4 companies · median 19 of 36 checks · prices as of 2026-09-08
REITs and investment offices stocks.
Sorted by how many checks each one passes. Sort by any column to see who is cheapest, who is growing, or who has the strongest balance sheet - and how that compares with what is normal for the industry.
Ranked by checks passed
4 of 201 covered companies→The REITs and investment offices we cover score close together, from 16 to 20 of 36 checks, with a median of 19.
→PLD, AMT, SPG are 83% of the $337.3B we cover here, so a sector average says more about them than about the rest.
 Simon Property GroupSPGreitOwns and runs premium shopping malls and outlet centres.ReportFact sheet | +1.2% | +21.8% | 4 | 5 | 5 | 4 | 1 | 1 | 20/36 |
 American TowerAMTreitOwns cell towers worldwide and leases space on them to wireless carriers.ReportFact sheet | -0.1% | -8.0% | 1 | 3 | 5 | 2 | 5 | 3 | 19/36 |
 Realty IncomeOreitOwns thousands of single-tenant shops and warehouses, and pays its rent out as a monthly dividend.ReportFact sheet | -0.4% | +8.5% | 2 | 3 | 5 | 4 | 4 | 0 | 18/36 |
 PrologisPLDreitOwns logistics warehouses worldwide and leases them to shippers and retailers.ReportFact sheet | +0.8% | +25.8% | 0 | 0 | 6 | 5 | 4 | 1 | 16/36 |
The filings behind this table close between 2026-03-31 and 2026-06-30, because these companies do not share a fiscal calendar; prices are the close of 2026-09-08. Each name links to its full report; every score is a count of pass-or-fail checks read from that company's own filings.
Where the sector falls short
median score per axis→Trend analysis is where the REITs and investment offices we cover come up short most often, at a median of 1 of 6, while Quality runs at 5. Every one of them passes at least five of the Quality checks, so that axis separates nothing here.
| Value | ●●○○○○ | 2 of 6 |
| Growth | ●●●○○○ | 3 of 6 |
| Quality | ●●●●●○ | 5 of 6 |
| Health | ●●●●○○ | 4 of 6 |
| Shareholder returns | ●●●●○○ | 4 of 6 |
| Trend analysis | ●○○○○○ | 1 of 6 |
What a normal margin looks like here
sector percentiles · 99 filers→Operating margin varies widely among REITs and investment offices: the middle of the field runs from 14% to 47%, with a midpoint of 27% measured over 99 filers.
| Metric | Bottom third | Midpoint | Top third |
|---|---|---|---|
| Operating margin n=99 | 14.1% | 27.2% | 47.5% |
| Net margin n=187 | -4.3% | 5.4% | 18.5% |
| Return on equity n=197 | -1.4% | 2.6% | 6.2% |
Who grows, and who keeps it
every company in the industry→Every one of them grows faster than this industry's middle and keeps more of each sale than it does. The industry's middle is 4% growth on a 26% margin.
A year of price
not a fact about the business→3 of 4 are up over twelve months and the median move is +15.2% - Prologis (PLD) at +25.8% against American Tower (AMT) at -8.0%. Price is not a fact about a business, and the Trend chapter of each report says what it is measured on.
Head to head
3 pairsThe table above gives the order. These put two of them in one column each, so you can see where the difference actually is.