Specialty REITs with the fastest revenue growth

Ranked

117

of 164 specialty REITs we cover

Median

+4.3%

Highest

+59.8%

LTC

Range

−58.6% to +59.8%

#	Company	Revenue growth	Net margin	Price to sales	Market cap
1	LTCLTC Properties	+59.8%	38.9%	6.8×	$2.4B
2	CTRECareTrust REIT	+53.0%	62.2%	15.1×	$8.7B
3	FBRTFranklin BSP Realty Trust	+42.5%	20.5%	1.7×	$518.2M
4	HHHHoward Hughes	+34.0%	12.3%	1.8×	$4.2B
5	PINEAlpine Income Property Trust	+31.9%	16.5%	3.8×	$289.9M
6	NTSTNETSTREIT	+27.1%	9.2%	9.2×	$2.2B
7	BHMBluerock Homes Trust	+24.8%	−2.8%	0.4×	$32.9M
8	CXWCoreCivic	+24.3%	5.1%	1.2×	$3B
9	NHINational Health Investors	+23.9%	38.6%	7.6×	$3.3B
10	EPRTEssential Properties Realty Trust	+22.3%	43.5%	9.4×	$5.8B
11	PSTLPostal Realty Trust	+22.0%	16.4%	6.3×	$662.8M
12	LANDGLADSTONE LAND	+21.6%	−7.3%	4.3×	$382.6M
13	SMASmartStop Self Storage REIT	+21.1%	9.4%	6.4×	$2B
14	AHRAmerican Healthcare REIT	+19.0%	5.2%	4.9×	$11.6B
15	STRWStrawberry Fields REIT	+18.3%	5.3%	1.1×	$179.4M
16	ADCAgree Realty	+18.2%	28.8%	10.6×	$8.3B
17	DLRDigital Realty Trust	+17.4%	11.8%	9.4×	$63.8B
18	IRMIron Mountain	+17.4%	5.5%	4.3×	$32.7B
19	SBRASabra Health Care REIT	+17.3%	7.6%	5.8×	$5B
20	OHIOmega Healthcare Investors	+15.0%	67.0%	10.9×	$14B
21	PMTPennyMac Mortgage Investment Trust	+14.6%	47.8%	1.8×	$613.9M
22	CTOCTO Realty Growth	+14.3%	32.6%	4.6×	$741.5M
23	DEAEasterly Government Properties	+13.0%	2.9%	3.0×	$1.1B
24	RHPRyman Hospitality Properties	+12.2%	9.9%	3.0×	$8.2B
25	SAFESafehold	+12.1%	27.7%	1.9×	$795.3M
26	CUZCousins Properties	+11.9%	0.6%	4.6×	$4.8B
27	STWDStarwood Property Trust	+11.8%	11.4%	2.3×	$4.7B
28	EGPEastgroup Properties	+11.0%	40.5%	14.2×	$10.7B
29	MPTMedical Properties Trust	+10.6%	−3.0%	1.6×	$1.6B
30	IVTInvenTrust Properties	+10.5%	4.8%	7.4×	$2.3B
31	FCPTFour Corners Property Trust	+9.6%	38.7%	7.9×	$2.4B
32	EQIXEquinix	+9.6%	15.6%	9.6×	$94.2B
33	STAGSTAG Industrial	+9.6%	28.1%	8.0×	$7B
34	CBLCBL & Associates Properties	+9.0%	37.0%	2.6×	$1.5B
35	WPCW. P. Carey	+9.0%	36.3%	8.1×	$14.6B
36	BFSSaul Centers	+8.7%	11.5%	2.4×	$725.4M
37	SLGSL Green Realty	+8.5%	−16.9%	3.4×	$3.6B
38	FRFirst Industrial Realty Trust	+8.4%	48.0%	9.5×	$7.2B
39	UMHUMH Properties	+8.4%	11.5%	4.9×	$1.3B
40	REGRegency Centers	+8.2%	34.4%	8.4×	$13.5B
41	PECOPhillips Edison	+8.1%	19.1%	6.6×	$4.9B
42	XRNChiron Real Estate	+8.0%	37.8%	2.6×	$397.1M
43	FRTFederal Realty Investment Trust	+8.0%	32.7%	7.1×	$9.4B
44	BNLBroadstone Net Lease	+7.7%	30.6%	7.0×	$3.3B
45	OUTOUTFRONT Media	+7.6%	12.7%	2.8×	$5.5B
46	AMTAmerican Tower	+6.6%	31.1%	8.0×	$88.1B
47	NNNNNN REIT	+6.5%	40.4%	8.4×	$8B
48	BRXBrixmor Property	+5.8%	30.8%	6.2×	$8.6B
49	GLPIGaming & Leisure Properties	+5.8%	58.5%	7.0×	$11.5B
50	CHCTCommunity Healthcare Trust	+5.7%	16.8%	3.0×	$372.5M
51	DOCHealthpeak Properties	+5.5%	8.2%	4.5×	$13.3B
52	SBACSBA Communications	+5.4%	34.5%	6.8×	$19.6B
53	TCITranscontinental Realty Investors	+5.3%	16.1%	8.5×	$425.1M
54	HSTHost Hotels & Resorts	+4.9%	16.5%	2.7×	$16.9B
55	CDPCopt Defense Properties	+4.5%	20.9%	4.9×	$3.8B
56	EPREPR Properties	+4.5%	35.5%	5.8×	$4.3B
57	KIMKimco Realty	+4.4%	27.8%	7.2×	$15.8B
58	LAMRLamar Advertising	+4.4%	23.9%	6.8×	$15.7B
59	AMHAmerican Homes 4 Rent	+4.3%	25.5%	6.1×	$11.5B
60	CUBECubeSmart	+3.9%	29.3%	8.0×	$9B
61	IRTIndependence Realty Trust	+3.5%	6.5%	5.3×	$3.5B
62	HIWHighwoods Properties	+3.0%	20.8%	4.0×	$3.4B
63	VMRKVivmark Residential	+2.8%	28.0%	15.1×	$47.3B
64	ELSEquity Lifestyle Properties	+2.5%	26.6%	7.6×	$11.8B
65	PEBPebblebrook Hotel Trust	+2.1%	−3.1%	1.5×	$2.3B
66	ESRTEmpire State Realty Trust	+2.0%	1.2%	1.1×	$867.4M
67	ESBAEmpire State Realty OP	+2.0%	1.2%	0.1×	$106.2M
68	SUISun Communities	+2.0%	−39.0%	6.6×	$14.6B
69	BXPBXP	+1.9%	8.4%	2.8×	$9.9B
70	UDRUDR	+1.5%	30.4%	6.7×	$11.5B
71	VNOVornado Realty Trust	+1.4%	3.7%	3.6×	$6.5B
72	MACMacerich	+1.3%	−16.8%	6.8×	$6.8B
73	INNSummit Hotel Properties	+1.2%	−3.3%	1.0×	$744.2M
74	BRTBRT Apartments	+1.2%	−13.2%	2.5×	$248.8M
75	APLEApple Hospitality REIT	+1.2%	12.2%	3.0×	$4.3B
76	RLJRLJ Lodging Trust	+1.1%	2.0%	1.3×	$1.8B
77	LINELineage	+1.0%	−3.1%	1.5×	$8.1B
78	DRHDiamondRock Hospitality	+1.0%	13.5%	2.5×	$2.8B
79	MAAMID America Apartment Communities	+0.8%	18.2%	6.3×	$13.9B
80	DEIDouglas Emmett	+0.8%	−2.3%	1.7×	$1.7B
81	UHTUniversal Health Realty Income Trust	+0.8%	19.4%	5.3×	$523.6M
82	CSRCenterspace	+0.7%	7.2%	3.6×	$956.8M
83	REXRRexford Industrial Realty	+0.5%	−39.2%	8.7×	$8.6B
84	BDNBrandywine Realty Trust	+0.5%	−28.6%	1.0×	$515M
85	RYNRayonier	+0.4%	7.8%	5.7×	$5.5B
86	COLDAmericold Realty Trust	−0.2%	−17.4%	1.6×	$4.1B
87	NXRTNexPoint Residential Trust	−0.5%	−13.2%	1.9×	$479.3M
88	JBGSJBG SMITH Properties	−1.1%	−29.9%	1.7×	$863.3M
89	NHPNational Healthcare Properties	−1.2%	−13.0%	3.3×	$1.1B
90	ALXAlexanders	−1.5%	79.1%	5.9×	$1.3B
91	CLPRClipper Realty	−1.7%	−8.4%	0.3×	$49.6M
92	WYWeyerhaeuser	−2.6%	6.9%	2.1×	$14B
93	TRTXTPG RE Finance Trust	−2.6%	40.2%	3.3×	$482.1M
94	AATAmerican Assets Trust	−2.9%	5.4%	3.0×	$1.3B
95	CLDTChatham Lodging Trust	−3.1%	4.0%	2.2×	$653.3M
96	ACRACRES Commercial Realty	−3.4%	17.5%	1.0×	$83.4M
97	KRCKilroy Realty	−3.6%	1.7%	4.0×	$4.3B
98	BHRBraemar Hotels & Resorts	−3.8%	−0.5%	0.1×	$96.8M
99	LXPLXP Industrial Trust	−4.2%	18.7%	10.4×	$3.6B
100	CCICrown Castle	−4.6%	20.7%	8.8×	$36.6B

The first 100 of 117.

Not ranked: 17 with a quarter missing, 12 with under $50M of revenue, 8 with not a meaningful number. 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.