Real Estate Select Sector SPDR® Fund ETF (XLRE)
Description
The Real Estate Select Sector SPDR® Fund (XLRE) offers broad exposure to the U.S. real estate sector by investing in real estate companies in the S&P 500 index. As one of the largest ETFs in its category, it spans multiple property types without favoring a specific sector or strategy. With a low expense ratio, the ETF offers investors a cost-efficient way to invest in the real estate sector. Despite holding fewer stocks than other funds, it delivers comparable diversification across the real estate sector, making it a competitive choice for investors.
Real Estate Select Sector Index
The Real Estate Select Sector Index focuses on large-cap companies within the Real Estate sector, as defined by the Global Industry Classification Standard (GICS®). These companies are chosen specifically from the S&P 500 Index based on their GICS® classification in the Real Estate sector.
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
19.6
FFO Multiple 2026
18.5
Debt/EBITDA
8.3
Debt Ratio
27.4%
Last updated at 2025-07-14, calculated using 93% of holdings.
Top Holdings
| # | Name | Ticker | Sector | Holding Percentage | Dividend Yield | FFO Multiple 2025 | FFO Multiple 2026 | Debt/EBITDA | Debt Ratio |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Prologis | PLD | Industrial REITs | 10.15% | 3.63% | 18.4 | 17.0 | 3.94 | 23.50% |
| 2 | American Tower Corp | AMT | Telecom Tower REITs | 9.17% | 3.53% | 21.5 | 21.3 | 32.58 | 34.30% |
| 3 | Welltower Inc. | WELL | Health Care REITs | 8.15% | 2.13% | 37.0 | 33.3 | 7.93 | 14.80% |
| 4 | Equinix Inc | EQIX | Data Center REITs | 7.55% | 1.81% | 22.1 | 20.5 | 5.72 | 17.40% |
| 5 | Simon Property Group | SPG | Retail REITs | 4.69% | 4.88% | 12.8 | 13.0 | 4.71 | 28.80% |
| 6 | Realty Income | O | Retail REITs | 4.64% | 5.92% | 13.5 | 12.9 | 5.49 | 37.80% |
| 7 | Public Storage | PSA | Self Storage REITs | 4.54% | 4.01% | 17.0 | 16.5 | 2.51 | 15.20% |
| 8 | Digital Realty Trust | DLR | Data Center REITs | 4.29% | 2.75% | 26.5 | 25.1 | 8.80 | 23.40% |
| 9 | Crown Castle Inc | CCI | Telecom Tower REITs | 3.97% | 6.90% | 15.1 | 15.2 | 6.71 | 42.90% |
| 10 | CBRE Group Inc | CBRE | Real Estate Services | 3.54% | |||||
| 11 | VICI Properties | VICI | Specialized REITs | 3.19% | 5.92% | 14.6 | 14.2 | 4.63 | 36.70% |
| 12 | CoStar Group Inc | CSGP | Real Estate Services | 3.03% | |||||
| 13 | Extra Space Storage | EXR | Self Storage REITs | 3.01% | 4.33% | 18.3 | 17.8 | 4.94 | 27.20% |
| 14 | Avalonbay Communities | AVB | Residential REITs | 2.83% | 3.09% | 18.3 | 17.6 | 4.06 | 21.50% |
| 15 | Ventas Inc | VTR | Health Care REITs | 2.62% | 3.06% | 20.8 | 19.3 | 6.98 | 35.90% |
| 16 | Iron Mountain | IRM | Specialized REITs | 2.32% | 2.72% | 22.1 | 20.2 | 6.95 | 34.40% |
| 17 | Equity Residential | EQR | Residential REITs | 2.23% | 3.76% | 17.3 | 16.7 | 4.34 | 23.60% |
| 18 | SBA Communications | SBAC | Telecom Tower REITs | 2.22% | 1.92% | 17.6 | 18.2 | 8.69 | 35.90% |
| 19 | Weyerhaeuser | WY | Timberland REITs | 2.01% | 2.84% | 29.1 | 20.1 | 8.43 | 19.90% |
| 20 | Invitation Homes | INVH | Residential REITs | 1.81% | 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 |
|---|---|---|---|---|---|---|---|
| The Real Estate Select Sector SPDR® Fund | 0.08% | 0.33 | 19.6 | 18.5 | 3.35% | 8.3 | 27.4% |
| FTSE NAREIT Equity REIT Index | - | 0.28 | - | - | - | - | - |
* 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.
The Real Estate Select Sector SPDR® Fund
(2016-2024)
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