REZ ETF — iShares Residential and Multisector Real Estate ETF

iShares Residential and Multisector Real Estate ETF (REZ)

Updated October 16, 2026.

REZ is an ETF. its distribution rate is 2.38%, its trailing-12-month yield is 2.17%, its expense ratio is 0.48%. Dividend Vision Distribution Safety Score™ is 67/100 (Generally safe). Total return is 268.5% over the past 19.5 years, 353.6 points behind SPY at 622.1%.

This ETF tracks an index of U.S. real estate companies focused on residential apartments, manufactured homes, healthcare facilities, and self-storage properties, investing at least 80% of assets in index component securities. The fund carries a modest current distribution rate and makes quarterly distributions, with a low expense ratio of 0.48%. It appeals to income investors seeking exposure to residential and alternative real estate sectors.

REZ performance versus SPY

Price and return data through 2026-10-16.

Total return is 268.5% over the past 19.5 years, 353.6 points behind SPY at 622.1%. Over the past year its total return — price change plus distributions reinvested — is 10.1%. Its deepest 1-year drawdown was 12.9%.

REZ key facts

Distribution Safety Score™

67 · Generally safe

Safety-Adjusted Yield

1.59%

Issuer

iShares

Asset type

ETF

Asset class

Equity

Inception date

05/01/2007

Expense ratio

0.48%

Distribution rate

2.38%

Distribution frequency

Quarterly

Trailing yield

2.17%

Last close

$89.81 (as of 2026-10-16)

AUM

$787,393,539

Average volume

143000.0

Dividend

$0.535

Ex-dividend date

09/15/2026

Payment date

09/18/2026

Beta

0.8

How Dividend Vision calculates yield and returns

Distribution rate (2.38%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.17%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: iShares; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

REZ risks and drawbacks

REZ's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 12.9%.

Who may consider REZ — and who may not

REZ may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (REZ pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on REZ

• All tickers starting with R

Tagged: Real Estate.

Frequently asked questions

More securities from iShares.