REITReview of Trading Day 2024-03-18


REITReview gives a quick summary of the last trading day, in this case 2024-03-18. 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) 22.45% 6.7
Global Net Lease, Inc. (GNL) 18.73% 5.0
Invesco Mortgage Capital, Inc. (IVR) 17.54% 6.2
Ares Commercial Real Estate Corp (ACRE) 17.37% 4.6
Cherry Hill Mortgage Investment Corp. (CHMI) 17.29% 4.6
KKR Real Estate Finance Trust Inc. (KREF) 17.22% 4.4
Granite Point Mortgage Trust Inc. (GPMT) 16.81% 5.8
Orchid Island Capital, Inc. (ORC) 16.67% 5.6
Ellington Financial Inc. (EFC) 15.83% 2.7
Armour Residential REIT Inc. (ARR) 15.41% 6.0

*Forward Annualized


REITs With Upcoming Dividend Date

Symbol Ex-Dividend Date RR
Elme Communities (ELME) 2024-03-19 6.3
Gladstone Commercial Corporation, Inc. (GOOD) 2024-03-20 6.4
Gladstone Land Corporation, Inc. (LAND) 2024-03-20 7.0
LTC Properties, Inc. (LTC) 2024-03-20 7.3
Redwood Trust, Inc. (RWT) 2024-03-20 3.4
VICI Properties Inc. (VICI) 2024-03-20 8.4
Dynex Capital, Inc. (DX) 2024-03-21 4.5
Global Medical REIT, Inc. (GMRE) 2024-03-21 8.0
Equity Residential (EQR) 2024-03-22 8.6
New York Mortgage Trust, Inc. (NYMT) 2024-03-22 5.3


Stock Prices


Cheapest REIT Stocks

Symbol Closing Price RR
Wheeler Real Estate Investment Trust Inc (WHLR) $0.17 4.4
Drive Shack Inc. (DSHK) $0.28 3.3
Power REIT (PW) $0.56 6.1
Presidio Property Trust (SQFT) $1.29 5.0
Ashford Hospitality Trust, Inc. (AHT) $1.36 2.8
Sotherly Hotels, Inc. (SOHO) $1.37 4.1
Innsuites Hospitality Trust (IHT) $1.43 5.0
Braemar Hotels & Resorts, Inc (BHR) $1.86 6.8
Office Properties Income Trust (OPI) $1.96 5.5
Franklin Street Properties Corp. (FSP) $2.15 4.4

Most Expensive REIT Stocks

Symbol Closing Price RR
Equinix, Inc. (EQIX) $860.65 8.6
Public Storage (PSA) $277.58 8.9
Essex Property Trust, Inc. (ESS) $237.60 8.1
SBA Communications Corporation (SBAC) $213.26 7.0
Alexander's Inc. (ALX) $208.19 5.4
American Tower Corp (AMT) $195.91 7.4
AvalonBay Communities, Inc. (AVB) $182.55 8.6
EastGroup Properties, Inc. (EGP) $175.72 9.0
Simon Property Group (SPG) $151.95 7.7
Digital Realty Trust (DLR) $142.21 8.1


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) $118,514,251,340 9.0
American Tower Corp (AMT) $91,363,061,069 7.4
Equinix, Inc. (EQIX) $81,435,563,650 8.6
Welltower, Inc. (WELL) $52,507,444,846 7.7
Simon Property Group (SPG) $49,519,138,970 7.7
Public Storage (PSA) $48,806,743,172 8.9
Crown Castle International Corp. (CCI) $45,310,363,320 7.7
Realty Income Corp (O) $44,959,271,353 8.4
Digital Realty Trust (DLR) $44,411,267,594 8.1
VICI Properties Inc. (VICI) $30,188,385,677 8.4


REITRating™


Top 10 REITs

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

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 161.22 3.4
American Strategic Investment Co. (NYC) CORE FFO 78.33 N/A
Veris Residential, Inc. (VRE) FFO 70.67 4.4
Farmland Partners, Inc (FPI) FFO 67.25 5.2
Farmland Partners, Inc (FPI) AFFO 67.25 5.2
DigitalBridge Group, Inc. (DBRG) Distributable Earnings 54.53 3.4
Monmouth Real Estate Investment Corp (MNR) FFO Core 44.64 N/A
Retail Properties of America, Inc (RPAI) FFO 44.3 N/A
Equinix, Inc. (EQIX) FFO 37.98 8.6
Arbor Realty Trust, Inc. (ABR) FFO 37.62 6.8


Price-to-Earnings (P/E) Ratio


REITs With Highest P/E Ratio

Symbol P/E Ratio RR
Consolidated-Tomoka Land Co. (CTO) 493.75 6.1
Sabra Health Care REIT, Inc. (SBRA) 239.93 7.3
Alexandria Real Estate Equities, Inc. (ARE) 228.21 8.7
AGNC Investment Corp. (AGNC) 186.05 2.8
NetSTREIT Corp. (NTST) 162.25 6.3
Welltower, Inc. (WELL) 140.77 7.7
Community Healthcare Trust (CHCT) 129.13 7.5
Iron Mountain, Inc. (IRM) 127.14 6.8
Vornado Realty Trust (VNO) 114.58 6.0
LXP Industrial Trust (LXP) 109.28 8.7


Beta


REITs With Highest Beta

Symbol Beta RR
Safehold Inc. (SAFE) 4.44 6.2
SL Green Realty Corp (SLG) 2.56 5.1
Hudson Pacific Properties (HPP) 2.39 5.1
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) 2.30 5.9
Uniti Group, Inc. (UNIT) 2.28 4.8
DigitalBridge Group, Inc. (DBRG) 2.27 3.4
Vornado Realty Trust (VNO) 2.27 6.0
Outfront Media, Inc. (OUT) 2.26 5.6
Office Properties Income Trust (OPI) 2.17 5.5
Ashford Hospitality Trust, Inc. (AHT) 2.15 2.8

REITs With Lowest Beta

Symbol Beta RR
Modiv Inc. (MDV) -0.27 4.0
Net Lease Office Properties (NLOP) -0.18 6.0
Generation Income Properties Inc. (GIPR) 0.02 2.7
Global Self Storage, Inc. (SELF) 0.08 7.1
Manhattan Bridge Capital, Inc. (LOAN) 0.19 6.6
ACRES Commercial Realty Corp. (ACR) 0.36 4.4
Equity Commonwealth (EQC) 0.39 6.7
Transcontinental Realty Investors, Inc. (TCI) 0.41 6.4
Sotherly Hotels, Inc. (SOHO) 0.47 4.1
Healthcare Trust, Inc. (HTIA) 0.52 2.0

REIT News Headlines

Symbol RR Headline
CUBE 8.6 CubeSmart - CubeSmart Declares First Quarter 2024 Dividend
CUZ 7.7 Cousins - Cousins Properties Announces Its First Quarter 2024 Common Stock Dividend
VICI 8.4 VICI Properties - VICI Properties Announces Closing of $1.05 Billion Senior Unsecured Notes Offering
MDV 4.0 Modiv Industrial Declares Quarterly Dividends for Preferred Shareholders and Monthly Distributions for Common Shareholders
APLE 8.5 Apple Hospitality REIT - Apple Hospitality REIT Announces Monthly Distribution and Date for 2024 Annual Meeting of Shareholders
WPC 7.7 W. P. Carey - W. P. Carey Appoints Rhonda Gass to Board of Directors
BXP 6.5 BXP Declares Regular Quarterly Dividend
RITM 4.0 Rithm Capital - Rithm Capital Corp. Announces Early Tender Results for Its 6.250% Senior Unsecured Notes Due 2025
CTRE 8.7 CareTrust - CareTrust REIT Raises Quarterly Dividend to $0.29 per Share

Last updated: 2024-03-18 - v1.3