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Diversified REITs

The 10 companies in this industry listed on the NYSE and Nasdaq are worth $4.0 bn combined; the largest are American Assets Trust, Inc. (AAT), ALEXANDERS INC (ALX) and JBG SMITH Properties (JBGS). For each one: what it does, revenue, margin, free cash flow over the last five years and a score from 0 to 10.

Data as of October 2026

Open contest
10 companies value 4.0 bn revenue 1.6 bn margin — free cash flow — avg. score 2.7
AAT holds 31.7% of the group's value, 1.1x the runner-up
Rank Ticker Company Share Value Revenue Margin FCF 5 years FCF/px Yield What it does · why it is here
1 AAT American Assets Trust, Inc.
United States · score 4.3
32% 1.3 bn 0.4 bn 12.7% 0.1 bn 7.0% 8.3% Diversified REIT of offices, retail and multifamily · California — assets of $2.9bn
2 ALX ALEXANDERS INC
United States · score 6.6
30% 1.2 bn 0.2 bn 79.1% 0.0 bn 2.3% 7.8% New York real estate, managed by Vornado · New Jersey — assets of $1.2bn
3 JBGS JBG SMITH Properties
United States · score 2.4
20% 0.8 bn 0.5 bn -29.9% 0.1 bn 7.5% 5.2% Mixed-use REIT in the Washington, DC area · Maryland — assets of $4.3bn
4 AHRT AH Realty Trust, Inc.
United States · score 2.9
11% 0.4 bn 0.2 bn -17.0% 0.1 bn 19.0% 18.0% Retail and office properties in the US Mid-Atlantic and Southeast, exiting multifamily · Virginia — assets of $1.9bn
5 NXDT NEXPOINT DIVERSIFIED REAL ESTATE TRUST
United States · score 0.0
7% 0.3 bn 0.1 bn -94.2% 0.0 bn -1.2% 2.6% Diversified value-add REIT · Texas — assets of $1bn
6 CMCT Creative Media & Community Trust Corp
United States · score 0.0
0% 0.0 bn 0.1 bn -37.0% -0.0 bn -100.5% — REIT of offices, hotels and lending · Texas — assets of $783m
7 MKZR MacKenzie Realty Capital, Inc.
United States · score 0.0
0% 0.0 bn 0.0 bn -70.6% 0.0 bn -97.3% — Investing in real estate assets and illiquid securities · California — assets of $235m
8 SQFT Presidio Property Trust, Inc.
United States · score 2.6
0% 0.0 bn 0.0 bn -54.3% 0.0 bn 132.3% — Offices, industrial, retail and model homes leased to homebuilders, in the US · California — assets of $107m
9 MDRR Medalist Diversified, Inc.
United States · score 4.4
0% 0.0 bn 0.0 bn 73.9% 0.0 bn -3.5% — Small diversified REIT · Virginia — assets of $58m
10 PW Power REIT
United States · score 3.4
0% 0.0 bn 0.0 bn -56.0% 0.0 bn 60.8% — REIT of transportation, energy and controlled-agriculture assets · New York — assets of $26m

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What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.

The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.

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