| Rank |
Company |
Revenue
($ millions) |
Assets |
| # 1 |
American Tower Corporation (REIT) |
10,711 |
67,195 |
| # 2 |
Weyerhaeuser Company |
10,184 |
17,340 |
| # 3 |
Blackstone Real Estate Income Trust, Inc. |
7,646 |
142,687 |
| # 4 |
Equinix Inc. |
7,263 |
30,311 |
| # 5 |
Crown Castle Inc. |
6,986 |
38,921 |
| # 6 |
Prologis, Inc. |
5,974 |
87,897 |
| # 7 |
Welltower Inc. |
5,861 |
37,893 |
| # 8 |
Simon Property Group Inc. |
5,291 |
33,011 |
| # 9 |
Iron Mountain Incorporated (Delaware) |
5,104 |
16,141 |
| # 10 |
Host Hotels & Resorts Inc. |
4,907 |
12,269 |
| # 11 |
Rithm Capital Corp. |
4,727 |
32,479 |
| # 12 |
Digital Realty Trust Inc. |
4,692 |
41,485 |
| # 13 |
Franchise Group, Inc. |
4,398 |
3,630 |
| # 14 |
Public Storage |
4,182 |
17,552 |
| # 15 |
Ventas, Inc. |
4,129 |
24,158 |
| # 16 |
Realty Income Corporation |
3,344 |
49,673 |
| # 17 |
BXP, Inc. |
3,109 |
24,208 |
| # 18 |
Sun Communities Inc. |
2,970 |
17,084 |
| # 19 |
Americold Realty Trust Inc. |
2,915 |
8,105 |
| # 20 |
Equity Residential |
2,735 |
20,218 |
| # 21 |
SBA Communications Corporation |
2,633 |
10,585 |
| # 22 |
VICI Properties Inc. |
2,601 |
37,576 |
| # 23 |
AvalonBay Communities Inc. |
2,593 |
20,458 |
| # 24 |
Alexandria Real Estate Equities Inc. |
2,589 |
35,523 |
| # 25 |
Healthpeak Properties Inc. |
2,061 |
15,771 |
| # 26 |
Lamar Advertising Company |
2,032 |
6,475 |
| # 27 |
Mid-America Apartment Communities Inc. |
2,020 |
11,241 |
| # 28 |
Extra Space Storage Inc. |
1,924 |
12,167 |
| # 29 |
Service Properties Trust |
1,863 |
7,488 |
| # 30 |
CoreCivic, Inc. |
1,845 |
3,245 |
| # 31 |
Ryman Hospitality Properties, Inc. |
1,806 |
4,041 |
| # 32 |
Vornado Realty Trust |
1,800 |
16,493 |
| # 33 |
OUTFRONT Media Inc. |
1,772 |
5,990 |
| # 34 |
Kimco Realty Corporation (HC) |
1,728 |
17,826 |
| # 35 |
Howard Hughes Corporation (The) |
1,608 |
9,603 |
| # 36 |
Essex Property Trust Inc. |
1,607 |
12,373 |
| # 37 |
STARWOOD REAL ESTATE INCOME TRUST, INC. |
1,579 |
26,765 |
| # 38 |
Medical Properties Trust Inc. |
1,543 |
19,658 |
| # 39 |
UDR, Inc. |
1,517 |
11,038 |
| # 40 |
American Homes 4 Rent |
1,491 |
12,175 |
| # 41 |
W. P. Carey Inc. |
1,479 |
18,102 |
| # 42 |
STARWOOD PROPERTY TRUST, INC. |
1,465 |
79,043 |
| # 43 |
Equity Lifestyle Properties Inc. |
1,447 |
5,493 |
| # 44 |
Camden Property Trust |
1,423 |
9,328 |
| # 45 |
American Healthcare REIT, Inc. |
1,412 |
4,787 |
| # 46 |
Pebblebrook Hotel Trust |
1,392 |
6,134 |
| # 47 |
PotlatchDeltic Corporation |
1,331 |
3,551 |
| # 48 |
Gaming & Leisure Properties, Inc. |
1,312 |
10,930 |
| # 49 |
Diversified Healthcare Trust |
1,284 |
6,002 |
| # 50 |
Ashford Hospitality Trust Inc |
1,241 |
3,917 |
| # 51 |
Apple Hospitality REIT, Inc. |
1,238 |
4,773 |
| # 52 |
Dolby Laboratories, Inc. |
1,237 |
2,749 |
| # 53 |
Regency Centers Corporation |
1,224 |
10,860 |
| # 54 |
Brixmor Property Group Inc. |
1,218 |
8,436 |
| # 55 |
RLJ Lodging Trust |
1,194 |
4,978 |
| # 56 |
Arbor Realty Trust |
1,158 |
17,039 |
| # 57 |
SSR Mining Inc. |
1,148 |
5,255 |
| # 58 |
Uniti Group Inc. |
1,129 |
4,851 |
| # 59 |
Kilroy Realty Corporation |
1,097 |
10,797 |
| # 60 |
Federal Realty Investment Trust |
1,074 |
8,234 |
| # 61 |
PennyMac Mortgage Investment Trust |
1,062 |
13,922 |
| # 62 |
Digital Turbine, Inc. |
1,055 |
1,353 |
| # 63 |
Life Storage, Inc. |
1,038 |
7,388 |
| # 64 |
CubeSmart |
1,010 |
6,326 |
| # 65 |
DiamondRock Hospitality Co |
1,002 |
3,208 |
| # 66 |
Douglas Emmett Inc |
994 |
9,747 |
| # 67 |
Healthcare Realty Trust Inc |
933 |
13,850 |
| # 68 |
STORE CAPITAL LLC |
910 |
10,835 |
| # 69 |
Rayonier Inc. |
909 |
3,789 |
| # 70 |
Omega Healthcare Investors Inc. |
878 |
9,405 |
| # 71 |
Macerich Company (The) |
859 |
8,094 |
| # 72 |
Highwoods Properties Inc. |
829 |
6,063 |
| # 73 |
SL Green Realty Corp |
827 |
12,356 |
| # 74 |
Kite Realty Group Trust |
802 |
7,342 |
| # 75 |
National Storage Affiliates Trust |
802 |
6,070 |
| # 76 |
Apartment Income REIT Corp. |
774 |
6,552 |
| # 77 |
NNN REIT Inc. |
773 |
8,146 |
| # 78 |
Cousins Properties Incorporated |
762 |
7,537 |
| # 79 |
Paramount Group, Inc. |
740 |
8,453 |
| # 80 |
COPT Defense Properties |
739 |
4,257 |
| # 81 |
Empire State Realty Trust, Inc. |
727 |
4,164 |
| # 82 |
Empire State Realty OP, L.P. |
727 |
4,164 |
| # 83 |
Summit Hotel Properties, Inc. |
676 |
3,022 |
| # 84 |
Braemar Hotels & Resorts Inc. |
670 |
2,398 |
| # 85 |
Texas Pacific Land Corp |
667 |
877 |
| # 86 |
Redwood Trust Inc. |
658 |
13,031 |
| # 87 |
EPR Properties |
658 |
5,759 |
| # 88 |
STAG Industrial, Inc. |
657 |
6,185 |
| # 89 |
Rexford Industrial Realty, Inc. |
631 |
9,259 |
| # 90 |
Independence Realty Trust Inc. |
629 |
6,532 |
| # 91 |
Sabra Health Care REIT, Inc. |
625 |
5,748 |
| # 92 |
JBG SMITH Properties |
606 |
5,903 |
| # 93 |
Royal Gold Inc. |
603 |
3,535 |
| # 94 |
Phillips Edison & Company, Inc. |
575 |
4,735 |
| # 95 |
CBL & Associates Properties Inc. |
563 |
2,678 |
| # 96 |
SITE Centers Corp. |
552 |
4,045 |
| # 97 |
First Industrial Realty Trust Inc. |
540 |
4,954 |
| # 98 |
Physicians Realty Trust |
527 |
5,097 |
| # 99 |
Brandywine Realty Trust |
506 |
3,875 |
| # 100 |
EastGroup Properties Inc. |
487 |
4,036 |