Real Estate Investment Trust (REIT) stocks

 

1. WELL Welltower Inc REIT - Healthcare Facilities 157.93B; senior housing
2. PLD Prologis Inc REIT - Industrial 131.02B
3. EQIX Equinix Inc REIT - Specialty 107.26B
4. AMT American Tower   REIT - Specialty 78.61B; a leader in communications infrastructure (cell towers)
5. SPG Simon Property Group REIT - Retail 73.12B; the largest retail and mall REIT
6. DLR Digital Realty Trust Inc REIT - Specialty 67.62B
7. O Realty Income Corp REIT - Retail 57.85B
8. PSA Public Storage REIT - Industrial 56.32B
9. VTR Ventas Inc REIT - Healthcare Facilities 43.50B
10. IRM Iron Mountain Inc REIT - Specialty 38.99B
11. CCI Crown Castle Inc REIT - Specialty 34.71B
12. EXR Extra Space Storage Inc REIT - Industrial 32.48B
13. VICI VICI Properties Inc REIT - Diversified 28.36B
14. AVB Avalonbay Communities REIT - Residential 26.41B
15. EQR Equity Residential Properties Trust REIT - Residential 25.17B
16. UDR UDR Inc REIT - Residential 20.53B
17. SBAC SBA Communications  REIT - Specialty 19.19B
18. ESS Essex Property Trust Inc REIT - Residential 18.98B
19. WY Weyerhaeuser Co REIT - Specialty 18.57B
20. INVH Invitation Homes Inc REIT - Residential 17.77B
21. KIM Kimco Realty Corp REIT - Retail 17.21B
22. HST Host Hotels & Resorts Inc REIT - Hotel & Motel 17.11B
23. NLY Annaly Capital Management Inc REIT - Mortgage 16.53B
24. MAA Mid-America Apartment Communities Inc REIT - Residential 16.48B
25. WPC W. P. Carey Inc REIT - Diversified 16.34B
26. LAMR Lamar Advertising Co REIT - Specialty 15.66B
27. CPT Camden Property Trust REIT - Residential 15.36B
28. DOC Healthpeak Properties Inc REIT - Healthcare Facilities 15.00B
29. REG Regency Centers Corp REIT - Retail 14.69B
30. SUI Sun Communities Inc REIT - Residential 14.61B
31. OHI Omega Healthcare Investors Inc REIT - Healthcare Facilities 14.18B
32. JLL Jones Lang Lasalle Inc Real Estate Services 14.09B
33. GLPI Gaming and Leisure Properties Inc REIT - Specialty 12.76B
34. ELS Equity Lifestyle Properties Inc REIT - Residential 12.61B
35. AGNC AGNC Investment Corp REIT - Mortgage 12.19B
36. AMH American Homes 4 Rent REIT - Residential 11.98B
37. BXP BXP Inc REIT - Office 11.50B
38. EGP Eastgroup Properties Inc REIT - Industrial 11.00B
39. FRT Federal Realty Investment Trust REIT - Retail 10.83B
40. AHR American Healthcare REIT Inc REIT - Healthcare Facilities 10.62B
41. BRX Brixmor Property Group Inc REIT - Retail 9.85B
42. LINE Lineage Inc REIT - Industrial 9.70B
43. CTRE CareTrust REIT Inc REIT - Healthcare Facilities 9.40B
44. ARE Alexandria Real Estate Equities Inc REIT - Office 9.29B
45. CUBE CubeSmart REIT - Industrial 9.24B
46. ADC Agree Realty Corp REIT - Retail 9.13B
47. NNN NNN REIT Inc REIT - Retail 8.82B
48. FR First Industrial Realty Trust Inc REIT - Industrial 8.65B
49. JAN Janus Living Inc REIT - Residential 8.33B
50. RHP Ryman Hospitality Properties Inc REIT - Hotel & Motel 8.26B
51. CDP COPT Defense Properties REIT - Office 7.95B
52. VNO Vornado Realty Trust REIT - Office 7.81B
53. REXR Rexford Industrial Realty Inc REIT - Industrial 7.56B
54. MAC Macerich Co REIT - Retail 7.51B
55. STAG STAG Industrial Inc REIT - Industrial 7.47B
56. HR Healthcare Realty Trust Inc REIT - Healthcare Facilities 7.04B
57. TRNO Terreno Realty Corp REIT - Industrial 6.95B
58. RYN Rayonier Inc REIT - Specialty 6.62B
59. EPRT Essential Properties Realty Trust Inc REIT - Retail 6.57B
60. STWD Starwood Property Trust Inc REIT - Mortgage 6.16B
61. NSA National Storage Affiliates Trust REIT - Industrial 6.03B
62. KRG Kite Realty Group Trust REIT - Retail 5.89B
63. PECO Phillips Edison & Company Inc REIT - Retail 5.85B
64. FRMI Fermi Inc REIT - Specialty 5.61B
65. OUT Outfront Media Inc REIT - Specialty 5.57B
66. RITM Rithm Capital Corp REIT - Mortgage 5.20B
67. SBRA Sabra Healthcare REIT Inc REIT - Healthcare Facilities 4.87B
68. CUZ Cousins Properties Inc REIT - Office 4.81B
69. SKT Tanger Inc REIT - Retail 4.72B
70. MRP Millrose Properties Inc REIT - Residential 4.61B
71. EPR EPR Properties REIT - Specialty 4.52B
72. KRC Kilroy Realty Corp REIT - Office 4.40B
73. COLD Americold Realty Trust Inc REIT - Industrial 4.26B
74. IRT Independence Realty Trust Inc REIT - Residential 4.05B
75. BNL Broadstone Net Lease Inc REIT - Diversified 4.03B
76. APLE Apple Hospitality REIT Inc REIT - Hotel & Motel 4.00B
77. SLG SL Green Realty Corp REIT - Office 3.86B
78. NHI National Health Investors Inc REIT - Healthcare Facilities 3.70B
79. CURB Curbline Properties Corp REIT - Retail 3.31B
80. HIW Highwoods Properties Inc REIT - Office 3.22B
81. LXP LXP Industrial Trust REIT - Industrial 3.21B
82. UE Urban Edge Properties REIT - Retail 3.12B
83. AKR Acadia Realty Trust REIT - Retail 2.95B
84. PK Park Hotels & Resorts Inc REIT - Hotel & Motel 2.93B
85. BXMT Blackstone Mortgage Trust Inc REIT - Mortgage 2.93B
86. DX Dynex Capital Inc REIT - Mortgage 2.82B
87. IVT InvenTrust Properties Corp REIT - Retail 2.80B
88. UNIT Uniti Group Inc REIT - Specialty 2.78B
89. FCPT Four Corners Property Trust Inc REIT - Retail 2.75B
90. MPT Medical Properties Trust Inc REIT - Healthcare Facilities 2.60B
91. DRH Diamondrock Hospitality Co REIT - Hotel & Motel 2.55B
92. DHC Diversified Healthcare Trust REIT - Healthcare Facilities 2.28B
93. SHO Sunstone Hotel Investors Inc REIT - Hotel & Motel 2.16B
94. PEB Pebblebrook Hotel Trust REIT - Hotel & Motel 2.14B
95. ARR ARMOUR Residential REIT Inc REIT - Mortgage 2.13B
96. GTY Getty Realty Corp REIT - Retail 2.05B
97. NTST Netstreit Corp REIT - Retail 2.03B
98. LTC LTC Properties Inc REIT - Healthcare Facilities 1.97B
99. DEI Douglas Emmett Inc REIT - Office 1.95B
100. SMA Smartstop Self Storage REIT Inc REIT - Industrial 1.95B
101. WSR Whitestone REIT REIT - Retail 1.94B
102. GNL Global Net Lease Inc REIT - Diversified 1.91B
103. XHR Xenia Hotels & Resorts Inc REIT - Hotel & Motel 1.88B
104. IIPR Innovative Industrial Properties Inc REIT - Industrial 1.77B
105. RLJ RLJ Lodging Trust REIT - Hotel & Motel 1.76B
106. EFC Ellington Financial Inc REIT - Mortgage 1.71B
107. SILA Sila Realty Trust Inc REIT - Healthcare Facilities 1.68B
108. CBL CBL& Associates Properties Inc REIT - Retail 1.63B
109. AAT American Assets Trust Inc REIT - Diversified 1.51B
110. ESBA Empire State Realty OP LP REIT - Office 1.43B
111. ARI Apollo Commercial Real Estate Finance Inc REIT - Mortgage 1.41B
112. ORC Orchid Island Capital Inc REIT - Mortgage 1.38B
113. ALX Alexander's Inc REIT - Retail 1.36B
114. TWO Two Harbors Investment REIT - Mortgage 1.30B
115. LADR Ladder Capital Corp REIT - Mortgage 1.30B
116. UMH UMH Properties Inc REIT - Residential 1.29B
117. PDM Piedmont Realty Trust Inc REIT - Office 1.16B
118. DEA Easterly Government Properties Inc REIT - Office 1.13B
119. CIM Chimera Investment Corp REIT - Mortgage 1.13B
120. SAFE Safehold Inc REIT - Diversified 1.12B
121. SVC Service Properties Trust REIT - Hotel & Motel 1.10B

Charts:

• by change from open https://finviz.com/screener?v=211&t=WELL,PLD,EQIX,AMT,SPG,DLR,O,PSA,VTR,IRM,CCI,EXR,VICI,AVB,EQR,UDR,SBAC,ESS,WY,INVH,KIM,HST,NLY,MAA,WPC,LAMR,CPT,DOC,REG,SUI,OHI,JLL,GLPI,ELS,AGNC,AMH,BXP,EGP,FRT,AHR,BRX,LINE,CTRE,ARE,CUBE,ADC,NNN,FR,JAN,RHP,CDP,VNO,REXR,MAC,STAG,HR,TRNO,RYN,EPRT,STWD,NSA,KRG,PECO,FRMI,OUT,RITM,SBRA,CUZ,SKT,MRP,EPR,KRC,COLD,IRT,BNL,APLE,SLG,NHI,CURB,HIW,LXP,UE,AKR,PK,BXMT,DX,IVT,UNIT,FCPT,MPT,DRH,DHC,SHO,PEB,ARR,GTY,NTST,LTC,DEI,SMA,WSR,GNL,XHR,IIPR,RLJ,EFC,SILA,CBL,AAT,ESBA,ARI,ORC,ALX,TWO,LADR,UMH,PDM,DEA,CIM,SAFE,SVC&ta=0&o=-changeopen
• by vol: Stock screener - REITs by vol

©Artremis / EAS (6/25/26)

Data center REITs

Data center Real Estate Investment Trusts (REITs) own, operate, and develop facilities that house servers and IT infrastructure for cloud computing, AI, and digital services. 

The sector is dominated by a few major players, driven by surging demand from AI and hyperscale data needs.  The largest U.S.-listed data center REIT considered large-cap (above $10 billion market cap) is Equinix, leading its peers by a wide margin.

ETF: DTCR  Global X Data Center & Digital Infrastructure ETF; holds ~57% in REITs including EQIX and DLR.

   

by market cap)                        

Company name Mkt Cap▼

1.  EQIX  Equinix Inc.;   $76.3 billion; World's largest data center REIT; operates over 250 facilities globally, serving cloud giants like AWS and Google. Strong growth from AI infrastructure demand, with expected revenue of $8.6 billion in 2025.

2.  DLR  Digital Realty Trust Inc.; $49.8 billion; Second-largest operator with 300+ data centers; focuses on colocation and hyperscale campuses. Forecasts 5.8% FFO growth in 2025 and a 2.9% dividend yield.

3.  FRMI  Fermi America; 10/25 IPO

Additional info

• Sector Overview: The data center REIT market is projected to benefit from $1.2 trillion in global AI infrastructure spending by 2029, with U.S. REITs showing 21.3% year-over-year FFO growth in Q1 2025. These REITs offer stable dividends (often 2-4% yields) due to long-term leases with tech tenants.
• Smaller/Global Peers: International options like Keppel DC REIT (KPDCF, $2-3 billion) exist but are micro-cap relative to the U.S. leaders. American Tower (AMT) has data center exposure via edge facilities but is primarily a cell tower REIT ($100 billion total cap).

Real Estate Investment Trusts (REITs)

Real Estate Investment Trusts (REITs) are companies that own, and in most cases, operate income-producing real estate. REITs own many types of commercial real estate, ranging from office and apartment buildings to warehouses, hospitals, shopping centers, hotels and even timberlands. Some REITs also engage in financing real estate. 

Created by the U.S. Congress in 1960.  

REITs must pay out 90% of their taxable income to shareholders as dividends. As a result of their special tax considerations and typically offer investors high yields, as well as a highly liquid method of investing in real estate.

ETF:  

VNQ Vanguard REIT ETF

ICF iShares Cohen & Steers REIT ETF 

Symbol  Company     Sector   Dividend ($)   Yield (%)   Market Cap▼

• SPG Simon Properties            Shopping centers    1.40  2.97    58.85B
• HCP        HCP Inc.                        Healthcare              0.56         5.32      19.65B
• NLY Annaly Capital Management                        0.30     11.93  9.49B
• KRC Kilroy Realty Corp.         Office                    0.35         1.89  6.47B
• TCO Taubman Centers            Shopping centers   0.56       3.07    4.55B
• MAC Macerich                                                          0.65      3.12   13.02B
• SKT Tanger Factory Outlet Centers    Shopping centers    1.40  6.15  2.266B
• AHH Armada Hoffler Properties   Apartments    0.17     6.47  417.31M

Acquisitions:

• CHSP     Chesapeake Lodging Trust       Hotels        0.35       4.24   1.95B

Chesapeake Lodging Trust (CHSP) was acquired by Park Hotels & Resorts (NYSE:PK) for $2.7 billion. (6 May 2019)

Park Hotels & Resorts (NYSE:PK) has enterprise value of $12 billion, making it the second largest lodging REIT behind Host Hotels & Resorts (NYSE:HST), with a $17 billion enterprise value.

 

Park Hotels & Resorts (NYSE:PK): 84 percent of the portfolio will be comprised of Hilton-operated hotels, with 11 percent operated by Marriott, and less than 5 percent by Hyatt. 

***

Types of REITs. There are two broad categories of real estate investment trusts: equity REITs and mortgage REITs. Most REITs are equity REITs, which own or operate income-producing real estate, such as apartment buildings, offices or shopping centers.

Equity REITs typically invest in a particular type of property. For example, 

• Retail REITs (approx. 24% of all REITs) invest in shopping centers
• Residential REITs invest in apartment complexes, single-family homes, student housing. 
• Healthcare REITs invest in the real estate of hospitals, medical centers, nursing facilities, and retirement homes. 
• Office REITs invest in office buildings.

There are also more obscure equity REITs such as:

• Lodging and resort REITs, which invest in hotels and resorts
• Self-storage REITs, which invest in storage facilities
• Data center REITs, which invest in data centers
• Infrastructure REITs, which invest in infrastructure, such as pipelines and cellular towers
• Industrial REITs, which invest in facilities such as distribution centers and warehouses
• Timberland REITs, which specialize in harvesting and selling timber

If a REIT invests in a mix of property types, it's called a diversified REIT. If the properties it owns and manages don't fit into any other category, it's called a specialty REIT.

Mortgage REITs finance commercial and residential properties by investing in mortgages and mortgage-backed securities. These can be agency mortgages (secured by Fannie Mae, Freddie Mac or Ginnie Mae), non-agency mortgages, or commercial mortgages. Mortgage REITs typically specialize in either commercial or residential mortgages, but some invest in both.

How REITs work. To qualify as a real estate investment trust, companies must meet certain guidelines set by Congress. In short, the company must:

• Be considered a corporation under the IRS revenue code
• Be managed by a board of directors
• Be held by at least 100 shareholders, with no fewer than five holding 50 percent of shares
• Invest at least 75 percent of assets in real estate, cash or U.S. Treasurys
• Derive at least 75 percent of income from real estate
• Have 95 percent of income be passive, which is income that doesn't require direct action from the corporation, such as rental payments
• Pay out at least 90 percent of its taxable income to shareholders through dividends

As long as it satisfies these requirements, a REIT is exempt from corporate taxes. So unlike a typical corporation, which has to pay taxes on earnings, a REIT's income is not taxed, leaving more money to pass on to shareholders. That's why you'll sometimes hear REITs referred to as pass-through investments. Investors still must pay taxes on most of the dividends at their ordinary income tax rates. However, as a result of tax reform, investors can deduct 20 percent of income from pass-through investments, lowering the maximum tax rate on REIT dividends from 39.6 percent to 29.6 percent.

***

The chart below tracks the price performance of the NAREIT All Equity REIT Index going back to the early 1980s (in blue). It compares the index to the Federal Reserve’s targeted Fed funds rate (in orange). Periods of extended tightening are highlighted in the blue columns.

We’ve had five periods of extended tightening since 1981. In three of them, REIT prices did indeed suffer. But in the other two – or a full 40% of the total – REIT prices did very well. In fact, the last tightening cycle in the mid-2000s coincided with one of the greatest bull markets for REITs in history.

As for today, most of the hurt in the REIT sector that comes with a rate hike has already been priced in. That’s because this is the most telegraphed Fed tightening in history. Yellen has been preparing us for this day for months. Investors who wanted to sell, for the most part already have.

So as a result, income-focused investments like REITs have had a terrible year. After topping out at $89.27 per share in late January, the Vanguard REIT ETF (NYSEARCA: VNQ) fell to as low as $74.67 by late June. That’s a decline of 16%, based almost exclusively on Fed fears.

But since then, REITs have been making a comeback, up about 6%. For the reasons we’ve explained, we expect that modest momentum to continue, with or without a Fed hike. 

REITs fall out of line

Shares of real estate investment trusts parted company with U.S. Treasuries this year after tracking them since 2012. The FTSE NAREIT Equity REIT Index fell as much as 8.5 percent relative to the S&P 500 Index on a total-return basis, including dividends, through Monday. Ten-year Treasury notes rose in the period, reducing their yields as much as 13 percent. 

Doug Ramsey, chief investment officer at Leuthold Group LLC, highlighted the contrast in a report Friday. He wrote about the REITs: “What might they do if yields rise?”

 

Store REITs may follow retail stocks' lead for a change

Real estate investment trusts that focus on shopping malls and other stores are poised for stock-market losses as U.S. retailers decline, according to Michael Shaoul, chief executive officer at Marketfield Asset Management LLC. Shaoul contrasted the Dow Jones U.S. Retail REITs Index with the S&P Retail Select Industry Index in a report Thursday. The REIT barometer rose to a record Tuesday, as the retail gauge headed toward its lowest level since February.