC | 2.4 % |
| EXTRA SPACE STORAGE INC | 2.0 % |
| AVALONBAY COMMUNITIES INC | 1.9 % |
Constituent Breakdown
| Number of holdings | 343 |
| Herfindahl-Hirschman Index | 196 |
| Wgt avg mkt cap (mns) | $23,421 |
| Large cap (>$10bn) | 55.4% |
| Mid cap ($2-10bn) | 31.7% |
| Small cap (<$2bn) | 11.1% |
| Developed mkts. | 98.4% |
| Emerging mkts. | 1.6% |
Country Exposure
 |
UNITED STATES | 71.3 % |
 |
JAPAN | 7.0 % |
 |
BRITAIN | 3.9 % |
 |
AUSTRALIA | 3.5 % |
 |
SINGAPORE | 3.2 % |
 |
CANADA | 2.7 % |
 |
FRANCE | 1.2 % |
 |
HONG KONG | 1.1 % |
 |
BELGIUM | 1.0 % |
 |
MEXICO | 0.7 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 2.1% | -4.1% | -9.2% | 4.3% | 1.0% | -- | 3.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.00 | 83% |
| MSCI EAFE | 0.94 | 78% |
| MSCI Emg Mkts | 0.70 | 41% |
Liquidity Measures
| Avg. volume (000) | 431 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.05% |
| ADV of underlying (mns) | $3,452 |
Technical Indicators
| Recent close | $22.50 |
| 30d moving avg. | $22.74 |
| Annualized volatility | 19.6% |
| Relative strength (RSI) | 44 |
| Short interest (ETF) | 0.5% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. REET |
Expenses vs. REET |
ALTAR Score™ vs. REET |
|---|---|---|---|---|
| RWO | SPDR Dow Jones Global Real Estate ETF | 86.1% | +36 bp | -0.3% |
| DFGR | Dimensional Global Real Estate ETF | 82.6% | +8 bp | 0.0% |
| AVRE | Avantis Real Estate ETF | 80.9% | +3 bp | -0.5% |
| ERET | iShares Environmentally Aware Real Estate ETF | 75.9% | +16 bp | +0.2% |
| BBRE | JPMorgan BetaBuilders MSCI U.S. REIT ETF | 71.3% | -3 bp | +0.4% |
| FRI | First Trust S&P REIT Index Fund | 71.3% | +36 bp | -0.1% |
| USRT | iShares Core U.S. REIT ETF | 71.3% | -6 bp | +0.4% |
| DFAR | Dimensional US Real Estate ETF | 71.1% | +5 bp | +0.3% |
| FREL | Fidelity MSCI Real Estate Index ETF | 71.0% | -6 bp | +0.3% |
| SCHH | Schwab U.S. REIT ETF | 71.0% | -7 bp | +0.4% |
Risk and Returns: REET vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2022 | 2023E | Fwd Est | 2024E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 9/20/2023
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
REET
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
REET
7.1%
Cat. Avg
4.1%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 7.1% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 345 funds in the Global Equities category, with an average ALTAR Score™
of 4.1% and a standard deviation of
5.0%. REET's ALTAR Score™ is approximately
0.6 standard deviations
above
the category average. This places REET in the 73rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
REET
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| REET | 14.0 | 4.6 | 18.6 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .