Software Real Estate Sector

Abacus Storage King

Market Cap: AU$1.9b

Owns, operates, and manages a self-storage operating platform in Australia and New Zealand.

Allied Properties Real Estate Investment Trust

Market Cap: CA$1.7b

A leading owner-operator of distinctive urban workspace in Canada’s major cities.

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 145 manufactured home communities, containing approximately 27,000 developed homesites, of which 10,800 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.

Ingenia Communities Group

Market Cap: AU$1.7b

Ingenia Communities Group (ASX: INA) is a leading operator, owner and developer of communities offering quality affordable rental and holiday accommodation focussed on the growing seniors’ market in Australia.

Precinct Properties NZ & Precinct Properties Investments

Market Cap: NZ$2.1b

Precinct Properties NZ Ltd & Precinct Properties Investments Ltd is the largest owner, manager and developer of premium city center real estate in Auckland and Wellington.

Saul Centers

Market Cap: US$1.2b

A self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 62 properties which includes (a) 59 community and neighborhood shopping centers and mixed-use properties with approximately 10.5 million square feet of leasable area and (b) three land and development properties.

RLJ Lodging Trust

Market Cap: US$1.2b

A self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels.

CBL & Associates Properties

Market Cap: US$1.2b

Owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities.

Growthpoint Properties Australia

Market Cap: AU$1.6b

Growthpoint Properties Australia vision is to create sustainable value in everything we do, by being the forward-thinking, trusted partner of choice.

Waypoint REIT

Market Cap: AU$1.6b

Waypoint REIT is Australia’s largest listed REIT owning solely fuel and convenience retail properties; it has a high-quality network across all Australian States and mainland Territories.

Easterly Government Properties

Market Cap: US$1.1b

Focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S.

Centerspace

Market Cap: US$1.1b

An owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others.

CIM Real Estate Finance Trust

Market Cap: US$1.1b

A non-exchange traded real estate investment trust that elected to be taxed, and operates its business to qualify, as a REIT for U.S.

Safehold

Market Cap: US$1.1b

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

JBG SMITH Properties

Market Cap: US$1.1b

Owns, operates, and develops mixed-use properties concentrated in amenity-rich, Metro-served submarkets.

NorthWest Healthcare Properties Real Estate Investment Trust

Market Cap: CA$1.4b

Northwest Healthcare Properties Real Estate Investment Trust is a Canadian open-end trust governed pursuant to a third amended and restated Declaration of Trust dated September 15, 2020, as amended on March 30, 2023, September 21, 2023, June 18, 2024 and May 14, 2025.

Workspace Group

Market Cap: UK£761.5m

Workspace Group Plc is London's leading owner and operator of flexible workspace, currently managing 4.3 million sq.

Centuria Capital Group

Market Cap: AU$1.4b

An investment manager, markets and manages investment products primarily in Australia.

Arena REIT

Market Cap: AU$1.3b

An ASX200 listed property group that develops, owns and manages social infrastructure properties across Australia.

Kiwi Property Group

Market Cap: NZ$1.6b

Kiwi Property is one of the largest listed property companies on the New Zealand Stock Exchange and is a member of the S&P/NZX 20 Index.

Vital Healthcare Property Trust

Market Cap: NZ$1.5b

An NZX-listed fund that invests in hi-quality healthcare properties in New Zealand and Australia including private hospitals (80% of portfolio value) and ambulatory care facilities (20% of portfolio value).

Aspen Group

Market Cap: AU$1.2b

Aspen Group (“the Group” or “Aspen”) is a stapled entity comprising Aspen Group Limited (“the Company”) and its controlled entities, and Aspen Property Trust (“the Trust”) and its controlled entities.

Piedmont Realty Trust

Market Cap: US$878.9m

Piedmont Realty Trust Inc. is a fully integrated, self-managed real estate investment company focused on delivering an exceptional office environment.

CNL Healthcare Properties

Market Cap: US$876.4m

CNL Healthcare Properties, Inc. is elected to be taxed as a real estate investment trust for United States federal income tax purposes.

Whitestone REIT

Market Cap: US$845.9m

A community-centered real estate investment trust (REIT) that acquires, owns, operates, and develops open-air, retail centers located in some of the fastest growing markets in the country: Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio.

Target Healthcare REIT

Market Cap: UK£624.0m

UK listed Target Healthcare REIT plc (THRL) is an externally managed FTSE 250 Real Estate Investment Trust which provides shareholders with an attractive level of income, together with the potential for capital and income growth, from investing in a diversified portfolio of modern, purpose-built care homes.

Minto Apartment Real Estate Investment Trust

Market Cap: CA$1.1b

An open-ended real estate investment trust, owns and operates a portfolio of income-producing multi-residential rental properties located in Canada.

Peakstone Realty Trust

Market Cap: US$773.7m

A real estate investment trust executing a strategic transition to become an industrial-only REIT, targeting growth in the industrial outdoor storage sector.

Cromwell Property Group

Market Cap: AU$1.1b

A real estate investment manager with $4.2 billion of assets under management in Australia and New Zealand on 30 June 2025.

DigiCo Infrastructure REIT

Market Cap: AU$1.0b

DigiCo Infrastructure REIT (DGT) is a diversified owner, operator and developer of data centres, with a global portfolio and broad investment mandate across Stabilised, Value-add and Development opportunities.

Charter Hall Social Infrastructure REIT

Market Cap: AU$990.9m

Charter Hall Social Infrastructure REIT is the largest Australian ASX-listed real estate investment trust (A-REIT) that invests in social infrastructure properties.

Property For Industry

Market Cap: NZ$1.2b

Engages in the property investment and management business in New Zealand.

Strawberry Fields REIT

Market Cap: US$695.0m

A self-administered real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing and certain other healthcare-related properties.

Morguard North American Residential Real Estate Investment Trust

Market Cap: CA$941.5m

An unincorporated, open-ended real estate investment trust.

NexPoint Residential Trust

Market Cap: US$684.0m

NexPoint Residential Trust is a publicly traded real estate investment trust, with its shares listed on the New York Stock Exchange.