Fidelity MSCI Real Estate Index ETF (FREL)
Description
The Fidelity MSCI Real Estate Index ETF provides extensive exposure to the U.S. real estate market through a diverse portfolio of REITs and real estate operating companies. The fund covers a broad range of property types without prioritizing any specific sector or strategy. With its low expense ratio, FREL offers investors a cost-effective option for accessing the U.S. real estate sector.
MSCI USA IMI Real Estate Index
The MSCI USA IMI Core Real Estate Index is a free float-adjusted market capitalization index that includes large, mid, and small-cap stocks focused on owning, developing, and managing core property types.
Sectors
?Real estate sectors vary in risk and opportunity based on market conditions. The financial ratios highlight pricing and leverage in each sector, helping you evaluate the ETF’s diversification and potential risks.
Click here for further information about real estate sectors.
Click here for further information about real estate sectors.
Average Ratios
?These metrics reveal key insights about the ETF's financial profile. The FFO Multiple shows how the market values the ETF’s cash flow, while Debt/EBITDA and Debt Ratio highlight its leverage and financial stability. Together, they help you evaluate the ETF’s valuation and risk profile.
Click here for further information about FFO Multiples.
Click here for further information about FFO Multiples.
FFO Multiple 2026
20.2
FFO Multiple 2027
18.5
Debt/EBITDA
8.2
Debt Ratio
27.5%
Last updated at 2026-04-06, calculated using 64% of holdings.
Top Holdings
| # | Name | Ticker | Sector | Holding Percentage | Dividend Yield | FFO Multiple 2026 | FFO Multiple 2027 | Debt/EBITDA | Debt Ratio |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Welltower Inc. | WELL | Health Care REITs | 8.49% | 1.57% | 33.3 | 29.2 | 7.93 | 15.20% |
| 2 | Prologis | PLD | Industrial REITs | 8.17% | 3.09% | 21.6 | 20.1 | 3.94 | 25.40% |
| 3 | American Tower Corp | AMT | Telecom Tower REITs | 5.33% | 3.79% | 15.9 | 15.1 | 32.58 | 33.30% |
| 4 | Equinix Inc | EQIX | Data Center REITs | 4.84% | 2.29% | 24.9 | 23.2 | 5.72 | 22.90% |
| 5 | Simon Property Group | SPG | Retail REITs | 4.20% | 4.60% | 14.5 | 14.1 | 4.71 | 29.40% |
| 6 | Digital Realty Trust | DLR | Data Center REITs | 4.14% | 2.94% | 23.2 | 21.2 | 8.80 | 26.50% |
| 7 | Realty Income | O | Retail REITs | 3.79% | 5.30% | 13.9 | 13.5 | 5.49 | 35.90% |
| 8 | Public Storage | PSA | Self Storage REITs | 3.03% | 4.34% | 16.5 | 15.9 | 2.51 | 16.80% |
| 9 | CBRE Group Inc | CBRE | Real Estate Services | 2.79% | |||||
| 10 | Ventas Inc | VTR | Health Care REITs | 2.60% | 2.47% | 22.0 | 20.1 | 6.98 | 29.30% |
| 11 | Crown Castle Inc | CCI | Telecom Tower REITs | 2.52% | 4.90% | 18.0 | 15.9 | 6.71 | 41.30% |
| 12 | Iron Mountain | IRM | Specialized REITs | 2.10% | 3.75% | 18.3 | 16.3 | 6.95 | 38.80% |
| 13 | VICI Properties | VICI | Specialized REITs | 2.00% | 6.41% | 11.3 | 10.9 | 4.63 | 33.90% |
| 14 | Extra Space Storage | EXR | Self Storage REITs | 1.96% | 4.70% | 16.2 | 15.7 | 4.94 | 29.70% |
| 15 | Avalonbay Communities | AVB | Residential REITs | 1.64% | 3.94% | 14.4 | 13.8 | 4.06 | 25.70% |
| 16 | SBA Communications | SBAC | Telecom Tower REITs | 1.52% | 2.41% | 16.7 | 16.9 | 8.69 | 42.30% |
| 17 | Equity Residential | EQR | Residential REITs | 1.45% | 4.44% | 14.6 | 14.0 | 4.34 | 25.70% |
| 18 | Weyerhaeuser | WY | Timberland REITs | 1.24% | 3.26% | 28.5 | 14.7 | 8.43 | 24.10% |
| 19 | CoStar Group Inc | CSGP | Real Estate Services | 1.16% | |||||
| 20 | Sun Communities | SUI | Residential REITs | 1.13% | 3.26% | 18.4 | 17.4 | 7.91 | 20.40% |
Related Articles
Yields
Relative Performance
Error: Data missing for year 2025.
Yield Histograms
?The histograms show the range and frequency of annual returns for the ETF and a comparable benchmark. They help investors assess the ETF’s historical performance, volatility, and risk profile, offering insights into how it may behave in different market conditions.
Fidelity MSCI Real Estate Index ETF
(2016-2024)
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