REITs stocks

AGNC Investment Corp. functions as a U.S.-based real estate investment trust (REIT). The firm primarily concentrates its investments on residential mortgage-backed securities (RMBS) and collateralized mortgage obligations (CMOs). A defining feature of these securities is that their principal and interest payments are secured by guarantees from either U.S. government-sponsored entities or federal government agencies. To fund these investments, AGNC largely depends on secured borrowings, specifically organized as repurchase agreements. The company has opted for REIT tax status under the 1986 Internal Revenue Code, which exempts it from federal corporate income taxes, contingent on distributing a minimum of 90% of its taxable profits to its shareholders. Originally established in 2008, the entity, with its headquarters in Bethesda, Maryland, operated as American Capital Agency Corp. until it adopted its current name, AGNC Investment Corp., in September 2016.

Annaly represents a highly leveraged mortgage-REIT funding model financed through repo, creating meaningful liquidity and capital sensitivity.

Annaly Capital is a mortgage REIT (mREIT) that operates with extreme leverage (826% debt-to-equity), borrowing short and lending long. When Treasury yields spike, its funding costs rise and its existing mortgage-backed security assets decline in value, compressing margins and severely eroding its book value.

Blackstone Mortgage Trust, Inc. (BXMT) functions as a real estate finance entity, primarily engaged in originating senior-level debt secured by commercial properties. These investment activities span across North America, Europe, and Australia. For U.S. federal income tax considerations, the company is organized as a Real Estate Investment Trust (REIT). This structure generally exempts it from federal corporate income taxes, contingent on distributing at least 90% of its taxable earnings to its shareholders. The firm adopted its current name, Blackstone Mortgage Trust, Inc., in May 2013, having previously operated as Capital Trust, Inc. Established in 1997, its principal office is located in New York City.

First Industrial Realty Trust, Inc. is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains. In total, we own and have under development approximately 71.6 million square feet of industrial space concentrated in 15 target MSAs as of December 31, 2025. First Industrial Realty Trust, Inc. was incorporated in 1993 in Maryland, USA,

Digital Realty Trust, Inc. owns, acquires, develops, and operates data centers through its operating partnership subsidiary, Digital Realty Trust, L.P. The company is focused on providing data center, colocation, and interconnection solutions for domestic and international customers across a variety of industry verticals ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products. As of March 31, 2026, the company's 309 data centers, including 89 data centers held as investments in unconsolidated entities, contain applications and operations critical to the day-to-day operations of technology industry and corporate enterprise data center customers. Digital Realty's portfolio is comprised of approximately 3.0 gigawatts of IT capacity, as well as approximately 6.3 gigawatts of buildable IT capacity under active development and held for future development, located throughout North America, Europe, South America, Asia, Australia, and Africa. Digital Realty Trust, Inc. was established and incorporated on March 09, 2004 in Maryland and is based in Austin, Texas.

American Tower Corporation is one of the largest global real estate investment trusts. It is a leading independent owner, operator and developer of multitenant communications real estate. The Company's primary business is the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in a few other industries. The Company refers to this business, inclusive of its data center business discussed below, as its property operations. Additionally, the Company offers tower-related services in the United States, which the Company refers to as its services operations. These services include site application, zoning and permitting, structural and mount analyses, and construction management services, together with program management offerings that support customer deployment needs from project scoping through construction. The Company's services operations primarily support the Company's site leasing business, including through the addition of new tenants and equipment on its sites. The Company's customers include its tenants, licensees and other payers. American Tower Corporation was incorporated in 1995 in Delaware and is based in Massachusetts, Boston.

Realty Income owns long-duration rental real estate and depends on debt-market financing and acquisition spreads.

Realty Income depends heavily on issuing large amounts of continuous debt and equity capital to fund its multi-billion dollar commercial real estate acquisitions.

Prologis is identified as a global owner, operator, and developer of industrial real estate rather than a direct transaction counterparty.

EPR directly owns the acquired real estate and expects lease economics from the U.S. parks under a long-term master lease.

EPR is the direct buyer and real-estate owner of the seven-park portfolio. The acquisition expands its experiential-property base and places the six U.S. parks under a long-term master lease, creating potential recurring rental income. The benefit remains exposed to attendance, tenant credit quality and capital requirements.

NNN is explicitly described as a public net-lease REIT that continuously pursues acquisitions.

NNN owns retail properties with long-duration net-lease economics, making it an indirect peer rather than a transaction party.

Getty directly receives rent under four unitary net leases with 20-year initial terms and five-year rent increases.

Getty Realty has meaningful exposure to convenience and gas-station properties through ownership and leasing rather than retail operations.

BWP is predominantly a landlord of large-format retail warehouses, so property rent, occupancy and valuation changes directly affect rental income and trust value.

Innovative Industrial Properties, Inc. is an independently managed, Maryland-based corporation primarily focused on acquiring, owning, and overseeing unique real estate assets. These properties are subsequently leased to experienced, state-licensed operators who utilize them for their regulated medical cannabis facilities. For tax purposes, the company adopted the structure of a Real Estate Investment Trust (REIT) starting from the end of 2017.

IIPR directly owns and leases specialized properties to regulated cannabis operators, making it a direct participant in the cannabis real-estate market.

Strawberry Fields receives substantially all revenue from long-term triple-net leases on skilled-nursing and related properties, leaving it indirectly exposed to tenant operating cash flow.

Strawberry Fields is a skilled-nursing-focused landlord whose growth depends on acquiring facilities and leasing them to operators. CareTrust's new acquisition and $600 million pipeline increase competition for comparable properties and could make STRW's future acquisitions more expensive or less yield-accretive.

CareTrust owns SNF real estate and receives contractual rent; its operating exposure is indirect and depends on operators covering rent.

CareTrust is the direct acquirer. The completed $400 million skilled-nursing portfolio expands its owned rent-producing asset base and supports future rental income, NOI and AFFO. The additional approximately $600 million pipeline provides further external-growth potential, although equity-forward funding creates possible future share dilution.

Owns the underlying land/buildings, benefitting from the validation of the 'PropCo' model.

VICI is the direct real-estate landlord. Its Alberta properties remain leased after the operating-tenant transition, with Highfield expected to enter a new 20-year lease starting at C$10.7 million of annual base rent. This preserves contractual rental income, although closing and the new tenant's credit quality remain subject to approvals and operating performance.

GLPI has demonstrated direct capacity to acquire racino real estate and provide landlord capital while the operating business continues running the facility.

GLPI is a leading gaming REIT focused on US regional casino properties. The sale of nine wholly owned properties by Churchill Downs represents a major opportunity for sale-leaseback transactions or financing partnerships for incoming buyers.

FSP owns an office portfolio and carries substantial debt, making it directly exposed to occupancy, property values and refinancing costs.

ESRT is a New York City-focused owner and operator with approximately 7.5 million rentable square feet of office space, making its operating exposure direct and concentrated.

Link REIT is a retail landlord whose earnings depend on occupancy and rental income from physical retail assets.

Japan Prime Realty shows strong recurring-income resilience through rent increases, rising rental revenue, and 99.2% occupancy.

Dar Al Arkan Real Estate Development Company, along with its affiliated entities, predominantly engages in conceiving, selling, and leasing property projects across the Kingdom of Saudi Arabia. The company's operations are divided into two core areas: Development Properties and Asset Management. Its comprehensive scope of work involves the procurement, design, construction, oversight, functioning, and upkeep of residential buildings, commercial properties, and public facilities. Furthermore, the firm is active in the acquisition, divestiture, and rental of real estate investments, coupled with land purchasing and general construction contracting. Founded in 1994, Dar Al Arkan Real Estate Development Company is based in Riyadh, Saudi Arabia.

Real estate developer directly integrated into the Vision 2030 residential and commercial masterplans.

Greentown has direct settlement, sales, inventory and margin exposure to the residential property cycle.

Country Garden is a residential property developer whose sales, construction and project funding directly determine property-project volume.

Country Garden is a distressed Chinese residential developer. Further weakness in property investment, starts and completions reduces presale cash inflows, increases project-completion obligations and makes refinancing more difficult.

Vanke is a major residential developer whose revenue and cash flow are directly tied to property sales, project completion and refinancing.

China Overseas Land remains a direct mainland property developer, with current contracted sales and future landbank tied to the property cycle.

Industrial Logistics Properties Trust (ILPT) operates as a Real Estate Investment Trust (REIT) specializing in the ownership and leasing of industrial and logistics facilities nationwide. Its management is handled by an operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management firm headquartered in Newton, MA.

IVR is a mortgage REIT with documented book-value sensitivity to mortgage-market valuation conditions, though the retrieved evidence is less specific about its current Agency MBS mix.

Invesco Mortgage Capital is another leveraged mortgage REIT exposed to mortgage-asset valuation and funding-market stress. The Dynex result confirms that wider Agency MBS spreads, rather than only parallel interest-rate moves, can produce large book-value losses; that is a negative read-through for IVR, with medium confidence because no IVR-specific Q3 result is provided.

STWD is a named commercial mREIT participating in loan originations, making it a close competitive peer.

Starwood is explicitly characterized as a commercial-mortgage lender rather than a landlord.

ARI is identified as a commercial mortgage REIT with commercial loan origination activity and therefore has high CRE overlap.

ABR is a nationwide REIT and direct lender in real estate finance, giving it substantial CRE origination overlap.

Ladder Capital Corp engages in three core business activities. Its Lending division originates first mortgage loans, comprising "conduit" loans backed by stable, revenue-generating commercial real estate, and "balance sheet" loans for commercial properties undergoing significant change, such as lease-up, sale preparation, or rehabilitation. This segment also deploys capital into various structured real estate debt instruments, including note purchase financings, subordinated debt, and mezzanine financing. The Securities division focuses its investments on commercial mortgage-backed securities (CMBS), U.S. Agency Securities, corporate bonds, and equity holdings. Through its Real Estate division, the company acquires and maintains a diverse portfolio of commercial and residential properties, which spans office buildings, student housing, hotels, industrial sites, retail centers, and condominium units. Established in 2008 and headquartered in New York City, Ladder Capital Corp is recognized as a real estate investment trust (REIT) for federal income tax purposes, enabling it to generally bypass federal corporate income taxes by distributing at least 90% of its taxable earnings to shareholders.

LADR is a public commercial real estate finance company with loans, securities, and owned real estate, creating substantial though diversified overlap.

KKR Real Estate Finance Trust Inc. (KREF) operates as a mortgage real estate investment trust (REIT), primarily focused on originating and acquiring first-lien debt secured by commercial properties. Its investment strategy includes a range of commercial real estate credit products, such as both leveraged and unleveraged commercial mortgage loans, as well as commercial mortgage-backed securities (CMBS). As an elected REIT, the company is exempt from federal corporate income tax, provided it distributes a minimum of 90% of its taxable income to its shareholders. KREF was established in 2014 and maintains its corporate headquarters in New York, New York.

MFA Financial, Inc., along with its subsidiary entities, operates as a real estate investment trust (REIT) within the United States. The company strategically allocates capital into various residential mortgage-related assets. These assets include diverse mortgage-backed securities (MBS) such as non-agency, agency, and credit risk transfer instruments. Furthermore, MFA invests in residential whole loans, specifically purchasing performing, credit-deteriorated, and non-performing loans, in addition to assets linked to mortgage servicing rights. Having chosen to be classified as a REIT for tax purposes, the company avoids federal income taxation, contingent upon distributing a minimum of 90% of its taxable income to its shareholders. MFA Financial, Inc. was founded in 1997 and is based in New York, New York.

Equinix captures recurring rent and interconnection revenue from owning and leasing data-center facilities used by cloud and technology customers.

SBA Communications Corporation stands as a premier owner, operator, and provider of crucial wireless communication infrastructure across North, Central, and South America, in addition to South Africa. Guided by its mission to 'Build Better Wireless,' the company primarily earns revenue from two core business areas: the leasing of antenna space and providing comprehensive site development services. Its central activity revolves around renting out capacity on its shared communication towers to various wireless service providers through long-term contractual agreements. For further details, please visit www.sbasite.com.

SBA is a tower REIT with substantial U.S. revenue from major wireless carriers, placing it on the landlord and lease-receivable side of the economics rather than the carrier cost side.

Mitsui Fudosan identifies leasing and management as the recurring spine of its model, providing resilience against delayed residential completions or property sales.

Mitsui Fudosan explicitly separates recurring leasing and management from the less-recurring residential-completion and property-sale businesses.

Mitsubishi Estate has steady owned-asset rental income and investment-management and service fees that can reduce volatility from cyclical development and sales.

Mitsubishi Estate combines recurring rents with cyclical development profits and residential sales, creating meaningful but diversified disposition exposure.

China Resources Land has substantial development-property operations, although rental and shopping-mall income diversify its operating cash flow.

China Resources Land may selectively acquire viable projects or land banks released through creditor-driven consolidation and discounted sales. The opportunity is conditional and is partly offset by continued exposure to the weak mainland property cycle.

Daito Trust has direct master-lease and rental-management exposure, including the economics of guaranteed rent and the underlying occupancy of managed properties.