Real estate, in the accounts
42 companies · each one's last fiscal year · from their SEC filings
Real estate has 42 companies with five or more years of accounts filed with the SEC. The median one grew revenue +8% in its last fiscal year and kept 14% of it as operating profit; a quarter of them kept more than 44%. The median return on invested capital is 8%, with the middle half of the sector between 5% and 10%. Net debt is 4.9 times EBITDA at the median company.
The companies
Largest first. Each figure is the company's last fiscal year, as filed; open a company for its ten years.
| Company | Revenue | Growth | Operating margin | FCF margin | ROIC | Net debt / EBITDA |
|---|---|---|---|---|---|---|
| WELL Welltower Inc. 2025 | 8.5B | +40% | — | 22% | — | — |
| PLD Prologis, Inc. 2025 | 8.8B | +7% | 50% | — | 5% | 4.9× |
| EQIX Equinix Inc 2025 | 9.2B | +5% | 20% | -4% | 11% | -0.1× |
| AMT American Tower Corp 2025 | 935.9M | +21% | — | 404% | 59% | 0.3× |
| SPG Simon Property Group Inc. 2025 | 6.4B | +7% | 50% | 50% | — | 6.0× |
| DLR Digital Realty Trust, Inc. 2025 | 6.1B | +10% | 11% | — | — | — |
| PSA Public Storage 2025 | 4.8B | +3% | 43% | — | 11% | 3.1× |
| O Realty Income Corp 2025 | 5.7B | +9% | 20% | 67% | — | — |
| VTR Ventas, Inc. 2025 | 5.8B | +18% | 14% | -22% | 3% | 5.6× |
| CBRE Cbre Group, Inc. 2025 | 39.9B | +13% | 4% | 3% | 10% | 1.3× |
| IRM Iron Mountain Inc 2025 | 6.9B | +12% | 17% | -13% | 5% | 7.4× |
| CCI Crown Castle Inc. 2025 | 215.0M | +12% | — | — | 8% | 9.8× |
| EXR Extra Space Storage Inc. 2025 | 129.5M | +7% | — | — | — | — |
| ESS Essex Property Trust, Inc. 2025 | 9.4M | -9% | — | — | — | — |
| SBAC SBA Communications Corp 2025 | 244.5M | +60% | — | 436% | 14% | 7.7× |
| INVH Invitation Homes Inc. 2025 | 2.7B | +4% | — | 43% | — | — |
| HST Host Hotels & Resorts, Inc. 2025 | 6.1B | +8% | 14% | 20% | 10% | 0.3× |
| OHI Omega Healthcare Investors Inc 2025 | 1.2B | +13% | 71% | 67% | 9% | 3.6× |
| DOC Healthpeak Properties, Inc. 2025 | 604.0M | +6% | 98% | 59% | 3% | 5.7× |
| MAA MID America Apartment Communities Inc. 2025 | 2.2B | +1% | 29% | 32% | — | — |
| REG Regency Centers Corp 2025 | 1.6B | +7% | 72% | — | — | 3.0× |
| CPT Camden Property Trust 2025 | 13.0M | +82% | — | — | — | — |
| FRT Federal Realty Investment Trust 2025 | 1.3B | +6% | 47% | — | — | 5.0× |
| CTRE CareTrust Reit, Inc. 2025 | 1.2M | — | — | — | 7% | 1.5× |
| COMP Compass, Inc. 2025 | 7.0B | +24% | -1% | 3% | — | — |
| MAC Macerich Co 2025 | 1.0B | +10% | — | — | — | — |
| HR Healthcare Realty Trust Inc 2025 | 28.2M | +47% | — | — | — | — |
| EPRT Essential Properties Realty Trust, Inc. 2025 | 561.2M | +25% | 64% | — | 5% | 4.9× |
| KRG Kite Realty Group Trust 2025 | 844.4M | +1% | — | 33% | — | — |
| KRC Kilroy Realty Corp 2025 | 19.1M | +9% | — | — | — | — |
| NMRK Newmark Group, Inc. 2025 | 2.8B | +22% | 8% | 5% | 8% | 1.1× |
| CWK Cushman & Wakefield Ltd. 2025 | 10.3B | +9% | 4% | 3% | 7% | 3.5× |
| OPEN Opendoor Technologies Inc. 2025 | 4.4B | -15% | -7% | 24% | — | — |
| SMA SmartStop Self Storage Reit, Inc. 2025 | 281.1M | +19% | 21% | — | — | — |
| RLJ RLJ Lodging Trust 2025 | 1.3B | -1% | 11% | 9% | 3% | 5.4× |
| HPP Hudson Pacific Properties, Inc. 2025 | 831.1M | -1% | -51% | — | — | — |
| MMI Marcus & Millichap, Inc. 2025 | 755.2M | +8% | -2% | 8% | — | — |
| NXRT NexPoint Residential Trust, Inc. 2025 | 251.3M | -3% | 11% | — | — | 12.8× |
| INN Summit Hotel Properties, Inc. 2025 | 729.5M | -0% | 9% | 10% | 3% | 6.3× |
| CMTG Claros Mortgage Trust, Inc. 2025 | 187.8M | -24% | — | — | — | — |
| OPENW Opendoor Technologies Inc. 2025 | 4.4B | -15% | -7% | 24% | — | — |
| OPENL Opendoor Technologies Inc. 2025 | 4.4B | -15% | -7% | 24% | — | — |
Other sectors
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Signed in, the risk tab groups your holdings with this same classification: how much money and how much risk sits in each sector, and each company against its sector's median.
Sectors are grouped from each company's SEC industry code — our own grouping of public data, not the GICS classification. Only companies that file their accounts with the US Securities and Exchange Commission are covered: their filings are public, so they can be shown to anyone. A European share or an ETF files elsewhere, and is not here. Nothing on these pages is a recommendation to buy or sell anything.