Evenly matched
18 companies value 40 bn revenue 15 bn margin — free cash flow — avg. score 4.3
BXP holds 23.2% of the group's value, 1.5x the runner-up
| Rank | Ticker | Company | Share | Value | Revenue | Margin | FCF | 5 years | FCF/px | Yield | What it does · why it is here |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | BXP | BXP Inc. United States · score 7.0 | 23% | 9.3 bn | 3.5 bn | 8.4% | 1.1 bn | 12.3% | 5.9% | REIT of premier office properties · Largest US REIT of premium offices. Sector still pressured by hybrid work | |
| 2 | VNO | Vornado Realty Trust United States · score 5.3 | 15% | 6.0 bn | 1.8 bn | 3.7% | 0.4 bn | 6.5% | 2.4% | Office and retail REIT in New York · Premium offices in New York, concentrated in Manhattan | |
| 3 | CUZ | Cousins Properties United States · score 5.4 | 11% | 4.5 bn | 1.0 bn | 0.6% | 0.2 bn | 3.7% | 4.8% | Office REIT in the Sun Belt · Class A offices in the Sun Belt, a region gaining companies and population | |
| 4 | KRC | Kilroy Realty United States · score 5.8 | 10% | 4.0 bn | 1.1 bn | 0.0% | 0.4 bn | 9.5% | 6.5% | Office REIT on the West Coast · Modern West Coast offices, with a strong life-sciences presence | |
| 5 | CDP | COPT DEFENSE PROPERTIES United States · score 6.5 | 9% | 3.7 bn | 0.8 bn | 21.9% | 0.3 bn | 8.6% | 3.8% | REIT of properties next to US government defense installations · Maryland — assets of $4.5bn | |
| 6 | SLG | SL GREEN REALTY CORP United States · score 3.6 | 8% | 3.2 bn | 1.0 bn | -16.9% | 0.1 bn | 2.9% | 5.5% | Commercial offices in Manhattan · New York — assets of $11.8bn | |
| 7 | HIW | HIGHWOODS PROPERTIES, INC. United States · score 6.3 | 8% | 3.1 bn | 0.8 bn | 20.8% | 0.4 bn | 12.2% | 7.0% | Office REIT in the US Southeast · North Carolina — assets of $6.5bn | |
| 8 | DEI | Douglas Emmett Inc United States · score 4.7 | 4% | 1.6 bn | 1.0 bn | -2.3% | 0.2 bn | 11.3% | 8.0% | Integrated, self-managed office REIT · California — assets of $9.6bn | |
| 9 | PDM | Piedmont Realty Trust, Inc. United States · score 3.7 | 3% | 1.1 bn | 0.6 bn | -14.2% | 0.2 bn | 16.0% | 0.0% | REIT of Class A offices in the Sunbelt · Georgia — assets of $4bn | |
| 10 | DEA | Easterly Government Properties, Inc. United States · score 6.8 | 3% | 1.0 bn | 0.4 bn | 2.9% | 0.3 bn | 26.5% | 8.5% | REIT of Class A properties leased to US government agencies · Washington, DC — assets of $3.4bn | |
| 11 | ESRT | Empire State Realty Trust, Inc. United States · score 4.8 | 2% | 0.8 bn | 0.8 bn | 1.2% | 0.1 bn | 13.0% | 3.0% | REIT of offices, retail and multifamily in New York · New York — assets of $4.3bn | |
| 12 | HPP | Hudson Pacific Properties, Inc. United States · score 3.9 | 1% | 0.5 bn | 0.8 bn | -72.9% | 0.1 bn | 26.3% | 0.1% | REIT of properties for technology and media companies · California — assets of $7.2bn | |
| 13 | BDN | BRANDYWINE REALTY TRUST United States · score 2.3 | 1% | 0.5 bn | 0.5 bn | -28.6% | 0.1 bn | 26.8% | 0.1% | REIT of offices, labs and mixed-use properties · Pennsylvania — assets of $3.5bn | |
| 14 | OPI | OFFICE PROPERTIES INCOME TRUST United States · score 0.0 | 1% | 0.3 bn | 0.4 bn | -73.0% | -0.0 bn | -10.8% | 0.3% | REIT of offices leased to creditworthy tenants · Massachusetts — assets of $2.4bn | |
| 15 | ONL | Orion Properties Inc. United States · score 4.3 | 0% | 0.1 bn | 0.1 bn | -65.7% | 0.0 bn | 20.2% | 4.0% | REIT of single-tenant suburban offices · Arizona — assets of $1.1bn | |
| 16 | NLOP | Net Lease Office Properties United States · score 4.1 | 0% | 0.1 bn | 0.1 bn | -59.8% | 0.1 bn | 33.7% | 0.2% | Single-tenant office properties being sold off gradually, with special dividends to shareholders · New York — assets of $201m | |
| 17 | FSP | FRANKLIN STREET PROPERTIES CORP /MA/ United States · score 0.0 | 0% | 0.0 bn | 0.1 bn | -39.4% | 0.0 bn | -12.5% | 7.9% | Office REIT · Massachusetts — assets of $865m | |
| 18 | NYC | American Strategic Investment Co. United States · score 3.3 | 0% | 0.0 bn | 0.0 bn | 38.9% | 0.0 bn | -15.1% | — | Commercial real estate in New York, mainly in Manhattan · Rhode Island — assets of $445m |
Other industries in the same sector
- Sector overview
- Health care REITs 16 companies
- Data center REITs 4 companies
- Industrial and logistics REITs 8 companies
- Retail and monthly-dividend REITs 7 companies
- Cell tower REITs 4 companies
- Real estate services 51 companies
- Residential REITs 14 companies
- Self-storage REITs 5 companies
- Neighborhood shopping center REITs 14 companies
- Hotel REITs 15 companies
- Casino and specialty REITs 4 companies
- Diversified net lease REITs 14 companies
and 9 industries more
- Records and hybrid data center REITs 1 company
- Manufactured housing and RV park REITs 3 companies
- Single-family rental REITs 2 companies
- Outdoor advertising REITs 3 companies
- Life science REITs 2 companies
- Timberland REITs 2 companies
- Cold storage REITs 2 companies
- Diversified REITs 10 companies
- Farmland REITs 2 companies
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.
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.