| Rank |
Company |
Revenue
($ millions) |
Assets |
Market Cap
Dec 12, 2025 |
| # 1 |
Blackstone Real Estate Income Trust, Inc. |
8,531 |
116,238 |
|
| # 2 |
Annaly Capital Management Inc. |
4,840 |
103,556 |
|
| # 3 |
Prologis, Inc. |
8,202 |
95,329 |
|
| # 4 |
AGNC Investment Corp. |
2,949 |
88,015 |
26,775 |
| # 5 |
Realty Income Corporation |
5,271 |
68,835 |
53,037 |
| # 6 |
STARWOOD PROPERTY TRUST, INC. |
1,947 |
62,556 |
6,840 |
| # 7 |
American Tower Corporation (REIT) |
10,127 |
61,077 |
84,674 |
| # 8 |
Welltower Inc. |
7,991 |
51,044 |
128,038 |
| # 9 |
Rithm Capital Corp. |
5,206 |
46,049 |
|
| # 10 |
VICI Properties Inc. |
3,849 |
45,369 |
30,643 |
| # 11 |
Digital Realty Trust Inc. |
5,555 |
45,284 |
|
| # 12 |
Alexandria Real Estate Equities Inc. |
3,116 |
37,527 |
7,976 |
| # 13 |
Equinix Inc. |
8,748 |
35,085 |
73,684 |
| # 14 |
Crown Castle Inc. |
6,568 |
32,736 |
39,637 |
| # 15 |
Simon Property Group Inc. |
5,964 |
32,406 |
|
| # 16 |
Extra Space Storage Inc. |
3,257 |
28,848 |
28,482 |
| # 17 |
Ventas, Inc. |
4,924 |
26,187 |
36,479 |
| # 18 |
BXP, Inc. |
3,408 |
26,085 |
11,256 |
| # 19 |
AvalonBay Communities Inc. |
2,914 |
21,001 |
24,965 |
| # 20 |
STARWOOD REAL ESTATE INCOME TRUST, INC. |
1,688 |
20,992 |
|
| # 21 |
Equity Residential |
2,980 |
20,834 |
23,133 |
| # 22 |
Kimco Realty Corporation (HC) |
2,037 |
20,310 |
|
| # 23 |
Healthpeak Properties Inc. |
2,700 |
19,938 |
11,525 |
| # 24 |
Blackstone Mortgage Trust Inc. |
1,769 |
19,802 |
3,437 |
| # 25 |
Public Storage |
4,696 |
19,755 |
|
| # 26 |
Iron Mountain Incorporated (Delaware) |
6,150 |
18,717 |
24,577 |
| # 27 |
Lineage, Inc. |
5,340 |
18,661 |
8,460 |
| # 28 |
Redwood Trust Inc. |
883 |
18,258 |
|
| # 29 |
W. P. Carey Inc. |
1,583 |
17,535 |
14,087 |
| # 30 |
Sun Communities Inc. |
3,221 |
16,549 |
15,054 |
| # 31 |
Weyerhaeuser Company |
7,124 |
16,536 |
16,893 |
| # 32 |
Vornado Realty Trust |
1,788 |
15,999 |
|
| # 33 |
STORE CAPITAL LLC |
1,152 |
15,163 |
|
| # 34 |
PennyMac Mortgage Investment Trust |
1,368 |
14,409 |
0 |
| # 35 |
Medical Properties Trust Inc. |
996 |
14,295 |
3,056 |
| # 36 |
Armour Residential REIT, Inc. |
|
13,548 |
|
| # 37 |
Arbor Realty Trust |
1,444 |
13,491 |
|
| # 38 |
American Homes 4 Rent |
1,729 |
13,381 |
|
| # 39 |
Chimera Investment Corporation |
758 |
13,116 |
0 |
| # 40 |
Gaming & Leisure Properties, Inc. |
1,532 |
13,076 |
12,324 |
| # 41 |
Host Hotels & Resorts Inc. |
5,684 |
13,048 |
12,657 |
| # 42 |
Essex Property Trust Inc. |
1,774 |
12,927 |
16,618 |
| # 43 |
Rexford Industrial Realty, Inc. |
936 |
12,648 |
|
| # 44 |
Regency Centers Corporation |
1,454 |
12,392 |
4,335 |
| # 45 |
Two Harbors Investment Corp |
738 |
12,204 |
|
| # 46 |
Mid-America Apartment Communities Inc. |
2,191 |
11,812 |
|
| # 47 |
SBA Communications Corporation |
2,680 |
11,417 |
20,279 |
| # 48 |
MFA Financial Inc. |
663 |
11,410 |
|
| # 49 |
Kilroy Realty Corporation |
1,136 |
10,898 |
4,764 |
| # 50 |
UDR, Inc. |
1,672 |
10,898 |
11,736 |
| # 51 |
Healthcare Realty Trust Inc |
1,268 |
10,651 |
6,067 |
| # 52 |
SL Green Realty Corp |
886 |
10,470 |
|
| # 53 |
FS Credit Real Estate Income Trust, Inc. |
851 |
10,202 |
|
| # 54 |
Ready Capital Corp |
807 |
10,142 |
|
| # 55 |
Omega Healthcare Investors Inc. |
1,051 |
9,898 |
12,947 |
| # 56 |
Douglas Emmett Inc |
986 |
9,404 |
1,945 |
| # 57 |
New York Mortgage Trust Inc. |
|
9,217 |
|
| # 58 |
Howard Hughes Holdings Inc. |
1,751 |
9,211 |
5,027 |
| # 59 |
Howard Hughes Corporation (The) |
1,751 |
9,209 |
|
| # 60 |
Brixmor Property Group Inc. |
1,285 |
8,909 |
7,858 |
| # 61 |
NNN REIT Inc. |
869 |
8,873 |
7,652 |
| # 62 |
Camden Property Trust |
1,544 |
8,852 |
11,046 |
| # 63 |
Cousins Properties Incorporated |
857 |
8,802 |
4,202 |
| # 64 |
Macerich Company (The) |
918 |
8,567 |
4,745 |
| # 65 |
Federal Realty Investment Trust |
1,202 |
8,525 |
|
| # 66 |
Agree Realty Corporation |
617 |
8,486 |
|
| # 67 |
Apollo Commercial Real Estate Finance, Inc. |
304 |
8,412 |
1,407 |
| # 68 |
Dynex Capital Inc. |
318 |
8,185 |
|
| # 69 |
Paramount Group, Inc. |
757 |
7,872 |
1,467 |
| # 70 |
Americold Realty Trust Inc. |
2,667 |
7,736 |
3,630 |
| # 71 |
ARES INDUSTRIAL REAL ESTATE INCOME TRUST INC. |
526 |
7,581 |
|
| # 72 |
Service Properties Trust |
1,897 |
7,120 |
324 |
| # 73 |
Kite Realty Group Trust |
842 |
7,092 |
5,034 |
| # 74 |
HA Sustainable Infrastructure Capital, Inc. |
384 |
7,080 |
4,158 |
| # 75 |
Global Net Lease, Inc. |
805 |
6,956 |
|
| # 76 |
AG Mortgage Investment Trust, Inc. |
408 |
6,914 |
|
| # 77 |
Safehold Inc. |
366 |
6,899 |
1,009 |
| # 78 |
STAG Industrial, Inc. |
767 |
6,833 |
7,042 |
| # 79 |
Lamar Advertising Company |
2,207 |
6,587 |
12,998 |
| # 80 |
CubeSmart |
1,066 |
6,394 |
8,322 |
| # 81 |
KKR Real Estate Finance Trust Inc. |
565 |
6,350 |
|
| # 82 |
Independence Realty Trust Inc. |
640 |
6,058 |
4,042 |
| # 83 |
Highwoods Properties Inc. |
826 |
6,029 |
2,840 |
| # 84 |
Franklin BSP Realty Trust, Inc. |
210 |
6,002 |
|
| # 85 |
Essential Properties Realty Trust Inc. |
450 |
5,799 |
6,039 |
| # 86 |
ARES REAL ESTATE INCOME TRUST INC. |
417 |
5,731 |
|
| # 87 |
Orchid Island Capital, Inc. |
|
5,722 |
1,086 |
| # 88 |
Pebblebrook Hotel Trust |
1,453 |
5,693 |
|
| # 89 |
Invesco Mortgage Capital Inc. |
|
5,688 |
|
| # 90 |
Equity Lifestyle Properties Inc. |
1,526 |
5,646 |
12,019 |
| # 91 |
EPR Properties |
698 |
5,617 |
|
| # 92 |
NexPoint Real Estate Finance, Inc. |
1 |
5,416 |
|
| # 93 |
Industrial Logistics Properties Trust |
442 |
5,406 |
373 |
| # 94 |
National Storage Affiliates Trust |
770 |
5,354 |
|
| # 95 |
Sabra Health Care REIT, Inc. |
703 |
5,304 |
4,768 |
| # 96 |
Uniti Group Inc. |
1,167 |
5,282 |
1,783 |
| # 97 |
First Industrial Realty Trust Inc. |
670 |
5,261 |
7,656 |
| # 98 |
Ryman Hospitality Properties, Inc. |
2,339 |
5,218 |
6,198 |
| # 99 |
Broadstone Net Lease, Inc. |
432 |
5,216 |
3,320 |
| # 100 |
OUTFRONT Media Inc. |
1,831 |
5,215 |
3,907 |