U.S. Commercial Real Estate

Welltower

Market Cap: US$94.5b

Welltower Inc. (NYSE: WELL) an S&P 500 company, is the world's preeminent residential wellness and healthcare infrastructure company.

Simon Property Group

Market Cap: US$62.5b

Simon Property Group, Inc. (NYSE:SPG) is a self-administered and self-managed real estate investment trust (“REIT”).

Realty Income

Market Cap: US$50.4b

Realty Income (NYSE: O), an S&P 500 company, is real estate partner to the world's leading companies.

Ventas

Market Cap: US$29.2b

Ventas, Inc. (NYSE: VTR) is a leading S&P 500 real estate investment trust enabling exceptional environments that benefit a large and growing aging population.

Alexandria Real Estate Equities

Market Cap: US$17.1b

Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world.

Healthpeak Properties

Market Cap: US$14.4b

A fully integrated real estate investment trust (REIT) and S&P 500 company.

Kimco Realty

Market Cap: US$14.2b

Kimco Realty (NYSE: KIM) is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States.

Regency Centers

Market Cap: US$13.1b

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics.

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.

Host Hotels & Resorts

Market Cap: US$10.7b

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$10.6b

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.

Federal Realty Investment Trust

Market Cap: US$8.4b

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.

Agree Realty

Market Cap: US$8.1b

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.

NNN REIT

Market Cap: US$7.9b

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

Vornado Realty Trust

Market Cap: US$7.8b

A fully - integrated equity real estate investment trust.

Healthcare Realty Trust

Market Cap: US$5.8b

Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses.

Ryman Hospitality Properties

Market Cap: US$5.8b

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.

CareTrust REIT

Market Cap: US$5.1b

CareTrust REIT, Inc.’s (“CareTrust REIT” or the “Company”) primary business consists of acquiring, financing, developing and owning real property to be leased to third-party tenants in the healthcare sector.

Kite Realty Group Trust

Market Cap: US$4.9b

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets.

Cousins Properties

Market Cap: US$4.8b

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT).

Phillips Edison

Market Cap: US$4.8b

Phillips Edison & Company, Inc. (“PECO”) is one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers.

American Healthcare REIT

Market Cap: US$4.6b

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.

Macerich

Market Cap: US$4.4b

Macerich is a fully integrated, self-managed, and self-administered real estate investment trust (REIT).

SL Green Realty

Market Cap: US$4.4b

A privately owned real estate investment manager and fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties.

Sabra Health Care REIT

Market Cap: US$3.9b

As of September 30, 2024, Sabra’s investment portfolio included 373 real estate properties held for investment (consisting of (i) 233 skilled nursing/transitional care facilities, (ii) 39 senior housing communities (“senior housing - leased”), (iii) 68 senior housing communities operated by third-party property managers pursuant to property management agreements (“senior housing - managed”), (iv) 18 behavioral health facilities and (v) 15 specialty hospitals and other facilities), 14 investments in loans receivable (consisting of three mortgage loans and 11 other loans), five preferred equity investments and two investments in unconsolidated joint ventures.

Kilroy Realty

Market Cap: US$3.9b

Kilroy Realty Corporation (NYSE: KRC, the “Company”, “Kilroy”) is a leading U.S.

Tanger

Market Cap: US$3.8b

Tanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries.

Medical Properties Trust

Market Cap: US$3.6b

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

National Health Investors

Market Cap: US$3.3b

Incorporated in 1991, National Health Investors, Inc.

Apple Hospitality REIT

Market Cap: US$3.3b

Apple Hospitality REIT, Inc., formed in November 2007 as a Virginia corporation, together with its wholly-owned subsidiaries (the “Company”), is a self-advised real estate investment trust (“REIT”) that invests in income-producing real estate, primarily in the lodging sector, in the United States (“U.S.”).

Douglas Emmett

Market Cap: US$3.3b

Douglas Emmett, Inc. (DEI) is a fully integrated, self-administered and self-managed real estate investment trust (REIT), and one of the largest owners and operators of high-quality office and multifamily properties located in the premier coastal submarkets of Los Angeles and Honolulu.

Highwoods Properties

Market Cap: US$3.2b

Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (“REIT”) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.

COPT Defense Properties

Market Cap: US$3.1b

COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S.

Acadia Realty Trust

Market Cap: US$2.7b

An equity real estate investment trust focused on delivering long-term, profitable growth via its dual – Core Portfolio and Fund – operating platforms and its disciplined, location-driven investment strategy.

Curbline Properties

Market Cap: US$2.5b

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