Investment Themes

Listed real estate investment trusts

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Investment Themes

Listed real estate investment trusts (REITs) are companies that own, operate or finance real estate (housing, offices, shops, hospitals, retirement homes, infrastructure, etc.). They own and manage these properties and earn income from the rents they receive.

The first REIT was launched in the United States in 1960 to give investors and individuals easy access to the commercial real estate sector. It was the US Congress that promoted this type of investment at the time. </Since then, these companies have often been sought after by investors looking for a regular and stable income over time. These investments offer many benefits. They are mostly liquid stocks with a lot of trading every day, accessible at the click of a button from an ordinary stock account, offering a source of diversification into real and tangible assets, a more stable return than most stocks in other sectors and generating long-term performance. On this last point, the FTSE Nareit All Equity REITs, the broad index of all REITs in the world, has achieved an annualized performance of more than 11% per annum over the last 30 years (1991-2021), outperforming the S&P 500 index.

These companies do not pay tax on their profits but must meet certain criteria as we have listed them below. 

To qualify as a REIT, a company must:

  • be at least 75% invested in property. 
  • receive a minimum of 75% of its gross income from rents and/or mortgage interest and/or the sale of property. 
  • pay out at least 90% of its profits as dividends to its shareholders each year (and 100% if operating in Canada). 
  • be a taxable entity like a corporation. 
  • be managed by a Board of Directors or Trustees. 
  • have at least 100 shareholders. 
  • have no more than 50% of its shares held by five or fewer people. 

The European equivalent of REITs: SIICs

REIT must pay back 90% of total income to shareholders. 

This thematic list includes the main REITs listed worldwide and classified by market capitalization. 

Our selection

- - 406M -
Real Estate
Office REITs
841M +48.57%
Industrials
Security Services
3.91B +83.75%
Real Estate
Other Real Estate Development & Operations
3.07B +60.39%
Real Estate
Hospitality REITs
618M +93.54%
Real Estate
Diversified REITs
158M +38.24%
Real Estate
Industrial REITs
591M +61.91%
Real Estate
Hospitality REITs
1.75B +57.32%
Real Estate
Office REITs
3.57B +29.40%
Real Estate
Other Commercial REITs
7.5B +22.48%
Real Estate
Hospitality REITs
695M +35.73%
Real Estate
Hospitality REITs
2.13B +65.28%
Real Estate
Hospitality REITs
3.94B +42.28%
Real Estate
Office REITs
5.15B +24.32%
Real Estate
Office REITs
4.64B +8.13%
Real Estate
Industrial REITs
4.5B +23.72%
Real Estate
Hospitality REITs
1.9B +46.75%
Real Estate
Hospitality REITs
2.93B +39.58%
Real Estate
Office REITs
1.21B +18.47%
Real Estate
Healthcare REITs
14.99B +38.87%
Real Estate
Diversified REITs
1.56B +36.56%
Real Estate
Other Commercial REITs
1.64B +46.54%
Real Estate
Hospitality REITs
7.8B +32.12%
Real Estate
Office REITs
10.99B +4.70%
Real Estate
Office REITs
2.09B +16.01%
Real Estate
Hospitality REITs
1.11B -5.43%
Real Estate
Industrial REITs
1.84B +36.55%
Real Estate
Office REITs
3.61B +12.80%
Real Estate
Other Commercial REITs
15.73B +22.71%
Real Estate
Other Commercial REITs
661M +51.92%
Real Estate
Hospitality REITs
2.15B +28.86%
Real Estate
Diversified REITs
536M +6.19%
Real Estate
Other Commercial REITs
318M +21.02%
Real Estate
Healthcare REITs
2.16B +90.10%
Real Estate
Hospitality REITs
2.52B +37.05%
Real Estate
Other Specialized REITs
16.27B +28.28%
Real Estate
Other Commercial REITs
1.89B +45.41%
Real Estate
Retail REITs
7.49B +39.92%
Real Estate
Other Commercial REITs
3.05B +17.77%
Real Estate
Residential REITs
18.82B +13.66%
Real Estate
Hospitality REITs
16.3B +33.50%
Real Estate
Other Specialized REITs
5.86B +38.63%
Real Estate
Office REITs
182M +30.99%
Real Estate
Retail REITs
1.42B +30.38%
Real Estate
Residential REITs
17.71B +9.46%
Real Estate
Office REITs
4.15B +35.54%
Real Estate
Residential REITs
12.82B +10.61%
Real Estate
Industrial REITs
3.3B +17.10%
- - 2.66B -
Real Estate
Diversified REITs
6.74B +11.17%
Real Estate
Other Real Estate Development & Operations
4.31B -9.68%
Real Estate
Office REITs
545M +9.25%
Real Estate
Residential REITs
25.58B +11.04%
Real Estate
Retail REITs
4.62B +24.90%
Real Estate
Residential REITs
12.06B +6.98%
Real Estate
Residential REITs
27B +7.83%
Real Estate
Other Commercial REITs
10.56B +24.37%
Real Estate
Other Commercial REITs
2.75B +30.13%
Real Estate
Retail REITs
5.8B +22.99%
Real Estate
Mortgage REITs
477M -7.54%
Real Estate
Retail REITs
4.68B +22.67%
Real Estate
Healthcare REITs
165B +30.11%
Real Estate
Residential REITs
11.47B +4.08%
Real Estate
Retail REITs
72B +23.43%
Real Estate
Hospitality REITs
20.92M -24.18%
Real Estate
Other Commercial REITs
727M +21.46%
Real Estate
Industrial REITs
7.63B +27.88%
Real Estate
Office REITs
221M +6.97%
Real Estate
Industrial REITs
11.44B +25.40%
Real Estate
Retail REITs
5.33B +22.94%
Real Estate
Other Specialized REITs
36.75B +46.67%
Real Estate
Healthcare REITs
44.87B +22.82%
Real Estate
Diversified REITs
5.87B +7.92%
Real Estate
Other Commercial REITs
4.18B +31.20%
Real Estate
Retail Real Estate Services
24.91M +2.79%
Real Estate
Industrial REITs
8.74B +19.92%
Real Estate
Retail REITs
3.1B +17.86%
Real Estate
Retail REITs
9.02B +24.20%
Real Estate
Retail REITs
16.92B +28.42%
Real Estate
Other Commercial REITs
1.15B +20.95%
Real Estate
Diversified REITs
4.6B +24.77%
Real Estate
Other Commercial REITs
534M +25.38%
Real Estate
Other Commercial REITs
3.42M +6.82%
Real Estate
Diversified REITs
2.11B +9.29%
Real Estate
Other Real Estate Development & Operations
6.16B +22.18%
Real Estate
Retail REITs
2.87B +23.14%
Real Estate
Residential REITs
15.34B -2.92%
Real Estate
Other Commercial REITs
19.54M -5.65%
Real Estate
Retail REITs
872M +16.05%
Real Estate
Residential REITs
300M +2.99%
Real Estate
Office REITs
151M +18.58%
Real Estate
Retail REITs
3.49B +22.06%
Real Estate
Mortgage REITs
12.99B +6.62%
Real Estate
Retail REITs
2.07B +25.51%
Real Estate
Self-Storage REITs
3.43B +61.11%
Real Estate
Other Real Estate Development & Operations
8.93B +22.62%
Real Estate
Industrial REITs
2.86B +16.53%
Real Estate
Residential REITs
3.87B -2.92%
Real Estate
Retail REITs
1.5B +5.40%
Real Estate
Other Commercial REITs
1.83B -10.29%

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Sector allocation

Ratings chart - Surperformance

Ratings ESG MSCI

  1. Stock Market
  2. Investment Themes
  3. Listed real estate investment trusts