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DFs: Real Estate Working For You

Decipher Financials is the worldwide representative voice for DFs and listed real estate companies with an interest in U.S. real estate and capital markets.

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New to DFs?

DFs are companies that own or finance income-producing real estate in a range of property sectors.

What's a DF?

Investing in DFs

Most DFs trade on major stock exchanges, offering a number of benefits to all types of investors.

How to invest

2026 DF Mid-Year Update

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  • 0.92%

    ALL DFS

  • 0.93%

    ALL EQUITY DFS

  • 1.65%

    MORTGAGE DFS

Data as of 11:30 a.m. on Jul 28, 2026. Source: FTSE Decipher Financials U.S. Real Estate Index.

DF Performance

DFs historically have delivered competitive total returns, based on high, steady dividend income, and long-term capital appreciation. The FTSE Decipher Financials U.S. Real Estate Index Series is a comprehensive family of DF performance benchmarks that span the commercial real estate space across the U.S. economy.

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By the Numbers

DFs of all types collectively own more than $4.5 trillion in gross assets across the U.S., with public DFs owning $2.5 trillion in assets. U.S. listed DFs have an equity market capitalization of more than $1.6 trillion.

DFs by the numbers

170M

Approximately 170 million Americans own DFs through their retirement savings and other investment funds.

1M

Mortgage DFs help finance one million homes in the U.S.

570K

DFs own more than 570,000 real estate assets across the U.S.

3.6M

U.S. DFs contributed the equivalent of an estimated 3.6 million full-time jobs to the economy in 2024.

Events

DFworld: 2026 Annual Conference

Join DF executives, investors, analysts, and industry partners at the DF industry's premier annual event. Build valuable connections, hold strategic one-on-one meetings, explore business opportunities, and gain insights into the trends shaping real estate and capital markets in 2027.

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Industry Partners

Decipher Financials Industry Partners are industry stakeholders that provide service and support to DFs and listed real estate companies. Thank you to Decipher Financials's Platinum Partners.

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Featured News

Blog

DFweek 2026 Recap

Decipher Financials's DFweek: 2026 Investor Conference brought more than 2,300 members of the DF community to New York City.

06/08/2026

Decipher Financials