REITReview of Trading Day 2024-05-01


REITReview gives a quick summary of the last trading day, in this case 2024-05-01. To search previous days or other data points, please use our REITAnalytics™ tool. This page is updated every trading day at 10pm PST. “RR” is our industry-specific rating and ranking system, REITRating™.


Dividends


REITs With Highest Dividend Yield

Symbol Dividend Yield* RR
Equity Commonwealth (EQC) 22.69% 6.7
Invesco Mortgage Capital, Inc. (IVR) 18.20% 6.3
Cherry Hill Mortgage Investment Corp. (CHMI) 17.24% 3.0
Orchid Island Capital, Inc. (ORC) 17.10% 5.6
AFC Gamma, Inc. (AFCG) 16.09% 4.0
Global Net Lease, Inc. (GNL) 15.90% 4.9
AGNC Investment Corp. (AGNC) 15.57% 3.3
Armour Residential REIT Inc. (ARR) 15.46% 6.0
NexPoint Real Estate Finance, Inc. (NREF) 15.44% 6.3
Ares Commercial Real Estate Corp (ACRE) 14.43% 4.6

*Forward Annualized


REITs With Upcoming Dividend Date

Symbol Ex-Dividend Date RR
Physicians Realty Trust (DOC) 2024-05-03 8.1
Easterly Government Properties, Inc. (DEA) 2024-05-08 7.0
Community Healthcare Trust (CHCT) 2024-05-09 7.5
JBG SMITH Properties (JBGS) 2024-05-09 6.7
Welltower, Inc. (WELL) 2024-05-10 7.7
Armour Residential REIT Inc. (ARR) 2024-05-14 6.0
UMH Properties, Inc. (UMH) 2024-05-14 6.7
Gladstone Commercial Corporation, Inc. (GOOD) 2024-05-16 6.4
Gladstone Land Corporation, Inc. (LAND) 2024-05-16 6.9
Highwoods Properties, Inc. (HIW) 2024-05-17 6.9


Stock Prices


Cheapest REIT Stocks

Symbol Closing Price RR
Wheeler Real Estate Investment Trust Inc (WHLR) $0.14 4.4
Power REIT (PW) $0.52 6.1
Presidio Property Trust (SQFT) $0.92 4.7
Ashford Hospitality Trust, Inc. (AHT) $1.22 2.9
Sotherly Hotels, Inc. (SOHO) $1.30 4.0
Innsuites Hospitality Trust (IHT) $1.39 5.1
Franklin Street Properties Corp. (FSP) $1.91 4.4
Office Properties Income Trust (OPI) $2.00 5.5
Diversified Healthcare Trust (DHC) $2.36 5.0
Braemar Hotels & Resorts, Inc (BHR) $2.69 6.5

Most Expensive REIT Stocks

Symbol Closing Price RR
Equinix, Inc. (EQIX) $695.33 8.5
Public Storage (PSA) $260.15 8.9
Essex Property Trust, Inc. (ESS) $245.47 8.2
Alexander's Inc. (ALX) $216.96 5.4
SBA Communications Corporation (SBAC) $189.12 6.8
AvalonBay Communities, Inc. (AVB) $187.93 8.5
American Tower Corp (AMT) $176.84 7.5
EastGroup Properties, Inc. (EGP) $156.86 9.2
Simon Property Group (SPG) $140.18 7.7
Extra Space Storage, Inc. (EXR) $138.70 8.6


Market Caps


Biggest 1 Day Market Cap Mover

Symbol % Price Change $ Price Change RR
Arlington Asset Investment Corp. (AAIC) 0.25% $283,604.0 N/A
Broadmark Realty Capital (BRMK) 0% $0.0 N/A

REITs With Highest Market Cap

Symbol Beta RR
Prologis, Inc. (PLD) $94,324,986,720 8.9
American Tower Corp (AMT) $82,577,546,817 7.5
Equinix, Inc. (EQIX) $65,792,819,930 8.5
Welltower, Inc. (WELL) $55,771,153,119 7.7
Realty Income Corp (O) $46,433,196,138 8.7
Public Storage (PSA) $45,742,035,580 8.9
Simon Property Group (SPG) $45,665,819,565 7.7
Digital Realty Trust (DLR) $43,111,440,058 8.1
Crown Castle International Corp. (CCI) $41,379,334,267 7.7
VICI Properties Inc. (VICI) $30,146,660,196 8.5


REITRating™


Top 10 REITs

Overall Score Symbol
9.5 Terreno Realty Corp. (TRNO)
9.2 EastGroup Properties, Inc. (EGP)
9.1 Rexford Industrial Realty, Inc. (REXR)
9.1 Agree Realty Corp. (ADC)
9.1 Essential Properties Realty Trust Inc (EPRT)
8.9 Prologis, Inc. (PLD)
8.9 AMH (AMH)
8.9 Public Storage (PSA)
8.9 Host Hotels & Resorts, Inc. (HST)
8.7 Realty Income Corp (O)

The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.



Price-to-FFO (P/FFO)


REITs With Highest P/FFO Multiples

Symbol Type Multiple RR
DigitalBridge Group, Inc. (DBRG) Core FFO 122.7 3.4
American Strategic Investment Co. (NYC) CORE FFO 78.33 N/A
Farmland Partners, Inc (FPI) FFO 69.56 5.2
Farmland Partners, Inc (FPI) AFFO 69.56 5.2
Veris Residential, Inc. (VRE) FFO 69.14 4.7
Monmouth Real Estate Investment Corp (MNR) FFO Core 44.64 N/A
Retail Properties of America, Inc (RPAI) FFO 44.3 N/A
DigitalBridge Group, Inc. (DBRG) Distributable Earnings 41.5 3.4
Arbor Realty Trust, Inc. (ABR) FFO 38.15 6.8
Arbor Realty Trust, Inc. (ABR) AFFO 38.15 6.8


Price-to-Earnings (P/E) Ratio


REITs With Highest P/E Ratio

Symbol P/E Ratio RR
Blackstone Mortgage Trust, Inc. (BXMT) 612.41 5.2
Consolidated-Tomoka Land Co. (CTO) 516.96 6.2
Sabra Health Care REIT, Inc. (SBRA) 235.70 7.3
AGNC Investment Corp. (AGNC) 179.26 3.3
NetSTREIT Corp. (NTST) 160.83 6.3
Welltower, Inc. (WELL) 143.91 7.7
Iron Mountain, Inc. (IRM) 124.62 6.8
Community Healthcare Trust (CHCT) 124.04 7.5
Vornado Realty Trust (VNO) 112.64 6.0
Alexandria Real Estate Equities, Inc. (ARE) 108.14 8.6


Beta


REITs With Highest Beta

Symbol Beta RR
SL Green Realty Corp (SLG) 2.50 5.3
Vornado Realty Trust (VNO) 2.36 6.0
Office Properties Income Trust (OPI) 2.35 5.5
Hudson Pacific Properties (HPP) 2.23 5.2
Outfront Media, Inc. (OUT) 2.21 5.6
Industrial Logistics Properties Trust (ILPT) 2.17 4.7
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) 2.15 5.8
Diversified Healthcare Trust (DHC) 2.02 5.0
DigitalBridge Group, Inc. (DBRG) 2.00 3.4
Uniti Group, Inc. (UNIT) 1.98 4.5

REITs With Lowest Beta

Symbol Beta RR
Wheeler Real Estate Investment Trust Inc (WHLR) -0.61 4.4
Modiv Inc. (MDV) -0.11 4.0
Global Self Storage, Inc. (SELF) 0.04 7.1
Manhattan Bridge Capital, Inc. (LOAN) 0.07 6.2
Generation Income Properties Inc. (GIPR) 0.16 4.7
Net Lease Office Properties (NLOP) 0.23 6.0
Equity Commonwealth (EQC) 0.33 6.7
Healthcare Trust, Inc. (HTIA) 0.48 1.7
Transcontinental Realty Investors, Inc. (TCI) 0.52 5.2
ACRES Commercial Realty Corp. (ACR) 0.53 4.8

REIT News Headlines

Symbol RR Headline
UNIT 4.5 Elme Communities Announces First Quarter 2024 Results
VNO 6.0 Vornado Realty Trust - Vornado Declares Quarterly Dividends On Preferred Shares
UNIT 4.5 AIR Communities - AIR Communities Earns Eleventh Denver Post Top Workplace Award
HPP 5.2 Hudson Pacific - Hudson Pacific Properties Reports First Quarter 2024 Financial Results
CTRE 8.6 CareTrust - CareTrust REIT Funds Mortgage Financing with Purchase Option on Tennessee Skilled Nursing Facilities; Reports Reloaded Pipeline of $260 Million and Q1 ATM Activity of $273 Million
ELS 7.5 Host Hotels & Resorts, Inc. Reports Results for the First Quarter 2024
INN 6.6 Summit Hotel Properties - SUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2024 RESULTS
OPI 5.5 Office Properties Income Trust - Office Properties Income Trust Announces Private Exchange Offers Relating to Existing Unsecured Senior Notes
MAA 8.5 Mid-America Apartment Communities Inc - MAA REPORTS FIRST QUARTER 2024 RESULTS
VICI 8.5 VICI Properties - VICI Properties Inc. Announces First Quarter 2024 Results
EPR 8.2 EPR Properties - EPR Properties Reports First Quarter 2024 Results
EQC 6.7 Equity Commonwealth - Equity Commonwealth Reports First Quarter 2024 Results
ACR 4.8 ACRES COMMERCIAL REALTY CORP. REPORTS RESULTS FOR FIRST QUARTER 2024
OPI 5.5 Office Properties Income Trust - Office Properties Income Trust Announces First Quarter 2024 Results
VICI 8.5 VICI Properties - VICI Properties Inc. Announces Agreement to Provide Capital for The Venetian Resort Las Vegas Through Its Partner Property Growth Fund
UE 7.2 Urban Edge - Urban Edge Properties Declares a Quarterly Common Dividend of $0.17 per Share
PLYM 7.7 Plymouth Industrial REIT Reports First Quarter 2024 Results
BNL 6.2 Broadstone - Broadstone Net Lease Announces First Quarter 2024 Results
VTR 6.9 Ventas - Ventas Reports 2024 First Quarter Results
NSA 7.0 National Storage Affiliates Trust Reports First Quarter 2024 Results

Last updated: 2024-05-01 - v1.3