U.S. Property Play

Medical Properties Trust

Market Cap: US$3.0b

A self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities.

Apple Hospitality REIT

Market Cap: US$2.9b

Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust (“REIT”) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States.

LXP Industrial Trust

Market Cap: US$2.8b

LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on Class A warehouse and distribution investments in 12 target markets across the Sunbelt and lower Midwest.

Acadia Realty Trust

Market Cap: US$2.8b

An equity real estate investment trust focused on delivering long-term, profitable growth.

Urban Edge Properties

Market Cap: US$2.7b

A NYSE listed real estate investment trust focused on owning, managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, D.C.

Four Corners Property Trust

Market Cap: US$2.6b

FCPT is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties.

Curbline Properties

Market Cap: US$2.4b

Engages in the business of owning, managing, leasing, and acquiring a portfolio of convenience shopping centers in the United States.

Park Hotels & Resorts

Market Cap: US$2.3b

Park is one of the largest publicly-traded lodging real estate investment trusts (“REIT”) with a diverse portfolio of iconic and market-leading hotels and resorts with significant underlying real estate value.

InvenTrust Properties

Market Cap: US$2.3b

InvenTrust Properties Corp. (the “Company,” "IVT," or "InvenTrust") is a premier Sun Belt, multi-tenant essential retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood and community centers as well as high-quality power centers that often have a grocery component.

Empire State Realty Trust

Market Cap: US$2.1b

Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of well-leased, top of tier, modernized, amenitized, and well-located office, retail, and multifamily assets.

Sunstone Hotel Investors

Market Cap: US$1.8b

A lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,999 rooms, the majority of which are operated under nationally recognized brands.

Global Net Lease

Market Cap: US$1.8b

A publicly traded real estate investment trust listed on the NYSE, which focuses on acquiring and managing a global portfolio of income producing net lease assets across the United States, United Kingdom, and Western and Northern Europe.

JBG SMITH Properties

Market Cap: US$1.8b

JBG SMITH owns, operates and develops mixed-use properties concentrated in amenity-rich, Metro-served submarkets in and around Washington, DC, most notably National Landing, that we believe have long-term growth potential and appeal to residential, office and retail tenants.

DiamondRock Hospitality

Market Cap: US$1.7b

A self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in leisure destinations and top gateway markets.

LTC Properties

Market Cap: US$1.6b

LTC is a real estate investment trust (REIT) focused on seniors housing and health care properties, investing through RIDEA, triple-net leases, joint ventures, and structured finance solutions.

American Assets Trust

Market Cap: US$1.6b

A full service, vertically integrated and self-administered real estate investment trust ("REIT"), headquartered in San Diego, California.

Veris Residential

Market Cap: US$1.6b

A forward-thinking real estate investment trust (REIT) that primarily owns, operates, acquires and develops premier Class A multifamily properties in the Northeast.

Innovative Industrial Properties

Market Cap: US$1.6b

A real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated cannabis facilities.

Paramount Group

Market Cap: US$1.6b

Paramount Group, Inc. ("Paramount" or the "Company") is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York and San Francisco.

Getty Realty

Market Cap: US$1.5b

A publicly traded, net lease REIT specializing in the acquisition, financing and development of convenience, automotive and other single tenant retail real estate.

NETSTREIT

Market Cap: US$1.5b

An internally managed real estate investment trust (REIT) based in Dallas, Texas that specializes in acquiring single-tenant net lease retail properties nationwide.

Elme Communities

Market Cap: US$1.5b

Elme Communities is committed to elevating what home can be for middle-income renters by providing a higher level of quality, service, and experience.

Xenia Hotels & Resorts

Market Cap: US$1.5b

A self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts with a focus on the top 25 lodging markets as well as key leisure destinations in the United States.

SmartStop Self Storage REIT

Market Cap: US$1.4b

SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE:SMA) is a self-managed REIT with a fully integrated operations team of more than 600 self-storage professionals focused on growing the SmartStop® Self Storage brand.

Sila Realty Trust

Market Cap: US$1.4b

Sila Realty Trust, Inc., headquartered in Tampa, Florida, is a net lease real estate investment trust with a strategic focus on investing in the growing and resilient healthcare sector.

Pebblebrook Hotel Trust

Market Cap: US$1.4b

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust (“REIT”) and the largest owner of urban and resort lifestyle hotels in the United States.

Alexander & Baldwin

Market Cap: US$1.3b

Alexander & Baldwin, Inc. (NYSE: ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai'i commercial real estate and is the state's largest owner of grocery-anchored, neighborhood shopping centers.

UMH Properties

Market Cap: US$1.3b

UMH Properties, Inc., which was organized in 1968, is a public equity REIT that currently owns and operates 144 manufactured home communities containing approximately 26,800 developed homesites, of which 10,600 contain rental homes, and over 1,000 self-storage units.

Alexander's

Market Cap: US$1.2b

Alexander’s, Inc. is a real estate investment trust (REIT) engaged in leasing, managing, developing and redeveloping properties.

Apartment Investment and Management

Market Cap: US$1.2b

Aimco is a diversified real estate company primarily focused on value add and opportunistic investments, targeting the U.S.

Safehold

Market Cap: US$1.2b

Safehold Inc. (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings.

Easterly Government Properties

Market Cap: US$1.2b

Easterly Government Properties, Inc. (NYSE: DEA) is based in Washington, D.C., and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S.

Piedmont Realty Trust

Market Cap: US$1.1b

Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in the Sunbelt.

RLJ Lodging Trust

Market Cap: US$1.1b

RLJ Lodging Trust ("RLJ") is a self-advised, publicly traded real estate investment trust that owns 94 premium-branded, rooms-oriented, high-margin, urban-centric hotels located within the heart of demand locations.

Diversified Healthcare Trust

Market Cap: US$1.1b

DHC is a real estate investment trust focused on owning high-quality healthcare properties located throughout the United States.

Saul Centers

Market Cap: US$1.1b

As of March 31, 2025, 93.9% of the commercial portfolio was leased compared to 94.6% as of March 31, 2024.