Fidelity MSCI Real Estate Index ETF (FREL)
| Assets | $977.41M |
| Expense Ratio | 0.08% |
| PE Ratio | 32.35 |
| Shares Out | 36.75M |
| Dividend (ttm) | $0.94 |
| Dividend Yield | 3.50% |
| Ex-Dividend Date | Dec 20, 2024 |
| Payout Ratio | 111.49% |
| 1-Year Return | +1.55% |
| Volume | 337,332 |
| Open | 26.42 |
| Previous Close | 26.39 |
| Day's Range | 26.42 - 27.14 |
| 52-Week Low | 23.61 |
| 52-Week High | 30.07 |
| Beta | 1.06 |
| Holdings | 149 |
| Inception Date | Feb 2, 2015 |
About FREL
Fund Home PageThe Fidelity MSCI Real Estate Index ETF (FREL) is an exchange-traded fund that is based on the MSCI US IMI/Real Estate 25-25 index. The fund tracks a cap-weighted index of US REIT and real estate companies across the entire market-cap spectrum. FREL was launched on Feb 2, 2015 and is issued by Fidelity.
Top 10 Holdings
43.50% of assets| Name | Symbol | Weight |
|---|---|---|
| Prologis, Inc. | PLD | 6.71% |
| Equinix, Inc. | EQIX | 6.25% |
| American Tower Corporation | AMT | 5.99% |
| Welltower Inc. | WELL | 4.44% |
| Digital Realty Trust, Inc. | DLR | 4.11% |
| Simon Property Group, Inc. | SPG | 3.95% |
| Public Storage | PSA | 3.27% |
| Realty Income Corporation | O | 3.20% |
| Crown Castle Inc. | CCI | 2.82% |
| CBRE Group, Inc. | CBRE | 2.75% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 20, 2024 | $0.224 | n/a |
| Sep 20, 2024 | $0.221 | Sep 24, 2024 |
| Jun 21, 2024 | $0.246 | Jun 25, 2024 |
| Mar 15, 2024 | $0.250 | Mar 20, 2024 |
| Dec 15, 2023 | $0.209 | Dec 20, 2023 |
| Sep 15, 2023 | $0.225 | Sep 20, 2023 |
News
Earnings Metrics Of Several U.S. Office REITs Drop In Q3
Most US office REITs ended Q3 with weaker operating metrics compared with the previous 3-month period, as demand for offices continued to drop amid higher rent. In terms of recurring EBITDA, 13 office...
At-The-Market Issuance By U.S. REITs Hits All-Time Quarterly High In Q3 2024
Total proceeds raised by US equity real estate investment trusts through at-the-market offering programs rocketed to an all-time high in the third quarter. US REITs raised an aggregate of $7.21 billio...
NAV Monitor: U.S. Equity REITs End November At 6.5% Median Discount
Publicly listed US equity real estate investment trusts closed Nov. 29 at a median 6.5% discount to their consensus net asset value per share estimates. The hotel sector continued to trade at the larg...
REITs: Key Demographic Trends Driving Opportunity
Understanding long-term demographic trends is crucial for real estate investments, with population growth and density significantly impacting property values. The aging U.S. population will drive dema...
The State Of REITs: November 2024 Edition
The REIT sector snapped a 5-month winning streak with a -3.42% average total return in October. Micro cap (-2.04%) and mid-cap (-2.30%) REITs averaged modest declines in October, while large caps (-3....
Firming Inflation Fizzles Optimism
U.S. equity markets posted their worst week in two months as benchmark interest rates jumped to four-month highs after a critical slate of inflation data showed modestly firming price pressures. Fueli...
5 U.S. REITs Suspend Dividends Amid 2024 Cuts
Five US real estate investment trusts have suspended dividends so far this year, while six other REITs have lowered regular dividend payouts. The activity contrasts with the more than one-third of the...
An Inflection Point In Residential Real Estate
Residential real estate supply is limited due to construction costs relative to NOI. In 2025 and 2026, housing will be increasingly undersupplied. The undersupply should drive up property revenues unt...
The State Of REITs: October 2024 Edition
REITs achieved their 5th straight month in the black with a +3.09% average total return in September and +9.61% year to date. Mid-cap (+5.01%), large cap (+3.41%) and small cap REITs (+2.59%) averaged...
U.S. REITs Log Dip In Short Interest In September
Average REIT short interest fell 8 basis points in September to 3.7% of shares outstanding, per S&P Global Market Intelligence data. The hotel sector followed with a 60-basis point drop, while the off...
FREL: This 3.3%-Yielding Fund Should Benefit From A Low Rate Environment
FREL offers a diversified portfolio with low exposure to cyclical sectors and a reasonable expense ratio of 0.08%, making it attractive for REIT investors. The fund benefits from secular growth trends...
Perspectives: Listed REITs - Fall Edition
Public REITs have benefited from a great rotation within equity markets since the end of June, with U.S. REITs returning 13.2% vs. S&P 500 3.7%. Clear evidence of a growth slowdown and moderating infl...
Canadian REITs: Higher Yield Up North
For income-focused investors willing to venture outside the United States, Canadian REITs offer appealing qualities as a potential portfolio diversifier alongside their larger and more established U.S...
The REIT Comeback: Earnings Recap
Over 200 U.S. REITs and homebuilders have reported second-quarter earnings results over the past six weeks, providing critical information on the state of the commercial and residential real estate in...
REIT Earnings Halftime Report
We're at the halfway point of another consequential real estate earnings season, with 75 of the roughly 150 equity REITs and 19 of 38 mortgage REITs now having reported results. Amid an otherwise unde...
The State Of REITs: July 2024
The REIT sector continued to recover in June with a +1.12% average total return, but closed out the first half of the year in the red (-3.86%). Micro cap REITs (-3.79%) averaged a negative total retur...
The State Of REITs: June 2024 Edition
After a rough start to the year, REITs partially bounced back in May with a +2.51% average total return. Small-cap REITs (-0.48%) averaged a negative return in May, but micro caps (+5.09%), large caps...
FREL: Average, But Still A Hold For The Upcoming REIT Rally
FREL, an ETF tracking the real estate sector, has a high correlation with long-term bond ETFs. The case for REITs depends on long-term yields coming down, and the Fed is expected to cut rates, which c...
State Of REIT Nation: Waiting At The Bottom
REITweek, the annual REIT industry conference, was held last week in New York City. Humbled by two years of rate-driven headwinds, the venue halls were as quiet as any REITweek. Excitement was muted a...