Specialty REITs cheapest against their own PE history

Ranked

73

of 164 specialty REITs we cover

Median

40th pct

Lowest

0th pct

EQIX

Range

0th pct to 98th pct

#	Company	PE vs its 10 years	PE	Its 10y median PE	Market cap
1	EQIXEquinix	0th pct	61.5×	97.9×	$94.2B
2	SAFESafehold	0th pct	6.9×	14.7×	$795.3M
3	CHCTCommunity Healthcare Trust	0th pct	19.4×	95.0×	$372.5M
4	LOANManhattan Bridge Capital	1st pct	8.3×	12.4×	$39.5M
5	ELSEquity Lifestyle Properties	1st pct	29.5×	43.1×	$11.8B
6	GLPIGaming & Leisure Properties	1st pct	11.6×	19.3×	$11.5B
7	ALXAlexanders	1st pct	7.5×	25.1×	$1.3B
8	UDRUDR	1st pct	22.8×	78.4×	$11.5B
9	KRGKite Realty Group Trust	1st pct	15.2×	126×	$4.9B
10	CTRECareTrust REIT	1st pct	23.0×	33.5×	$8.7B
11	AMTAmerican Tower	2nd pct	26.0×	55.9×	$88.1B
12	IVRInvesco Mortgage Capital	3rd pct	3.7×	7.4×	$596.3M
13	SBACSBA Communications	4th pct	19.9×	81.2×	$19.6B
14	ADAMAdamas Trust	4th pct	4.6×	9.7×	$702M
15	PMTPennyMac Mortgage Investment Trust	6th pct	5.0×	11.1×	$613.9M
16	MFAMFA Financial	8th pct	6.5×	10.1×	$673.2M
17	EPREPR Properties	11th pct	17.9×	22.1×	$4.3B
18	AGNCAGNC Investment	12th pct	4.7×	8.5×	$10.5B
19	UHTUniversal Health Realty Income Trust	12th pct	27.1×	34.5×	$523.6M
20	ARIApollo Commercial Real Estate Finance	12th pct	8.0×	11.9×	$823.1M
21	WPCW. P. Carey	13th pct	21.8×	26.7×	$14.6B
22	FRTFederal Realty Investment Trust	14th pct	22.0×	32.3×	$9.4B
23	DRHDiamondRock Hospitality	15th pct	19.1×	24.3×	$2.8B
24	OHIOmega Healthcare Investors	17th pct	16.7×	25.6×	$14B
25	STAGSTAG Industrial	17th pct	28.0×	36.6×	$7B
26	OLPOne Liberty Properties	17th pct	14.2×	17.6×	$487.8M
27	FRFirst Industrial Realty Trust	22nd pct	19.9×	24.9×	$7.2B
28	NNNNNN REIT	25th pct	20.5×	25.9×	$8B
29	EGPEastgroup Properties	25th pct	34.9×	38.3×	$10.7B
30	CUBECubeSmart	27th pct	27.7×	35.9×	$9B
31	DXDynex Capital	30th pct	4.2×	4.9×	$2.7B
32	CPTCamden Property Trust	32nd pct	33.8×	43.2×	$10.3B
33	LTCLTC Properties	32nd pct	16.0×	17.7×	$2.4B
34	CCICrown Castle	33rd pct	43.6×	78.2×	$36.6B
35	NHINational Health Investors	33rd pct	19.4×	21.4×	$3.3B
36	BXPBXP	36th pct	33.4×	37.3×	$9.9B
37	ADCAgree Realty	40th pct	35.9×	37.0×	$8.3B
38	AKRAcadia Realty Trust	41st pct	52.2×	57.6×	$2.6B
39	MITTTPG Mortgage Investment Trust	41st pct	7.4×	8.5×	$173M
40	OUTOUTFRONT Media	41st pct	22.3×	25.0×	$5.5B
41	VMRKVivmark Residential	44th pct	55.3×	57.3×	$47.3B
42	WYWeyerhaeuser	44th pct	29.5×	31.5×	$14B
43	HSTHost Hotels & Resorts	44th pct	16.6×	17.1×	$16.9B
44	CDPCopt Defense Properties	45th pct	23.6×	24.4×	$3.8B
45	NLYAnnaly Capital Management	48th pct	4.6×	4.6×	$13.8B
46	CHMICherry Hill Mortgage Investment	51st pct	14.2×	14.0×	$94.6M
47	CTOCTO Realty Growth	51st pct	14.5×	14.0×	$741.5M
48	CSRCenterspace	52nd pct	45.6×	44.7×	$956.8M
49	BFSSaul Centers	53rd pct	30.3×	29.7×	$725.4M
50	DEAEasterly Government Properties	53rd pct	113×	103×	$1.1B
51	BRXBrixmor Property	55th pct	20.0×	19.4×	$8.6B
52	KRCKilroy Realty	56th pct	26.2×	24.6×	$4.3B
53	DLRDigital Realty Trust	57th pct	83.3×	69.1×	$63.8B
54	RYNRayonier	58th pct	41.4×	34.6×	$5.5B
55	KIMKimco Realty	62nd pct	27.8×	25.5×	$15.8B
56	IRMIron Mountain	68th pct	78.5×	47.1×	$32.7B
57	IVTInvenTrust Properties	71st pct	150×	35.1×	$2.3B
58	DOCHealthpeak Properties	72nd pct	55.0×	40.7×	$13.3B
59	AATAmerican Assets Trust	73rd pct	73.7×	54.8×	$1.3B
60	IRTIndependence Realty Trust	74th pct	83.1×	50.4×	$3.5B
61	LAMRLamar Advertising	75th pct	28.3×	24.4×	$15.7B
62	APLEApple Hospitality REIT	81st pct	24.4×	21.2×	$4.3B
63	CXWCoreCivic	81st pct	24.0×	15.2×	$3B
64	LXPLXP Industrial Trust	82nd pct	61.1×	26.0×	$3.6B
65	IORIncome Opportunity Realty Investors	83rd pct	19.1×	15.2×	$71.6M
66	CLDTChatham Lodging Trust	85th pct	175×	32.8×	$653.3M
67	SBRASabra Health Care REIT	86th pct	75.2×	26.7×	$5B
68	RHPRyman Hospitality Properties	89th pct	32.0×	21.7×	$8.2B
69	RITMRithm Capital	90th pct	15.7×	7.8×	$5.2B
70	STWDStarwood Property Trust	96th pct	21.3×	15.2×	$4.7B
71	ESBAEmpire State Realty OP	97th pct	159×	40.7×	$106.2M
72	BXMTBlackstone Mortgage Trust	97th pct	118×	14.0×	$1.8B
73	ABRArbor Realty Trust	98th pct	41.7×	9.1×	$544.7M

Not ranked: 57 with no PE (losses over the last year), 24 with under ten years of history. 10 companies whose data behind this number has a caveat are left out until it is checked.

A ranking of numbers, not a recommendation. A low multiple can be a bargain or a business in trouble: open the company to see which.