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

Real Estate
Healthcare REITs
3.37B +38.73%
Real Estate
Diversified REITs
5.49B +11.15%
Real Estate
Other Specialized REITs
3.9B +28.25%
Real Estate
Retail REITs
1.33B +21.58%
Real Estate
Healthcare REITs
1.16B +107.39%
Real Estate
Healthcare REITs
140B +62.11%
Real Estate
Other Commercial REITs
2.43B +30.33%
Real Estate
Healthcare REITs
37.79B +36.88%
- - 2.25B -
Real Estate
Other Commercial REITs
3.42M -25.56%
Real Estate
Other Commercial REITs
12.81B +0.88%
Real Estate
Office Real Estate Development
2.35B +51.18%
Real Estate
Diversified REITs
6.09B +5.82%
Real Estate
Retail REITs
245M +4.29%
Real Estate
Industrial REITs
119B +21.08%
Real Estate
Other Commercial REITs
1.09B +21.52%
Real Estate
Other Real Estate Development & Operations
5.14B +12.31%
Real Estate
Self-Storage REITs
2.52B +16.67%
Real Estate
Mortgage REITs
1.95B -6.79%
- - 1.54B -
Real Estate
Retail Real Estate Development
2.83B +32.73%
Real Estate
Healthcare REITs
8.43B +39.37%
Real Estate
Other Commercial REITs
2.48B +16.45%
Real Estate
Industrial REITs
7.52B +15.40%
Real Estate
Healthcare REITs
3.35B +3.80%
Real Estate
Office Real Estate Development
2.71B +2.14%
Real Estate
Other Commercial REITs
1.74B +10.76%
Real Estate
Mortgage REITs
2.04B +10.91%
Real Estate
Industrial REITs
1.77B +7.18%
Real Estate
Residential REITs
1.08B -3.70%
Real Estate
Industrial REITs
6.45B +5.31%
Real Estate
Healthcare REITs
957M +18.88%
Real Estate
Mortgage REITs
160M +45.63%
Real Estate
Industrial REITs
1.23B +10.82%
Real Estate
Healthcare REITs
13.57B +20.82%
Real Estate
Industrial REITs
9.61B +12.10%
Real Estate
Industrial REITs
2.88B +19.80%
Real Estate
Other Commercial REITs
3.22B +19.54%
Real Estate
Other Commercial REITs
1.81B +17.38%
Real Estate
Other Commercial REITs
5.57B +32.26%
Financials
Other Holding Companies
13.34B +1.10%
Real Estate
Other Real Estate Development & Operations
11.86B +19.33%
Real Estate
Other Commercial REITs
2.81B +6.64%
Real Estate
Other Real Estate Development & Operations
2.74B -0.97%
Real Estate
Diversified REITs
1.62B +26.07%
Real Estate
Industrial REITs
1.8B +14.67%
Real Estate
Industrial REITs
7.26B +14.70%
Real Estate
Industrial REITs
6.54B +29.75%
Real Estate
Office REITs
3.12B +17.95%
Technology
Telecommunications Network Infrastructure
1.57B -29.95%
Real Estate
Other Commercial REITs
2.14B +26.76%
Real Estate
Other Commercial REITs
1.62B +18.02%
Real Estate
Other Commercial REITs
15.07B +22.69%
Real Estate
Diversified REITs
611M +20.59%
Real Estate
Mortgage REITs
15.55B +24.97%
Real Estate
Other Real Estate Development & Operations
8.08B +8.69%
Real Estate
Retail REITs
1.04B +39.68%
Real Estate
Healthcare REITs
3.41B +37.95%
Real Estate
Residential REITs
2.1B +9.63%
Real Estate
Other Commercial REITs
581M -8.68%
Real Estate
Other Specialized REITs
13.42B +9.13%
Real Estate
Retail REITs
8.53B +4.90%
Real Estate
Residential REITs
1.64B +15.69%
Real Estate
Mortgage REITs
584M +4.35%
Real Estate
Diversified REITs
1.77B +24.68%
Real Estate
Other Commercial REITs
1.04B +27.52%
Real Estate
Diversified REITs
1.82B -10.79%
Real Estate
Mortgage REITs
11.25B +15.31%
Real Estate
Other Commercial REITs
3.46B +12.27%
Real Estate
Other Real Estate Development & Operations
5.57B -11.32%
Real Estate
Diversified REITs
4.52B +15.18%
Real Estate
Office Real Estate Development
2.64B +4.46%
Real Estate
Residential REITs
1.71B +22.56%
Real Estate
Mortgage REITs
283M -13.41%
Real Estate
Other Commercial REITs
1.78B +11.10%
Real Estate
Office REITs
1.23B +26.76%
Real Estate
Diversified REITs
1.25B +27.93%
Real Estate
Healthcare REITs
3.77B +13.15%
Real Estate
Office REITs
974M +21.90%
Real Estate
Office REITs
1.77B +16.38%
Real Estate
Other Specialized REITs
344M -15.85%
Real Estate
Retail Real Estate Development
1.63B -0.11%
Real Estate
Retail REITs
1.05B +9.72%
Real Estate
Diversified REITs
1.31B +14.21%
Real Estate
Residential REITs
12.03B -7.37%
Real Estate
Other Commercial REITs
2.51B -15.16%
Real Estate
Office REITs
2.26B +29.88%
Real Estate
Industrial REITs
1.4B +20.21%
Real Estate
Residential REITs
1.3B -18.86%
Real Estate
Other Commercial REITs
676M -6.70%
Real Estate
Diversified REITs
1.14B +29.30%
Real Estate
Healthcare REITs
2.06B +23.84%
Real Estate
Diversified REITs
6.15B -2.01%
Real Estate
Other Real Estate Development & Operations
8.43B -12.86%
Real Estate
Retail REITs
59.85B +6.01%
Real Estate
Retail REITs
1.81B +4.42%
Real Estate
Hospitality REITs
2.81B +21.39%
Real Estate
Other Real Estate Development & Operations
15.76B +33.50%
Real Estate
Residential REITs
1.52B +12.51%
Real Estate
Hospitality REITs
1.76B -3.10%

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Sector allocation

Ratings chart - Surperformance

Ratings ESG MSCI

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