WELL
Welltower
$167.90Bn
232.96
-0.03%
+32.21%
Welltower is a REIT that owns and operates senior housing, wellness housing, and post-acute care communities. Its revenue is derived from leasing these properties to healthcare operators and tenants, including RIDEA arrangements and triple-net leases for medical facilities.
PLD
Prologis
$123.74Bn
132.62
+0.16%
+16.09%
Prologis is a REIT that owns and operates high-quality logistics facilities, warehouses, and distribution centers. Its primary revenue is generated from rental income collected from tenants like Amazon, FedEx, and UPS who lease this logistics space.
BN
2nd
Brookfield
$82.01Bn
36.49
+0.58%
-20.83%
Through the Brookfield Property Group, the company owns, operates, and develops a diverse portfolio of real estate assets, including North American residential properties, outside of a pure REIT structure.
AMT
American Tower
$78.00Bn
167.40
-0.43%
-13.96%
American Tower is a REIT that owns and operates over 149,000 communications sites, leasing space to wireless service providers, broadcast companies, and government agencies. This activity accounted for 97% of its total revenues in 2025.
SPG
Simon Property
$66.68Bn
204.31
-0.12%
+9.93%
Simon Property Group is a REIT that primarily owns and operates retail properties, including 92 malls, 70 Premium Outlets, and 14 Mills. Its primary revenue is generated from lease income received from retail, dining, and entertainment tenants.
DLR
Digital Realty Trust
$65.33Bn
176.56
-0.34%
+3.79%
Digital Realty Trust is a real estate investment trust (REIT) that owns, develops, and operates data center properties worldwide. Its primary revenue is generated by leasing data center space and providing related infrastructure like power and cooling.
O
Realty Income
$52.20Bn
55.17
-0.33%
-8.89%
Realty Income is a REIT that specifically focuses on acquiring and managing freestanding commercial properties under long-term net lease agreements. Its revenue model is based on contractual rent from a diversified group of single tenants across various property types, which is the defining characteristic of R-06.
PSA
Public Storage
$50.15Bn
285.55
+0.25%
-1.03%
Public Storage is a REIT that primarily owns and operates self-storage facilities, generating the majority of its revenue from leasing storage spaces to personal and business customers on a month-to-month basis.
VTR
Ventas
$44.59Bn
86.92
-0.14%
+25.61%
Ventas is a REIT that owns and invests in senior housing communities, outpatient medical buildings, hospitals, and skilled nursing facilities. Its revenue is derived from leasing these properties to healthcare operators and health systems, such as Brookdale Senior Living and Kindred Healthcare.
XEL
2nd
Xcel Energy
$44.14Bn
70.69
+1.87%
-11.69%
The company operates nonregulated subsidiaries, such as Eloigne Capital Services, that contribute income through real estate development activities.
RKT
2nd
Rocket Companies
$43.90Bn
11.69
+0.52%
-41.96%
The company owns Redfin, a digital real estate brokerage that provides residential real estate services to home buyers and sellers.
IX
2nd
Orix
$42.96Bn
38.22
-2.03%
+44.01%
The 'Real Estate' segment explicitly includes real estate development and residential condominium development, where the company invests in and develops projects on its own balance sheet.
CBRE
Cbre
$37.92Bn
130.84
+0.36%
-17.69%
CBRE is the world's largest commercial real estate services firm, generating revenue primarily through fees for leasing commissions, capital markets advisory, and property and facilities management. Its Advisory Services and Building Operations & Experience segments provide fee-based brokerage, valuation, and management services for third-party owners and occupiers.
BEKE
KE Holdings
$37.35Bn
16.61
-1.95%
-17.81%
The company operates Lianjia, China's largest residential brokerage network, and the Beike platform, which facilitates millions of residential housing transactions. Its primary revenue streams are commissions from existing home transaction services and sales commissions from real estate developers for new home sales.
CCI
Crown Castle
$28.57Bn
67.06
-0.04%
-30.28%
Crown Castle owns and operates over 40,000 communications towers and 105,000 small cell nodes leased to wireless carriers. Its primary revenue source is site rental income from tenants like T-Mobile, AT&T, and Verizon Wireless.
EXR
Extra Space Storage
$28.21Bn
133.51
+1.41%
-5.61%
Extra Space Storage is a REIT that primarily owns and operates self-storage facilities, generating the majority of its revenue from monthly rents charged to personal and business tenants.
FOXA
2nd
Fox
$26.93Bn
62.48
-0.92%
-0.64%
The company operates the FOX Studio Lot, which specifically generates revenue by leasing office space to external clients.
VICI
Vici Properties
$25.53Bn
23.19
+0.00%
-28.78%
VICI Properties is a REIT that owns casino, gaming, and experiential leisure real estate, such as Caesars Palace and MGM Grand, which it leases back to operators under long-term triple-net leases. Its primary revenue is derived from rental income from these gaming and hospitality assets.
LVS
2nd
Las Vegas Sands
$24.82Bn
38.31
-1.24%
-30.66%
The company owns and operates large-scale retail malls within its resorts, such as the Shoppes at Venetian and the Shoppes at Marina Bay Sands, and generates revenue from retail mall leases.
VMRK
Vivmark Residential
$23.00Bn
61.34
-0.05%
-4.34%
Equity Residential is a real estate investment trust (REIT) that owns and operates high-quality apartment communities. Its primary revenue is generated by leasing apartment units to residents and collecting monthly rent.
TPL
Texas Pacific Land
$22.67Bn
328.63
-2.76%
+7.09%
Texas Pacific Land is a non-REIT corporation that owns and operates approximately 882,000 surface acres of income-producing real estate. It generates revenue from land sales, commercial leases for processing and storage facilities, and easements for pipelines and power lines.
SBAC
Sba Communications
$17.27Bn
162.81
-0.38%
-16.98%
SBA Communications is a REIT that owns and operates wireless communications infrastructure, including 46,328 towers and rooftops. Its primary revenue is generated from leasing antenna space to wireless carriers like T-Mobile, AT&T, and Verizon.
OVV
2nd
Ovintiv
$16.27Bn
58.83
-1.18%
+44.76%
Ovintiv earns sublease income, specifically $55 million from office space in The Bow building, indicating it owns and operates income-producing real estate outside of a REIT structure.
INVH
Invitation Homes
$15.69Bn
26.57
+0.08%
-8.51%
Invitation Homes is a leading owner and operator of single-family homes for lease, generating its primary revenue from rental income collected under lease agreements for its owned and jointly owned residential properties.
WPC
W. P. Carey
$15.04Bn
66.01
+0.27%
-3.04%
W. P. Carey is a diversified REIT whose primary model is the ownership of single-tenant net leased properties across various types, including industrial, warehouse, and retail. The profile explicitly identifies it as a leading owner of net leased commercial real estate and compares it to other net lease REITs like Realty Income.
KIM
Kimco Realty
$15.03Bn
22.42
-0.36%
+3.46%
Kimco Realty is a REIT that owns and operates open-air grocery-anchored shopping centers and mixed-use properties. Its primary revenue is generated from leasing retail space to anchor tenants such as grocery stores, home improvement centers, and off-price retailers.
HST
Host Hotels & Resorts
$14.81Bn
22.44
-0.97%
+28.74%
Host Hotels & Resorts is explicitly described as a lodging real estate investment trust (REIT) that owns and operates a portfolio of 76 luxury and upper-upscale hotels. Its revenue is primarily generated from hotel operations, including room sales and food and beverage sales.
BPYPP
Brookfield Property Partners
$14.52Bn
15.15
-0.66%
-2.13%
The company operates a massive Office segment managing 67 million leasable square feet across 110 assets in global markets like New York and London, generating revenue from leasing these spaces to corporate and professional services firms.
JLL
Jones Lang Lasalle
$14.31Bn
311.03
-0.96%
+3.55%
JLL provides a comprehensive suite of commercial real estate services, including property and facility management, leasing advisory, and capital markets services. The company earns revenue through fee-based contracts and transaction-driven commissions from corporate and institutional clients.
OHI
Omega Healthcare Investors
$13.92Bn
46.54
-0.28%
+12.01%
Omega Healthcare Investors is a REIT that owns and operates a portfolio of skilled nursing, assisted living, and independent living facilities. Its primary revenue is generated from triple net lease agreements with third-party healthcare operating companies.
DOC
Healthpeak Properties
$13.87Bn
20.12
+0.15%
+5.84%
Healthpeak Properties is a REIT that owns and operates healthcare-focused real estate, including outpatient medical buildings leased to physicians and hospital systems, and senior housing communities operated under RIDEA structures. Its primary revenue is derived from leasing these facilities to healthcare providers and operators.
MAA
Mid America Apartment Communities
$13.74Bn
118.44
+0.20%
-14.55%
The company is a REIT that owns and operates multifamily apartment communities, including garden style, mid-rise, and high-rise units. Its primary revenue is generated through the rental of these residential units to individuals and families.
SUI
Sun Communities
$13.71Bn
111.90
-0.36%
-13.33%
Sun Communities is a REIT that owns and operates manufactured housing communities and RV sites, generating primary revenue from site lease income. Its MH communities segment specifically provides developed sites for manufactured homes for long-term residential living.
TLK
2nd
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk
$13.08Bn
13.20
-0.23%
-30.08%
The company manages a large portfolio of telecommunications towers and generates revenue by providing tower leases to other carriers.
LAMR
Lamar Advertising
$12.72Bn
145.96
+0.64%
+20.71%
Lamar Advertising owns and leases outdoor advertising structures, including approximately 159,300 billboard displays and 144,400 logo signs. Its revenue is derived from leasing this outdoor display inventory to advertisers.
ELS
Equity Lifestyle Properties
$11.39Bn
58.73
-0.61%
-1.31%
The company is a REIT that owns and operates manufactured-housing communities and recreational vehicle sites, generating revenue primarily from leasing these residential sites to residents and visitors. This aligns directly with the description of Residential REITs, which specifically includes manufactured-housing communities.
GLPI
Gaming & Leisure Properties
$11.13Bn
38.27
-0.93%
-18.35%
The company is a REIT that owns casino and gaming real estate, such as the Hard Rock Casino and Silverado Franklin Hotel & Gaming Complex, and leases them back to operators like PENN Entertainment and Caesars Entertainment under long-term triple-net leases.
AMH
American Homes 4 Rent
$11.02Bn
30.68
+0.39%
-5.51%
The company is a REIT that owns and operates a portfolio of over 60,000 single-family homes for rent. Its primary revenue is generated from monthly rent collected from individual households occupying these residential properties.
UDR
Udr
$10.90Bn
33.94
+0.33%
-8.12%
UDR is a real estate investment trust (REIT) that owns and operates multifamily apartment communities. Its primary source of revenue is monthly rental income from leasing apartment homes to individual residents and families.
EGP
Eastgroup Properties
$10.90Bn
202.70
+0.13%
+19.69%
EastGroup Properties is an equity REIT that owns and operates a portfolio of industrial properties, including business distribution and bulk distribution facilities. Its revenue is primarily generated through leasing these warehouses and logistics centers to tenants such as e-commerce retailers and third-party distribution firms.
ESS
Essex Property Trust
$10.42Bn
273.99
+0.35%
+2.92%
Essex Property Trust is a REIT that owns and manages apartment home communities, generating its primary revenue from rental income from individual renters. The profile explicitly mentions a portfolio of over 62,000 apartment homes in West Coast markets.
ENSG
2nd
Ensign
$10.23Bn
175.53
-0.47%
+2.32%
Through its Standard Bearer segment, the company operates a captive REIT that owns 152 real estate properties, including skilled nursing and senior living facilities, which are leased to operators under triple-net lease arrangements.
AHR
American Healthcare REIT
$10.14Bn
52.08
+0.35%
+24.62%
The company is a REIT that owns and operates a portfolio of clinical healthcare real estate, including senior housing, skilled nursing facilities, and outpatient medical buildings. Its revenue is derived from leasing these properties to healthcare providers and operators, as well as RIDEA operating income from care facilities.
CPT
Camden Property Trust
$9.90Bn
98.48
+0.09%
-7.57%
Camden Property Trust is a REIT that owns and operates multifamily apartment communities, generating its primary revenue from rental income derived from leasing apartment homes to residents.
BXP
Bxp
$9.69Bn
61.72
-1.17%
-18.11%
BXP is explicitly described as one of the largest publicly traded office real estate investment trusts, with its core business being the development, ownership, and management of premier office buildings in gateway markets. The company generates the majority of its rental revenue and net operating income from leasing these workplaces to creditworthy clients.
FRT
Federal Realty Investment Trust
$9.50Bn
109.39
-0.38%
+9.48%
Federal Realty Investment Trust is a REIT that owns and operates a portfolio of predominantly retail real estate projects, including community and neighborhood shopping centers. Its revenue is primarily derived from rental income from national, regional, and local retailers, grocery stores, and restaurants.
LTH
2nd
Life Time Group Holdings
$8.95Bn
40.09
+1.29%
+42.97%
The company operates 'Life Time Living,' which consists of luxury wellness-oriented residences located near its athletic country clubs, representing a non-REIT real estate operation.
CTRE
CareTrust REIT
$8.78Bn
37.20
-0.56%
+8.39%
CareTrust REIT owns and leases skilled nursing facilities and senior housing communities to healthcare operators. Its revenue is primarily derived from triple-net leases and RIDEA operating income from these healthcare-dedicated properties.
CUBE
CubeSmart
$8.54Bn
37.88
+1.31%
-6.70%
CubeSmart is a REIT that owns and operates 662 self-storage properties, generating its primary revenue from leasing storage units to residential and commercial customers. The profile explicitly states it is a real estate investment trust focused on the ownership and operation of self-storage properties.
ARE
Alexandria Real Estate Equities
$8.45Bn
48.47
-0.39%
-42.58%
The company is a REIT that specializes in Class A/A+ laboratory and research facilities for the life science sector. According to the taxonomy, life-science and laboratory space belongs in R-02 as it is considered specialized office let to research tenants.
ADC
Agree Realty
$8.42Bn
67.67
+0.52%
-4.06%
Agree Realty is a REIT whose primary revenue model is based on net lease agreements where tenants are responsible for property taxes, insurance, and maintenance. While it focuses on retail, the profile explicitly defines its model as 'net leased to industry leading tenants' and emphasizes the net lease structure across its portfolio.
REXR
Rexford Industrial Realty
$8.34Bn
37.40
+0.54%
-9.97%
Rexford Industrial Realty is a REIT that owns and operates a portfolio of 419 industrial properties, including warehouses and distribution centers, totaling 51.2 million rentable square feet. Its primary revenue is generated through rental income from leasing this industrial space to manufacturers, distributors, and e-commerce fulfillment centers.
LINE
Lineage
$8.00Bn
35.07
-1.02%
-10.10%
Lineage is a REIT that owns and operates a global network of 501 temperature-controlled warehouses, which are specifically listed as cold storage in the R-04 description. The company generates the majority of its revenue from storage fees paid by customers for using this industrial warehouse space.
NNN
Nnn Reit
$7.93Bn
41.33
-0.19%
-1.90%
The company is a REIT whose primary business model is acquiring and owning properties leased to single tenants under long-term triple net leases. Its revenue is generated principally from lease payments where tenants cover utilities, taxes, insurance, and maintenance, and its portfolio spans diverse sectors including retail, service, and industrial.
RHP
Ryman Hospitality Properties
$7.70Bn
122.03
-0.05%
+31.77%
Ryman is a REIT that owns and operates upscale meeting-focused resorts, including Gaylord Hotels and JW Marriott properties. Its primary revenue is generated from hotel room rentals, food and beverage sales, and meeting and event space rentals.
ACM
2nd
Aecom
$7.58Bn
58.86
-0.94%
-54.68%
Through its AECOM Capital (ACAP) segment, the company invests in and develops real estate projects, earning income from real estate development sales and management fees.
WULF
2nd
Terawulf
$7.53Bn
15.09
-0.20%
+30.09%
TeraWulf acts as a vertically integrated owner and developer of data center real estate, competing directly with data center REITs and providing long-term leases for its physical infrastructure.
FR
First Industrial Realty Trust
$7.33Bn
61.15
-0.18%
+18.67%
The company is a REIT that focuses exclusively on the industrial sector, owning 420 industrial properties totaling 70.9 million square feet. Its revenue is primarily generated from leasing warehouse and logistics space to tenants in the distribution, manufacturing, and e-commerce sectors.
TRNO
Terreno Realty
$7.14Bn
66.25
-0.53%
+17.26%
Terreno Realty is a REIT that owns and operates industrial real estate, specifically focusing on warehouse/distribution, flex, and transshipment facilities. Its revenue is primarily generated from base rent collected from industrial tenants such as third-party logistics providers and e-commerce fulfillment centers.
STAG
STAG Industrial
$7.11Bn
36.87
-0.35%
+5.55%
STAG Industrial is a REIT that focuses on the acquisition, ownership, and operation of industrial properties, including warehouses and distribution centers. Its revenue is primarily generated through leasing these industrial properties to tenants across various industries.
BRX
Brixmor Property
$6.83Bn
27.86
-0.54%
+1.53%
Brixmor Property Group is a REIT that owns and operates a large portfolio of open-air retail properties, specifically grocery-anchored community and neighborhood shopping centers. Its revenue is primarily generated from rental income and expense reimbursements paid by retail tenants such as The TJX Companies, Inc. and The Kroger Co.
COMP
Compass
$6.79Bn
9.01
-0.99%
+9.61%
Compass operates a massive residential brokerage business through owned offices and franchise networks including brands like Coldwell Banker and Sotheby's International Realty. Its primary revenue is derived from shares of gross sales commissions earned by independent contractor agents and royalties from franchisees.
ASR
2nd
Southeast Airport
$6.69Bn
241.32
-1.11%
-25.80%
The company generates significant non-aeronautical revenue by leasing commercial space to retailers, restaurants, and duty-free shops like Dufry México.
DXF
Eason Technology
$6.61Bn
0.49
+0.00%
-86.93%
The company owns and operates income-producing commercial and industrial properties, such as the property leased to Hubei Zongyang Hospital Co., Ltd. It generates revenue from rental income and profit-sharing arrangements outside of a REIT structure.
MAC
Macerich
$6.51Bn
22.90
+1.46%
+29.97%
Macerich is a self-administered REIT that owns and operates a portfolio of 37 regional retail centers and one community power shopping center. Its primary revenue is generated from leasing retail space to tenants such as Macy's, Target, and Walmart.
GDS
2nd
GDS Holdings
$6.46Bn
31.28
-1.20%
-21.74%
The company acts as a data center REIT-like operator, owning and operating physical data center facilities and generating recurring revenue from the leasing of these specialized real estate assets.
VNO
Vornado Realty Trust
$6.41Bn
33.89
-0.62%
-16.09%
Vornado is a REIT whose primary assets are office properties, including 18,615,000 square feet in New York and major assets like The Mart in Chicago and 555 California Street in San Francisco. The majority of its portfolio square footage is dedicated to office space leased to corporate users in finance, technology, and legal services.
LB
LandBridge
$6.19Bn
80.49
-0.07%
+52.27%
LandBridge is a holding company that owns and operates over 315,000 surface acres of income-producing real estate in the Delaware Basin. It generates revenue through surface use agreements (SUAs), easements, and rights-of-way, but it is not structured as a REIT.
HR
Healthcare Realty Trust
$6.15Bn
17.94
-0.22%
+1.07%
Healthcare Realty Trust is a REIT that primarily owns and leases medical office and outpatient facilities to healthcare tenants, such as physician groups and surgery centers. Its revenue is generated from rental income collected from these healthcare-dedicated properties.
SWDR
Starwood Real Estate Income Trust
$5.98Bn
15.25
—
—
The company is a diversified REIT that owns a broad mix of multifamily, industrial, office, and specialized assets. Because it does not concentrate primarily in one specific property type but rather operates across several, it fits the Specialty REIT category as a diversified platform.
FSV
2nd
FirstService
$5.91Bn
129.20
+0.14%
-31.86%
The company operates as North America's largest manager of private residential communities, providing full-service property management to condominiums, cooperatives, and homeowner associations. This involves fee-based property management and administrative services for third-party owners.
EPRT
Essential Properties Realty Trust
$5.68Bn
26.26
-0.64%
-11.34%
The company is a REIT that primarily acquires and owns single-tenant properties leased on a long-term net lease basis to a diversified set of middle-market tenants. Its revenue is derived from contractual base rent across various unrelated property types, including car washes, early childhood education, and quick service restaurants.
RYN
Rayonier
$5.55Bn
18.58
-1.22%
-29.49%
Rayonier is explicitly described as a timberland REIT that owns and manages approximately 2.0 million acres of timberlands. Its primary revenue is generated from the harvest and sale of timber from its Southern Timber and Pacific Northwest Timber segments.
STWD
2nd
Starwood Property Trust
$5.33Bn
14.37
+0.35%
-27.83%
The Property Segment acquires and manages a portfolio of diversified single-tenant triple net lease properties and net lease assets, deriving rental income from these specific lease structures.
RITM
2nd
Rithm Capital
$5.09Bn
9.12
+0.33%
-20.83%
The company's investment portfolio includes single-family rental properties, and it earns revenue from tenants occupying these residential properties.
SBRA
Sabra Health Care REIT
$5.05Bn
19.78
-0.20%
+6.46%
Sabra Health Care REIT owns and leases healthcare properties, including skilled nursing facilities, behavioral health centers, and hospitals, to third-party healthcare operators. Its revenue is primarily derived from triple-net lease payments and management fees from these care-delivery facilities.
MTN
2nd
Vail Resorts
$5.03Bn
141.26
+2.26%
-4.59%
The company has a dedicated Real Estate segment that acquires, develops, and sells land parcels in and around resort communities to third-party developers.
KRG
Kite Realty Group Trust
$4.95Bn
24.72
-0.32%
+12.21%
Kite Realty Group Trust is a REIT that owns and operates open-air, grocery-anchored shopping centers and mixed-use assets. Its primary revenue is generated through contractual rents from retail tenants such as Kroger, Publix, and TJX Companies.
OUT
OUTFRONT Media
$4.93Bn
27.98
+0.21%
+53.15%
OUTFRONT Media is a REIT that owns and leases outdoor advertising structures, specifically billboard structures along highways and transit advertising displays. Its primary revenue is generated by leasing this advertising space to advertisers.
PECO
Phillips Edison & Company
$4.85Bn
37.65
+0.16%
+10.02%
Phillips Edison & Company is a REIT that owns and operates grocery-anchored shopping centers, generating its primary revenue from base rent paid by retail tenants. Its portfolio consists of 297 neighborhood centers totaling approximately 36.7 million square feet.
OMAB
2nd
Central North Airport
$4.77Bn
98.82
-2.99%
-4.14%
The company owns and operates the OMA VYNMSA Industrial Park, which generates revenue by leasing warehouse and logistics space to third-party tenants.
CIGI
Colliers International
$4.60Bn
90.04
+0.14%
-42.71%
Colliers provides a comprehensive suite of commercial real estate professional services, including leasing, capital markets advisory, and outsourcing for corporate and institutional clients. These activities are the core of its Real Estate Services segment and are performed as fee-based work for third-party owners.
CUZ
Cousins Properties
$4.54Bn
27.61
-1.64%
-2.30%
Cousins Properties is a REIT that primarily owns, leases, and manages Class A office properties and lifestyle office buildings. Its revenue is generated through the leasing of office space, including base rent and expense recoveries from corporate tenants.
EPR
Epr Properties
$4.38Bn
57.19
+0.35%
-0.44%
EPR Properties is a REIT focused on experiential real estate, owning casino, gaming, and experiential leisure properties such as theatres, ski resorts, and eat & play venues. It leases these properties back to operators like AMC, Regal, and Topgolf under long-term triple-net leases.
FHI
2nd
Federated Hermes
$4.31Bn
57.49
-0.14%
+10.73%
The company operates a dedicated segment for real estate development and renewable energy project development services, providing project structuring, financing, and execution for domestic and international customers.
IBOC
2nd
International Bancshares
$4.29Bn
68.94
-0.85%
-0.01%
The company has a Real Estate Development segment that owns a majority interest in a partnership undertaking residential and commercial property projects for resale or lease.
COLD
Americold Realty Trust
$4.15Bn
14.55
-0.14%
+16.49%
Americold is a self-administered REIT that owns and operates a global network of 231 temperature-controlled warehouses. Its primary revenue is generated through the Warehouse segment by collecting rent and storage fees for frozen and perishable food products.
GEO
2nd
Geo
$4.10Bn
30.96
+2.45%
+47.57%
The company owns and leases specialized real estate in the form of secure facilities, processing centers, and reentry facilities, which are niche property types without a dedicated REIT industry.
MRP
Millrose Properties
$4.09Bn
26.51
+0.61%
-21.71%
Millrose purchases residential land and develops it into finished homesites for sale to homebuilders. Its core business is the acquisition and development of land, which is the defining activity of Real Estate Development.
SKT
Tanger
$4.01Bn
34.87
+0.29%
+4.75%
Tanger is a REIT that owns and operates a portfolio of 31 outlet centers and 3 open air lifestyle centers. Its primary revenue is generated from leasing space to over 2,600 stores, collecting fixed base rents and variable percentage rents.
KRC
Kilroy Realty
$3.94Bn
33.86
-0.21%
-20.48%
Kilroy Realty is a REIT that primarily owns and operates premier office and life science properties. Its revenue is derived from leasing these assets to technology, media, and business services companies.
TDS
2nd
Telephone & Data Systems
$3.93Bn
34.15
-1.73%
-11.64%
Through its Array segment, the company owns 4,450 towers and leases space on these structures to wireless carriers such as T-Mobile, AT&T, and Verizon.
CDP
Copt Defense Properties
$3.89Bn
34.29
+1.54%
+17.51%
The company is a REIT that primarily generates revenue from leasing office buildings to United States Government agencies and defense contractors. Its portfolio consists of office properties in the Defense/IT Portfolio segment and a smaller group of office properties in the Greater Washington DC Baltimore region.
APLE
Apple Hospitality REIT
$3.84Bn
16.28
-0.43%
+35.55%
Apple Hospitality REIT is a real estate investment trust that owns 217 hotels comprising 29,583 guest rooms. Its revenue is generated from the rental of hotel rooms to guests and associated ancillary services like food, beverage, and parking.
BATRA
2nd
Atlanta Braves Holdings
$3.81Bn
59.41
-0.34%
+30.11%
The company owns and operates The Battery Atlanta, a mixed-use district, generating rental income from office and retail tenants such as Comcast and Papa John's International Inc. This is an income-producing real estate operation outside of a REIT structure.
JOE
St Joe
$3.77Bn
66.13
+0.18%
+33.68%
The company is described as a diversified real estate development company that generates primary revenue through the sale of residential homesites and the development of commercial and mixed-use properties. It develops and sells homesites across multiple communities to homebuilders and retail customers.
BNL
Broadstone Net Lease
$3.62Bn
18.87
+0.16%
+5.66%
Broadstone Net Lease is explicitly described as a diversified net lease REIT that invests in primarily single-tenant commercial real estate properties. Its revenue model is based on long-term net lease agreements where tenants pay base rent plus property expenses such as taxes, insurance, and maintenance.
LXP
LXP Industrial Trust
$3.59Bn
60.90
-0.02%
+34.88%
LXP Industrial Trust is a REIT that focuses on acquiring and managing Class A warehouse and distribution properties. Its revenue is primarily generated from lease agreements with logistics distributors, manufacturers, and e-commerce firms.
BANF
2nd
Bancfirst
$3.57Bn
106.35
-0.88%
-16.73%
The company owns and operates real estate through subsidiaries such as BFC PNC LLC and Calimesa Town Center LLC, which are described as real estate holding companies.
NHC
2nd
National Healthcare
$3.51Bn
224.27
-0.94%
+83.12%
The company owns real estate that it leases to third-party healthcare operators, generating rental income that fits the Healthcare REITs/property owner profile.
IRT
Independence Realty Trust
$3.50Bn
14.84
+0.95%
-9.24%
Independence Realty Trust is a REIT that owns and operates multifamily apartment communities, generating its primary revenue from rental income collected from residential tenants. The profile specifically mentions owning 114 properties comprising 33,462 units across various U.S. states.
SLG
Sl Green Realty
$3.47Bn
49.03
-0.63%
-18.19%
SL Green is the largest owner of office real estate in Manhattan and generates its primary revenue from tenant rents and escalations on office properties. The profile explicitly states it is primarily engaged in the ownership and management of office properties.
CXW
2nd
CoreCivic
$3.23Bn
32.70
+3.19%
+51.81%
The company operates a CoreCivic Properties segment that owns correctional real estate properties held for lease to government agencies, which fits the description of a specialized property type (prisons and correctional facilities).
NHI
National Health Investors
$3.22Bn
66.69
-0.24%
-15.14%
The company is a REIT that owns and leases senior housing communities, skilled nursing facilities, and hospitals. Its primary revenue is generated from triple net leases with third-party operators who deliver healthcare services.
CURB
Curbline Properties
$3.18Bn
27.92
-1.55%
+24.53%
Curbline Properties is a REIT that owns and operates convenience shopping centers, which are a form of retail property. Its revenue is generated primarily through rental income from a diverse mix of national, regional, and local service and restaurant tenants.
HIW
Highwoods Properties
$3.16Bn
28.64
-2.59%
-8.29%
Highwoods Properties is a fully integrated office REIT that generates its principal revenue from leasing office space to tenants in major business districts. Its primary assets are office properties located in cities such as Atlanta, Charlotte, and Raleigh.
PK
Park Hotels & Resorts
$3.14Bn
15.58
-0.89%
+35.24%
Park Hotels & Resorts is explicitly described as a lodging real estate investment trust that owns a portfolio of 34 hotels and resorts. Its revenue is generated primarily through leasing these hotel properties to tenants, which aligns with the R-05 classification for REITs whose primary assets are lodging property.
AD
Array Digital Infrastructure
$2.93Bn
33.86
+1.20%
-31.28%
Array Digital Infrastructure owns and operates 4,450 wireless communications towers and provides colocation space for network equipment. Its revenue is generated through long-term lease agreements with wireless carriers such as T-Mobile, AT&T, and Verizon.
VTMX
Vesta Real Estate Corporation, S.A.B. de C.V
$2.87Bn
32.40
-0.74%
+15.71%
Vesta is described as an integrated real estate company that owns, manages, develops, and leases industrial properties in Mexico, but it is not identified as a REIT. It generates revenue from leasing industrial buildings and collecting rental income under long-term contracts from tenants like Mercado Libre and Nestlé.
CWT
2nd
California Water Service
$2.84Bn
45.85
+0.44%
+1.08%
The company operates an 'Other' segment that includes real estate operations, specifically the leasing, management, and disposition of owned properties. This activity is described as a separate business segment from the regulated water utility and is not structured as a REIT.
IHS
IHS Holding
$2.81Bn
8.37
-0.24%
+25.30%
IHS Holding owns and operates approximately 37,590 communication towers leased to mobile network operators like MTN and Airtel. Its primary revenue is generated through colocation arrangements and leasing space on these towers.
CWK
Cushman & Wakefield
$2.75Bn
11.74
-1.10%
-26.76%
Cushman & Wakefield is a commercial real estate services firm that generates revenue from property and facilities management, leasing, capital markets advisory, and valuation services. Its revenue is derived from fees and commissions paid by corporate users and institutional clients for these professional services.
FRMI
Fermi
$2.73Bn
4.28
+0.47%
-86.84%
Fermi develops and leases 'powered shell buildings' and high-performance computing facilities specifically for hyperscale AI customers. Its revenue model is based on long-term tenant lease arrangements for these data-center-ready facilities.
AKR
Acadia Realty Trust
$2.64Bn
19.21
-0.26%
-4.85%
Acadia Realty Trust is an equity REIT that owns and operates a core portfolio of street and open-air retail properties. Its primary revenue is generated from rental income and expense recoveries from a diverse base of retail tenants, including national and local retailers and restaurants.
HTO
2nd
H2O America
$2.58Bn
61.65
+0.46%
+28.44%
The company owns undeveloped land in California through a land subsidiary and earns additional income from property leases from these land holdings.
DRH
DiamondRock Hospitality
$2.55Bn
12.47
-1.34%
+54.33%
DiamondRock Hospitality is a real estate investment trust (REIT) that owns a portfolio of 35 premium hotels and resorts. Its revenue is generated from hotel operations, including room sales, food and beverage, and ancillary services at these lodging properties.
UE
Urban Edge Properties
$2.49Bn
19.81
-0.50%
-1.93%
Urban Edge Properties is structured as a REIT and primarily owns and operates retail property, including 69 shopping centers, two outlet centers, and two malls. Its revenue is generated through leasing this retail space to national, regional, and local retailers.
FCPT
Four Corners Property Trust
$2.42Bn
22.03
-0.05%
-9.60%
Four Corners Property Trust is a REIT that focuses on a long-term lease structure where tenants are primarily responsible for property expenses (utilities, taxes, insurance, and maintenance), which is the defining characteristic of a net lease model. Its portfolio is diversified across both restaurant and retail property types, making R-06 the most appropriate fit over a single-property type REIT.
IVT
InvenTrust Properties
$2.38Bn
30.47
-0.78%
+5.91%
InvenTrust Properties is a REIT that owns and operates a multi-tenant retail platform, specifically grocery-anchored neighborhood centers and power centers. Its revenue is derived from leasing retail space to tenants such as grocery stores, pharmacies, and other retailers.
LTC
Ltc Properties
$2.32Bn
43.11
+0.02%
+18.73%
LTC Properties is a REIT that invests primarily in seniors housing and health care properties, including skilled nursing centers and assisted living facilities. Its revenue is generated from rental income under triple net operating leases and resident fees from its SHOP segment.
OPEN
Opendoor Technologies
$2.30Bn
2.37
-2.47%
-71.10%
Opendoor operates as an iBuyer, buying residential homes on its own balance sheet and reselling them to buyers for a profit. This matches the description of tech-enabled home-trading (iBuying) businesses that own and operate income-producing real estate outside the REIT structure.
PEB
Pebblebrook Hotel Trust
$2.11Bn
18.72
-0.05%
+61.94%
Pebblebrook Hotel Trust is a REIT that owns and operates a portfolio of forty-four hotels, including upper upscale full-service hotels and resort properties. Its revenue is generated through lease payments from its taxable REIT subsidiary, which are driven by the operating performance (occupancy and average daily rates) of these lodging assets.
MPT
Medical Properties Trust
$2.10Bn
3.52
+0.86%
-28.89%
Medical Properties Trust is a REIT that owns and leases healthcare facilities, including hospitals, behavioral health centers, and post-acute care facilities. Its revenue is primarily generated from rent billed to healthcare operating companies like Circle and Lifepoint Behavioral.
SHO
Sunstone Hotel Investors
$2.10Bn
11.30
+0.00%
+18.20%
Sunstone Hotel Investors is a REIT that owns and manages a portfolio of 14 upscale and luxury hotels, including convention, urban, and resort destinations. Its revenue is derived from hotel-property income, specifically base and variable rent from its hotels.
NMRK
Newmark
$1.99Bn
12.47
-0.16%
-33.81%
Newmark provides a comprehensive suite of commercial real estate services, including property and facilities management, valuation, and advisory. Its revenue is derived from commercial real estate fees and commissions across its Management Services, Leasing, and Capital Markets lines.
DHC
Diversified Healthcare Trust
$1.92Bn
7.93
-0.38%
+87.03%
The company is a REIT that primarily owns senior living communities, skilled nursing facilities, and medical office buildings leased to healthcare providers. Its revenue is derived from triple-net leases and management fees from third-party operators of these care facilities.
NTST
Netstreit
$1.82Bn
17.92
-1.16%
-0.28%
Netstreit is a REIT that specifically acquires and manages a diversified portfolio of single-tenant commercial retail properties subject to long-term net leases. Its defining business model is the use of single-tenant net leases across various retail sectors, which aligns with the R-06 classification.
SMA
SmartStop Self Storage REIT
$1.79Bn
32.36
+3.78%
-13.13%
The company is a REIT that owns and operates 177 self-storage properties, generating its primary revenue from month-to-month rental income and ancillary services like tenant insurance and packing supplies.
SNDA
2nd
Sonida Senior Living
$1.78Bn
37.59
-0.11%
+35.95%
The company is a leading owner and investor in senior housing, with an 'Owned Communities' segment consisting of 84 facilities owned wholly or through joint ventures.
GTY
Getty Realty
$1.77Bn
28.50
+0.07%
+7.75%
Getty Realty is a net lease REIT that specializes in the acquisition and development of single-tenant retail real estate leased under triple net agreements. Its revenue is principally generated from rent collected on a diversified portfolio of freestanding properties where tenants are responsible for taxes, maintenance, and insurance.
GNL
Global Net Lease
$1.76Bn
8.35
-1.53%
+3.86%
Global Net Lease is a REIT whose defining business model is the acquisition and management of a global portfolio of income-producing net lease assets. The company explicitly structures its operations around long-term net lease agreements across diverse property types, including industrial, retail, and office, to generate stable cash flows.
STC
2nd
Stewart Information Services
$1.73Bn
56.74
-1.46%
-22.95%
Through its real estate solutions segment, the company provides commercial real estate services including valuation management, property preservation, and closing support for real estate professionals and investors.
XHR
Xenia Hotels & Resorts
$1.69Bn
18.33
-0.54%
+29.18%
Xenia Hotels & Resorts is a REIT that owns 30 luxury and upper upscale hotel properties comprising 8,868 rooms. Its revenue is derived from hotel-property income via lease payments from its taxable REIT subsidiary, which is funded by room sales and food and beverage services.
RLJ
RLJ Lodging Trust
$1.69Bn
11.06
+0.00%
+50.27%
RLJ Lodging Trust is a REIT that owns a portfolio of ninety-five hotel properties, including focused service and compact full service hotels. Its primary revenue is derived from room revenue through the sale of guest nights to transient and group travelers.
CBL
Cbl & Associates Properties
$1.65Bn
53.38
+2.10%
+78.71%
CBL & Associates Properties is a REIT that owns and operates regional shopping malls, outlet centers, and lifestyle centers. Its primary revenue is generated from rental income under leases with retail tenants such as Victoria's Secret, American Eagle, and The Gap.
IMKTA
2nd
Ingles Markets
$1.61Bn
84.96
-0.15%
+22.14%
The company derives revenue from shopping center rentals, indicating it owns and leases retail property to other tenants.
DEI
Douglas Emmett
$1.61Bn
9.62
-0.62%
-38.17%
Douglas Emmett is a REIT whose primary asset base is an 18,000,000 square foot office portfolio. It generates core revenue from leasing office space to tenants such as law firms, financial services firms, and entertainment companies.
IIPR
Innovative Industrial Properties
$1.50Bn
54.52
-1.25%
-0.85%
The company is a REIT that primarily acquires, owns, and manages specialized industrial real estate leased to cannabis operators for cultivation and processing. Its revenue is generated from base rent and property management fees from these industrial facilities.
NUTX
2nd
Nutex Health
$1.44Bn
210.10
-1.24%
+97.78%
The company has a dedicated real estate division that owns the land and buildings housing its hospital facilities and leases them back to the hospital operating entities. This aligns with the definition of a healthcare property owner where the tenants deliver healthcare.
FOR
Forestar
$1.33Bn
26.04
-1.14%
-2.29%
Forestar is a residential lot development company that invests in land acquisition and development to sell finished single-family residential lots to homebuilders. Its revenue is generated from the sale of these finished lots and land banking activities, fitting the description of a non-REIT real estate developer.
UMH
Umh Properties
$1.32Bn
15.47
-0.58%
+5.10%
UMH Properties is a REIT that owns and operates manufactured home communities, generating its primary revenue from leasing manufactured home sites and renting manufactured homes to residents.
AAT
American Assets Trust
$1.31Bn
21.34
-1.30%
+5.64%
The company is a REIT that owns and operates a significant portfolio of office properties, including notable assets like The Landmark at One Market leased to Google LLC. The office segment is one of its primary operational segments providing professional workspaces to businesses.
ALX
Alexanders
$1.27Bn
247.84
-0.46%
+6.21%
The company is a REIT whose primary revenue driver is its office segment, specifically the 952,000 square feet at 731 Lexington Avenue occupied by Bloomberg L.P., which contributed approximately 61% of total rental revenues in 2025.
WEN
2nd
Wendy's
$1.25Bn
6.54
+2.35%
-28.37%
The company has a dedicated 'Global Real Estate & Development' segment that owns and leases sites to franchisees and manages a real estate joint venture (TimWen), operating as a non-REIT real estate owner.
CYD
2nd
China Yuchai International
$1.22Bn
32.60
+0.46%
-20.70%
Through its stake in HLGE, the company engages in property development projects in Malaysia that support its hospitality business.
WD
2nd
Walker & Dunlop
$1.21Bn
36.27
-2.13%
-56.36%
The company provides commercial real estate services including property sales brokerage, appraisal and valuation services, and housing market research for commercial property owners.
CCO
Clear Channel Outdoor Holdings
$1.19Bn
2.34
-0.85%
+49.04%
The company owns and leases outdoor advertising structures, including roadside billboards, street furniture (bus shelters, kiosks), and airport displays. Its revenue is generated from selling advertising space on this owned and leased display inventory.
SRG-PA
Seritage Growth Properties
$1.19Bn
21.10
-0.28%
-10.63%
Seritage Growth Properties focuses on the ownership, leasing, and sale of retail and mixed-use properties. Its revenue is primarily generated from leasing these spaces to retail operators and other businesses.
HZO
2nd
Marinemax
$1.15Bn
52.24
-0.31%
+101.08%
MarineMax owns and operates a worldwide marina network through IGY Marinas, generating income from slip and storage rentals.
LADR
2nd
Ladder Capital
$1.15Bn
9.05
+0.56%
-19.77%
The company owns a portfolio of 149 net leased single-tenant properties occupied by necessity-based businesses, generating rental income through a net-lease structure.
PDM
Piedmont Realty Trust
$1.12Bn
8.92
-1.98%
+0.22%
Piedmont Realty Trust is a REIT that owns and operates approximately 14.9 million square feet of Class A office properties. Its primary revenue is generated from leasing this office space to corporate and government tenants.
MMI
Marcus & Millichap
$1.10Bn
29.01
+0.07%
-1.99%
The company is a real estate services firm that generates its primary revenue from brokerage commissions on the sale of commercial properties. It provides investment sales, research, and advisory services to commercial property buyers and sellers.
DEA
Easterly Government Properties
$1.09Bn
23.13
+1.58%
+1.76%
Easterly Government Properties is a REIT that owns and operates Class A commercial properties, specifically office-dominant spaces leased to U.S. Government agencies like the FBI and Department of Homeland Security. Its revenue is primarily derived from rental income from these commercial office assets.
HBNB
2nd
Hotel101 Global Holdings
$1.08Bn
4.60
-2.13%
+52.32%
The company develops hotel units and generates revenue from the sale of these units to buyers during the pre-sale phase. This activity involves the development of real estate for sale to third-party owners.
IRS
Irsa Investments & Representations
$1.07Bn
13.97
-1.83%
+14.41%
IRSA is the largest owner and operator of shopping malls in Argentina, generating chief revenue from base rent, percentage rent tied to tenant sales, and service charges from retail tenants like Zara, Nike, and McDonald's.
ESBA
Empire State Realty OP
$1.05Bn
3.90
-1.52%
-48.07%
The company's primary real estate asset base consists of approximately 7.9 million rentable square feet of office space, including the iconic Empire State Building. Its revenue is primarily driven by rental income from office tenants in sectors such as technology, finance, and media.
CMRF
2nd
Cim
$1.03Bn
2.36
-4.07%
—
The company's 'Real estate' segment owns and manages a diversified portfolio of retail, industrial, and office properties that are primarily single-tenant properties leased under long-term net leases.
NHP
National Healthcare Properties
$999.72Mn
16.23
+0.68%
—
The company is a REIT that owns and manages healthcare real estate, specifically senior housing operating properties and outpatient medical facilities. It generates revenue from leasing these properties to healthcare providers, including senior housing operators and physicians' groups.
WSR
Whitestone REIT
$975.97Mn
18.99
—
—
Whitestone REIT is a real estate investment trust that owns and operates retail centers, with its primary revenue coming from base rent collected from tenants such as specialty retail grocers and restaurants. The company specifically identifies its strategy as acquiring and operating retail centers that serve surrounding communities.
CSR
Centerspace
$926.35Mn
55.14
-0.85%
-4.29%
Centerspace is a REIT that owns and operates 61 apartment communities comprising 12,262 homes. Its primary revenue is generated through leasing residential units to individual renters.
SAFE
Safehold
$851.97Mn
11.99
-1.88%
-22.94%
Safehold operates as a REIT that specializes in long-term triple net ground leases across a diversified portfolio of property types, including office, multifamily, retail, hotel, and industrial. Because its defining characteristic is the single-tenant net lease structure across unrelated property types rather than a concentration in one specific asset class, it fits R-06.
SVC
Service Properties Trust
$825.09Mn
6.37
-3.04%
-52.28%
The company operates a massive portfolio of 760 net lease properties where tenants, such as TravelCenters of America and Petro Stopping Centers, are responsible for operating expenses and capital expenditures under triple-net agreements. Because this portfolio spans diverse, unrelated property types including travel centers, quick service restaurants, health and fitness centers, and medical offices, it fits the R-06 definition of a single-tenant net lease model across multiple property types.
CAPL
2nd
CrossAmerica Partners
$813.47Mn
21.31
-1.66%
+0.47%
The company earns rental income by leasing its owned or leased real estate to tenants, specifically utilizing triple-net leases for its lessee dealer sites.
CTO
CTO Realty Growth
$774.38Mn
20.66
+0.88%
+30.02%
The company is an equity REIT whose primary assets are 17 shopping centers and four other retail/mixed-use properties totaling 5.5 million square feet. Its majority revenue is generated from base rent and expense recoveries from retail tenants such as grocery stores and national chain restaurants.
CPPTL
Copper Property CTL Pass Through Trust
$767.25Mn
10.23
+0.29%
-17.50%
The Trust owns 117 retail properties and generates its primary revenue from rental payments for these retail assets. Its core business activity is the ownership and liquidation of commercial retail assets.
SKYH
Sky Harbour
$754.08Mn
9.85
-1.10%
-1.20%
Sky Harbour owns and operates a specialized property type—aviation hangar campuses—which does not have a dedicated industry code among the standard REIT or real estate categories. Its revenue is derived from long-term rental agreements for these specialized hangars, lounge suites, and ramp space.
JBGS
JBG SMITH Properties
$753.40Mn
10.11
-0.79%
-53.32%
The company is a REIT that owns and operates a commercial segment consisting of office and retail properties, specifically targeting high-demand areas like National Landing. Its commercial assets include office buildings and ground lessor land assets leased to tenants such as Amazon headquarters and the Pentagon.
BFS
Saul Centers
$747.29Mn
30.16
-0.17%
-3.83%
Saul Centers is a REIT that primarily owns and manages grocery-anchored shopping centers, generating revenue from lease payments from national and local retailers. Its core competitive advantage is centered on its concentration in grocery-anchored centers with tenants like Wegmans and Publix.
CRESY
2nd
Cresud
$714.78Mn
11.64
-2.43%
+29.05%
Through its subsidiary IRSA, the company is the largest owner and operator of shopping malls in Argentina, generating lease and service revenue from tenants such as Zara, Nike, and Adidas.
PSTL
Postal Realty Trust
$703.89Mn
23.27
+0.30%
+48.69%
Postal Realty Trust is a REIT whose primary business model consists of acquiring and managing properties leased to a single primary tenant, the United States Postal Service, under double net lease agreements. Because its defining characteristic is the single-tenant net lease structure across a specialized portfolio of post offices and industrial facilities, it fits the Net Lease REIT classification.
FPH
Five Point Holdings
$699.67Mn
4.72
-0.84%
-21.85%
Five Point Holdings is a non-REIT developer that acquires land, obtains entitlements, and performs horizontal infrastructure improvements for mixed-use planned communities. Its primary revenue is generated from the sale of residential and commercial land parcels to homebuilders and commercial developers.
ESRT
Empire State Realty Trust
$692.31Mn
4.03
-0.74%
-47.32%
The company is a REIT whose portfolio is dominated by office space, including 7.9 million rentable square feet of office space and the flagship Empire State Building. Its primary revenue comes from rental income from professional services, technology, and financial institution tenants.
INN
Summit Hotel Properties
$637.42Mn
5.91
+1.55%
+6.10%
Summit Hotel Properties is a lodging property investment company that owns 95 hotels across the United States. Its primary revenue is generated by leasing these lodging properties to taxable REIT subsidiaries.
HPP
Hudson Pacific Properties
$631.92Mn
11.65
+1.30%
-39.04%
Hudson Pacific Properties is a REIT that primarily acquires, develops, and manages class A office buildings in technology hubs. Its revenue is generated from leasing this office space to technology firms and other businesses.
CLDT
Chatham Lodging Trust
$627.23Mn
13.47
+0.97%
+96.64%
Chatham Lodging Trust is a REIT that owns a portfolio of 33 hotels, including brands like Residence Inn, Homewood Suites, and Courtyard by Marriott. Its revenue is derived from leasing these lodging properties to subsidiaries, with income driven by hotel room revenue, occupancy, and average daily rates.
GOOD
Gladstone Commercial
$610.90Mn
12.62
+1.20%
+3.36%
The company is a REIT that structures the majority of its investments as net leases with terms ranging from seven to twenty years, where tenants assume responsibility for most or all operating expenses. While it owns industrial and office properties, its defining operational model is the single-tenant net lease across these diversified property types.
AGNT
Agnt
$593.27Mn
3.55
+1.14%
-68.08%
The company's core focus is expanding its real estate brokerage operations, generating revenue mainly from commissions earned as a licensed broker for residential real estate transactions. Its customer base consists primarily of home buyers and home sellers served through its network of independent agents.
RMR
Rmr
$587.71Mn
18.32
-1.03%
+18.50%
The company is a holding company that provides management and advisory services to REITs and other real estate entities, generating revenue from base and incentive management fees, property management fees, and construction supervision fees. It specifically provides these services to commercial clients such as Diversified Healthcare Trust, Industrial Logistics Properties Trust, and Office Properties Income Trust.
UHT
Universal Health Realty Income Trust
$528.43Mn
38.02
-2.04%
-1.53%
The company is a REIT that owns and leases healthcare-related facilities, including acute care hospitals, behavioral health care hospitals, and free-standing emergency departments. Its primary revenue is generated from leasing these properties to healthcare operators such as subsidiaries of Universal Health Services, Inc.
BRSP
2nd
BrightSpire Capital
$509.89Mn
4.03
-0.49%
-27.65%
The company operates a 'net leased and other real estate' segment that invests in commercial properties subject to long-term net lease agreements where tenants cover operating expenses. This represents a substantive business line distinct from its mortgage lending activities.
NXRT
NexPoint Residential Trust
$492.86Mn
19.29
-2.62%
-39.07%
NexPoint Residential Trust is a REIT that owns and operates multifamily properties, specifically targeting Class B assets. Its primary revenue is generated from rental income collected from residential renters in suburban and urban submarkets.
FPI
Farmland Partners
$483.84Mn
11.09
+3.36%
+2.50%
Farmland Partners is a REIT that purchases arable land and leases it to farmers who cultivate row crops and specialty produce. Its revenue is generated chiefly through cash rent agreements with agricultural operators.
ILPT
Industrial Logistics Properties Trust
$479.35Mn
7.18
-1.24%
+21.90%
The company is a REIT that owns and leases industrial and logistics properties, including warehouses and distribution facilities. Its revenue is generated from rental income from tenants such as FedEx, Amazon, and UPS who use these facilities for logistics and distribution.
XRN
Chiron Real Estate
$468.92Mn
35.43
+0.03%
+7.76%
Chiron Real Estate is a REIT that owns healthcare facilities, including medical office buildings, inpatient rehabilitation facilities, and surgical hospitals. Its revenue is primarily derived from rental income from tenants such as physician groups and regional or national healthcare systems.
OLP
One Liberty Properties
$464.49Mn
22.04
-0.14%
+0.36%
The company is a REIT whose primary assets are industrial properties used for manufacturing, warehousing, and distribution. This segment is the dominant revenue driver, contributing approximately 79.6% of the projected 2026 base rent ($61.5 million).
AHRT
AH Realty Trust
$449.80Mn
6.03
+2.20%
-11.84%
The company is a REIT with a significant retail portfolio anchored by credit-worthy tenants such as grocery stores, big box retailers, Dick's Sporting Goods, and Amazon/Whole Foods. It generates a primary portion of its revenue from rental income derived from these retail lease agreements.
TRC
Tejon Ranch
$441.80Mn
16.36
-0.37%
+2.06%
Tejon Ranch is described as a diversified real estate development company focused on the planning, entitlement, and development of large-scale master-planned communities like Mountain Village, Grapevine, and Centennial. It generates revenue from the sale of entitled land parcels to third parties and the construction of buildings for its commercial and industrial portfolios.
CHCT
Community Healthcare Trust
$412.92Mn
14.41
+0.70%
-4.13%
Community Healthcare Trust is a REIT that owns and leases real estate to healthcare providers, including hospitals, doctors, and healthcare systems. Its portfolio specifically consists of medical office buildings, inpatient rehabilitation facilities, and behavioral specialty facilities.
LAND
Gladstone Land
$408.93Mn
9.48
+1.17%
+3.61%
Gladstone Land is an agricultural REIT that primarily owns and leases farmland and permanent crop acreage to independent and corporate farming operations. Its revenue is generated from cash and participating farm rents, as well as the ownership of water assets in California.
FRPH
Frp Holdings
$404.32Mn
21.06
-0.14%
-13.33%
FRP Holdings owns and operates a diversified portfolio of income-producing real estate, including warehouses, office buildings, and residential/retail properties, but it is not structured as a REIT. Its revenue is generated from rental income on owned properties and management fees from joint ventures.
FVR
FrontView REIT
$401.83Mn
16.99
-3.79%
+25.20%
FrontView REIT is explicitly described as a net lease real estate investment trust that generates revenue from monthly rental payments under net lease agreements. Its portfolio is diversified across various property types and tenants, including medical providers, restaurants, and financial institutions, which fits the R-06 model of a single-tenant net lease portfolio spanning unrelated property types.
BOC
Boston Omaha
$394.89Mn
12.98
-1.89%
-0.84%
The company owns and leases advertising space on approximately 3,900 billboard structures with 7,500 faces. Revenue is generated from short to medium term contracts with local and national advertisers who pay for the display of messages on static or digital faces.
TCI
Transcontinental Realty Investors
$379.70Mn
43.95
+1.97%
-4.87%
The company operates a Multifamily Properties segment that involves the acquisition, development, ownership, and management of apartments, generating revenue primarily through rental income from residential tenants.
TPTS
2nd
Terra Property Trust
$355.37Mn
14.60
+0.14%
—
The company earns real estate operating revenue from the ownership and leasing of industrial buildings and other properties it holds.
LND
2nd
BrasilAgro - Brazilian Agricultural Real Estate
$353.23Mn
3.44
-1.43%
-12.69%
The company generates substantive revenue from leasing portions of its agricultural properties to third-party operators and earns significant capital gains from the sale of developed farmland, fitting the model of a farmland land company.
INRE
Inland Real Estate Income Trust
$346.10Mn
9.60
+3.23%
-14.67%
The company is a REIT that owns and operates a portfolio of 52 retail properties, specifically focusing on necessity-based retail shopping centers. Its revenue is generated primarily from leasing space to anchor tenants, junior box tenants, and small shop occupants within these retail centers.
MLP
Maui Land & Pineapple
$320.01Mn
16.10
-0.37%
-14.81%
The company's primary activity involves land planning, entitlement, development, and sales of residential, resort, commercial, agricultural, and industrial real estate, specifically within the Kapalua Resort master-planned community. This is a core part of its revenue model through the Land Development and Sales segment.
ARTNA
2nd
Artesian Resources
$314.55Mn
33.30
+1.25%
+3.42%
The company operates a segment called Artesian Development, which is a real estate holding company that owns properties including land approved for office buildings and facilities for current operations.
NLCP
NewLake Capital Partners
$313.86Mn
15.25
+1.73%
+11.72%
NewLake Capital Partners is a REIT that specializes in acquiring and leasing properties to single tenants on a long-term, triple-net basis. Its revenue model is defined by this single-tenant net lease structure across a portfolio of cultivation and dispensary facilities.
PINE
Alpine Income Property Trust
$305.45Mn
17.36
+2.72%
+23.30%
The company is a REIT that primarily owns a portfolio of 127 net leased commercial properties where tenants pay or reimburse for operating expenses. Its core revenue is derived from long-term triple-net leases across a diversified tenant base including retailers, restaurants, and service providers.
SEG
2nd
Seaport Entertainment
$298.23Mn
23.29
+1.00%
-1.98%
Through its Landlord Operations segment, the company generates lease income from retail spaces and mixed-use properties in the Seaport district, including the Tin Building and the Fulton Market Building.
AIV
Apartment Investment & Management
$295.20Mn
2.06
-4.19%
-73.39%
Aimco is a real estate investment trust (REIT) focused on the multifamily sector, specifically owning and managing apartment communities. Its revenue is primarily derived from the leasing of apartment units to residents.
ALCO
2nd
Alico
$285.53Mn
38.50
-1.66%
+14.75%
The company generates significant revenue from leasing its citrus groves and native pastureland to third parties for farming, grazing, and hunting activities. This aligns with the Farmland REITs/land companies category for owning agricultural land and leasing it to farming operators.
FNRN
2nd
First Northern Community Bancorp
$283.64Mn
17.30
+0.35%
+42.86%
The company owns Yolano Realty Corporation, which manages other real estate owned (OREO) properties, representing an operational real estate business outside the REIT structure.
NXDT
Nexpoint Diversified Real Estate Trust
$280.40Mn
5.28
+0.76%
+37.86%
The company is a diversified REIT that invests across a wide array of property types including office, multifamily, retail, life science, and self-storage, as well as undeveloped land. Because it does not concentrate its primary assets in a single named property-type industry, it fits the Specialty REIT category for diversified portfolios.
REG
Regency Centers
$278.88Mn
72.66
-0.91%
+0.61%
Regency Centers is a REIT that owns and operates neighborhood and community shopping centers anchored by grocery stores. Its primary revenue is generated by leasing space to retail tenants, including national grocery chains like Kroger and Publix.
CFTR-PA
Cantor Fitzgerald Income Trust
$271.66Mn
25.27
+0.08%
—
The company is a REIT that holds a diversified portfolio of properties across multiple unrelated types, including retail, office, industrial, and multifamily residential assets. Specifically, it owns a controlling interest in a Delaware Statutory Trust holding seven net lease properties and maintains a broad mix of assets to smooth cash flow across different economic cycles.
ARL
American Realty Investors
$266.83Mn
16.52
+5.56%
+3.06%
American Realty Investors is described as a real estate company that owns and operates income-producing multifamily and commercial properties, but it is not identified as a REIT. It generates revenue from rental income from apartment units and office building spaces, as well as gains on the disposition of properties.
PCYO
2nd
Pure Cycle
$264.83Mn
10.99
+0.55%
+0.09%
The company develops the Sky Ranch Master Planned Community, designing and constructing horizontal infrastructure to sell finished residential, commercial, and industrial lots to home builders.
RMAX
Re
$263.49Mn
12.36
-9.25%
—
The company is a leading franchisor of residential real estate brokerages under the REMAX brand, earning revenue from recurring franchise fees and a percentage of commissions earned on real estate transactions. Its primary customer base consists of real estate brokerage franchisees and agents who facilitate home sales for buyers and sellers.
BRT
BRT Apartments
$242.27Mn
13.44
-1.03%
-14.45%
BRT Apartments is a REIT that primarily owns and operates multifamily properties, with 21 wholly owned properties containing 5,420 units. Its primary revenue is generated from residential rental income from these multifamily units.
PEBK
2nd
Peoples Bancorp Of North Carolina
$237.85Mn
43.55
+0.93%
+39.67%
The company operates Real Estate Advisory Services, Inc. and Community Bank Real Estate Solutions, LLC, which provide real estate appraisal and brokerage services to individuals and other community banks.
CDR-PB
Cedar Realty Trust
$223.19Mn
16.27
+0.00%
-9.86%
Cedar Realty Trust is a REIT that owns and operates a portfolio of 16 retail properties, specifically grocery-anchored shopping centers. Its revenue is primarily generated from rental income received from tenants such as supermarkets, drugstores, and other necessity-based retailers.
LMNR
2nd
Limoneira
$219.76Mn
12.12
+0.58%
-19.15%
The company pursues residential and mixed-use development projects, specifically through its Harvest at Limoneira partnership and joint venture with the Lewis Group of Companies.
TROO
2nd
Troops
$204.01Mn
1.67
-1.76%
+26.52%
The company owns and operates a portfolio of commercial and residential properties in Hong Kong, including a 19-story building, and generates revenue from rental income outside of a REIT structure.
CHCI
Comstock Holding Companies
$197.34Mn
19.45
-0.41%
+25.08%
The company generates its primary revenue through long-term asset management and property management agreements, as well as development and construction management fees. It provides a full suite of commercial real estate services, including leasing, marketing, and acquisition/disposition advisory for institutional investors and property owners.
ICR-PA
2nd
InPoint Commercial Real Estate Income
$186.41Mn
21.77
-0.23%
+13.39%
The company makes select equity investments in single-tenant, net leased properties, which is a specific real estate investment model where tenants bear most operating costs.
MDV
Modiv Industrial
$186.34Mn
18.05
-2.22%
—
Modiv Industrial is a REIT whose primary assets are industrial properties, specifically focusing on industrial manufacturing assets. The company generates the vast majority of its revenue (approximately 82% of annual base rent) from its Industrial Core segment, which consists of 39 industrial properties.
STRW
Strawberry Fields REIT
$183.60Mn
13.05
-0.61%
+6.10%
Strawberry Fields REIT owns and leases skilled nursing facilities and post-acute healthcare properties to healthcare operators. Its revenue is derived from leasing these care-delivery facilities, which fits the definition of Healthcare REITs.
SITC
SITE Centers
$163.72Mn
3.12
+1.96%
-64.79%
SITE Centers is a REIT that primarily owns and operates a portfolio of nineteen shopping centers, generating its primary net income from rental income derived from leasing space to retailers like The Kroger Co. and Burlington Stores Inc.
OZ
Belpointe PREP
$163.39Mn
41.79
-1.02%
-34.70%
Belpointe PREP is a qualified opportunity fund that owns and operates income-producing commercial and mixed-use real estate, but it is structured as a Delaware limited liability company rather than a REIT. It generates revenue primarily from rental income collected from residential units, office spaces, and retail locations.
FREVS
First Real Estate Investment Trust Of New Jersey
$158.63Mn
21.20
+0.00%
+53.07%
The company is a REIT that generates significant revenue from commercial properties, specifically shopping centers and retail spaces leased to supermarkets, pharmacies, and fitness centers.
ELME
Elme Communities
$151.95Mn
1.71
+0.59%
-89.77%
Elme Communities is a REIT that primarily owns and operates approximately 9,400 residential apartment homes, with the vast majority of its revenue derived from residential rents, totaling $172.4 million for the nine months ended September 30, 2025.
NLOP
Net Lease Office Properties
$147.55Mn
9.96
-0.30%
-66.03%
The company is a REIT that owns a portfolio of 24 office properties leased to corporate tenants. Its revenue is generated primarily from base rent payments from these office facilities.
STRS
Stratus Properties
$145.05Mn
18.17
+0.33%
-15.96%
Stratus Properties focuses on the entitlement, development, and sale of multi-family and single-family residential and commercial real estate, including a portfolio of 1,500 acres under development. Its Real Estate Operations segment specifically generates revenue from the disposition of developed or undeveloped land and the sale of completed homes and commercial buildings.
ONL
Orion Properties
$143.18Mn
2.51
+0.00%
-7.04%
Orion Properties is a REIT specializing in the ownership and management of a diversified portfolio of office properties, including traditional office, medical office, and flex/laboratory space. Its primary revenue is derived from leasing these office-dominant assets to tenants like the General Services Administration and Merrill Lynch.
DOUG
Douglas Elliman
$137.24Mn
1.51
-1.95%
-48.64%
The company operates one of the largest residential brokerage firms in the New York metropolitan area and generates its primary revenue from brokerage commissions on residential sales. It employs approximately 5,800 agents focusing on luxury residential properties for individual homebuyers and sellers.
AXR
2nd
Amrep
$119.01Mn
22.35
-0.22%
-7.91%
The company acquires raw land, obtains entitlements and infrastructure approvals, and develops it into finished lots for sale to builders and investors. This constitutes a substantial non-REIT real estate development business line.
BHR
Braemar Hotels & Resorts
$114.69Mn
1.67
+0.60%
-40.14%
Braemar Hotels & Resorts is a REIT that owns luxury hotel properties and resorts, generating revenue from room rentals, food and beverage sales, and ancillary services. The profile explicitly states it does not operate the hotels directly but contracts third-party management companies, which is the defining characteristic of a Hotel REIT.
BEEP
Mobile Infrastructure
$109.80Mn
2.79
-1.41%
-18.18%
Mobile Infrastructure Corporation owns and operates a specialized property type—parking facilities, including lots and garages—which does not have a dedicated industry code in the provided list. Its revenue is derived from transient and contract parking fees, as well as valet services.
PBHC
2nd
Pathfinder Bancorp
$107.86Mn
17.20
-0.85%
+12.14%
The company owns a wholly owned subsidiary, Whispering Oaks Development Corp, which specifically undertakes real estate development projects.
STHO
Star Holdings
$103.66Mn
8.58
+1.30%
+3.62%
Star Holdings owns and operates income-producing real estate, including mixed-use developments and residential communities, but is not structured as a REIT. It generates revenue from rental payments, operating income from hotel and retail properties, and the sale of real estate assets.
BBXIB
BBX Capital
$103.63Mn
5.00
+0.00%
-9.09%
Altman, a principal holding, focuses on the acquisition, development, and sale of multifamily apartment communities, warehouse and logistics facilities, and single-family master-planned housing. It generates revenue through development fees, acquisition fees, and proceeds from the sale of completed real estate projects.
RFL
2nd
Rafael Holdings
$103.44Mn
2.02
+0.50%
+47.45%
The company owns a commercial building in Jerusalem, Israel, and generates rental income from leasing this office space to commercial tenants.
JFB
2nd
JFB Construction Holdings
$100.14Mn
4.95
+4.43%
—
The company has a dedicated real estate development segment that acquires land and develops multi-family residential and mixed-use properties, generating revenue from property sales and development.
SUNS
Sunrise Realty Trust
$94.49Mn
6.99
-0.99%
-36.40%
Sunrise Realty Trust is a REIT that focuses on the acquisition, ownership, and management of single-family rental properties. Its revenue is primarily generated through rental income collected from individual households leasing these residential homes.
ATVK
2nd
Globaltek Ventures
$94.05Mn
10.30
+0.00%
+71.67%
Through Chicago Real Estate Partners, LLC, the company acquires luxury condominiums and generates rental income by leasing furnished units to corporate executives.
LPA
Logistic Properties of the Americas
$90.74Mn
2.87
-1.71%
-41.90%
The company owns and operates income-producing logistics and industrial facilities across Latin America but explicitly differentiates itself from traditional REITs through its vertical control over development and management. Its core revenue is derived from rental income from tenants like Samsung and IKEA, and it is structured as an integrated real estate operator rather than a REIT.
RNGE
Range Impact
$87.25Mn
0.77
+1.32%
+285.00%
Range Impact owns and operates income-producing real estate (former mine sites) outside the REIT structure, generating revenue by leasing reclaimed land to third-party tenants for data centers, renewable energy, and agriculture.
GAMG
Global Asset Management
$86.66Mn
0.41
+20.59%
+10.81%
The company operates a real estate development segment through DC Rental Portfolio Corp., which acquires, develops, and manages multi-family residential housing. Specifically, it is renovating the Saratoga Apartments for conversion to condominium units and has other properties under contract for redevelopment.
RPT
Rithm Property Trust
$83.94Mn
10.80
-0.46%
-29.13%
Rithm Property Trust is an equity REIT that invests in a diverse set of debt and equity interests in commercial properties, including direct ownership of office towers and mixed-use developments. Because it maintains a flexible mandate spanning senior loans, mezzanine loans, and direct ownership rather than concentrating on a single property type like office or retail, it fits the Specialty REIT category as a diversified commercial real estate investment vehicle.
CPHC
2nd
Canterbury Park Holding
$80.86Mn
15.60
+0.26%
-5.28%
The company has a dedicated real estate development segment that manages the development of company land for residential, office, retail, and hotel projects through joint ventures and sales.
MAYS
Mays J W
$80.63Mn
40.00
+1.16%
+5.26%
J. W. Mays, Inc. owns and operates a portfolio of commercial real estate properties and generates revenue primarily from leasing these holdings to commercial tenants. There is no indication in the profile that the company is structured as a REIT, making it a real estate operator.
ACR
2nd
ACRES Commercial Realty
$75.06Mn
10.17
-1.74%
-51.57%
The company earns rental income from direct equity investments in commercial real estate properties and manages assets across various property types including multifamily, student housing, hospitality, industrial, and office. Since it owns these physical assets as part of its investment strategy alongside its loan book, it operates as a specialty REIT for these holdings.
INTG
Intergroup
$69.54Mn
32.36
-1.64%
+72.59%
InterGroup is a diversified holding company that owns and operates income-producing real estate, including sixteen apartment complexes and commercial properties, but it is not structured as a REIT. Its revenue is derived from rental operations and the ownership of these physical assets.
SOHOB
Sotherly Hotels
$68.64Mn
3.35
+0.00%
-70.41%
Sotherly Hotels is a lodging real estate investment trust that owns a portfolio of ten full-service, upscale hotel properties, including brands like DoubleTree by Hilton and Hyatt Centric. Its revenue is generated through leasing these hotel properties to subsidiaries and through rental programs for condominium hotels.
SOHOB
Sotherly Hotels
$68.64Mn
3.35
+0.00%
-70.41%
Sotherly Hotels is a lodging real estate investment trust that owns and operates full-service, upscale and upper-upscale hotel properties. Its primary revenue is generated from leasing these hotel properties to TRS Lessees in exchange for base and percentage rent.
GEG
2nd
Great Elm
$64.02Mn
2.15
+0.00%
-13.31%
The company's Build to Suit segment acquires land, constructs improvements, and sells the completed developments with attached leases, which is a core real estate development activity.
KANP
Kaanapali Land
$57.36Mn
32.00
+0.00%
-14.67%
The company focuses on acquiring entitled land, pursuing government approvals, and bringing residential, commercial, and mixed-use projects to market. Revenue is generated primarily from the sale of land parcels and infrastructure improvement agreements.
CLPR
Clipper Realty
$51.87Mn
3.21
-1.23%
-16.41%
Clipper Realty is a REIT that derives approximately 78% of its revenue from residential rental properties, including multifamily apartment buildings like Tribeca House and Flatbush Gardens. Its primary business activity is generating rental income from individual tenants and families seeking housing in New York City.
TIL
2nd
Instil Bio
$48.42Mn
7.14
+1.42%
-61.34%
The company generates its primary current income from rental receipts from its Tarzana, California facility, which is leased to AstraZeneca Pharmaceuticals LP, a healthcare tenant.
RDI
2nd
Reading International
$42.21Mn
1.99
+1.02%
+36.30%
The company owns and manages a portfolio of retail, commercial, and live-theatre properties that generate rental income from tenants like Petco and Coles Supermarket. This activity is conducted as a real estate segment outside of a REIT structure, as it is described as an internationally diversified company that monetizes assets through selective sales.
FSP
Franklin Street Properties
$37.33Mn
0.36
+5.88%
-77.50%
Franklin Street Properties is a REIT that acquires, owns, and manages a portfolio of 14 commercial office properties, primarily in central business district locations. Its primary revenue is generated from rental income collected from business tenants leasing this office space.
BHM
Bluerock Homes Trust
$32.63Mn
7.96
+0.38%
-31.97%
Bluerock Homes Trust is a REIT that generates revenue primarily from leasing residential units, including apartments, townhouses, and single-family homes, to tenants. Its assets consist of residential communities and scattered single-family homes, which fits the definition of Residential REITs.
AEI
Alset
$31.12Mn
0.80
+2.56%
-69.35%
Alset develops land subdivision projects and sells the finished residential lots to builders such as Davidson Homes, LLC and Century Land Holdings of Texas, LLC. This activity of developing land for sale is the core of its real estate segment.
SPND
2nd
Spindletop Oil & Gas
$30.75Mn
4.66
-10.21%
+60.14%
The company owns a commercial office building in Dallas and generates rental income by leasing space to non-related third-party commercial tenants outside of a REIT structure.
STSR
Strategic Student & Senior Housing Trust
$30.49Mn
2.62
—
—
The company is a REIT that acquires and owns income-producing senior housing properties, including independent living, assisted living, and memory care communities. Its revenue is generated from rental income received from senior residents who utilize these healthcare-related facilities.
EUDA
2nd
EUDA Health Holdings
$30.32Mn
16.04
-0.80%
-52.40%
The company has a dedicated Property Management Services segment that generates revenue from common area and security management contracts for retail and residential properties.
MRNO
2nd
Murano Global Investments
$26.31Mn
0.33
+10.00%
-87.50%
The company is an international development group that structures and develops real estate assets, including the GIC Phase II condominiums in Cancun and the Baja Park Development Project in Ensenada.
ETST
2nd
Earth Science Tech
$25.88Mn
0.09
+0.00%
-50.00%
The company operates Avenvi, LLC, which is engaged in real estate development, asset management, and financing, providing turnkey development solutions.
NOMA
2nd
Nomadar
$25.52Mn
1.67
+3.73%
—
The company is engaged in the planning and development of the JP Financial Arena, which includes a hotel, convention center, and retail spaces intended for future lease and service income.
DUO
2nd
Fangdd Network
$24.67Mn
0.64
+3.23%
-80.95%
The company provides asset management services for non-residential properties, including design, planning, tenant acquisition, and property management for municipal investment companies and developers.
LTSV
Lightstone Value Plus REIT IV
$21.87Mn
2.70
+2.66%
—
The company is a REIT that generates revenue chiefly from the operation of the Williamsburg Moxy Hotel, a 216-room Marriott branded property. Its revenue streams include room revenue, food and beverage income, and ancillary hotel services.
CKX
Ckx Lands
$21.50Mn
10.47
-2.15%
-7.35%
CKX Lands owns and operates income-producing real estate outside the REIT structure, generating revenue from surface leases for farming, recreational, and commercial purposes. The company's core business is the ownership and management of land in southwest Louisiana.
NYC
American Strategic Investment
$19.55Mn
6.11
-3.48%
-37.08%
The company's primary source of revenue is rental income from a portfolio of commercial real estate consisting mainly of office properties in New York City. Its assets include 700,000 rentable square feet of office space and accompanying amenities.
MDRR
Medalist Diversified
$17.91Mn
11.00
-0.90%
-18.22%
Medalist Diversified owns and operates income-producing real estate, including retail, flex/industrial, and single tenant net lease assets, but is not structured as a REIT. It generates revenue from rental income across these diversified property types.
GBCS
2nd
Selectis Health
$17.54Mn
5.72
+0.00%
+172.38%
The company owns healthcare real estate and generates rental income from triple net leases and RIDEA investments in senior housing and skilled nursing properties.
LGPS
Logprostyle
$17.47Mn
0.74
+0.00%
-32.11%
LogProstyle's primary revenue (91.1%) comes from real estate renovation, resale, and development, specifically purchasing land and condominium units to develop and sell to individual and institutional customers. This aligns with the non-REIT real estate development model described in R-18.
FTHM
Fathom Holdings
$16.90Mn
0.50
-7.41%
-73.40%
Fathom generates its primary revenue through commissions collected from residential real estate transactions facilitated by its network of agents. The profile explicitly describes its core business as functioning in the U.S. residential real estate industry through residential brokerage.
LHAI
Linkhome Holdings
$16.70Mn
1.01
-1.94%
-89.12%
Linkhome Holdings operates primarily as a real estate agency providing brokerage services for buyer and seller transactions, generating revenue from agency commissions. The company specifically serves individual home buyers and sellers in the residential market.
AWCA
Awaysis Capital
$16.37Mn
0.04
+0.00%
-80.95%
Awaysis Capital focuses on the acquisition, redevelopment, and sale of residential vacation home communities, including condominiums, villas, and single-family homes. Its primary revenue is generated from the sale of these developed residential units on its resort properties.
AHT
Ashford Hospitality Trust
$15.93Mn
2.46
-1.60%
-58.45%
Ashford Hospitality Trust is a real estate investment trust that owns a portfolio of 69 consolidated operating hotel properties. Its revenue is generated from hotel operations, including rooms revenue, food and beverage sales, and ancillary services like parking and spa services.
OPAD
Offerpad Solutions
$15.80Mn
3.27
+0.00%
-24.48%
Offerpad's primary business is the 'Cash Offer' segment, where it purchases homes directly from sellers for cash and resells them, which represents over 90% of its consolidated revenue. This tech-enabled home-trading (iBuying) model is explicitly listed under Real Estate Operators (R-19) and is not structured as a REIT.
LRE
2nd
Lead Real Estate
$15.55Mn
1.14
+4.59%
-32.54%
The company owns and operates income-producing residential real estate outside the REIT structure, leasing apartment units to individual customers in Japan and Dallas, Texas.
BRN
2nd
Barnwell Industries
$13.71Mn
0.95
+0.00%
-30.15%
The company operates a Land Investment Segment that holds interests in Hawaiian land for residential and resort development. Revenue is derived from the sale of residential lots and development rights through partnerships like Kaupulehu Developments and Kukio Resort.
PETZ
TDH Holdings
$13.42Mn
1.30
-5.11%
+19.27%
TDH Holdings owns and operates income-producing commercial real estate, including office and retail properties in Beijing and Missouri, but is described as a holding company rather than a REIT. Its revenue is generated chiefly from rental payments received under lease agreements with commercial tenants.
GEDC
TerraVolt Holdings
$12.87Mn
0.50
-5.66%
+16.28%
CalEthos focuses on the development of large-scale data center campuses, including land acquisition and site preparation. The company's business model involves delivering 'construction ready data center sites' and 'turnkey solutions' to developers and hyperscale providers.
IHT
2nd
Innsuites Hospitality Trust
$12.81Mn
1.37
-0.72%
-29.02%
The company is structured as a Trust that owns hotel real estate assets and is pursuing a strategy to sell these properties to realize the value of its real estate equity.
SLGB
2nd
Smart Logistics Global
$12.04Mn
0.28
-3.45%
—
The company owns and operates income-producing real estate through its Infrastructure Development segment, which includes a smart logistics park with 110,000 square meters of land featuring warehouses and cold chain storages.
ILAL
International Land Alliance
$11.17Mn
3.99
+0.00%
+2,247.06%
International Land Alliance is a residential land development company that acquires, subdivides, improves, and sells residential and commercial building plots. Its core business involves master-planned communities like Oasis Park Resort and Rancho Costa Verde, where it generates revenue from property and land sales.
MMCP
2nd
Mag Mile Capital
$10.01Mn
0.10
+0.00%
-60.00%
The company provides commercial mortgage brokerage and structured debt and equity advisory solutions for commercial property. It competes directly with commercial real estate services firms like JLL and Cushman & Wakefield.
CDIX
2nd
Cardiff Lexington
$8.36Mn
0.42
+0.00%
-90.67%
The company has a Real Estate segment operated by Edge View that owns residential and agricultural land intended for eventual sale, and it is not structured as a REIT.
WBSR
Webstar Technology
$8.11Mn
0.02
+0.00%
-33.33%
Webstar Technology is described as a specialty real estate development company focused on the planning and execution of mixed-use developments. Its primary activity is the development of the Forge Atlanta project, a 10-acre commercial and residential complex, with revenue expected from property sales and development.
THH
2nd
TryHard Holdings
$7.46Mn
1.53
-8.93%
-97.83%
The company has a dedicated Sub-Leasing segment where it partners with venue owners to sub-lease properties, invests in enhancing amenities, and operates these income-producing real estate assets outside a REIT structure.
AIRE
reAlpha Tech
$7.26Mn
1.35
-0.74%
-92.85%
The company provides residential realty services through reAlpha Realty, LLC and Prevu, serving individual homebuyers. It generates revenue from these residential transaction commissions and offers commission rebates to its customers.
GYRO
Gyrodyne
$7.04Mn
4.75
-1.86%
-51.92%
Gyrodyne's primary business is focused on pursuing entitlements, securing subdivision and site plan approvals, and preparing properties for sale to developers to maximize value. This activity of enhancing underdeveloped land through zoning and approvals for eventual sale is the core of real estate development.
KBSR
KBS Real Estate Investment Trust III
$5.94Mn
0.04
-42.86%
-86.67%
The company is a REIT that focuses on acquiring and managing core office properties throughout the United States. Its primary source of revenue is rental income generated from leasing these 12 office properties to tenants.
RENX
2nd
RenX Enterprises
$5.93Mn
2.27
-4.22%
-92.63%
The company maintains a real estate segment consisting of legacy holdings and appreciated properties, such as the Norman Berry McLean and Lago Vista projects, which it is currently monetizing.
NEN
New England Realty Associates Limited Partnership
$5.80Mn
50.00
+0.00%
-30.07%
The company owns and operates a diversified portfolio of residential apartments, condominiums, and commercial properties but is structured as a Limited Partnership rather than a REIT. It generates revenue through rental income from residential tenants in the Greater Boston area and commercial tenants in shopping centers and office buildings.
ZDPY
Zoned Properties
$5.54Mn
0.42
-2.33%
-8.70%
Zoned Properties focuses exclusively on a specialized property type—real estate licensed for cannabis cultivation, processing, and retail—which does not have a dedicated industry code. It generates its primary revenue from rental income collected on these niche commercial properties leased to cannabis operators.
SRRE
Sunrise Real Estate
$4.81Mn
0.07
+0.00%
-56.25%
The company is engaged in the planning, construction, and sale of residential projects, including villa-style housing and multi-unit developments. This activity is described as a core segment (Real Estate Development) and generates revenue through property sales.
BUDZ
2nd
Weed
$4.08Mn
0.03
+50.00%
-25.00%
The company has a dedicated Real Estate and Infrastructure segment focused on the acquisition and development of properties, such as its 43-acre New York waterfront site intended for a luxury resort and condominium complex.
GDHG
2nd
Golden Heaven Group Holdings
$2.96Mn
1.17
-0.85%
-84.40%
The company has shifted its business model to be a park lessor, receiving regular rental payments from third-party operator Fuzhou Yibang Amusement Park Co., Ltd. for the use of its experiential leisure real estate.
MKZR
MacKenzie Realty Capital
$2.74Mn
1.37
+0.00%
-72.92%
The company is a REIT that generates revenue from rental income from its portfolio of residential and commercial properties, specifically serving residential tenants in its apartment communities.
RMSG
Real Messenger
$2.67Mn
0.30
+3.45%
-88.24%
The company operates a digital-first real estate brokerage model and acquires profitable brokerage firms to generate gross commission income from real estate transactions. It serves real estate agents and their teams, providing the infrastructure for residential and commercial property sales.
PW
Power REIT
$2.59Mn
7.05
+2.17%
-34.11%
Power REIT owns a diversified portfolio of niche assets including railroad infrastructure leased to Norfolk Southern Railway and solar farm land leased to Regulus Solar LLC. Because these assets do not fit into the dedicated property-type REIT categories (like Office, Retail, or Industrial), they fall under Specialty REITs.
SQFT
Presidio Property Trust
$1.92Mn
1.34
+0.00%
-76.11%
Presidio Property Trust operates a diversified portfolio spanning commercial office, industrial, and model home properties. Because its business model is defined by a mix of these unrelated property types—specifically utilizing triple net arrangements for its model home segment and multi-tenant leases for others—it fits the Net Lease REIT profile for diversified single-tenant/net-lease structures across different property categories.
CMCT
Creative Media & Community Trust
$1.52Mn
1.92
-2.54%
-99.70%
The company's largest revenue contributor is its office segment, which accounted for 43.1% of total segment revenue. This segment consists of twelve Class A office properties totaling approximately 1.3 million rentable square feet leased to technology firms and professional services companies.
DREM
2nd
Dream Homes & Development
$1.46Mn
0.03
+0.00%
+50.00%
The company operates a 'Build to Lease' segment where it develops residential properties and retains ownership to generate long-term rental income, acting as a non-REIT real estate operator.
OMH
Ohmyhome
$1.17Mn
2.54
+3.67%
-96.00%
The company generates a significant portion of its revenue from brokerage services, where 'Super Agents' represent customers in the purchase, sale, rental, and lease of residential properties. This activity matches the residential brokerage model of facilitating home-sale transactions for commissions.
HBUV
Hubilu Venture
$1.05Mn
0.04
+0.00%
-96.92%
The company generates revenue through fee-based consulting and advisory services for real estate professionals and investors, specifically providing research, financial modeling, and investment evaluation. These services are provided to third-party clients to help them evaluate properties prior to purchase or leasing.
UK
Ucommune International
$897.52K
1.97
-2.96%
-80.48%
Ucommune International owns and operates income-producing flexible office spaces through a self-operated model, generating revenue from membership fees for desks and offices. It is not structured as a REIT, but rather as a real estate operator that leases space from landlords and subleases it to members.
MYCB
My City Builders
$741.35K
0.11
+0.00%
-87.06%
My City Builders owns and operates income-producing real estate, specifically low-income housing, outside of a REIT structure. It generates revenue from rental income collected on leased properties and the sale of renovated single-family homes.
CSUI
Cannabis Suisse
$706.81K
0.01
+0.00%
-50.00%
The company owns and operates income-producing real estate via a subleasing model but is not structured as a REIT. It generates revenue from rent paid by a third-party tenant occupying a subleased portion of a commercial building.
LRHC
La Rosa Holdings
$576.95K
2.49
-1.58%
-99.65%
The company's primary revenue is derived from commissions paid by home buyers and sellers transacting through its network of owned and franchised residential brokerage offices. It explicitly operates a Residential Real Estate Brokerage segment and competes with other residential brokerage firms like REMAX and eXp World Holdings.
GIPR
Generation Income Properties
$522.41K
0.37
-7.50%
-95.93%
Generation Income Properties is a REIT that specifically focuses on acquiring and managing properties 'net leased to high quality tenants,' with a business model centered on single-tenant net leased assets. Its revenue is generated principally from rental payments under net lease agreements where tenants bear responsibility for taxes, insurance, and maintenance.
FCHS
2nd
First Choice Healthcare Solutions
$329.58K
0.01
+0.00%
+0.00%
The company operates a segment called The Good Clinic Properties, Inc. which holds and manages leases for the physical locations of the clinics, earning rental income from the medical practices.
AOXY
Advanced Oxygen Technologies
$263.44K
0.08
+0.00%
-27.27%
The company's primary revenue is derived from owning and managing a commercial real estate property in Vojens, Denmark, which is leased to Circle K Denmark A/S. Because it is described as a holding company and does not state it is structured as a REIT, it falls under Real Estate Operators.
WHLR
Wheeler Real Estate Investment Trust
$232.90K
3.34
-18.34%
-99.97%
The company is a REIT that owns and operates sixty-two retail shopping centers, primarily grocery-anchored centers. Its revenue is generated through leasing these retail properties to tenants such as Kroger, Albertsons, and Publix.
UOKAF
Mdjm
$96.53K
0.23
+4.55%
-99.77%
MD UK focuses on the acquisition and development of properties like Fernie Castle and the Robin Hill Hotel to transform them into mixed-use cultural venues. The company is actively investing approximately $10 million in the Fernie Castle Oriental Landscape Project for future operation.
GBR
New Concept Energy
$3.80K
0.74
+2.78%
-28.85%
The company owns and operates income-producing real estate, including 190 acres of land and four buildings totaling 53,000 square feet, and generates rental income from commercial tenants. It is not structured as a REIT, making it a Real Estate Operator.
AVNI
2nd
Arvana
$0.00
0.00
—
-100.00%
The company pursues real estate development opportunities, specifically seeking to acquire and repurpose vacant commercial properties for new tenants, as evidenced by its memorandum of understanding to acquire FirstShot Centers, LLC.
CRDV
Community Redevelopment
$0.00
0.00
—
-100.00%
The company explicitly positions itself within the real estate redevelopment industry, focusing on building assets in secondary and tertiary value-added markets and opportunity zones. Its core mission is community-oriented real estate redeveloper targeting economic growth through revitalization.
EDGM
2nd
Edgemode
$0.00
0.00
—
-100.00%
The company owns and operates physical data center infrastructure for third-party use, specifically targeting hyperscale providers and enterprises for colocation, which aligns with the assets of a Data Center REIT.
FGNV
Forge Innovation Development
$0.00
0.00
—
-100.00%
The company's primary objective is commercial and residential land development, including the purchase, entitlement, and improvement of infrastructure for resale. It specifically identifies its strategy as identifying land parcels to be acquired and improved before resale to homeowners or commercial users.
RITR
Reitar Logtech Holdings
$0.00
0.00
—
-100.00%
The company provides commercial real estate services including asset management for logistics real estate, feasibility studies, and licensing. It generates revenue from asset management fees and consultancy fees for logistics property investors and owners.
RWAX
Tap Real Estate Technologies
$0.00
0.00
—
—
The company acquires and holds properties to increase balance sheet value and manages these real estate assets. Since it is not described as a REIT, it fits as a real estate operator that owns and operates income-producing real estate.
