iShares U.S. Real Estate ETF (IYR)
Description
The iShares U.S. Real Estate ETF (IYR) offers comprehensive exposure to the U.S. real estate market by investing in a diverse mix of REITs and real estate operating companies. As one of the largest ETFs in its category, it covers a broad range of property types without prioritizing any specific sector or strategy. However, its expense ratio is relatively higher compared to other diversified U.S. real estate ETFs, which may be a consideration for cost-conscious investors.
Dow Jones U.S. Real Estate Capped Index
The Dow Jones U.S. Real Estate Capped Index aims to measure the performance of real estate investment trusts (REITs) and companies involved in real estate through development, management, ownership, or property agencies.
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 2025
18.6
FFO Multiple 2026
17.6
Debt/EBITDA
7.8
Debt Ratio
28.4%
Last updated at 2025-07-14, calculated using 89% of holdings.
Top Holdings
| # | Name | Ticker | Sector | Holding Percentage | Dividend Yield | FFO Multiple 2025 | FFO Multiple 2026 | Debt/EBITDA | Debt Ratio |
|---|---|---|---|---|---|---|---|---|---|
| 1 | American Tower Corp | AMT | Telecom Tower REITs | 7.81% | 3.53% | 21.5 | 21.3 | 32.58 | 34.30% |
| 2 | Prologis | PLD | Industrial REITs | 7.36% | 3.63% | 18.4 | 17.0 | 3.94 | 23.50% |
| 3 | Welltower Inc. | WELL | Health Care REITs | 7.34% | 2.13% | 37.0 | 33.3 | 7.93 | 14.80% |
| 4 | Digital Realty Trust | DLR | Data Center REITs | 4.30% | 2.75% | 26.5 | 25.1 | 8.80 | 23.40% |
| 5 | Equinix Inc | EQIX | Data Center REITs | 3.90% | 1.81% | 22.1 | 20.5 | 5.72 | 17.40% |
| 6 | Realty Income | O | Retail REITs | 3.89% | 5.92% | 13.5 | 12.9 | 5.49 | 37.80% |
| 7 | Simon Property Group | SPG | Retail REITs | 3.81% | 4.88% | 12.8 | 13.0 | 4.71 | 28.80% |
| 8 | Crown Castle Inc | CCI | Telecom Tower REITs | 3.50% | 6.90% | 15.1 | 15.2 | 6.71 | 42.90% |
| 9 | Public Storage | PSA | Self Storage REITs | 3.42% | 4.01% | 17.0 | 16.5 | 2.51 | 15.20% |
| 10 | CBRE Group Inc | CBRE | Real Estate Services | 3.13% | |||||
| 11 | CoStar Group Inc | CSGP | Real Estate Services | 2.73% | |||||
| 12 | VICI Properties | VICI | Specialized REITs | 2.65% | 5.92% | 14.6 | 14.2 | 4.63 | 36.70% |
| 13 | Extra Space Storage | EXR | Self Storage REITs | 2.40% | 4.33% | 18.3 | 17.8 | 4.94 | 27.20% |
| 14 | Ventas Inc | VTR | Health Care REITs | 2.27% | 3.06% | 20.8 | 19.3 | 6.98 | 35.90% |
| 15 | Iron Mountain | IRM | Specialized REITs | 2.24% | 2.72% | 22.1 | 20.2 | 6.95 | 34.40% |
| 16 | Avalonbay Communities | AVB | Residential REITs | 2.20% | 3.09% | 18.3 | 17.6 | 4.06 | 21.50% |
| 17 | SBA Communications | SBAC | Telecom Tower REITs | 1.92% | 1.92% | 17.6 | 18.2 | 8.69 | 35.90% |
| 18 | Equity Residential | EQR | Residential REITs | 1.75% | 3.76% | 17.3 | 16.7 | 4.34 | 23.60% |
| 19 | Essex Prop Trust | ESS | Residential REITs | 1.41% | 3.43% | 18.4 | 18.0 | 4.03 | 25.30% |
| 20 | Invitation Homes | INVH | Residential REITs | 1.40% | 3.63% | 17.1 | 16.6 | 5.68 | 31.50% |
Related Articles
Yields
Relative Performance
| Name | Expense Ratio |
Sharpe Ratio ? The Sharpe Ratio measures risk-adjusted returns, showing how much return the ETF generates for each unit of risk. Comparing Sharpe Ratios helps you evaluate whether the ETF offers better returns relative to its risk compared to other investments. Usually, the higher the number, the better the risk-reward balance. |
FFO Multiple 2025 | FFO Multiple 2026 | Distribution Yield | Debt/EBITDA | Debt Ratio |
|---|---|---|---|---|---|---|---|
| iShares U.S. Real Estate ETF | 0.39% | 0.36 | 18.6 | 17.6 | 2.47% | 7.8 | 28.4% |
| FTSE NAREIT Equity REIT Index | - | 0.41 | - | - | - | - | - |
* Note that financial ratios are not calculated using all the holdings of the ETFs.
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.
iShares U.S. Real Estate ETF
(2001-2024)
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