REITReview of Trading Day 2024-10-21


REITReview gives a quick summary of the last trading day, in this case 2024-10-21. 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
CIM Commercial Trust Corp (CMCT) 61.70% 6.0
Invesco Mortgage Capital, Inc. (IVR) 18.20% 6.4
Orchid Island Capital, Inc. (ORC) 17.60% 5.9
Cherry Hill Mortgage Investment Corp. (CHMI) 17.30% 2.7
Ready Capital Corp. (RC) 15.90% 4.0
Ares Commercial Real Estate Corp (ACRE) 14.90% 4.2
New York Mortgage Trust, Inc. (NYMT) 14.30% 6.3
Armour Residential REIT Inc. (ARR) 14.10% 6.2
Ellington Residential Mortgage REIT (EARN) 13.70% 4.2
Two Harbors Investment Corp. (TWO) 13.70% 6.1

*Forward Annualized


REITs With Upcoming Dividend Date

Symbol Ex-Dividend Date RR
Gladstone Commercial Corporation, Inc. (GOOD) 2024-10-22 6.5
Gladstone Land Corporation, Inc. (LAND) 2024-10-22 6.5
LTC Properties, Inc. (LTC) 2024-10-23 7.5
Dynex Capital, Inc. (DX) 2024-10-25 4.2
Service Properties Trust, Inc. (SVC) 2024-10-28 4.8
Industrial Logistics Properties Trust (ILPT) 2024-10-28 4.6
Office Properties Income Trust (OPI) 2024-10-28 4.7
Diversified Healthcare Trust (DHC) 2024-10-28 5.6
Agree Realty Corp. (ADC) 2024-10-31 8.5
AGNC Investment Corp. (AGNC) 2024-10-31 3.0


Stock Prices


Cheapest REIT Stocks

Symbol Closing Price RR
CIM Commercial Trust Corp (CMCT) $0.53 6.0
Ashford Hospitality Trust, Inc. (AHT) $0.56 2.5
Presidio Property Trust (SQFT) $0.69 3.4
Sotherly Hotels, Inc. (SOHO) $1.15 4.0
Power REIT (PW) $1.19 5.9
Franklin Street Properties Corp. (FSP) $1.74 3.9
Selectis Health Inc (GBCS) $1.75 3.4
Regional Health Properties,Inc. (RHE) $1.90 4.1
Innsuites Hospitality Trust (IHT) $1.92 5.0
Innsuites Hospitality Trust (IHT) $1.97 5.0

Most Expensive REIT Stocks

Symbol Closing Price RR
Equinix, Inc. (EQIX) $879.94 8.3
Public Storage (PSA) $331.71 8.8
Essex Property Trust, Inc. (ESS) $291.36 8.0
SBA Communications Corporation (SBAC) $243.47 7.0
Alexander's Inc. (ALX) $228.61 5.4
AvalonBay Communities, Inc. (AVB) $224.14 8.6
American Tower Corp (AMT) $221.49 7.7
EastGroup Properties, Inc. (EGP) $179.59 9.1
Digital Realty Trust (DLR) $165.16 7.8
Extra Space Storage, Inc. (EXR) $164.80 8.6


Market Caps


Biggest 1 Day Market Cap Mover

Symbol % Price Change $ Price Change RR
Wheeler Real Estate Investment Trust Inc (WHLR) 14.01% $1,441,700.0 4.1
Gyrodyne Company of America, Inc. (GYRO) -12.04% -$3,342,500 N/A
Ashford Hospitality Trust, Inc. (AHT) 11.14% $3,545,400.0 2.5
SL Green Realty Corp (SLG) 9.06% $429,092,000.0 6.2
Power REIT (PW) 8.85% $338,900.0 5.9
Hudson Pacific Properties (HPP) 8.49% $56,465,000.0 4.5
Service Properties Trust, Inc. (SVC) -8.2% -$51,425,000 4.8
Orchid Island Capital, Inc. (ORC) 7.28% $43,447,000.0 5.9
Medical Properties Trust, Inc. (MPW) 5.94% $168,056,000.0 4.9
Alpine Income Property Trust, Inc. (PINE) 4.53% $11,885,000.0 7.9

REITs With Highest Market Cap

Symbol Market Cap RR
Prologis, Inc. (PLD) $116,251,279,000 8.9
American Tower Corp (AMT) $105,700,655,000 7.7
Equinix, Inc. (EQIX) $84,994,769,000 8.3
Welltower, Inc. (WELL) $81,789,911,000 7.9
Simon Property Group (SPG) $66,325,008,000 7.8
Public Storage (PSA) $60,489,720,000 8.8
Realty Income Corp (O) $56,353,866,000 8.2
Digital Realty Trust (DLR) $55,215,751,000 7.8
Crown Castle International Corp. (CCI) $48,885,297,000 7.1
Extra Space Storage, Inc. (EXR) $37,775,802,000 8.6


REITRating™


Top 10 REITs

Overall Score Symbol
9.4 Terreno Realty Corp. (TRNO)
9.1 EastGroup Properties, Inc. (EGP)
9.0 Rexford Industrial Realty, Inc. (REXR)
8.9 Prologis, Inc. (PLD)
8.8 Public Storage (PSA)
8.8 Rayonier, Inc. (RYN)
8.7 AMH (AMH)
8.6 Alexandria Real Estate Equities, Inc. (ARE)
8.6 VICI Properties Inc. (VICI)
8.6 CareTrust REIT, Inc. (CTRE)

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 140.04 4.4
Farmland Partners, Inc (FPI) FFO 56.45 5.9
Farmland Partners, Inc (FPI) AFFO 50.55 5.9
Arbor Realty Trust, Inc. (ABR) FFO 44.21 5.1
Arbor Realty Trust, Inc. (ABR) AFFO 44.21 5.1
Iron Mountain, Inc. (IRM) Normalized FFO 39.69 6.9
Welltower, Inc. (WELL) Nareit FFO 39.31 7.9
Safehold Inc. (SAFE) AFFO 39.05 6.4
DigitalBridge Group, Inc. (DBRG) Distributable Earnings 38.35 4.4
First Industrial Realty Trust, Inc. (FR) AFFO 37.68 8.2


Price-to-Earnings (P/E) Ratio


REITs With Highest P/E Ratio

Symbol P/E Ratio RR
Acadia Realty Trust (AKR) 2,474.00 7.7
Vornado Realty Trust (VNO) 482.00 6.0
Dynex Capital, Inc. (DX) 421.00 4.2
InvenTrust Properties Corp. (IVT) 333.22 4.3
Sun Communities, Inc. (SUI) 261.90 7.7
NetSTREIT Corp. (NTST) 207.25 6.9
Apollo Commercial Real Estate Finance, Inc. (ARI) 178.00 4.6
Postal Realty Trust, Inc. (PSTL) 163.44 6.5
Iron Mountain, Inc. (IRM) 161.23 6.9
Alexandria Real Estate Equities, Inc. (ARE) 148.52 8.6


Beta


REITs With Highest Beta

Symbol Beta RR
Healthcare Trust, Inc. (HTIA) 666.52 4.5
Seritage Growth Properties, Inc. (SRG) 2.58 3.5
Macerich Company (MAC) 2.48 6.7
Ashford Hospitality Trust, Inc. (AHT) 2.34 2.5
TPG Real Estate Finance Trust, Inc. (TRTX) 2.23 4.8
Diversified Healthcare Trust (DHC) 2.22 5.6
MFA Mortgage Investments, Inc. (MFA) 2.21 5.3
Service Properties Trust, Inc. (SVC) 2.19 4.8
AG Mortgage Investment Trust, Inc. (MITT) 2.07 5.5
ACRES Commercial Realty Corp. (ACR) 2.05 4.0

REITs With Lowest Beta

Symbol Beta RR
InvenTrust Properties Corp. (IVT) -5.98 4.3
Modiv Inc. (MDV) -0.22 2.7
Generation Income Properties Inc. (GIPR) -0.13 3.0
Innsuites Hospitality Trust (IHT) 0.13 5.0
Global Self Storage, Inc. (SELF) 0.28 7.1
Phillips Edison & Company, Inc. (PECO) 0.33 7.0
Equity Commonwealth (EQC) 0.37 6.9
Manhattan Bridge Capital, Inc. (LOAN) 0.55 5.9
CIM Commercial Trust Corp (CMCT) 0.57 6.0
Transcontinental Realty Investors, Inc. (TCI) 0.59 6.8

REIT News Headlines

Symbol RR Headline
ESRT 7.2 Empire State Realty Trust - Empire State Building Opens New 10,000 Square Foot Empire Lounge, with 400-Person All-Hands Space, Multi-Sport Court, and Golf Simulators
ALEX 8.3 Alexander & Baldwin Extends Its Revolving Credit Facility
FSP 3.9 - Franklin Street Properties Corp. to Announce Third Quarter 2024 Results
ESRT 7.2 Empire State Realty Trust - Empire State Realty Trust Announces Third Quarter 2024 Results
ARE 8.6 Alexandria Real Estate Equities, Inc. - Alexandria Real Estate Equities, Inc. Reports: 3Q24 and YTD 3Q24 Net Income per Share - Diluted of $0.96 and $2.18, respectively; and 3Q24 and YTD 3Q24 FFO per Share - Diluted, as Adjusted, of $2.37 and $7.08,
FPI 5.9 Farmland - Farmland Partners Completes $289 Million Farmland Sale
AJX 2.2 Great Ajax - Great Ajax Corp. Announces Results for the Quarter Ended September 30, 2024 and Announces Intent to Rebrand to Rithm Property Trust Inc.
HIW 7.2 Highwoods Properties - Highwoods Declares Quarterly Dividends

Last updated: 2024-10-21 - v1.5