Real estate stocks with the highest profit margins

Ranked

159

of 226 real estate stocks we cover

Median

11.5%

Highest

79.1%

ALX

Range

−94.2% to 79.1%

#	Company	Net margin	Operating margin	Revenue growth (TTM)	Market cap
1	ALXAlexanders, REIT - Specialty	79.1%	n/m	−1.5%	$1.3B
2	TRNOTerreno Realty, Real Estate - Services	77.3%	n/m	+18.0%	$7.1B
3	VICIVICI Properties, REIT - Diversified	67.5%	n/m	+4.4%	$26.2B
4	OHIOmega Healthcare Investors, REIT - Specialty	67.0%	n/m	+15.0%	$14B
5	MRPMillrose Properties, Real Estate - Services	62.6%	85.1%	n/m	$4B
6	CTRECareTrust REIT, REIT - Specialty	62.2%	n/m	+53.0%	$8.7B
7	GLPIGaming & Leisure Properties, REIT - Specialty	58.5%	n/m	+5.8%	$11.5B
8	ARIApollo Commercial Real Estate Finance, REIT - Specialty	55.5%	n/m	−14.7%	$823.1M
9	IIPRInnovative Industrial Properties, Real Estate - Services	52.3%	51.4%	−8.4%	$1.5B
10	FPIFarmland Partners, REIT - Specialty	49.8%	n/m	−6.4%	$447.2M
11	FRFirst Industrial Realty Trust, REIT - Specialty	48.0%	n/m	+8.4%	$7.2B
12	PMTPennyMac Mortgage Investment Trust, REIT - Specialty	47.8%	n/m	+14.6%	$613.9M
13	PLDPrologis, REIT - Industrial	45.5%	n/m	+7.2%	$118B
14	FPHFive Point Holdings, LLC, Real Estate - Services	45.3%	−5.3%	−39.1%	$621.1M
15	EPRTEssential Properties Realty Trust, REIT - Specialty	43.5%	n/m	+22.3%	$5.8B
16	EFCEllington Financial, Real Estate - Services	42.6%	n/m	+44.8%	$1.5B
17	GTYGetty Realty, Real Estate - Services	42.4%	63.5%	+12.3%	$1.9B
18	KRGKite Realty Group Trust, REIT - Specialty	41.8%	n/m	−5.6%	$4.9B
19	PSAPublic Storage, REIT - Industrial	41.8%	n/m	+3.0%	$54.4B
20	EGPEastgroup Properties, REIT - Specialty	40.5%	n/m	+11.0%	$10.7B
21	NNNNNN REIT, REIT - Specialty	40.4%	n/m	+6.5%	$8B
22	TRTXTPG RE Finance Trust, REIT - Specialty	40.2%	n/m	−2.6%	$482.1M
23	LTCLTC Properties, REIT - Specialty	38.9%	n/m	+59.8%	$2.4B
24	FCPTFour Corners Property Trust, REIT - Specialty	38.7%	n/m	+9.6%	$2.4B
25	NHINational Health Investors, REIT - Specialty	38.6%	n/m	+23.9%	$3.3B
26	XRNChiron Real Estate, REIT - Specialty	37.8%	n/m	+8.0%	$397.1M
27	CBLCBL & Associates Properties, REIT - Specialty	37.0%	n/m	+9.0%	$1.5B
28	WPCW. P. Carey, REIT - Specialty	36.3%	n/m	+9.0%	$14.6B
29	EPREPR Properties, REIT - Specialty	35.5%	n/m	+4.5%	$4.3B
30	SBACSBA Communications, REIT - Specialty	34.5%	n/m	+5.4%	$19.6B
31	REGRegency Centers, REIT - Specialty	34.4%	n/m	+8.2%	$13.5B
32	FRTFederal Realty Investment Trust, REIT - Specialty	32.7%	n/m	+8.0%	$9.4B
33	CTOCTO Realty Growth, REIT - Specialty	32.6%	n/m	+14.3%	$741.5M
34	AMTAmerican Tower, REIT - Specialty	31.1%	n/m	+6.6%	$88.1B
35	BRXBrixmor Property, REIT - Specialty	30.8%	n/m	+5.8%	$8.6B
36	BNLBroadstone Net Lease, REIT - Specialty	30.6%	n/m	+7.7%	$3.3B
37	UDRUDR, REIT - Specialty	30.4%	n/m	+1.5%	$11.5B
38	CUBECubeSmart, REIT - Specialty	29.3%	n/m	+3.9%	$9B
39	ADCAgree Realty, REIT - Specialty	28.8%	n/m	+18.2%	$8.3B
40	STAGSTAG Industrial, REIT - Specialty	28.1%	n/m	+9.6%	$7B
41	VMRKVivmark Residential, REIT - Specialty	28.0%	n/m	+2.8%	$47.3B
42	EXRExtra Space Storage, REIT - Industrial	27.8%	n/m	+4.2%	$30.3B
43	KIMKimco Realty, REIT - Specialty	27.8%	n/m	+4.4%	$15.8B
44	SAFESafehold, REIT - Specialty	27.7%	n/m	+12.1%	$795.3M
45	ELSEquity Lifestyle Properties, REIT - Specialty	26.6%	n/m	+2.5%	$11.8B
46	AMHAmerican Homes 4 Rent, REIT - Specialty	25.5%	n/m	+4.3%	$11.5B
47	LAMRLamar Advertising, REIT - Specialty	23.9%	n/m	+4.4%	$15.7B
48	INVHInvitation Homes, Real Estate - Services	23.1%	n/m	+6.7%	$16.3B
49	JOEST JOE, Real Estate - Development	22.5%	30.2%	+28.4%	$3.8B
50	ESSEssex Property Trust, REIT - Residential	21.5%	n/m	+4.7%	$17.9B
51	CDPCopt Defense Properties, REIT - Specialty	20.9%	n/m	+4.5%	$3.8B
52	ORealty Income, REIT - Retail	20.9%	n/m	+10.9%	$53.8B
53	HIWHighwoods Properties, REIT - Specialty	20.8%	n/m	+3.0%	$3.4B
54	CCICrown Castle, REIT - Specialty	20.7%	n/m	−4.6%	$36.6B
55	FBRTFranklin BSP Realty Trust, REIT - Specialty	20.5%	n/m	+42.5%	$518.2M
56	UHTUniversal Health Realty Income Trust, REIT - Specialty	19.4%	n/m	+0.8%	$523.6M
57	PECOPhillips Edison, REIT - Specialty	19.1%	n/m	+8.1%	$4.9B
58	LXPLXP Industrial Trust, REIT - Specialty	18.7%	n/m	−4.2%	$3.6B
59	MAAMID America Apartment Communities, REIT - Specialty	18.2%	n/m	+0.8%	$13.9B
60	WHLRWheeler Real Estate Investment Trust, REIT - Specialty	17.8%	n/m	−7.2%	$19.2K
61	ACRACRES Commercial Realty, REIT - Specialty	17.5%	n/m	−3.4%	$83.4M
62	CHCTCommunity Healthcare Trust, REIT - Specialty	16.8%	n/m	+5.7%	$372.5M
63	PINEAlpine Income Property Trust, REIT - Specialty	16.5%	n/m	+31.9%	$289.9M
64	HSTHost Hotels & Resorts, REIT - Specialty	16.5%	n/m	+4.9%	$16.9B
65	PSTLPostal Realty Trust, REIT - Specialty	16.4%	n/m	+22.0%	$662.8M
66	ARLAmerican Realty Investors, Real Estate - Services	16.4%	−18.3%	+6.8%	$263.3M
67	TCITranscontinental Realty Investors, REIT - Specialty	16.1%	n/m	+5.3%	$425.1M
68	EQIXEquinix, REIT - Specialty	15.6%	n/m	+9.6%	$94.2B
69	STHOStar, Real Estate - Services	14.8%	n/m	−17.7%	$90.7M
70	GOODGladstone Commercial, Real Estate - Services	14.5%	n/m	+10.8%	$581.4M
71	UEUrban Edge Properties, Real Estate - Services	13.7%	30.1%	+7.4%	$2.4B
72	DRHDiamondRock Hospitality, REIT - Specialty	13.5%	n/m	+1.0%	$2.8B
73	OUTOUTFRONT Media, REIT - Specialty	12.7%	n/m	+7.6%	$5.5B
74	HHHHoward Hughes, REIT - Specialty	12.3%	n/m	+34.0%	$4.2B
75	APLEApple Hospitality REIT, REIT - Specialty	12.2%	n/m	+1.2%	$4.3B
76	WELLWelltower, REIT - Healthcare Facilities	12.1%	n/m	+37.6%	$171B
77	ABRArbor Realty Trust, REIT - Specialty	12.0%	n/m	−16.4%	$544.7M
78	DLRDigital Realty Trust, REIT - Specialty	11.8%	n/m	+17.4%	$63.8B
79	UMHUMH Properties, REIT - Specialty	11.5%	n/m	+8.4%	$1.3B
80	BFSSaul Centers, REIT - Specialty	11.5%	n/m	+8.7%	$725.4M
81	STWDStarwood Property Trust, REIT - Specialty	11.4%	76.0%	+11.8%	$4.7B
82	CURBCurbline Properties, Real Estate - Services	11.1%	17.6%	+50.6%	$3.5B
83	TRCTejon Ranch, Real Estate - Services	10.6%	−0.9%	+25.4%	$444.5M
84	RHPRyman Hospitality Properties, REIT - Specialty	9.9%	n/m	+12.2%	$8.2B
85	FORForestar, Real Estate - Services	9.9%	12.6%	+11.8%	$1.3B
86	SMASmartStop Self Storage REIT, REIT - Specialty	9.4%	n/m	+21.1%	$2B
87	NTSTNETSTREIT, REIT - Specialty	9.2%	n/m	+27.1%	$2.2B
88	RITMRithm Capital, REIT - Specialty	9.0%	n/m	−23.9%	$5.2B
89	BXPBXP, REIT - Specialty	8.4%	n/m	+1.9%	$9.9B
90	DOCHealthpeak Properties, REIT - Specialty	8.2%	n/m	+5.5%	$13.3B
91	RYNRayonier, REIT - Specialty	7.8%	n/m	+0.4%	$5.5B
92	SBRASabra Health Care REIT, REIT - Specialty	7.6%	n/m	+17.3%	$5B
93	CSRCenterspace, REIT - Specialty	7.2%	n/m	+0.7%	$956.8M
94	WYWeyerhaeuser, REIT - Specialty	6.9%	n/m	−2.6%	$14B
95	IRTIndependence Realty Trust, REIT - Specialty	6.5%	n/m	+3.5%	$3.5B
96	IRMIron Mountain, REIT - Specialty	5.5%	n/m	+17.4%	$32.7B
97	AATAmerican Assets Trust, REIT - Specialty	5.4%	n/m	−2.9%	$1.3B
98	STRWStrawberry Fields REIT, REIT - Specialty	5.3%	n/m	+18.3%	$179.4M
99	AHRAmerican Healthcare REIT, REIT - Specialty	5.2%	n/m	+19.0%	$11.6B
100	CXWCoreCivic, REIT - Specialty	5.1%	n/m	+24.3%	$3B

The first 100 of 159.

Not ranked: 21 with a quarter missing, 19 with under $50M of revenue, 8 with a margin moved by items that are not sales, 8 with not a meaningful number. 11 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.