| Rank |
Company |
Revenue
($ millions) |
Assets |
| # 1 |
American Tower Corporation (REIT) |
11,144 |
66,028 |
| # 2 |
Blackstone Real Estate Income Trust, Inc. |
8,934 |
130,798 |
| # 3 |
Equinix Inc. |
8,188 |
32,651 |
| # 4 |
Prologis, Inc. |
8,023 |
93,021 |
| # 5 |
Weyerhaeuser Company |
7,674 |
16,983 |
| # 6 |
Crown Castle Inc. |
6,981 |
38,527 |
| # 7 |
Welltower Inc. |
6,638 |
44,012 |
| # 8 |
Simon Property Group Inc. |
5,659 |
34,283 |
| # 9 |
Iron Mountain Incorporated (Delaware) |
5,480 |
17,474 |
| # 10 |
Digital Realty Trust Inc. |
5,477 |
44,113 |
| # 11 |
Host Hotels & Resorts Inc. |
5,311 |
12,243 |
| # 12 |
Public Storage |
4,518 |
19,809 |
| # 13 |
Ventas, Inc. |
4,498 |
24,725 |
| # 14 |
Realty Income Corporation |
4,079 |
57,779 |
| # 15 |
Rithm Capital Corp. |
3,798 |
35,312 |
| # 16 |
VICI Properties Inc. |
3,612 |
44,060 |
| # 17 |
BXP, Inc. |
3,274 |
26,026 |
| # 18 |
Sun Communities Inc. |
3,225 |
16,941 |
| # 19 |
Alexandria Real Estate Equities Inc. |
2,886 |
36,771 |
| # 20 |
Equity Residential |
2,874 |
20,035 |
| # 21 |
AvalonBay Communities Inc. |
2,768 |
20,678 |
| # 22 |
SBA Communications Corporation |
2,712 |
10,178 |
| # 23 |
Americold Realty Trust Inc. |
2,673 |
7,869 |
| # 24 |
Extra Space Storage Inc. |
2,560 |
27,456 |
| # 25 |
Healthpeak Properties Inc. |
2,181 |
15,699 |
| # 26 |
Ryman Hospitality Properties, Inc. |
2,158 |
5,189 |
| # 27 |
Mid-America Apartment Communities Inc. |
2,148 |
11,485 |
| # 28 |
Lamar Advertising Company |
2,111 |
6,564 |
| # 29 |
STARWOOD PROPERTY TRUST, INC. |
2,050 |
69,504 |
| # 30 |
CoreCivic, Inc. |
1,897 |
3,105 |
| # 31 |
Service Properties Trust |
1,874 |
7,356 |
| # 32 |
OUTFRONT Media Inc. |
1,821 |
5,583 |
| # 33 |
Vornado Realty Trust |
1,811 |
16,188 |
| # 34 |
Kimco Realty Corporation (HC) |
1,783 |
18,274 |
| # 35 |
Starwood Real Estate Income Trust, Inc. |
1,754 |
23,114 |
| # 36 |
W. P. Carey Inc. |
1,741 |
17,977 |
| # 37 |
Essex Property Trust Inc. |
1,669 |
12,361 |
| # 38 |
American Healthcare REIT, Inc. |
1,669 |
4,578 |
| # 39 |
UDR, Inc. |
1,628 |
11,373 |
| # 40 |
American Homes 4 Rent |
1,624 |
12,688 |
| # 41 |
Arbor Realty Trust |
1,603 |
15,739 |
| # 42 |
Camden Property Trust |
1,542 |
9,384 |
| # 43 |
Equity Lifestyle Properties Inc. |
1,489 |
5,614 |
| # 44 |
Gaming & Leisure Properties, Inc. |
1,440 |
11,807 |
| # 45 |
SSR Mining Inc. |
1,427 |
5,386 |
| # 46 |
Pebblebrook Hotel Trust |
1,420 |
5,825 |
| # 47 |
Diversified Healthcare Trust |
1,410 |
5,446 |
| # 48 |
Ashford Hospitality Trust Inc |
1,368 |
3,462 |
| # 49 |
PennyMac Mortgage Investment Trust |
1,357 |
13,114 |
| # 50 |
Apple Hospitality REIT, Inc. |
1,344 |
4,937 |
| # 51 |
Healthcare Realty Trust Inc |
1,344 |
12,637 |
| # 52 |
RLJ Lodging Trust |
1,326 |
4,919 |
| # 53 |
Regency Centers Corporation |
1,322 |
12,427 |
| # 54 |
Dolby Laboratories, Inc. |
1,280 |
2,936 |
| # 55 |
Brixmor Property Group Inc. |
1,245 |
8,333 |
| # 56 |
Uniti Group Inc. |
1,150 |
5,025 |
| # 57 |
Federal Realty Investment Trust |
1,132 |
8,437 |
| # 58 |
Kilroy Realty Corporation |
1,130 |
11,401 |
| # 59 |
DiamondRock Hospitality Co |
1,075 |
3,239 |
| # 60 |
Rayonier Inc. |
1,057 |
3,648 |
| # 61 |
CubeSmart |
1,050 |
6,225 |
| # 62 |
Howard Hughes Corporation (The) |
1,024 |
9,576 |
| # 63 |
Howard Hughes Holdings Inc. |
1,024 |
9,577 |
| # 64 |
PotlatchDeltic Corporation |
1,024 |
3,431 |
| # 65 |
Douglas Emmett Inc |
1,020 |
9,644 |
| # 66 |
STORE CAPITAL LLC |
952 |
14,748 |
| # 67 |
Omega Healthcare Investors Inc. |
950 |
9,117 |
| # 68 |
SL Green Realty Corp |
914 |
9,531 |
| # 69 |
Macerich Company (The) |
884 |
7,514 |
| # 70 |
Medical Properties Trust Inc. |
872 |
18,305 |
| # 71 |
National Storage Affiliates Trust |
858 |
5,932 |
| # 72 |
Annaly Capital Management Inc. |
841 |
93,227 |
| # 73 |
Highwoods Properties Inc. |
834 |
6,003 |
| # 74 |
NNN REIT Inc. |
828 |
8,662 |
| # 75 |
Kite Realty Group Trust |
823 |
6,944 |
| # 76 |
Apartment Income REIT Corp. |
820 |
6,135 |
| # 77 |
Cousins Properties Incorporated |
803 |
7,634 |
| # 78 |
Rexford Industrial Realty, Inc. |
798 |
10,930 |
| # 79 |
FS Credit Real Estate Income Trust, Inc. |
777 |
9,467 |
| # 80 |
Two Harbors Investment Corp |
754 |
13,139 |
| # 81 |
Paramount Group, Inc. |
743 |
8,006 |
| # 82 |
Empire State Realty Trust, Inc. |
740 |
4,219 |
| # 83 |
Empire State Realty OP, L.P. |
740 |
4,219 |
| # 84 |
Braemar Hotels & Resorts Inc. |
739 |
2,227 |
| # 85 |
Summit Hotel Properties, Inc. |
736 |
2,939 |
| # 86 |
STAG Industrial, Inc. |
708 |
6,283 |
| # 87 |
EPR Properties |
706 |
5,701 |
| # 88 |
COPT Defense Properties |
685 |
4,247 |
| # 89 |
Redwood Trust Inc. |
669 |
14,504 |
| # 90 |
Independence Realty Trust Inc. |
661 |
6,280 |
| # 91 |
Sabra Health Care REIT, Inc. |
648 |
5,386 |
| # 92 |
KKR Real Estate Finance Trust Inc. |
640 |
7,548 |
| # 93 |
Texas Pacific Land Corp |
632 |
1,156 |
| # 94 |
First Industrial Realty Trust Inc. |
614 |
5,176 |
| # 95 |
Phillips Edison & Company, Inc. |
610 |
4,866 |
| # 96 |
Royal Gold Inc. |
606 |
3,361 |
| # 97 |
JBG SMITH Properties |
604 |
5,519 |
| # 98 |
EastGroup Properties Inc. |
571 |
4,519 |
| # 99 |
CIM REAL ESTATE FINANCE TRUST, INC. |
569 |
6,446 |
| # 100 |
MFA Financial Inc. |
557 |
10,773 |