Spanish Consumer Durables Property Play

Lamar Advertising

Market Cap: US$11.9b

Operates as an outdoor advertising company in the United States and Canada.

BXP

Market Cap: US$11.7b

BXP, Inc. (NYSE: BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC.

Lineage

Market Cap: US$11.6b

Lineage, Inc. (NASDAQ: LINE) is the world’s largest global temperature-controlled warehouse REIT with a network of over 485 strategically located facilities totaling approximately 86 million square feet and approximately 3.1 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific.

CapitaLand Integrated Commercial Trust

Market Cap: S$15.1b

CapitaLand Integrated Commercial Trust (CICT) is the first and largest real estate investment trust (REIT) listed on Singapore Exchange Securities Trading Limited (SGX-ST) with a market capitalisation of S$14.1 billion as at 31 December 2024.

Host Hotels & Resorts

Market Cap: US$10.9b

An S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels.

Omega Healthcare Investors

Market Cap: US$10.8b

A Real Estate Investment Trust (“REIT”) providing financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities located in the United States and the United Kingdom.

Klépierre

Market Cap: €9.5b

Klépierre SA is the European leader in shopping malls, combining property development and asset management skills.

CubeSmart

Market Cap: US$9.7b

A self-administered and self-managed real estate investment trust.

CapitaLand Ascendas REIT

Market Cap: S$11.6b

CapitaLand Ascendas REIT (CLAR) is Singapore’s first and largest listed business space and industrial real estate investment trust.

EastGroup Properties

Market Cap: US$8.8b

EastGroup Properties, Inc. (NYSE: EGP), a member of the S&P Mid-Cap 400 and Russell 2000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Texas, Florida, California, Arizona and North Carolina.

Stockland

Market Cap: AU$13.3b

We are a leading creator and curator of connected communities with people at the heart of the places we create.

Rexford Industrial Realty

Market Cap: US$8.5b

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation.

Federal Realty Investment Trust

Market Cap: US$8.3b

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, D.C.

Vornado Realty Trust

Market Cap: US$8.2b

A fully - integrated equity real estate investment trust.

Agree Realty

Market Cap: US$8.0b

A publicly traded real estate investment trust that is RETHINKING RETAIL through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants.

Brixmor Property Group

Market Cap: US$7.9b

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers.

Nippon Building Fund

Market Cap: JP¥1.1t

NBF (Nippon Building Fund Inc.) is Japan's largest real estate investment trust (J-REIT) which invests in office buildings primarily in Tokyo as well as nationwide.

NNN REIT

Market Cap: US$7.6b

NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases.

Choice Properties Real Estate Investment Trust

Market Cap: CA$10.7b

Choice Properties is a leading Real Estate Investment Trust that creates enduring value through the ownership, operation and development of high-quality commercial and residential properties.

Gecina

Market Cap: €6.7b

As a specialist for centrality and uses, Gecina operates innovative and sustainable living spaces.

First Industrial Realty Trust

Market Cap: US$6.9b

First Industrial Realty Trust, Inc. (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties.

Vicinity Centres

Market Cap: AU$10.7b

Vicinity Centres (Vicinity or the Group) is one of Australia’s leading retail property groups with a fully integrated asset management platform, and $24 billion in retail assets under management across 56 shopping centres, making it the second largest listed manager of Australian retail property.

MERLIN Properties SOCIMI

Market Cap: €6.0b

MERLIN Properties SOCIMI, S.A. (MC:MRL) is the largest real estate company trading on the Spanish Stock Exchange.

STAG Industrial

Market Cap: US$6.6b

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States.

Covivio

Market Cap: €5.5b

Drawing on its history of partnerships, its property expertise and its European culture, Covivio is inventing today's user experience and designing tomorrow's city Covivio is a preferred real estate player on a European scale, getting closer to end users, capturing their aspirations, combining work, travel and living, and co-selling living spaces.

Essential Properties Realty Trust

Market Cap: US$6.2b

A real estate company, acquires, owns, and manages single-tenant properties in the United States.

Land Securities Group

Market Cap: UK£4.5b

At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential.

Terreno Realty

Market Cap: US$5.9b

Terreno Realty Corporation (“Terreno”, and together with its subsidiaries, “we”, “us”, “our”, “our Company” or “the Company”) acquires, owns and operates industrial real estate in six major coastal U.S.

Ryman Hospitality Properties

Market Cap: US$5.9b

Ryman Hospitality Properties, Inc. (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences.

GPT Group

Market Cap: AU$9.2b

GPT is a vertically integrated diversified property group that owns and actively manages a portfolio of high quality Australian retail, office and logistics assets, with assets under management of $32.4 billion.

Mirvac Group

Market Cap: AU$8.9b

Founded in 1972, Mirvac is an Australian Securities Exchange (ASX) top 50 company with an integrated asset creation and curation capability.

Japan Real Estate Investment

Market Cap: JP¥811.0b

Japan Real Estate Investment Corporation (the "Company") was established on May 11, 2001 pursuant to Japan's Act on Investment Trusts and Investment Corporations ("ITA").

Charter Hall Group

Market Cap: AU$8.7b

Charter Hall is Australia’s leading fully integrated diversified property investment and funds management group.

American Healthcare REIT

Market Cap: US$5.5b

A self-managed real estate investment trust that acquires, owns and operates a diversified portfolio of clinical healthcare real estate properties, focusing primarily on outpatient medical buildings, senior housing, skilled nursing facilities and other healthcare-related facilities.

FIBRA Prologis

Market Cap: Mex$106.5b

A leading owner and operator of Class-A industrial real estate in Mexico.

British Land

Market Cap: UK£4.1b

British Land is a UK commercial property company focused on real estate sectors with the strongest operational fundamentals: London campuses, retail parks, and London urban logistics.