Top 30 largest US real estate companies 2020

Top US real estate companies

The real estate sector is a stronghold of stability in any economy, and the United States is no exception. Apartment renters, commercial or industrial real estate developers, and specialized property managers, many real estate companies are fighting for market share, investors’ interests, and innovation in this key sector.

The top American real estate companies are engaged in a number of operations to develop, acquire, manage, rent, and sell properties. However, not only do they provide a home to millions of Americans, but they are also involved in a number of verticals beyond the obvious housing and residential market. Multiple companies compete in the often eluded but lucrative markets of industrial and commercial property, medical facilities and senior housing, or even communication towers and forests.

Real estate companies tend to be specialized by vertical to be able to acquire, develop, manage, and rent properties more effectively, compete for market share, and reach better returns on investment. However many of them are also engaged in fierce competition on the financial markets to attract investor’s dollars that will fuel their investments in new buildings and premises in the United States and around the world. Thus, to be more financially effective, most leading real estate companies adopt the structure of Real Estate Investment Trust – REIT.

What is a Real Estate Investment Trust – REIT?

A Real Estate Investment Trust, usually abbreviated as REIT, is a type of company that owns, and often also operates income-producing properties (equity REIT), or finances income-producing properties (mortgage REIT), or both (hybrid REIT). Based on the model of mutual funds, REITs enable the grouping of capital from multiple investors while allowing individual investors to receive dividends from real estate.

Most often traded publicly on stock exchanges like regular stocks, REITs are highly liquid investments that any investor (individuals, companies, institutions…) can acquire and sell. They are usually specialized in a certain type of property (residential, commercial, industrial, medical, data centers, hotels, infrastructure…). but some REITs also have incorporated some level of portfolio and/or geographic diversification.

To be legally considered as a REIT, a company has to comply with certain financial rules (primarily onwing and deriving income from real estate, and paying most of its profits as dividends to shareholders), but they can in exchange benefit from reduced corporation tax and capital gains tax. These characteristics make REIT shares very liquid, producing income from dividends, but often provide little capital appreciation.

The success of the REIT model is very obvious when considering the largest real estate companies: 29 out of the top 30 American real estate companies by market capitalization are REITs (the only non-REIT company in the list is CBRE).

List of the top 30 largest American real estate companies by market capitalization

To give you a broader view on the actors of the property sector in the US, details about the thirty largest companies that make the American real estate, included in the S&P 500 index, have been listed hereafter. Each company is detailed with presentations of its sub-industry, activities, market capitalization, a direct link to its website, logo, and stock symbol.

For more information on other leading American companies, check our other posts:

The real estate companies listed hereafter are ranked by market capitalization in United States Dollars, as of effective close on Friday, February 7, 2020. They are defined as belonging to specific sub-industries of REITs or Real Estate Services.

For the complete list of the top 500 US companies that constitute the S&P 500 index, and much more information on each company, check our Top 500 US Companies Excel Spreadsheet. For more information on the largest 1000 US companies, which make up the Russell 1000 index, you can also check our Top 1000 US Companies Excel Spreadsheet.

Note that if you are searching for information on these companies to invest in their stocks, make sure you know what you are doing as your investment will be subject to significant risks with the evolution of stock prices. To learn more about investing in the stock market and managing your portfolio, check our post on the best online courses on stock investing and trading.

Shortcuts to each real estate company

To facilitate your browsing in this long list, here are quick links to go directly to the details of any of the top 30 American real estate companies. Be sure to also check the Top 10 US real estate companies’ summary after the list!

30. Aimco

Aimco logoSub-Industry: Residential REITs

Apartment Investment and Management Company, more simply known as Aimco, is a real estate investment trust specialized in residential apartment communities. It owns more than 36,000 apartments in units in the urban areas of Atlanta, San Francisco, Boston, Chicago, Denver, Washington, Los Angeles, Miami, New York City, Philadelphia, San Diego, and Seattle.

Website: aimco.com – Market Cap.: $7.946 Billion – Stock symbol: AIV

29. Kimco Realty

Kimco Realty logoSub-Industry: Retail REITs

Kimco Realty Corporation is a real estate investment trust specialized in shopping centers. Founded in 1966, Kimco has developed and acquired properties to now own more than 400 shopping centers across the United States.

Website: kimcorealty.com – Market Cap.: $8.472 Billion – Stock symbol: KIM

28. Iron Mountain

Iron Mountain logoSub-Industry: Specialized REITs

Iron Mountain Incorporated is a storage and information management services operating as a real estate investment trust. It provides services for the storage and protection of business information and data, as well as cultural and historical artifacts. Iron Mountain owns and operates more than 1,400 facilities in more than 50 countries.

Website: ironmountain.com – Market Cap.: $9.134 Billion – Stock symbol: IRM

27. Federal Realty

Federal Realty logoSub-Industry: Retail REITs

Federal Realty Investment Trust is a real estate investment trust specialized in shopping centers. It invests and owns interests more than 100 shopping centers in the Northeastern United States, Mid-Atlantic states, California, and South Florida.

Website: federalrealty.com – Market Cap.: $9.668 Billion – Stock symbol: FRT

26. Regency Centers

Regency Centers logoSub-Industry: Retail REITs

Regency Centers Corporation is a real estate investment trust specialized in grocery retail shopping centers. It owns more than 400 properties across the US and focuses on retail centers anchored on grocery stores as their main tenants.

Website: regencycenters.com – Market Cap.: $10.577 Billion – Stock symbol: REG

25. Host Hotels & Resorts

Host Hotels & Resorts logoSub-Industry: Hotel & Resort REITs

Host Hotels & Resorts, Inc. is a real estate investment trust specialized in hotels. Tracing its origins to 1897, after having expanded to various businesses, being acquired by Marriot, then split from its mother company and refocused on hotels as a REIT, Host Hotels & Resorts now owns more than 80 upscale hotels across the United States, which amount to about 46,000 rooms.

Website: hosthotels.com – Market Cap.: $11.949 Billion – Stock symbol: HST

24. Vornado Realty Trust

Vornado Realty Trust logoSub-Industry: Office REITs

Vornado Realty Trust is a real estate investment trust primarily investing in buildings in Manhattan, New York. It owns and operates key properties, including office, street retail, signage, and residential buildings, and is also involved in the development and redevelopment of new properties. Vornado also owns participation in some properties in San Francisco, Chicago and owns a share of the New York-focused REIT, Alexander’s.

Website: vno.com – Market Cap.: $12.661 Billion – Stock symbol: VNO

23. Duke Realty

Duke Realty logoSub-Industry: Industrial REITs

Duke Realty is a real estate investment trust specialized in industrial properties. It owns, develops, and manages warehouses and distribution centers, primarily used by e-commerce and supply chain companies. Duke Realty has properties throughout the United States, but especially in the Midwest and the South.

Website: dukerealty.com – Market Cap.: $13.464 Billion – Stock symbol: DRE

22. Extra Space Storage

Extra Space Storage logoSub-Industry: Specialized REITs

Extra Space Storage is a real estate investment trust specialized in self-storage units. It owns and operates more than 1,800 storage facilities across the United States, with 1.3 million storage units. Extra Space Storage also maintains solar energy installations on many of its properties.

Website: extraspace.com – Market Cap.: $14.273 Billion – Stock symbol: EXR

21. UDR

UDR logoSub-Industry: Residential REITs

UDR is a real estate investment trust that invests in apartments. It provides high-quality apartments in some of the most sought-after residential areas throughout the United States, together with service and amenities. UDR owns interests in more than 120 residential communities with about 40,000 apartments.

Website: udr.com – Market Cap.: $14.31 Billion – Stock symbol: UDR

20. Mid-America Apartments

MAA logoSub-Industry: Residential REITs

Mid-America Apartment Communities, more simply known as MAA, is a real estate investment trust specialized in residential apartments. Operating primarily in the Southeastern and Southwestern United States, MAA owns more than 300 apartment communities.

Website: maac.com – Market Cap.: $16.105 Billion – Stock symbol: MAA

19. Healthpeak Properties

Healthpeak Properties logoSub-Industry: Health Care REITs

Healthpeak Properties, Inc. is a real estate investment trust specialized in life science facilities, medical offices, and senior care housing. With life science campuses in San Francisco, Boston, and San Diego, prominent properties in leading hospitals, and more than 27,000 senior housing units around the US, Healthpeak owns more than $20 billion in real estate properties.

Website: healthpeak.com – Market Cap.: $17.987 Billion – Stock symbol: PEAK

18. Alexandria

Alexandria logoSub-Industry: Office REITs

Alexandria Real Estate Equities, more simply known as Alexandria, is a real estate investment trust focusing on offices and laboratories for the tech and life science industries. It owns and operates more than 290 properties primarily in the areas of Greater Boston, San Francisco, and San Diego. Alexandria has developed a venture capital firm investing in life science companies.

Website: are.com – Market Cap.: $20.558 Billion – Stock symbol: ARE

17. Essex Property Trust

Essex Property Trust logoSub-Industry: Residential REITs

Essex Property Trust is a real estate investment trust specialized in apartments. It owns more than 240 apartment complexes, primarily located on the US West Coast, as well as an office building.

Website: essexapartmenthomes.com – Market Cap.: $20.805 Billion – Stock symbol: ESS

16. Weyerhaeuser

Weyerhaeuser logoSub-Industry: Specialized REITs

Weyerhaeuser Company is a real estate investment trust specialized in timberland. It is involved in the sustainable management of more than 12 million acres of timberland in the US, and more than 14 million acres in Canada, producing timber and wood products. Weyerhaeuser also manages the natural resources, energy, and real estate associated with its land.

Website: weyerhaeuser.com – Market Cap.: $21.296 Billion – Stock symbol: WY

15. CBRE

CBRE logoSub-Industry: Real Estate Services

CBRE Group, Inc., is a company dedicated to real estate services and investment. Tracing its origins to 1906, CBRE now offers services for property occupiers including facilities management, project management, sales, and leasing transaction, and consulting. For investors, it provides financial and leasing services, investment and property management, valuation, and development.

Website: cbre.com  – Market Cap.: $21.434 Billion – Stock symbol: CBRE

14. Ventas

Ventas logoSub-Industry: Health Care REITs

Ventas, Inc., a real estate investment trust specialized in healthcare real estate. It acquires, develops, and manages a diversified portfolio of properties in seniors housing, medical office, research and innovation, and other healthcare, with more than $36 billion worth of investments.

Website: ventasreit.com – Market Cap.: $21.969 Billion – Stock symbol: VTR

13. Boston Properties

Boston Properties logoSub-Industry: Office REITs

Boston Properties, Inc. is a real estate investment trust specialized in office buildings. Involved in about 160 Class A office properties, Boston Properties primarily operates in the areas of Boston, Los Angeles, New York City, San Francisco, and Washington, D.C.

Website: bostonproperties.com – Market Cap.: $22.066 Billion – Stock symbol: BXP

12. Digital Realty

Digital Realty logoSub-Industry: Specialized REITs

Digital Realty Trust, Inc. is a real estate investment trust specialized in data centers and services of connectivity and cloud. It owns and operates more than 280 data centers in 22 countries, and is especially present in the United States, Europe, and Asia.

Website: digitalrealty.com – Market Cap.: $25.715 Billion – Stock symbol: DLR

11. Realty Income

Realty Income logoSub-Industry: Retail REITs

Realty Income Corporation is a real estate investment trust primarily focusing on commercial properties. It owns more than 6,500 properties leased for 10 to 20 years primarily to retail store tenants throughout the United States, in Puerto Rico, and the United Kingdom. Realty Income Corporation thus guarantees a steady cash flow to pay monthly dividends to its stockholders, marketing itself to financial investors with the trademark phrase “The Monthly Dividend Company”.

Website: realtyincome.com – Market Cap.: $25.914 Billion – Stock symbol: O

10. SBA Communications

SBA Communications logoSub-Industry: Specialized REITs

SBA Communications Corporation is a real estate investment trust specialized in wireless infrastructure. It develops, operates, and leases various infrastructure and equipment for mobile carriers and wireless broadband providers, such as small cells, indoor/outdoor distributed antenna systems, and traditional cell sites. SBA Communications primarily operates in the United States, Canada, Brazil and Latin America, and South Africa.

Website: sbasite.com – Market Cap.: $29.143 Billion – Stock symbol: SBAC

9. AvalonBay Communities

AvalonBay Communities logoSub-Industry: Residential REITs

AvalonBay Communities, Inc. is a real estate investment trust dedicated to residential properties. It develops, redevelops, acquires, and manages more than 75,000 apartment units, located in the New England area, the New York City and Washington, D.C. metropolitan areas, and the states of California, Washington, Florida, and Colorado.

Website: avaloncommunities.com – Market Cap.: $30.61 Billion – Stock symbol: AVB

8. Equity Residential

Equity Residential logoSub-Industry: Residential REITs

Equity Residential is a real estate investment trust specialized in apartments. It owns and operates about 80,000 apartments in 300 properties located in prime markets including, New York City, Boston, Washington, D.C., San Francisco, Los Angeles, and Seattle.

Website: equityapartments.com – Market Cap.: $31.295 Billion – Stock symbol: EQR

7. Welltower

Welltower logoSub-Industry: Health Care REITs

Welltower Inc. is a real estate investment trust specialized in health care infrastructure. It is involved in the development and management of seniors housing, post-acute care, and health systems facilities, hospitals, medical office buildings, and other healthcare properties

Website: welltower.com – Market Cap.: $34.14 Billion – Stock symbol: WELL

6. Public Storage

Public Storage logoSub-Industry: Specialized REITs

Public Storage is a self-storage company operating as a real estate investment trust. Public Storage is the largest self-storage company in the United States and the world, managing more than 2,200 self-storage facilities in the United States, and seven European countries, where it operates under the Shurgard brand.

Website: publicstorage.com – Market Cap.: $39.343 Billion – Stock symbol: PSA

5. Simon Property Group

Simon Property Group logoSub-Industry: Retail REITs

Simon Property Group, Inc. is a real estate investment trust specialized in retail properties. It owns and operates more than 300 premier shopping, dining, entertainment, and mixed-use properties in 37 US States, and beyond, in North America, Europe, and Asia.

Website: simon.com – Market Cap.: $43.275 Billion – Stock symbol: SPG

4. Equinix

Equinix logoSub-Industry: Specialized REITs

Equinix, Inc. is a multinational company dedicated to Internet connection and data centers operating as a real estate investment trust. It manages more than 210 data centers on 5 continents and provides services in data infrastructure, management and connectivity, cloud services, and other related services.

Website: equinix.com – Market Cap.: $51.679 Billion – Stock symbol: EQIX

3. Crown Castle

Crown Castle logoSub-Industry: Specialized REITs

Crown Castle International Corporation, more simply known as Crow Castle, is a communications infrastructure company operating as a real estate investment trust. It manages more than 40,000 communications towers and small cells and about 80,000 route miles of fiber across the United States.

Website: crowncastle.com – Market Cap.: $62.794 Billion – Stock symbol: CCI

2. Prologis

Prologis logoSub-Industry: Industrial REITs

Prologis, Inc. is a multinational real estate investment trust specialized in logistics, also involved in sustainable development and renewable energy production. The world’s leader in industrial real estate, Prologis owns more than 4,600 logistics and distribution centers and facilities in 19 countries of America, Europe, and Asia, representing more than $136 Billion of assets under management.

Website: prologis.com – Market Cap.: $68.813 Billion – Stock symbol: PLD

1. American Tower

American Tower logoSub-Industry: Specialized REITs

American Tower Corporation, also known as ATC, is a real estate investment trust specialized in wireless communications infrastructure. It owns and operates more than 180,000 communications sites, with more than 40,000 in the United States and about 140,000 properties in Latin America, Europe, and Africa. American Tower leases space on wireless communications towers and provides in-building services, distributed antenna systems, and managed rooftops services.

Website: americantower.com – Market Cap.: $105.752 Billion – Stock symbol: AMT

Summary: Top 10 US Real Estate Companies 2020

To give you a quick overview of the largest American real estate companies in 2020, here is a synthesizing image regrouping the information of the top 10. Note that you can use this image to embed it on your website and other digital properties using the embed code below.

Top 10 US Real Estate Companies 2020

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Here are the 30 largest American real estate companies. Do you think they are worth their market capitalization? Do they provide a valuable and convenient service? Do they have too much economic power… and maybe political power too?

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