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

Financials
Investment Management
281.49Cr +0.46%
Real Estate
Other Commercial REITs
29.29L -1.29%
Technology
Telecommunications Network Infrastructure
199.83Cr +19.26%
Real Estate
Other Real Estate Development & Operations
344.46Cr +47.18%
Real Estate
Healthcare REITs
158.61Cr +35.05%
Real Estate
Diversified REITs
151.25Cr +0.63%
Real Estate
Office Real Estate Development
297.16Cr +19.68%
Real Estate
Hospitality REITs
37Cr +20.11%
Real Estate
Retail REITs
31Cr +22.79%
Real Estate
Other Real Estate Development & Operations
909.64Cr +14.03%
Real Estate
Other Commercial REITs
215.78Cr +14.53%
Real Estate
Self-Storage REITs
272.85Cr +0.92%
Real Estate
Other Specialized REITs
51Cr +23.63%
Real Estate
Other Specialized REITs
9.4TCr +24.80%
Real Estate
Healthcare REITs
48Cr +7.43%
Real Estate
Other Commercial REITs
49Cr +16.79%
Real Estate
Other Specialized REITs
3.25TCr +32.41%
Real Estate
Retail REITs
198.83Cr +21.45%
Real Estate
Timber REITs
1.93TCr +12.92%
Real Estate
Other Commercial REITs
330.74Cr +9.12%
Real Estate
Other Real Estate Development & Operations
1.44TCr +12.09%
Real Estate
Healthcare REITs
412.42Cr +15.21%
Real Estate
Healthcare REITs
425.46Cr +16.94%
Real Estate
Other Commercial REITs
6.04TCr +16.48%
Real Estate
Other Specialized REITs
418.76Cr +3.90%
Real Estate
Industrial REITs
352.08Cr -3.89%
Real Estate
Other Specialized REITs
42Cr +22.30%
Real Estate
Retail REITs
84Cr +9.17%
Real Estate
Diversified REITs
445.34Cr +17.21%
Real Estate
Hospitality REITs
144.83Cr +12.63%
Real Estate
Other Commercial REITs
78Cr +9.50%
Real Estate
Other Commercial REITs
149.74Cr +10.97%
Real Estate
Other Specialized REITs
6.22TCr +16.97%
Real Estate
Self-Storage REITs
257.5Cr +18.65%
Real Estate
Diversified REITs
259.02Cr +2.22%
Real Estate
Hospitality REITs
149.13Cr +11.24%
Real Estate
Other Real Estate Development & Operations
951.34Cr +11.08%
Real Estate
Mortgage REITs
63Cr +3.57%
Real Estate
Hospitality REITs
1.37TCr +12.18%
Industrials
Other Business Support Services
189.3Cr -0.99%
Real Estate
Healthcare REITs
48Cr +6.91%
Real Estate
Retail REITs
152.37Cr +6.98%
Real Estate
Other Commercial REITs
110.36Cr +13.07%
Real Estate
Industrial REITs
13TCr +8.86%
Real Estate
Mortgage REITs
1.26TCr +5.97%
Real Estate
Diversified REITs
10Cr -11.43%
Real Estate
Healthcare REITs
893.84Cr +10.65%
Real Estate
Retail REITs
118.49Cr +12.41%
Real Estate
Hospitality REITs
36Cr +9.99%
Real Estate
Retail REITs
196.09Cr +14.51%
- - 252.19Cr -
Real Estate
Residential REITs
155.26Cr +11.76%
Real Estate
Healthcare REITs
381.49Cr +10.21%
Real Estate
Retail Real Estate Development
306.74Cr +20.29%
Real Estate
Retail REITs
541.91Cr +4.42%
Real Estate
Other Commercial REITs
288.94Cr +10.67%
Real Estate
Retail REITs
1.53TCr +12.04%
Real Estate
Self-Storage REITs
3.11TCr +12.39%
Real Estate
Hospitality REITs
123.62Cr +11.28%
Real Estate
Retail REITs
898Cr +11.71%
Real Estate
Mortgage REITs
204.77Cr +3.45%
Real Estate
Other Commercial REITs
49Cr +12.17%
Real Estate
Healthcare REITs
4.05TCr +10.16%
Real Estate
Residential REITs
1.25TCr +3.84%
Real Estate
Hospitality REITs
20Cr +4.18%
Real Estate
Healthcare REITs
15TCr +13.53%
Real Estate
Retail REITs
480.51Cr +7.39%
Real Estate
Hospitality REITs
201.06Cr +10.16%
Real Estate
Residential REITs
1.31TCr +11.90%
Real Estate
Healthcare REITs
187.55Cr +14.57%
Real Estate
Diversified REITs
1.63TCr +15.29%
Financials
Other Investment Management & Fund Operators
660.1Cr +10.19%
Real Estate
Diversified REITs
55Cr +4.08%
Real Estate
Other Real Estate Development & Operations
1.85TCr +19.73%
Real Estate
Residential Real Estate Development
351.62Cr +18.52%
Real Estate
Other Commercial REITs
1.46TCr +10.24%
Real Estate
Self-Storage REITs
5.27TCr +15.74%
Real Estate
Office REITs
15Cr +17.26%
Real Estate
Office REITs
356.31Cr +13.45%
Real Estate
Other Commercial REITs
238.54Cr +8.83%
Real Estate
Healthcare REITs
327.22Cr +8.80%
Real Estate
Healthcare REITs
60Cr +10.18%
Real Estate
Other Commercial REITs
27Cr +7.10%
Real Estate
Retail REITs
1.39TCr +10.36%
Real Estate
Healthcare REITs
1.4TCr +6.90%
Real Estate
Industrial REITs
785.5Cr +11.33%
Real Estate
Retail REITs
261.61Cr +8.23%
Real Estate
Other Commercial REITs
61Cr +2.82%
Real Estate
Retail Real Estate Development
182.93Cr +8.01%
Real Estate
Other Commercial REITs
106.28Cr -5.27%
Real Estate
Retail REITs
842.19Cr +11.88%
Real Estate
Industrial REITs
688.62Cr +12.59%
Real Estate
Healthcare REITs
508.58Cr +6.49%
Real Estate
Other Commercial REITs
371.62Cr +13.07%
- - 161.31Cr -
Real Estate
Other Commercial REITs
1.69TCr +7.22%
Real Estate
Residential REITs
2.41TCr +1.30%
Real Estate
Industrial REITs
1.02TCr +7.17%
Real Estate
Other Commercial REITs
904.17Cr +3.97%
Real Estate
Mortgage REITs
148.25Cr +9.71%

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Sector allocation

Ratings chart - Surperformance

Ratings ESG MSCI

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