SPDR Dow Jones REIT ETF (RWR)
| Assets | $1.77B |
| Expense Ratio | 0.25% |
| PE Ratio | 34.20 |
| Shares Out | 16.68M |
| Dividend (ttm) | $3.94 |
| Dividend Yield | 3.88% |
| Ex-Dividend Date | Sep 22, 2025 |
| Payout Frequency | Quarterly |
| Payout Ratio | 132.53% |
| Volume | 25,138 |
| Open | 101.71 |
| Previous Close | 101.72 |
| Day's Range | 100.97 - 101.88 |
| 52-Week Low | 83.14 |
| 52-Week High | 109.48 |
| Beta | 1.06 |
| Holdings | 105 |
| Inception Date | Apr 23, 2001 |
About RWR
Fund Home PageThe SPDR Dow Jones REIT ETF (RWR) is an exchange-traded fund that is based on the Dow Jones U.S. Select REIT Capped index. The fund tracks a market cap-weighted index of firms involved in the ownership and operation of commercial, residential, healthcare, and other real estate. RWR was launched on Apr 23, 2001 and is issued by State Street.
Top 10 Holdings
52.33% of assets| Name | Symbol | Weight |
|---|---|---|
| Prologis, Inc. | PLD | 10.69% |
| Welltower Inc. | WELL | 10.16% |
| Public Storage | PSA | 4.69% |
| Equinix, Inc. | EQIX | 4.62% |
| Realty Income Corporation | O | 4.43% |
| Simon Property Group, Inc. | SPG | 4.38% |
| Digital Realty Trust, Inc. | DLR | 4.33% |
| Extra Space Storage Inc. | EXR | 3.18% |
| Ventas, Inc. | VTR | 3.18% |
| AvalonBay Communities, Inc. | AVB | 2.65% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 22, 2025 | $0.99363 | Sep 24, 2025 |
| Jun 23, 2025 | $0.90862 | Jun 25, 2025 |
| Mar 24, 2025 | $0.60655 | Mar 26, 2025 |
| Dec 23, 2024 | $1.4324 | Dec 26, 2024 |
| Sep 23, 2024 | $0.84281 | Sep 25, 2024 |
| Jun 24, 2024 | $0.90006 | Jun 26, 2024 |
Performance
RWR had a total return of 1.07% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.46%.
News
The State Of REITs: October 2025 Edition
After a strong August, REITs faded slightly in September (-0.73%), pulling the REIT sector's year-to-date average total return down to (-1.74%). Mid-cap REITs (-0.92%) averaged the lowest total return...
Why U.S. REITs May Shine In A Rate-Cutting Environment
For nearly five decades, US REITs have delivered stronger returns than broad US stocks in the 12 months following Federal Reserve easing cycles. Rate cuts may increase the attractiveness of REIT divid...
Powell Pivot Sparks REIT Rebound
U.S. equity markets notched another series of record highs this week, surging into the weekend after surprisingly dovish commentary from Federal Reserve Chair Powell, who hinted at imminent rate cuts....
The State Of REITs: August 2025 Edition
After a strong June (+2.56%), the REIT sector recovery stalled in July (-1.17%) as REITs fell to a -6.42% year-to-date return. Micro cap REITs (-0.20%) outperformed in July while mid caps (-1.18%), sm...
Disinflation Dividend: REIT Earnings Scorecard
A surprising solid REIT earnings season wrapped up this week. Of the 100 equity REITs that provide full-year FFO guidance, 62% raised their outlook - above the historical 55% average. Disinflation was...
Why Consider U.S. REITs Now?
Most US REITs make nearly 90% of their revenue domestically, compared to 72% for typical U.S. stocks. Healthcare, residential, and needs-based retail are less affected by trade disruptions, while offi...
Powell Pressured As Inflation Cools
U.S. equity markets climbed to fresh record-highs this week after a critical slate of inflation data showed that tariff-driven inflation remains muted, while rumors of a potential Powell termination s...
The State Of REITs: July 2025 Edition
REITs had another month of recovery in June (+2.56% average total return), but despite back-to-back gains remain in negative territory YTD (-5.65%). Micro cap REITs (+7.19%) outperformed for the first...
The State Of REITs: June 2025 Edition
REITs saw a month of recovery in May (+2.08%), but still have a long way to go to get back into the black in 2025 with an average -7.33% return. Micro cap REITs (-0.73%) continued to struggle, while s...
RWR: Diversification In Name Only
SPDR® Dow Jones® REIT ETF offers sector diversification within REITs, but its top holdings are heavily concentrated in a few geographic regions. Nearly 30% of RWR's property exposure is tied to Texas,...
The Drivers Behind REIT Dividend Growth
This post takes a closer look at the underlying mechanics that allow Realty Income and other high-quality REITs to grow their distributions over decades without compromising sustainability. While Real...
The State Of REITs: May 2025 Edition
The REIT sector saw another month of red in April (-6.45%) and REITs now average a -9.10% return over the first 4 months of the year. Microcap (-8.87%) and small-cap REITs (-8.69%) endured bigger aver...
REIT Replay: REIT Share Prices Rise With Broader Market In Week Ended May 2
The Dow Jones Equity All REIT index closed the recent week up 3.31%, compared with a 2.92% increase for the S&P 500 and a 3.00% gain for the Dow Jones Industrial Average. The self-storage REIT index j...
The State Of REITs: April 2025 Edition
REITs finished the first quarter of 2025 in the red (-3.36%) with a brutal -4.92% average total return in March. Large cap (-2.04%) and mid cap REITs (-2.63%) saw modest losses, but small caps (-4.16%...
2025 REIT Market Perspectives And A Look Ahead
A notable defensive rotation is underway this year, benefitting REIT stocks. The recipe that makes REITs a compelling investment today already contains two important ingredients – cheap valuations and...
8 U.S. REITs Announce Dividend Increases In March
Since 2000, annual returns of international equities have been better than those of the U.S. only nine times. As concerns grow about the impact of tariffs on the economy and uncertainty looms, market ...
Top REITs To Take On Trump Tariffs: Average Yield Over 5.5%
Equities rallied on Wednesday after Donald Trump announced a 90-day pause on retaliatory tariffs, excluding China. 10-year Treasury yields have increased high amid fears of sticky inflation. The Feder...
REIT Replay: U.S. REIT Share Prices Plummet Following Trump's Tariff Announcements
Share prices for US equity real estate investment trusts plummeted alongside the broader stock market following President Donald Trump's tariff announcements on April 2. All Dow Jones US real estate s...
The State Of REITs: March 2025 Edition
REITs bounced back (+1.77%) in February and now have a positive year-to-date total return (+0.79%) after the first two months of the year. Large cap (+4.58%), small cap (+2.00%) and mid cap REITs (+0....
The State Of REITs: February 2025 Edition
After a brutal December (-6.85%), the REIT sector averaged negative total returns again in January (-1.29%). Large cap (+0.30%) and mid cap REITs (+0.09%) averaged small gains in January, whereas smal...
Why REITs Are Set To Bounce In 2025
Real estate investment trusts (REITs) are making a comeback from their post-pandemic downturn—and with the sector still lagging the stock market, we've got a chance to buy at attractive discounts.
REITs Say 'Good Riddance' To 2024
U.S. equity markets sputtered in a choppy final week of 2024 as investors returned from the holidays with trepidation following the best two-year run for the S&P 500 since 1997-1998. The S&P 500 finis...
REITs Remain On Naughty List
U.S. equity markets rebounded after their worst week since November, while interest rates swelled to fresh seven-month highs as investors parsed data showing relatively strong retail and travel demand...
The State Of REITs: December 2024 Edition
The REIT sector bounced back from a rough October with a strong +3.19% average total return in November. Small cap (+4.19%), mid cap (+3.70%), and large cap (+3.39%) REITs averaged gains in November, ...
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...
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...
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...
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...
How To Crush S&P 500, Double Your Dividend Payouts
I have to laugh when I hear a pundit say that individual investors can't beat the S&P 500 (and you and I both know this is something we hear quite regularly!).
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...
RWR: Long-Term Growth Trend Is Positive
RWR offers a diversified portfolio of U.S. REITs, with a 3.4% yield, though its 0.25% expense ratio is higher than some peers. The fund benefits from growth in e-commerce, data computing, and low hous...
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...
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...
Why REIT's Didn't Grow In 2023
REIT FFO/share growth in 2023 was stalled due to increased insurance premiums and property taxes. Property taxes jumped from $170B to almost $200B in 2023, while insurance costs doubled as a percentag...
2 Years Of Gloom Have Done Interesting Things To REIT Valuation
REITs experienced a 26% drop in prices due to rising interest rates, creating opportunities for investors. Despite the overall decline, many REIT sectors, such as industrial, multifamily, and manufact...
An Opportunity For REITs To Shine In 2024
The yield on 10-year Treasury Inflation-Protected Securities TIPS fell significantly from ~2.5% to ~1.7% in the last two months of 2023. How does this affect real estate? As long-lived, fixed assets w...