Real estate investment trusts (REITs) are corporations established with the express purpose of owning and managing real estate assets. These corporate structures have become very popular with income-oriented investors and those who favor conservative investments. There are several reasons for the popularity of REITs:
- Conservative: Although real estate assets can increase or decrease in value due to demographic, supply and demand, and other variables, office buildings, apartment complexes, industrial buildings, and the types of properties that experienced, well-managed REITs invest in tend to retain their value. As such, they provide a certain degree of downside protection for more conservative-oriented investors.
- Stable Income Streams: Tenants who sign long-term leases to live in or use the real properties owned by REITs provide a long-term, stable stream of revenue and profits for the REITs and their investors.
- Special Taxation: Perhaps one of the most attractive attributes of REIT investments are the specialized taxation benefits that only REITs enjoy. Namely, any REIT that pays out more than 90% of its quarterly net income to investors in the form of common stock corporate dividends is generally exempt from taxation on current income (but not on retained earnings).
REITs can invest in either the real estate properties themselves (known as “Equity REITs”), the underlying mortgage securities collateralized by the assets (“Mortgage REITs”), or a combination of the two (“Hybrid REITs”), but to qualify as a REIT and obtain the preferential tax treatment, the IRS requires all REITs to pay out at least 90% of their net profits each quarter.
In order to gain efficiencies and expertise, many REITs focus on specific industry sectors, such as:
- Residential
- Office
- Industrial
- Retail
- Hotel & Motel
- Health Care Facilities
- Diversified (a combination of more than one of the above)
The table below shows the real estate investment trusts, both domestic and foreign, traded on U.S. stock exchanges:
| Company | Headquarters | Ticker / Exchange | Industry | Market Cap ($M) | Trailing P/E | Dividend Yield | YTD Return | 3-Year Return | 5-Year Return | 10-Year Return | Website |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Acadia Realty Trust | USA-NY-Rye | AKR / NYSE | REIT - Retail | 2,313 | 48.8x | 3.8% | 5.7% | 2.0% | 7.8% | 4.9% | www.acadiarealty.com |
| AG Mortgage Investment Trust I | USA-NY-New York | MITT / NYSE | REIT - Diversified | 533 | 8.4x | 10.2% | 4.5% | 14.5% | 11.0% | NA | www.agmortgageinvestmenttrust.com |
| AGNC Investment Corp | USA-MD-Bethesda | AGNC / Nasdaq | REIT - Residential | 9,146 | 5.4x | 11.3% | 1.9% | 10.1% | 6.8% | 11.7% | www.agnc.com |
| Agree Realty Corp | USA-MI-Bloomfield Hills | ADC / NYSE | REIT - Retail | 1,767 | 30.0x | 3.7% | 12.8% | 29.7% | 19.6% | 10.9% | www.agreerealty.com |
| Alexander & Baldwin Inc | USA-HI-Honolulu | ALEX / NYSE | REIT - Diversified | 1,683 | 4.8x | 0.3% | -15.8% | 5.1% | 2.2% | NA | www.alexanderbaldwin.com |
| Alexander's Inc | USA-NJ-Paramus | ALX / NYSE | REIT - Retail | 1,843 | 26.4x | 4.9% | -5.4% | 3.7% | 9.8% | 4.7% | www.alx-inc.com |
| Alexandria Real Estate Equitie | USA-CA-Pasadena | ARE / NYSE | REIT - Office | 13,468 | 46.0x | 2.8% | -1.1% | 15.8% | 18.3% | 3.6% | www.are.com |
| Allied Properties Real Estate | Canada-Toronto | APYRF / OTC | REIT - Office | 3,367 | 11.1x | 3.6% | 4.5% | 12.6% | 5.8% | NA | www.alliedreit.com |
| American Assets Trust Inc | USA-CA-San Diego | AAT / NYSE | REIT - Retail | 1,849 | 97.9x | 2.7% | 3.8% | 2.3% | 8.3% | NA | www.americanassetstrust.com |
| American Campus Communities In | USA-TX-Austin | ACC / NYSE | REIT - Residential | 5,735 | 53.0x | 4.3% | 5.3% | 10.3% | 8.5% | 6.5% | www.americancampus.com |
| American Finance Trust Inc | USA-NY-New York | AFIN / Nasdaq | REIT - Diversified | 1,683 | -- | 0.0% | NA | NA | NA | NA | www.americanfinancetrust.com |
| American Homes 4 Rent Class A | USA-CA-Agora Hills | AMH / NYSE | REIT - Residential | 6,877 | -- | 0.9% | 6.8% | 13.9% | 8.8% | NA | www.americanhomes4rent.com |
| American Hotel Income Properti | Canada-Vancouver | AHOTF / OTC | REIT - Hotel & Motel | 561 | 39.0x | 9.2% | 0.9% | 6.1% | 0.9% | NA | www.ahipreit.com |
| Americold Realty Trust | USA-GA-Atlanta | COLD / NYSE | REIT - Industrial | 3,518 | -- | 1.3% | NA | NA | NA | NA | www.americold.com |
| Annaly Capital Management Inc | USA-NY-New York | NLY / NYSE | REIT - Diversified | 12,437 | 4.2x | 11.3% | -5.3% | 11.9% | 7.4% | 6.6% | www.annaly.com |
| Anworth Mortgage Asset Corp | USA-CA-Santa Monica | ANH / NYSE | REIT - Diversified | 485 | 14.9x | 12.0% | -4.0% | 9.9% | 11.9% | 6.6% | www.anworth.com |
| Apartment Investment & Managem | USA-CO-Denver | AIV / NYSE | REIT - Residential | 6,894 | 462.8x | 3.4% | 2.8% | 8.7% | 12.8% | 4.8% | www.aimco.com |
| Apollo Commercial Real Estate | USA-NY-New York | ARI / NYSE | REIT - Diversified | 2,581 | 11.8x | 9.5% | 10.1% | 14.7% | 13.4% | NA | www.apolloreit.com |
| Apple Hospitality REIT Inc | USA-VA-Richmond | APLE / NYSE | REIT - Hotel & Motel | 4,123 | 23.9x | 6.7% | -4.6% | 6.4% | NA | NA | www.applehospitalityreit.com |
| Arbor Realty Trust Inc | USA-NY-Uniondale | ABR / NYSE | REIT - Diversified | 914 | 9.5x | 7.4% | 48.6% | 31.6% | 17.5% | 6.4% | www.arbor.com |
| Ares Commercial Real Estate Co | USA-NY-New York | ACRE / NYSE | REIT - Diversified | 421 | 11.6x | 7.5% | 18.0% | 11.4% | 9.2% | NA | www.arescre.com |
| Armada Hoffler Properties Inc | USA-VA-Virginia Beach | AHH / NYSE | REIT - Diversified | 769 | 33.5x | 5.0% | 3.9% | 23.1% | 15.4% | NA | www.armadahoffler.com |
| ARMOUR Residential REIT Inc | USA-FL-Vero Beach | ARR / NYSE | REIT - Residential | 994 | 7.1x | 9.6% | -1.9% | 13.9% | 4.2% | 0.5% | www.armourreit.com |
| Artis Real Estate Investment T | Canada-Winnipeg | ARESF / OTC | REIT - Diversified | 1,487 | 8.4x | 8.9% | -9.8% | 8.3% | 0.1% | NA | www.artisreit.com |
| Ascendas Real Estate Investmen | Asia-Singapore | ACDSF / OTC | REIT - Industrial | 5,819 | 16.8x | 5.8% | 1.3% | 15.2% | 8.6% | NA | www.ascendas-reit.com |
| Ashford Hospitality Trust Inc | USA-TX-Dallas | AHT / NYSE | REIT - Hotel & Motel | 645 | -- | 7.3% | 0.7% | 0.2% | 5.2% | 13.5% | www.ahtreit.com |
| AvalonBay Communities Inc | USA-VA-Arlington | AVB / NYSE | REIT - Residential | 25,271 | 29.0x | 3.2% | 4.1% | 5.7% | 11.0% | 8.6% | www.avalonbay.com |
| Bimini Capital Management Inc | USA-FL-Vero Beach | BMNM / OTC | REIT - Diversified | 31 | -- | 0.0% | -6.1% | 20.5% | 65.1% | 6.8% | www.biminicapital.com |
| Blackstone Mortgage Trust Inc | USA-NY-New York | BXMT / NYSE | REIT - Diversified | 4,034 | 14.0x | 7.3% | 9.8% | 13.8% | 12.1% | -5.1% | www.blackstonemortgagetrust.com |
| Bluerock Residential Growth RE | USA-NY-New York | BRG / NYSE American | REIT - Residential | 233 | -- | 7.2% | 0.5% | 4.0% | NA | NA | www.bluerockresidential.com |
| Boardwalk Real Estate Investme | Canada-Calgary | BOWFF / OTC | REIT - Residential | 1,976 | 25.9x | 2.8% | 20.2% | 4.5% | -2.2% | NA | www.boardwalkreit.com |
| Boston Properties Inc | USA-MA-Boston | BXP / NYSE | REIT - Office | 20,115 | 49.4x | 2.4% | 1.4% | 6.3% | 8.2% | 4.8% | www.bostonproperties.com |
| Braemar Hotels & Resorts Inc | USA-TX-Dallas | BHR / NYSE | REIT - Hotel & Motel | 373 | 11.0x | 5.6% | 21.3% | -2.5% | NA | NA | www.bhrreit.com |
| Brandywine Realty Trust | USA-PA-Philadelphia | BDN / NYSE | REIT - Office | 2,976 | 19.8x | 4.2% | -5.4% | 14.1% | 9.1% | 2.9% | www.brandywinerealty.com |
| British Land Co PLC | EU-UK-London | BRLAF / OTC | REIT - Retail | 8,187 | 12.7x | 5.0% | -6.6% | -12.2% | 1.5% | NA | www.britishland.com |
| British Land Co PLC ADR | EU-UK-London | BTLCY / OTC | REIT - Retail | 8,187 | 13.3x | 4.8% | -8.8% | -9.5% | 3.6% | -1.6% | www.britishland.com |
| Brixmor Property Group Inc | USA-NY-New York | BRX / NYSE | REIT - Retail | 5,514 | 18.8x | 6.0% | 2.1% | -3.1% | NA | NA | www.brixmor.com |
| Brookfield Property REIT Inc | USA-IL-Chicago | BPR / Nasdaq | REIT - Retail | 19,490 | 33.8x | 4.4% | -11.5% | -4.1% | 4.8% | 1.0% | www.brookfieldpropertiesretail.com |
| BRT Apartments Corp | USA-NY-Great Neck | BRT / NYSE | REIT - Residential | 203 | 5.7x | 5.9% | 13.3% | 25.5% | 13.7% | 4.4% | www.brtapartments.com |
| BSR Real Estate Investment Tru | Canada-Toronto | BSRTF / OTC | REIT - Residential | 156 | -- | 1.5% | NA | NA | NA | NA | www.bsrtrust.com |
| BTB Real Estate Investment Tru | Canada-Montreal | BTBIF / OTC | REIT - Diversified | 210 | 7.1x | 8.8% | 10.5% | 12.4% | 4.9% | NA | www.btbreit.com |
| Camden Property Trust | USA-TX-Houston | CPT / NYSE | REIT - Residential | 8,809 | 44.8x | 3.2% | 4.8% | 13.5% | 12.9% | 9.8% | www.camdenliving.com |
| Canadian Apartment Properties | Canada-Toronto | CDPYF / OTC | REIT - Residential | 5,171 | 6.8x | 2.8% | 24.9% | 22.2% | 16.0% | NA | www.caprent.com |
| CapitaLand Commercial Trust | Asia-Singapore | CPITF / OTC | REIT - Office | 4,710 | 13.1x | 5.0% | 0.0% | 2.3% | 6.0% | NA | www.cct.com.sg |
| CapitaLand Mall Trust | Asia-Singapore | CPAMF / OTC | REIT - Retail | 5,591 | 11.8x | 1.3% | 1.3% | 5.7% | 6.3% | NA | www.cmt.com.sg |
| Capstead Mortgage Corp | USA-TX-Dallas | CMO / NYSE | REIT - Residential | 777 | 15.3x | 8.1% | 0.6% | 1.6% | 2.9% | 6.5% | www.capstead.com |
| CareTrust REIT Inc | USA-CA-San Clemente | CTRE / Nasdaq | REIT - Healthcare Facilities | 1,494 | 34.2x | 4.2% | 12.5% | 22.1% | NA | NA | www.caretrustreit.com |
| CatchMark Timber Trust Inc Cla | USA-GA-Atlanta | CTT / NYSE | REIT - Diversified | 612 | -- | 4.3% | -2.1% | 11.7% | NA | NA | www.catchmark.com |
| CBL & Associates Properties In | USA-TN-Chattanooga | CBL / NYSE | REIT - Retail | 765 | 13.9x | 19.5% | -14.7% | -21.2% | -13.3% | -4.4% | www.cblproperties.com |
| Cedar Realty Trust Inc | USA-NY-Port Washington | CDR / NYSE | REIT - Retail | 405 | -- | 4.5% | -24.5% | -7.4% | 2.2% | -6.3% | www.cedarrealtytrust.com |
| Champion Real Estate Investmen | Asia-Hong Kong | CMPNF / OTC | REIT - Retail | 4,304 | 2.8x | 0.0% | -2.1% | 10.7% | 12.6% | NA | www.championreit.com |
| Chatham Lodging Trust | USA-FL-West Palm Beach | CLDT / NYSE | REIT - Hotel & Motel | 999 | 26.2x | 6.1% | -0.5% | 3.5% | 8.9% | NA | www.chathamlodgingtrust.com |
| Cherry Hill Mortgage Investmen | USA-NJ-Farmingdale | CHMI / NYSE | REIT - Residential | 296 | 3.4x | 10.5% | 9.5% | 15.3% | NA | NA | www.chmireit.com |
| Chesapeake Lodging Trust | USA-VA-Arlington | CHSP / NYSE | REIT - Hotel & Motel | 1,977 | 27.5x | 4.9% | 23.8% | 8.2% | 12.7% | NA | www.chesapeakelodgingtrust.com |
| Chimera Investment Corp | USA-NY-New York | CIM / NYSE | REIT - Diversified | 3,534 | 6.3x | 10.6% | 7.7% | 22.1% | 15.3% | 2.8% | www.chimerareit.com |
| CIM Commercial Trust Corp | USA-TX-Dallas | CMCT / Nasdaq | REIT - Office | 683 | 8.4x | 3.2% | -17.0% | 10.5% | 2.0% | 5.2% | www.pmctrust.com |
| City Office REIT Inc | Canada-Vancouver | CIO / NYSE | REIT - Office | 468 | 13.5x | 7.3% | 4.9% | 11.7% | NA | NA | www.cityofficereit.com |
| Clipper Realty Inc | USA-NY-Brooklyn | CLPR / OTC | REIT - Diversified | 210 | -- | 3.2% | 19.7% | NA | NA | NA | www.clipperrealty.com |
| Colony Capital Inc A | USA-CA-Los Angeles | CLNY / NYSE | REIT - Diversified | 2,967 | -- | 12.6% | -45.1% | -12.1% | -2.2% | NA | www.clny.com |
| Colony Credit Real Estate Inc | USA-CA-Los Angeles | CLNC / NYSE | REIT - Office | 2,568 | 27.7x | 5.1% | NA | NA | NA | NA | www.clns.com |
| Columbia Property Trust Inc | USA-GA-Atlanta | CXP / NYSE | REIT - Office | 2,825 | -- | 3.3% | 6.1% | 7.1% | NA | NA | www.columbia.reit |
| Cominar Real Estate Investment | Canada-Quebec | CMLEF / OTC | REIT - Diversified | 1,711 | -- | 7.7% | -14.4% | -1.1% | -4.1% | NA | www.cominar.com |
| Community Healthcare Trust Inc | USA-TN-Franklin | CHCT / NYSE | REIT - Healthcare Facilities | 574 | 105.1x | 5.1% | 16.4% | 26.2% | NA | NA | www.chct.reit |
| Condor Hospitality Trust Inc | USA-MD-Bethesda | CDOR / NYSE American | REIT - Hotel & Motel | 125 | 18.9x | 7.4% | 8.7% | 11.6% | -21.9% | -21.0% | www.condorhospitality.com |
| CoreCivic Inc | USA-TN-Nashville | CXW / NYSE | REIT - Diversified | 3,078 | 19.4x | 6.6% | 19.2% | 1.6% | 1.6% | 5.2% | www.corecivic.com |
| CorEnergy Infrastructure Trust | USA-MO-Kansas City | CORR / NYSE | REIT - Diversified | 454 | 20.8x | 7.9% | 5.6% | 22.6% | 8.1% | 1.1% | www.corenergy.reit |
| CorePoint Lodging Inc Ordinary | USA-TX-Irving | CPLG / NYSE | REIT - Hotel & Motel | 1,248 | -- | 0.3% | NA | NA | NA | NA | www.corepoint.com |
| CoreSite Realty Corp | USA-CO-Denver | COR / NYSE | REIT - Office | 3,999 | 56.3x | 3.4% | 3.7% | 35.9% | 33.3% | NA | www.coresite.com |
| Corporate Office Properties Tr | USA-MD-Columbia | OFC / NYSE | REIT - Office | 3,154 | 42.7x | 3.6% | 6.5% | 16.0% | 9.6% | 1.0% | www.copt.com |
| Cousins Properties Inc | USA-GA-Atlanta | CUZ / NYSE | REIT - Diversified | 3,943 | 49.4x | 2.7% | 2.8% | 10.1% | 5.8% | -4.7% | www.cousinsproperties.com |
| Covivio | EU-France-Metz | GSEFF / OTC | REIT - Diversified | 7,989 | 7.2x | 0.0% | 12.1% | 6.8% | 7.8% | NA | www.covivio.eu |
| Crown Castle International Cor | USA-TX-Houston | CCI / NYSE | REIT - Diversified | 47,192 | 121.0x | 3.6% | 4.4% | 14.3% | 13.1% | 13.1% | www.crowncastle.com |
| CubeSmart | USA-PA-Malvern | CUBE / NYSE | REIT - Industrial | 5,656 | 37.1x | 3.8% | 7.3% | 9.0% | 15.7% | 11.1% | www.cubesmart.com |
| CyrusOne Inc | USA-TX-Dallas | CONE / Nasdaq | REIT - Diversified | 6,650 | 71.4x | 2.6% | 14.2% | 30.5% | 31.0% | NA | www.cyrusone.com |
| DDR Corp | USA-OH-Beachwood | DDR / NYSE | REIT - Retail | 2,567 | -- | 10.9% | 2.9% | -10.8% | -4.5% | -7.0% | www.ddr.com |
| Derwent London PLC | EU-UK-London | DWVYF / OTC | REIT - Diversified | 4,427 | 11.4x | 2.0% | 0.8% | -8.3% | 3.9% | NA | www.derwentlondon.com |
| Dexus | Australia-Sydney | DXSPF / OTC | REIT - Diversified | 8,004 | 6.2x | 2.4% | 0.8% | 16.6% | 58.7% | NA | www.dexus.com.au |
| Diamondrock Hospitality Co | USA-MD-Bethesda | DRH / NYSE | REIT - Hotel & Motel | 2,492 | 30.7x | 4.2% | 8.4% | 4.5% | 8.1% | 5.5% | www.drhc.com |
| Digital Realty Trust Inc | USA-CA-San Francisco | DLR / NYSE | REIT - Office | 25,494 | 130.2x | 3.1% | 10.4% | 27.5% | 20.5% | 12.8% | www.digitalrealtytrust.com |
| Douglas Emmett Inc | USA-CA-Santa Monica | DEI / NYSE | REIT - Office | 6,608 | 57.2x | 2.5% | -4.1% | 13.7% | 13.4% | 6.9% | www.douglasemmett.com |
| Duke Realty Corp | USA-IN-Indianapolis | DRE / NYSE | REIT - Industrial | 10,121 | 27.8x | 2.8% | 6.3% | 19.6% | 17.8% | 3.9% | www.dukerealty.com |
| Dynex Capital Inc | USA-VA-Richmond | DX / NYSE | REIT - Residential | 369 | 4.3x | 11.2% | -3.3% | 9.7% | 6.2% | 7.1% | www.dynexcapital.com |
| Easterly Government Properties | USA-DC-Washington | DEA / NYSE | REIT - Office | 1,219 | 201.9x | 5.1% | -3.0% | 13.4% | NA | NA | www.easterlyreit.com |
| EastGroup Properties Inc | USA-MS-Ridgeland | EGP / NYSE | REIT - Industrial | 3,463 | 42.0x | 2.6% | 11.1% | 23.8% | 14.1% | 10.4% | www.eastgroup.net |
| Education Realty Trust Inc | USA-TN-Memphis | EDR / NYSE | REIT - Residential | 3,333 | 37.1x | 3.8% | 20.7% | 15.2% | 13.4% | 5.0% | www.EDRTrust.com |
| Ellington Residential Mortgage | USA-CT-Old Greenwich | EARN / NYSE | REIT - Residential | 150 | 30.3x | 12.8% | 4.2% | 8.6% | 6.7% | NA | www.earnreit.com |
| Empire State Realty Trust Inc | USA-NY-New York | ESRT / NYSE | REIT - Diversified | 5,321 | 46.1x | 2.4% | -13.6% | 4.0% | NA | NA | www.empirestaterealtytrust.com |
| EPR Properties | USA-MO-Kansas City | EPR / NYSE | REIT - Retail | 5,184 | 23.5x | 6.1% | 10.9% | 16.2% | 12.6% | 6.7% | www.eprkc.com |
| Equinix Inc | USA-CA-Redwood City | EQIX / Nasdaq | REIT - Diversified | 34,243 | 123.8x | 2.1% | -3.5% | 20.1% | 22.4% | 19.5% | www.equinix.com |
| Equity Commonwealth | USA-IL-Chicago | EQC / NYSE | REIT - Office | 3,901 | 17.5x | 0.0% | 5.2% | 7.1% | 5.8% | 3.3% | www.eqcre.com |
| Equity Lifestyle Properties In | USA-IL-Chicago | ELS / NYSE | REIT - Residential | 8,614 | 42.8x | 2.2% | 9.8% | 21.5% | 24.7% | 15.9% | www.equitylifestyleproperties.com |
| Equity Residential | USA-IL-Chicago | EQR / NYSE | REIT - Residential | 24,918 | 42.6x | 3.1% | 7.8% | 5.2% | 11.4% | 8.7% | www.eqr.com |
| Essential Properties Realty Tr | USA-NJ-Princeton | EPRT / NYSE | REIT - Diversified | 625 | 17.1x | 0.0% | NA | NA | NA | NA | www.essentialproperties.com |
| Essex Property Trust Inc | USA-CA-San Mateo | ESS / NYSE | REIT - Residential | 16,201 | 43.3x | 2.9% | 3.2% | 6.3% | 14.0% | 9.7% | www.essex.com |
| Exantas Capital Corp | USA-NY-New York | XAN / NYSE | REIT - Diversified | 379 | 23.0x | 2.1% | 29.4% | 5.5% | -2.3% | 5.4% | www.exantas.com |
| Extra Space Storage Inc | USA-UT-Salt Lake City | EXR / NYSE | REIT - Industrial | 11,618 | 23.7x | 3.5% | 6.9% | 10.8% | 20.4% | 21.2% | www.extraspace.com |
| Farmland Partners Inc | USA-CO-Denver | FPI / NYSE | REIT - Diversified | 374 | -- | 7.3% | -16.5% | -6.5% | NA | NA | www.farmlandpartners.com |
| Farmland Partners Inc 6.00 % P | USA-CO-Denver | FPIpB / NYSE | REIT - Diversified | 374 | -- | 4.7% | -4.3% | NA | NA | NA | www.farmlandpartners.com |
| Federal Realty Investment Trus | USA-MD-Rockville | FRT / NYSE | REIT - Retail | 9,560 | 45.3x | 3.1% | -0.5% | 2.2% | 8.8% | 7.9% | www.federalrealty.com |
| FIBRA Macquarie | Mexico-Mexico City | DBMBF / OTC | REIT - Industrial | 876 | 6.6x | 5.7% | 9.0% | -2.0% | -7.1% | NA | www.fibramacquarie.com |
| FIBRA Prologis | Mexico-Mexico City | FBBPF / OTC | REIT - Industrial | 1,282 | 14.3x | 6.5% | 12.7% | NA | NA | NA | www.fibraprologis.com |
| Fibra Uno Administracion SA de | Mexico-Zedec Santa Fe | FBASF / OTC | REIT - Diversified | 5,382 | 14.7x | 2.2% | -13.3% | -13.0% | -11.5% | NA | www.fibra-uno.com |
| First Industrial Realty Trust | USA-IL-Chicago | FR / NYSE | REIT - Industrial | 4,086 | 17.5x | 2.6% | 4.4% | 21.0% | 18.6% | 4.5% | www.firstindustrial.com |
| First Real Estate Investment T | Asia-Singapore | FESNF / OTC | REIT - Healthcare Facilities | 744 | 14.1x | 2.7% | -14.3% | 10.2% | 3.9% | NA | www.first-reit.com |
| First REIT of New Jersey | USA-NJ-Hackensack | FREVS / OTC | REIT - Residential | 114 | 7.9x | 0.6% | 5.6% | -2.8% | 3.3% | 1.5% | www.freitnj.com |
| Forest City Realty Trust Inc C | USA-OH-Cleveland | FCE.A / NYSE | REIT - Retail | 6,697 | 17.9x | 2.6% | 5.5% | 6.7% | 7.9% | -0.9% | www.forestcity.net |
| Fortune Real Estate Investment | Asia-Hong Kong | FRIVF / OTC | REIT - Retail | 2,311 | 3.1x | 2.6% | 8.6% | 11.5% | 7.0% | NA | www.fortunereit.com |
| Four Corners Property Trust In | USA-CA-Mill Valley | FCPT / NYSE | REIT - Hotel & Motel | 1,697 | 20.3x | 4.0% | 7.1% | NA | NA | NA | www.fourcornerspropertytrust.com |
| Franklin Street Properties Cor | USA-MA-Wakefield | FSP / NYSE American | REIT - Office | 896 | -- | 6.7% | -18.7% | -0.6% | -0.4% | 2.2% | www.fspreit.com |
| Frasers Centrepoint Trust | Asia-Singapore | FRZCF / OTC | REIT - Retail | 1,548 | 10.6x | 2.7% | 0.8% | 4.7% | 6.5% | NA | www.fct.sg |
| Front Yard Residential Corp | US Virgin Islands | RESI / NYSE | REIT - Residential | 660 | -- | 4.9% | 6.5% | -1.5% | -0.8% | NA | www.frontyardresidential.com |
| Gaming and Leisure Properties | USA-PA-Wyomissing | GLPI / Nasdaq | REIT - Diversified | 7,666 | 20.3x | 7.0% | 0.3% | 10.9% | NA | NA | www.glpropinc.com |
| Getty Realty Corp | USA-NY-Jericho | GTY / NYSE | REIT - Retail | 1,180 | 25.4x | 4.2% | 9.9% | 27.3% | 13.6% | 7.1% | www.gettyrealty.com |
| Gladstone Commercial Corp | USA-VA-McLean | GOOD / Nasdaq | REIT - Diversified | 586 | -- | 7.6% | -1.0% | 18.5% | 9.0% | 8.5% | www.gladstonecommercial.com |
| Gladstone Land Corp | USA-VA-McLean | LAND / Nasdaq | REIT - Industrial | 218 | -- | 3.9% | 3.5% | 18.1% | 0.1% | NA | www.gladstoneland.com |
| Global Medical REIT Inc | USA-MD-Bethesda | GMRE / NYSE | REIT - Healthcare Facilities | 205 | 236.5x | 8.5% | 20.2% | NA | NA | NA | www.globalmedicalreit.com |
| Global Net Lease Inc | USA-NY-New York | GNL / NYSE | REIT - Diversified | 1,546 | 93.5x | 9.9% | 11.4% | 2.0% | NA | NA | www.globalnetlease.com |
| Global Self Storage Inc | USA-NY-New York | SELF / Nasdaq | REIT - Industrial | 33 | 107.5x | 6.1% | -5.1% | 11.4% | 7.9% | 6.8% | www.globalselfstorage.us |
| Goodman Group | Australia-Sydney | GMGSF / OTC | REIT - Diversified | 14,061 | 17.7x | 1.4% | 20.2% | NA | NA | NA | www.goodman.com |
| Government Properties Income T | USA-MA-Newton | GOV / Nasdaq | REIT - Office | 1,677 | 70.5x | 10.2% | -1.8% | 11.5% | 1.8% | NA | www.govreit.com |
| GPT Group | Australia-Sydney | GPTGF / OTC | REIT - Diversified | 6,862 | 7.4x | 2.6% | -4.3% | 7.3% | 7.3% | NA | www.gpt.com.au |
| Gramercy Property Trust | USA-NY-New York | GPT / NYSE | REIT - Industrial | 4,401 | 37.6x | 5.5% | 5.5% | 15.1% | 9.5% | NA | www.gptreit.com |
| Granite Point Mortgage Trust I | USA-NY-New York | GPMT / NYSE | REIT - Residential | 830 | 30.3x | 7.8% | 12.0% | NA | NA | NA | www.gpmortgagetrust.com |
| Granite Real Estate Investment | Canada-Toronto | GRP.U / NYSE | REIT - Industrial | 1,938 | 5.0x | 5.0% | 11.7% | 18.1% | 8.9% | NA | www.graniterealestate.com |
| Great Ajax Corp | USA-OR-Beaverton | AJX / NYSE | REIT - Diversified | 259 | 9.5x | 8.7% | 6.1% | 9.2% | NA | NA | www.great-ajax.com |
| Gyrodyne LLC | USA-NY-St. James | GYRO / Nasdaq | REIT - Diversified | 30 | 45.3x | 0.0% | 1.1% | 0.6% | -0.3% | 12.0% | www.gyrodyne.com |
| H&R Real Estate Investment Tru | Canada-Toronto | HRUFF / OTC | REIT - Diversified | 4,486 | 10.2x | 6.9% | -3.6% | 4.4% | 0.4% | NA | www.hr-reit.com |
| Hammerson PLC | EU-UK-London | HMSNF / OTC | REIT - Retail | 5,042 | 23.1x | 5.9% | -9.6% | -12.1% | -1.4% | NA | www.hammerson.com |
| Hannon Armstrong Sustainable I | USA-MD-Annapolis | HASI / NYSE | REIT - Diversified | 1,156 | 44.6x | 6.2% | -8.3% | 9.9% | 18.1% | NA | www.hannonarmstrong.com |
| HCP Inc | USA-CA-Irvine | HCP / NYSE | REIT - Healthcare Facilities | 12,653 | 192.4x | 5.5% | 7.5% | -1.6% | -0.2% | 3.3% | www.hcpi.com |
| Healthcare Realty Trust Inc | USA-TN-Nashville | HR / NYSE | REIT - Healthcare Facilities | 3,867 | 617.6x | 3.9% | -1.1% | 13.8% | 10.4% | 4.2% | www.healthcarerealty.com |
| Healthcare Trust of America In | USA-AZ-Scottsdale | HTA / NYSE | REIT - Healthcare Facilities | 5,950 | 69.9x | 4.3% | -2.5% | 9.7% | 10.9% | NA | www.htareit.com |
| Hersha Hospitality Trust | USA-PA-Harrisburg | HT / NYSE | REIT - Hotel & Motel | 920 | -- | 4.8% | 39.1% | 2.6% | 6.7% | 1.9% | www.hersha.com |
| Hibernia REIT PLC | EU-Ireland-Dublin | HIBRF / OTC | REIT - Diversified | 1,237 | 9.7x | 2.0% | -0.8% | 8.1% | NA | NA | www.hiberniareit.com |
| Highwoods Properties Inc | USA-NC-Raleigh | HIW / NYSE | REIT - Office | 5,116 | 26.0x | 3.7% | -1.1% | 12.2% | 11.6% | 6.3% | www.highwoods.com |
| HMG/Courtland Properties Inc | USA-FL-Coconut Grove | HMG / NYSE American | REIT - Retail | 15 | -- | 0.0% | 5.5% | 10.5% | -0.3% | 11.8% | www.hmgcourtland.com |
| Hospitality Properties Trust | USA-MA-Newton | HPT / Nasdaq | REIT - Hotel & Motel | 4,780 | 16.3x | 7.2% | 2.7% | 10.2% | 7.6% | 7.6% | www.hptreit.com |
| Host Hotels & Resorts Inc | USA-MD-Bethesda | HST / NYSE | REIT - Hotel & Motel | 16,131 | 24.7x | 3.7% | 11.6% | 9.9% | 8.5% | 6.6% | www.hosthotels.com |
| Hudson Pacific Properties Inc | USA-CA-Los Angeles | HPP / NYSE | REIT - Office | 5,264 | 48.7x | 3.0% | -0.5% | 7.8% | 13.3% | NA | www.hudsonpacificproperties.com |
| Hunt Companies Finance Trust I | USA-TX-El Paso | HCFT / NYSE | REIT - Residential | 86 | -- | 11.4% | -5.8% | -4.6% | -4.0% | NA | www.huntcompanies.com |
| Icade | EU-France-Paris | CDMGF / OTC | REIT - Diversified | 7,423 | 48.5x | 0.0% | 8.3% | 8.1% | 4.9% | NA | www.icade.fr |
| Independence Realty Trust Inc | USA-PA-Philadelphia | IRT / NYSE | REIT - Residential | 900 | 64.2x | 5.8% | 5.4% | 18.3% | 10.6% | NA | www.irtliving.com |
| Industrial Logistics Propertie | USA-MA-Newton | ILPT / Nasdaq | REIT - Industrial | 1,564 | 20.6x | 2.5% | NA | NA | NA | NA | www.ilptreit.com |
| InfraREIT Inc | USA-TX-Dallas | HIFR / NYSE | REIT - Diversified | 919 | 33.7x | 4.8% | 15.2% | -6.5% | NA | NA | www.infrareitinc.com |
| InnSuites Hospitality Trust | USA-AZ-Phoenix | IHT / NYSE American | REIT - Hotel & Motel | 17 | -- | 1.2% | -0.6% | -10.5% | 2.8% | 3.6% | www.innsuitestrust.com |
| Intu Properties PLC | EU-UK-London | CCRGF / OTC | REIT - Retail | 2,857 | -- | 0.0% | -31.7% | -25.8% | -16.7% | NA | www.intugroup.co.uk |
| Invesco Mortgage Capital Inc | USA-GA-Atlanta | IVR / NYSE | REIT - Diversified | 1,811 | 6.1x | 10.3% | -4.3% | 15.6% | 10.3% | NA | www.invescomortgagecapital.com |
| Investors Real Estate Trust | USA-ND-Minot | IRET / NYSE | REIT - Residential | 646 | -- | 5.2% | -2.3% | -0.9% | -1.3% | 0.4% | www.iret.com |
| Invitation Homes Inc | USA-TX-Dallas | INVH / NYSE | REIT - Residential | 12,175 | -- | 1.8% | 0.6% | NA | NA | NA | www.invitationhomes.com |
| iStar Inc | USA-NY-New York | STAR / NYSE | REIT - Diversified | 770 | 39.1x | 0.8% | 1.1% | -2.8% | 0.6% | 7.4% | www.istar.com |
| Japan Prime Realty Investment | Asia-Japan-Tokyo | JPRRF / OTC | REIT - Diversified | 3,355 | 25.6x | 4.1% | 0.0% | 4.2% | 7.1% | NA | www.jpr-reit.co.jp |
| Japan Retail Fund Investment C | Asia-Japan-Tokyo | JNRFY / OTC | REIT - Retail | 4,740 | 24.1x | 4.2% | 3.4% | 3.7% | 3.5% | NA | www.jrf-reit.com |
| JBG SMITH Properties | USA-MD-Chevy Chase | JBGS / NYSE | REIT - Diversified | 4,516 | -- | 2.4% | 9.4% | NA | NA | NA | www.jbgsmith.com |
| Jernigan Capital Inc | USA-TN-Memphis | JCAP / NYSE | REIT - Industrial | 387 | 20.6x | 7.0% | 8.8% | 9.5% | NA | NA | ww.jernigancapital.com |
| Keppel REIT | Asia-Singapore | KREVF / OTC | REIT - Office | 2,974 | 21.7x | 2.5% | -9.0% | 9.6% | 3.1% | NA | www.keppelreit.com |
| Kilroy Realty Corp | USA-CA-Los Angeles | KRC / NYSE | REIT - Office | 7,308 | 46.0x | 2.4% | -1.6% | 6.3% | 11.0% | 6.0% | www.kilroyrealty.com |
| Kimco Realty Corp | USA-NY-New Hyde Park | KIM / NYSE | REIT - Retail | 7,172 | 22.4x | 6.5% | -3.1% | -5.0% | 1.9% | -3.4% | www.kimcorealty.com |
| Kite Realty Group Trust | USA-IN-Indianapolis | KRG / NYSE | REIT - Retail | 1,475 | -- | 7.1% | -5.2% | -4.0% | 0.2% | -4.9% | www.kiterealty.com |
| Klépierre | EU-France-Paris | KLPEF / OTC | REIT - Retail | 11,409 | 7.4x | 6.5% | -6.1% | -1.7% | 1.8% | NA | www.klepierre.com |
| Ladder Capital Corp Class A | USA-NY-New York | LADR / NYSE | REIT - Diversified | 1,937 | 10.8x | 7.2% | 32.4% | 12.8% | NA | NA | www.laddercapital.com |
| Lamar Advertising Co Class A | USA-LA-Baton Rouge | LAMR / Nasdaq | REIT - Diversified | 7,569 | 25.2x | 4.5% | 5.6% | 16.7% | 16.4% | 9.3% | www.lamar.com |
| Land Securities Group PLC | EU-UK-London | LSGOF / OTC | REIT - Diversified | 9,081 | -- | 5.0% | -8.0% | -12.9% | 0.2% | NA | www.landsec.com |
| Land Securities Group PLC ADR | EU-UK-London | LDSCY / OTC | REIT - Diversified | 9,081 | -- | 11.0% | -1.5% | NA | NA | NA | www.landsec.com |
| LaSalle Hotel Properties | USA-MD-Bethesda | LHO / NYSE | REIT - Hotel & Motel | 3,900 | 63.1x | 4.5% | 28.3% | 8.1% | 10.3% | 5.7% | www.lasallehotels.com |
| Lexington Realty Trust | USA-NY-New York | LXP / NYSE | REIT - Diversified | 2,250 | 156.3x | 7.5% | 0.9% | 12.1% | 1.8% | 0.6% | www.lxp.com |
| Liberty Property Trust | USA-PA-Malvern | LPT / NYSE | REIT - Office | 6,456 | 27.0x | 3.7% | 3.4% | 15.9% | 8.8% | 5.1% | www.libertyproperty.com |
| Life Storage Inc | USA-NY-Williamsville | LSI / NYSE | REIT - Industrial | 4,541 | 35.1x | 4.1% | 12.8% | 5.9% | 11.6% | 12.4% | www.lifestorage.com |
| Link Real Estate Investment Tr | Asia-Hong Kong | LKREF / OTC | REIT - Retail | 20,977 | 3.6x | 1.6% | 6.5% | 27.1% | 19.1% | NA | www.linkreit.com |
| Lippo Malls Indonesia Retail T | Asia-Singapore | LPMDF / OTC | REIT - Retail | 585 | 22.2x | 4.6% | -26.8% | 4.1% | -4.8% | NA | www.lmir-trust.com |
| LondonMetric Property PLC | EU-UK-London | LNSPF / OTC | REIT - Diversified | 1,683 | 6.6x | 4.6% | 30.6% | 0.8% | NA | NA | www.londonmetric.com |
| LTC Properties Inc | USA-CA-Westlake Village | LTC / NYSE | REIT - Healthcare Facilities | 1,827 | 14.1x | 5.0% | 9.4% | 8.4% | 9.9% | 9.3% | www.ltcreit.com |
| Macerich Co | USA-CA-Santa Monica | MAC / NYSE | REIT - Retail | 8,251 | 365.6x | 5.1% | -7.6% | -2.9% | 6.2% | 4.1% | www.macerich.com |
| Mack-Cali Realty Corp | USA-NJ-Jersey City | CLI / NYSE | REIT - Office | 1,960 | 27.8x | 3.7% | 3.4% | 7.3% | 3.3% | -1.5% | www.mack-cali.com |
| Manhattan Bridge Capital Inc | USA-NY-Great Neck | LOAN / Nasdaq | REIT - Diversified | 64 | 14.5x | 6.8% | 16.2% | 28.3% | 38.5% | 24.3% | www.manhattanbridgecapital.com |
| MedEquities Realty Trust Inc | USA-TN-Nashville | MRT / NYSE | REIT - Healthcare Facilities | 341 | 17.6x | 7.8% | 1.1% | NA | NA | NA | www.medequities.com |
| Medical Properties Trust Inc | USA-AL-Birmingham | MPW / NYSE | REIT - Healthcare Facilities | 5,447 | 15.7x | 6.6% | 12.0% | 14.2% | 11.0% | 7.9% | www.medicalpropertiestrust.com |
| MFA Financial Inc | USA-NY-New York | MFA / NYSE | REIT - Diversified | 3,440 | 10.1x | 10.4% | 1.9% | 11.8% | 10.2% | 9.7% | www.mfafinancial.com |
| MGM Growth Properties LLC A | USA-NV-Las Vegas | MGP / NYSE | REIT - Hotel & Motel | 8,168 | 44.5x | 5.4% | 8.2% | NA | NA | NA | www.mgmgrowthproperties.com |
| Mid-America Apartment Communit | USA-TN-Memphis | MAA / NYSE | REIT - Residential | 11,771 | 34.3x | 3.5% | 5.6% | 12.2% | 14.2% | 10.2% | www.maac.com |
| Monmouth Real Estate Investmen | USA-NJ-Freehold | MNR / NYSE | REIT - Industrial | 1,397 | 35.4x | 3.9% | 0.4% | 26.3% | 18.0% | 12.5% | www.mreic.reit |
| MTGE Investment Corp | USA-MD-Bethesda | MTGE / Nasdaq | REIT - Diversified | 900 | 14.6x | 9.6% | 13.7% | 18.3% | 8.6% | NA | www.mtge.com |
| National Health Investors Inc | USA-TN-Murfreesboro | NHI / NYSE | REIT - Healthcare Facilities | 3,314 | 21.4x | 5.0% | 6.9% | 16.6% | 11.8% | 12.8% | www.nhireit.com |
| National Retail Properties Inc | USA-FL-Orlando | NNN / NYSE | REIT - Retail | 7,214 | 33.2x | 4.2% | 9.9% | 12.8% | 12.3% | 10.7% | www.nnnreit.com |
| National Storage Affiliates Tr | USA-CO-Greenwood Village | NSA / NYSE | REIT - Industrial | 1,587 | 216.0x | 4.0% | 5.1% | 33.7% | NA | NA | www.nationalstorageaffiliates.com |
| New Residential Investment Cor | USA-NY-New York | NRZ / NYSE | REIT - Residential | 6,304 | 4.7x | 10.8% | 9.3% | 19.3% | 16.8% | NA | www.newresi.com |
| New Senior Investment Group In | USA-NY-New York | SNR / NYSE | REIT - Diversified | 514 | -- | 16.6% | -10.3% | -7.7% | NA | NA | www.newseniorinv.com |
| New York Mortgage Trust Inc | USA-NY-New York | NYMT / Nasdaq | REIT - Residential | 799 | 7.8x | 12.5% | 10.4% | 11.2% | 13.2% | 13.6% | www.nymtrust.com |
| New York REIT Inc | USA-MA-Boston | NYRT / NYSE | REIT - Office | 312 | -- | 0.0% | 10.6% | -6.7% | NA | NA | www.nyrt.com |
| NexPoint Residential Trust Inc | USA-TX-Dallas | NXRT / NYSE | REIT - Residential | 668 | 11.9x | 3.0% | 17.0% | 40.9% | NA | NA | www.nexpointliving.com |
| NorthStar Realty Europe Corp | USA-NY-New York | NRE / NYSE | REIT - Office | 681 | 26.3x | 4.4% | 5.1% | NA | NA | NA | www.nrecorp.com |
| Omega Healthcare Investors Inc | USA-MD-Hunt Valley | OHI / NYSE | REIT - Healthcare Facilities | 6,617 | 70.3x | 8.0% | 27.1% | 5.6% | 9.4% | 11.3% | www.omegahealthcare.com |
| One Liberty Properties Inc | USA-NY-Great Neck | OLP / NYSE | REIT - Diversified | 554 | 25.7x | 6.2% | 14.4% | 15.2% | 11.5% | 9.3% | www.onelibertyproperties.com |
| Orchid Island Capital Inc | USA-FL-Vero Beach | ORC / NYSE | REIT - Diversified | 415 | -- | 16.8% | -7.2% | 11.6% | 9.4% | NA | www.orchidislandcapital.com |
| Outfront Media Inc | USA-NY-New York | OUT / NYSE | REIT - Diversified | 2,762 | 31.5x | 7.3% | -11.4% | 1.7% | NA | NA | www.outfrontmedia.com |
| Owens Realty Mortgage Inc | USA-CA-Walnut Creek | ORM / NYSE American | REIT - Office | 143 | -- | 3.4% | 5.9% | 9.1% | 11.0% | NA | www.owensmortgage.com |
| Paramount Group Inc | USA-NY-New York | PGRE / NYSE | REIT - Office | 3,810 | -- | 2.5% | 1.2% | 0.3% | NA | NA | www.paramount-group.com |
| Park Hotels & Resorts Inc | USA-VA-McLean | PK / NYSE | REIT - Hotel & Motel | 6,782 | 14.3x | 5.5% | 21.8% | NA | NA | NA | www.pkhotelsandresorts.com |
| Partners Real Estate Investmen | Canada-Toronto | PTSRF / OTC | REIT - Retail | 107 | 37.8x | 8.3% | 3.9% | 8.8% | -9.5% | NA | www.partnersreit.com |
| Pebblebrook Hotel Trust | USA-MD-Bethesda | PEB / NYSE | REIT - Hotel & Motel | 2,676 | 24.9x | 3.9% | 6.3% | 3.6% | 12.0% | NA | www.pebblebrookhotels.com |
| Pennsylvania Real Estate Inves | USA-PA-Philadelphia | PEI / NYSE | REIT - Retail | 727 | -- | 8.1% | -9.7% | -14.5% | -5.1% | -1.0% | www.preit.com |
| PennyMac Mortgage Investment T | USA-CA-Westlake Village | PMT / NYSE | REIT - Diversified | 1,229 | 13.3x | 9.3% | 31.4% | 19.3% | 7.8% | NA | www.pennymacmortgageinvestmenttrust.com |
| Physicians Realty Trust | USA-WI-Milwaukee | DOC / NYSE | REIT - Healthcare Facilities | 3,186 | 72.9x | 5.3% | 1.1% | 11.5% | 14.3% | NA | www.docreit.com |
| Piedmont Office Realty Trust I | USA-GA-Johns Creek | PDM / NYSE | REIT - Office | 2,526 | 22.5x | 4.3% | 3.6% | 9.5% | 7.2% | NA | www.piedmontreit.com |
| Plymouth Industrial REIT Inc | USA-MA-Boston | PLYM / NYSE American | REIT - Industrial | 75 | -- | 9.3% | -8.5% | NA | NA | NA | www.plymouthreit.com |
| PotlatchDeltic Corp | USA-WA-Spokane | PCH / Nasdaq | REIT - Diversified | 2,918 | 21.5x | 3.4% | -5.2% | 15.0% | 6.9% | 3.4% | www.potlatchdeltic.com |
| Power REIT | USA-NY-Old Bethpage | PW / NYSE American | REIT - Diversified | 11 | 23.7x | 0.0% | -3.9% | 6.4% | -5.9% | -1.9% | www.pwreit.com |
| Preferred Apartment Communitie | USA-GA-Atlanta | APTS / NYSE | REIT - Residential | 713 | -- | 5.6% | -9.6% | 25.3% | 21.3% | NA | www.pacapts.com |
| Prologis Inc | USA-CA-San Francisco | PLD / NYSE | REIT - Industrial | 42,102 | 19.2x | 2.8% | 5.2% | 22.8% | 16.2% | 5.9% | www.prologis.com |
| PS Business Parks Inc | USA-CA-Glendale | PSB / NYSE | REIT - Diversified | 3,540 | 22.8x | 2.6% | 4.9% | 23.3% | 14.9% | 11.1% | www.psbusinessparks.com |
| Public Storage | USA-CA-Glendale | PSA / NYSE | REIT - Industrial | 36,878 | 29.5x | 3.8% | 3.2% | 4.4% | 10.0% | 11.5% | www.publicstorage.com |
| Pure Multi-Family REIT LP | Canada-Vancouver | PMULF / OTC | REIT - Residential | 505 | 15.9x | 5.8% | 12.5% | 15.1% | NA | NA | www.puremultifamily.com |
| QTS Realty Trust Inc Class A | USA-KS-Overland Park | QTS / NYSE | REIT - Industrial | 2,333 | -- | 3.5% | -14.3% | 6.9% | NA | NA | www.qtsdatacenters.com |
| Ramco-Gershenson Properties Tr | USA-MI-Farmington Hills | RPT / NYSE | REIT - Retail | 1,119 | 20.5x | 6.3% | -2.2% | 1.5% | 4.6% | -0.5% | www.rgpt.com |
| Realty Income Corp | USA-CA-San Diego | O / NYSE | REIT - Retail | 16,944 | 50.4x | 4.4% | 5.2% | 12.6% | 12.2% | 11.9% | www.realtyincome.com |
| Redwood Trust Inc | USA-CA-Mill Valley | RWT / NYSE | REIT - Diversified | 1,411 | 10.4x | 6.7% | 18.8% | 11.4% | 4.9% | 4.4% | www.redwoodtrust.com |
| Regency Centers Corp | USA-FL-Jacksonville | REG / NYSE | REIT - Retail | 11,145 | 49.0x | 3.3% | -2.5% | 5.8% | 9.8% | 3.3% | www.regencycenters.com |
| Retail Opportunity Investments | USA-CA-San Diego | ROIC / Nasdaq | REIT - Retail | 2,203 | 57.4x | 3.9% | -0.2% | 9.8% | 12.2% | 10.0% | www.roireit.net |
| Retail Properties of America I | USA-IL-Oak Brook | RPAI / NYSE | REIT - Retail | 2,780 | -- | 5.2% | -3.3% | 1.5% | 3.7% | NA | www.rpai.com |
| Reven Housing REIT Inc | USA-CA-La Jolla | RVEN / Nasdaq | REIT - Residential | 44 | -- | 0.0% | -12.6% | -16.7% | -12.7% | NA | www.revenhousingreit.com |
| Rexford Industrial Realty Inc | USA-CA-Los Angeles | REXR / NYSE | REIT - Industrial | 2,945 | 89.8x | 1.9% | 12.0% | 37.8% | 21.5% | NA | www.rexfordindustrial.com |
| Riocan Real Estate Investment | Canada-Toronto | RIOCF / OTC | REIT - Retail | 6,152 | 12.7x | 5.7% | 3.9% | 6.3% | 1.9% | NA | www.riocan.com |
| RLJ Lodging Trust | USA-MD-Bethesda | RLJ / NYSE | REIT - Hotel & Motel | 3,895 | 55.9x | 5.0% | 4.1% | -2.2% | 4.3% | NA | www.rljlodgingtrust.com |
| Ryman Hospitality Properties I | USA-TN-Nashville | RHP / NYSE | REIT - Hotel & Motel | 4,589 | 25.7x | 3.7% | 32.0% | 23.5% | 25.6% | 12.4% | www.rymanhp.com |
| Sabana Shari'ah Compliant Indu | Asia-Singapore | SBBSF / OTC | REIT - Industrial | 332 | -- | 1.9% | 8.9% | -7.0% | -9.8% | NA | www.sabana-reit.com |
| Sabra Health Care REIT Inc | USA-CA-Irvine | SBRA / Nasdaq | REIT - Healthcare Facilities | 4,175 | 10.2x | 8.0% | 32.0% | 4.9% | 7.4% | NA | www.sabrahealth.com |
| Sachem Capital Corp | USA-CT-Branford | SACH / NYSE American | REIT - Residential | 65 | 8.3x | 10.0% | 15.7% | NA | NA | NA | www.sachemcapitalpartners.com |
| Saul Centers Inc | USA-MD-Bethesda | BFS / NYSE | REIT - Retail | 1,337 | 39.6x | 3.5% | -1.2% | 9.3% | 9.6% | 5.2% | www.saulcenters.com |
| Scentre Group | Australia-Sydney | STGPF / OTC | REIT - Retail | 16,094 | 5.4x | 5.4% | 1.4% | 6.6% | 8.0% | NA | www.scentregroup.com |
| Segro PLC | EU-UK-London | SEGXF / OTC | REIT - Industrial | 8,746 | 5.7x | 2.7% | 11.8% | 9.8% | 16.2% | NA | www.segro.com |
| Select Income REIT | USA-MA-Newton | SIR / Nasdaq | REIT - Diversified | 1,868 | 23.7x | 9.8% | -10.9% | 12.9% | 4.8% | NA | www.sirreit.com |
| Senior Housing Properties Trus | USA-MA-Newton | SNH / Nasdaq | REIT - Healthcare Facilities | 4,506 | 22.8x | 8.2% | 5.1% | 13.9% | 3.3% | 4.7% | www.snhreit.com |
| Seritage Growth Properties A | USA-NY-New York | SRG / NYSE | REIT - Retail | 2,881 | -- | 1.9% | 28.6% | 11.3% | NA | NA | www.seritage.com |
| Simon Property Group Inc | USA-IN-Indianapolis | SPG / NYSE | REIT - Retail | 56,108 | 25.0x | 4.3% | 9.1% | 3.2% | 9.0% | 9.8% | www.simon.com |
| SL Green Realty Corp | USA-NY-New York | SLG / NYSE | REIT - Office | 8,999 | 34.8x | 3.1% | 4.6% | 2.0% | 6.1% | 3.5% | www.slgreen.com |
| SmartCentres Real Estate Inves | Canada-Vaughan | CWYUF / OTC | REIT - Retail | 3,821 | 15.8x | 5.7% | 1.5% | 7.5% | 5.3% | NA | www.smartcentres.com |
| Sotherly Hotels Inc | USA-VA-Williamsburg | SOHO / Nasdaq | REIT - Hotel & Motel | 104 | -- | 6.2% | 18.1% | 9.2% | 15.0% | 4.5% | www.sotherlyhotels.com |
| Spirit MTA REIT | USA-TX-Dallas | SMTA / NYSE | REIT - Diversified | 458 | -- | 0.0% | NA | NA | NA | NA | www.spiritrealty.com |
| Spirit Realty Capital Inc | USA-TX-Dallas | SRC / NYSE | REIT - Diversified | 3,579 | 52.5x | 8.6% | 14.6% | 5.7% | 8.2% | NA | www.spiritrealty.com |
| Stag Industrial Inc | USA-MA-Boston | STAG / NYSE | REIT - Industrial | 2,995 | 49.4x | 4.9% | 8.4% | 23.8% | 12.3% | NA | www.stagreit.com |
| Starwood Property Trust Inc | USA-CT-Greenwich | STWD / NYSE | REIT - Diversified | 5,889 | 15.1x | 8.7% | 7.8% | 9.2% | 8.7% | NA | www.starwoodpropertytrust.com |
| Stockland Corp Ltd | Australia-Sydney | STKAF / OTC | REIT - Diversified | 7,422 | 9.8x | 6.6% | -11.1% | 6.5% | 2.8% | 0.4% | www.stockland.com.au |
| STORE Capital Corp | USA-AZ-Scottsdale | STOR / NYSE | REIT - Diversified | 5,895 | 39.6x | 4.3% | 12.5% | 16.0% | NA | NA | www.storecapital.com |
| Summit Hotel Properties Inc | USA-TX-Austin | INN / NYSE | REIT - Hotel & Motel | 1,455 | 27.2x | 5.1% | -5.3% | 8.6% | 11.8% | NA | www.shpreit.com |
| Sun Communities Inc | USA-MI-Southfield | SUI / NYSE | REIT - Residential | 8,366 | 100.2x | 2.7% | 12.7% | 18.9% | 22.0% | 21.0% | www.suncommunities.com |
| Sunstone Hotel Investors Inc | USA-CA-Aliso Viejo | SHO / NYSE | REIT - Hotel & Motel | 3,825 | 38.1x | 4.4% | 2.0% | 11.7% | 11.0% | 4.2% | www.sunstonehotels.com |
| Suntec Real Estate Investment | Asia-Singapore | SURVF / OTC | REIT - Retail | 3,670 | 20.3x | 4.0% | -11.7% | 12.8% | 6.7% | NA | www.suntecreit.com |
| Sutherland Asset Management Co | USA-NY-New York | SLD / NYSE | REIT - Diversified | 550 | 9.6x | 8.8% | 18.3% | 13.7% | 10.1% | NA | www.sutherlandam.com |
| Tanger Factory Outlet Centers | USA-NC-Greensboro | SKT / NYSE | REIT - Retail | 2,258 | 37.0x | 5.8% | -5.4% | -4.4% | -0.4% | 5.5% | www.tangeroutlet.com |
| Taubman Centers Inc | USA-MI-Bloomfield Hills | TCO / NYSE | REIT - Retail | 3,965 | 67.9x | 3.9% | 1.3% | 0.9% | 3.8% | 6.4% | www.taubman.com |
| Terreno Realty Corp | USA-CA-San Francisco | TRNO / NYSE | REIT - Industrial | 2,239 | 35.2x | 2.3% | 10.6% | 25.7% | 19.0% | NA | www.terreno.com |
| The GEO Group Inc | USA-FL-Boca Raton | GEO / NYSE | REIT - Healthcare Facilities | 3,099 | 21.0x | 7.4% | 13.8% | 15.1% | 10.4% | 10.2% | www.geogroup.com |
| Tier REIT Inc | USA-TX-Dallas | TIER / NYSE | REIT - Office | 1,204 | 17.5x | 3.0% | 18.1% | 21.2% | NA | NA | www.tierreit.com |
| TPG RE Finance Trust Inc | USA-NY-New York | TRTX / NYSE | REIT - Diversified | 1,385 | 12.8x | 7.6% | 12.7% | NA | NA | NA | www.tpgrefinance.com |
| Transcontinental Realty Invest | USA-TX-Dallas | TCI / NYSE | REIT - Diversified | 258 | 44.9x | 0.0% | -5.4% | 31.1% | 27.6% | 8.6% | www.transconrealty-invest.com |
| Tremont Mortgage Trust Registe | USA-MA-Newton | TRMT / Nasdaq | REIT - Diversified | 38 | -- | 0.0% | -18.2% | NA | NA | NA | www.trmtreit.com |
| Two Harbors Investment Corp | USA-NY-New York | TWO / NYSE | REIT - Residential | 3,870 | 4.2x | 10.1% | 2.7% | 10.5% | 9.4% | 8.6% | www.twoharborsinvestment.com |
| UDR Inc | USA-CO-Highlands Ranch | UDR / NYSE | REIT - Residential | 10,654 | 147.8x | 3.2% | 5.8% | 9.8% | 15.0% | 7.5% | www.udr.com |
| UMH Properties Inc | USA-NJ-Freehold | UMH / NYSE | REIT - Residential | 592 | -- | 4.5% | 10.8% | 24.4% | 15.3% | 10.7% | www.umh.com |
| Unibail-Rodamco-Westfield | EU-France-Paris | UNBLF / OTC | REIT - Retail | 30,466 | 8.6x | 2.8% | -4.5% | -1.7% | 4.2% | NA | www.urw.com |
| Uniti Group Inc | USA-AR-Little Rock | UNIT / Nasdaq | REIT - Industrial | 3,656 | 260.1x | 11.5% | 23.7% | 10.8% | NA | NA | www.uniti.com |
| Universal Health Realty Income | USA-PA-King of Prussia | UHT / NYSE | REIT - Healthcare Facilities | 1,045 | 41.1x | 3.5% | 3.0% | 21.1% | 17.3% | 10.7% | www.uhrit.com |
| Urban Edge Properties | USA-NY-New York | UE / NYSE | REIT - Diversified | 2,610 | 36.3x | 3.8% | -8.5% | 6.0% | NA | NA | www.uedge.com |
| Urstadt Biddle Properties Inc | USA-CT-Greenwich | UBP / NYSE | REIT - Retail | 862 | 32.4x | 5.2% | 13.1% | 8.5% | 5.6% | 4.4% | www.ubproperties.com |
| Urstadt Biddle Properties Inc | USA-CT-Greenwich | UBA / NYSE | REIT - Retail | 862 | 40.1x | 4.7% | 8.8% | 12.9% | 7.5% | 6.8% | www.ubproperties.com |
| Ventas Inc | USA-IL-Chicago | VTR / NYSE | REIT - Healthcare Facilities | 21,240 | 39.0x | 5.3% | 1.9% | 6.6% | 6.0% | 7.6% | www.ventasreit.com |
| VEREIT Inc Class A | USA-AZ-Phoenix | VER / NYSE | REIT - Diversified | 7,527 | -- | 7.1% | 3.4% | 4.4% | -4.4% | NA | www.vereit.com |
| VICI Properties Inc Ordinary S | USA-NV-Las Vegas | VICI / NYSE | REIT - Diversified | 7,640 | 108.6x | 2.1% | 2.7% | NA | NA | NA | www.viciproperties.com |
| Vornado Realty Trust | USA-NY-New York | VNO / NYSE | REIT - Office | 14,610 | 109.7x | 3.2% | 0.7% | -1.9% | 4.6% | 1.8% | www.vno.com |
| W.P. Carey Inc | USA-NY-New York | WPC / NYSE | REIT - Diversified | 7,110 | 25.6x | 6.1% | -0.8% | 10.1% | 5.4% | 12.3% | www.wpcarey.com |
| Washington Prime Group Inc | USA-OH-Columbus | WPG / NYSE | REIT - Retail | 1,460 | 23.8x | 12.7% | 17.3% | -5.2% | NA | NA | www.washingtonprime.com |
| Washington REIT | USA-DC-Washington | WRE / NYSE | REIT - Office | 2,472 | 131.0x | 3.8% | 2.9% | 11.6% | 9.0% | 2.6% | www.writ.com |
| Weingarten Realty Investors | USA-TX-Houston | WRI / NYSE | REIT - Retail | 3,949 | 28.3x | 5.1% | -3.8% | 3.5% | 6.3% | 3.2% | www.weingarten.com |
| Welltower Inc | USA-OH-Toledo | WELL / NYSE | REIT - Healthcare Facilities | 24,770 | 118.9x | 5.2% | 8.5% | 5.7% | 6.3% | 6.5% | www.welltower.com |
| Western Asset Mortgage Capital | USA-CA-Pasadena | WMC / NYSE | REIT - Diversified | 464 | 6.9x | 11.1% | 18.2% | 6.6% | 6.4% | NA | www.westernassetmcc.com |
| Westfield Corp | Australia-Sydney | WEFIF / OTC | REIT - Retail | 14,038 | -- | 3.8% | -2.1% | 0.3% | -4.4% | NA | www.westfieldcorp.com |
| Wheeler Real Estate Investment | USA-VA-Virginia Beach | WHLR / Nasdaq | REIT - Retail | 52 | -- | 12.3% | -44.4% | -15.9% | -14.9% | NA | www.whlr.us |
| Whitestone REIT Class B | USA-TX-Houston | WSR / NYSE | REIT - Retail | 546 | 59.7x | 8.3% | -0.1% | 13.8% | 6.4% | NA | www.whitestonereit.com |
| WPT Industrial Real Estate Inv | Canada-Toronto | WPTIF / OTC | REIT - Industrial | 619 | 25.0x | 5.5% | 13.7% | 11.5% | 15.7% | NA | www.wptreit.com |
| Xenia Hotels & Resorts Inc | USA-FL-Orlando | XHR / NYSE | REIT - Hotel & Motel | 2,732 | 24.9x | 4.5% | 15.6% | 13.4% | NA | NA | www.xeniareit.com |
Notes
Sources: Morningstar and Bloomberg as of August 30, 2018.
Listing excludes companies with market capitalizations of less than $10 million or unknown
Disclaimer
Inclusion of companies on this list does not imply that Solari recommends these stocks for investment. Please consult your financial advisor and invest in a manner appropriate for your personal situation.