Industry Framework

Real Estate Investment Trusts

Measure REITs through AFFO, payout coverage, and cost of capital instead of depreciation-distorted earnings.

REITs are property cash-flow vehicles, not ordinary earnings stories. Depreciation distorts net income, dividend coverage matters, and the real economic questions sit in FFO, AFFO, balance-sheet quality, and cost of capital. The StatsAlpha(TM) REIT framework compares REITs through REIT-native cash metrics, peer percentile ranges, property-quality moat signals, and AFFO-based valuation logic. It is intended for informational analysis, not investment advice.

Money Flow Engine: Real Estate Investment Trust Moat Template: REIT Fair Value Lens: REITs Trade-Off Cluster: Equity REITs
Coverage
282
Companies currently mapped to this framework
Median Composite
48.7
Live Snapshot

Industry Fingerprint

A quick read on where this framework looks strongest today.

Strongest Pillar
Profitability
Median 56.3
Weakest Pillar
Valuation
Median 40.2
Money Flow Engine
Real Estate Investment Trust
Moat Template
REIT
Fair Value Lens
REITs
Trade-Off Cluster
Equity REITs
Leaderboard snapshot

Who Leads This Framework

Top slices selected from the strongest data already available for this industry.

Moat rankings only appear when moat coverage is deep enough to trust.
Highest Composite Score

Top 5 companies by current framework view

5 tracked
  • CTRE
    CareTrust REIT, Inc.
    71.9
    Framework score 72/100
  • VNO-PM
    Vornado Realty Trust 5.25% Seri
    71.4
    Framework score 71/100
  • VNO-PL
    Vornado Realty Trust Pfd Ser L
    71.4
    Framework score 71/100
  • VICI
    VICI Properties Inc.
    67.1
    Framework score 67/100
  • VNO
    Vornado Realty Trust
    66.9
    Framework score 67/100
Top Growth Leaders

Top 5 companies by current framework view

5 tracked
  • ACR
    ACRES Commercial Realty Corp.
    90.1
    Framework score 90/100
  • FVR
    FrontView REIT, Inc.
    82.8
    Framework score 83/100
  • CTRE
    CareTrust REIT, Inc.
    82.1
    Framework score 82/100
  • NLY-PF
    Annaly Capital Management Inc 6
    78.0
    Framework score 78/100
  • NLY-PG
    Annaly Capital Management Inc 6
    78.0
    Framework score 78/100
Top Profitability Leaders

Top 5 companies by current framework view

5 tracked
  • CTRE
    CareTrust REIT, Inc.
    95.2
    Framework score 95/100
  • SPG
    Simon Property Group, Inc.
    93.1
    Framework score 93/100
  • EPRT
    Essential Properties Realty Tru
    89.1
    Framework score 89/100
  • TRNO
    Terreno Realty Corporation
    88.6
    Framework score 89/100
  • VICI
    VICI Properties Inc.
    88.5
    Framework score 88/100
Top Valuation Leaders

Top 5 companies by current framework view

5 tracked
  • MITT-PA
    AG Mortgage Investment Trust, I
    100.0
    Framework score 100/100
  • EQC
    Equity
    100.0
    Framework score 100/100
  • MITT-PB
    AG Mortgage Investment Trust, I
    100.0
    Framework score 100/100
  • IVR-PC
    INVESCO MORTGAGE CAPITAL INC 7.
    100.0
    Framework score 100/100
  • VNO-PL
    Vornado Realty Trust Pfd Ser L
    74.9
    Framework score 75/100
Narrative Pulse

How the framework sounds in motion

Recurring storylines, tone distribution, and representative beats pulled from active companies inside this setup.

Signal View
Live beats only
01
Top Scene
Balance Sheet
87 active beats
02
Top Scene
Engine Room
33 active beats
ORC Engine Room

Scaling without slippage

Positive

Revenue up 61.6% YoY while gross margin expanded +229.1pp TTM to 329.1%

NREF Engine Room

Operating leverage at work

Positive

Revenue growing +19.7% YoY vs OpEx +1.0% - 18.7pp operating leverage (OpMargin: 1804.0%)

ORC Engine Room

Operating leverage at work

Positive

Revenue growing +61.6% YoY vs OpEx -17.8% - 79.4pp operating leverage (OpMargin: 466.2%)

For informational purposes only. Not investment advice.

Driver Patterns

What wins here

Metrics that recur most often across stronger operators in this framework.

Repeated strength markers
FCF Margin
Appears 150 times in higher-scoring names
Efficiency
75
Average normalized score
150x
Operating Cash Flow Margin
Appears 150 times in higher-scoring names
Efficiency
63
Average normalized score
150x
Interest Coverage Ratio
Appears 141 times in higher-scoring names
Health
67
Average normalized score
141x
Rev Growth YoY
Appears 136 times in higher-scoring names
Growth
50
Average normalized score
136x
Revenue CAGR 3Y
Appears 133 times in higher-scoring names
Growth
48
Average normalized score
133x
Debt/FCF Ratio
Appears 132 times in higher-scoring names
Health
34
Average normalized score
132x
Trade-Off Lens

What this framework must optimize at the same time

Equity REITs

This framework uses all three Trade-Off Ledger axes with industry-specific weights.

How to read it

Each axis sets a minimum evidence threshold. Higher coverage means the framework needs more supporting signals before the lens is treated as dependable.

Axis Balance

Coverage thresholds and enabled metrics across the core trade-off axes.

For informational purposes only
Growth
10 enabled metrics
Active
Profitability
15 enabled metrics
Active
Safety
15 enabled metrics
Active
Framework Benchmark

Pillar Score Distribution

Median and interquartile range across 282 companies in this framework.

Read the shape Use this to see whether strength is broad-based or concentrated in one pillar.
Growth
Median score
21.3 pt spread
49.6
P25 37.1 P75 58.4
0 50 100
Profitability
Median score
34.7 pt spread
56.3
P25 37.2 P75 71.9
0 50 100
Health
Median score
12.2 pt spread
43.0
P25 36.7 P75 48.9
0 50 100
Efficiency
Median score
24.0 pt spread
44.7
P25 33.4 P75 57.4
0 50 100
Valuation
Median score
14.2 pt spread
40.2
P25 32.6 P75 46.8
0 50 100
Benchmark spread map

Interquartile ranges show where the middle half of companies cluster, with the median pin marking the center of gravity for each pillar.

Pillar
0 25 50 75 100
Growth
P25 37.1 Median 49.6 P75 58.4
Profitability
P25 37.2 Median 56.3 P75 71.9
Health
P25 36.7 Median 43.0 P75 48.9
Efficiency
P25 33.4 Median 44.7 P75 57.4
Valuation
P25 32.6 Median 40.2 P75 46.8
Coverage Universe

Explore Matched Companies

Scan the full company universe mapped into the Real Estate Investment Trusts framework using live search across company name, ticker, and industry.

Matched companies 282 Informational only. Not investment advice.
282 shown
Company Market Cap Score Price Strongest Pillar
REIT - Healthcare Facilities
152.81B
50.5 Composite
$212.95 Latest close
Growth 70.0
REIT - Industrial
133.23B
49.1 Composite
$142.29 Latest close
Growth 57.2
REIT - Specialty
105.21B
52.5 Composite
$1,066.76 Latest close
Profitability 65.0
83.75B
56.2 Composite
$179.77 Latest close
Profitability 75.5
REIT - Specialty
68.45B
61.8 Composite
$194.78 Latest close
Profitability 74.6
66.78B
65.2 Composite
$201.40 Latest close
Profitability 93.1
59.69B
56.1 Composite
$61.79 Latest close
Efficiency 89.5
REIT - Industrial
54.24B
58.4 Composite
$309.33 Latest close
Profitability 79.0
45.06B
58.7 Composite
$54.22 Latest close
Profitability 78.1
REIT - Healthcare Facilities
42.11B
51.8 Composite
$86.55 Latest close
Profitability 61.4
REIT - Specialty
39.71B
48.9 Composite
$91.07 Latest close
Efficiency 66.6
37.73B
33.2 Composite
$126.81 Latest close
Profitability 46.5
REIT - Industrial
35.44B
60.2 Composite
$22.43 Latest close
Profitability 75.2
REIT - Industrial
30.82B
60.2 Composite
$18.93 Latest close
Profitability 75.2
REIT - Diversified
30.78B
67.0 Composite
$28.79 Latest close
Profitability 88.5
REIT - Industrial
30.39B
51.5 Composite
$143.27 Latest close
Profitability 66.6
REIT - Residential
26.03B
60.0 Composite
$185.79 Latest close
Profitability 83.8
REIT - Residential
24.68B
61.2 Composite
$65.86 Latest close
Profitability 84.6
REIT - Specialty
23.82B
63.3 Composite
$23.00 Latest close
Profitability 71.1
REIT - Specialty
23.19B
57.4 Composite
$218.62 Latest close
Profitability 78.6
REIT - Specialty
21.69B
63.3 Composite
$20.60 Latest close
Profitability 71.1
REIT - Specialty
17.33B
37.8 Composite
$23.70 Latest close
Profitability 49.3
REIT - Residential
17.18B
61.4 Composite
$267.37 Latest close
Profitability 78.6
REIT - Residential
17.07B
51.6 Composite
$28.97 Latest close
Growth 59.5
REIT - Diversified
16.45B
59.1 Composite
$73.90 Latest close
Profitability 79.8
16.40B
56.0 Composite
$22.38 Latest close
Profitability 80.8
15.87B
50.4 Composite
$23.53 Latest close
Profitability 64.2
REIT - Residential
15.52B
42.5 Composite
$126.07 Latest close
Profitability 61.5
REIT - Residential
15.17B
54.5 Composite
$130.36 Latest close
Profitability 74.3
REIT - Hotel & Motel
14.79B
63.4 Composite
$21.67 Latest close
Profitability 76.0
14.48B
58.3 Composite
$77.86 Latest close
Profitability 78.0
REIT - Specialty
14.30B
54.0 Composite
$151.20 Latest close
Profitability 73.0
REIT - Healthcare Facilities
13.72B
62.2 Composite
$46.13 Latest close
Profitability 86.7
REIT - Specialty
13.61B
60.8 Composite
$47.92 Latest close
Profitability 83.2
REIT - Healthcare Facilities
13.55B
47.8 Composite
$19.66 Latest close
Efficiency 70.4
REIT - Mortgage
13.30B
62.5 Composite
$25.20 Latest close
Profitability 85.6
REIT - Mortgage
13.16B
62.5 Composite
$26.00 Latest close
Profitability 85.6
REIT - Mortgage
12.31B
61.0 Composite
$10.72 Latest close
Profitability 83.7
REIT - Residential
12.27B
55.1 Composite
$63.29 Latest close
Profitability 67.5
REIT - Mortgage
12.11B
61.2 Composite
$24.98 Latest close
Profitability 83.9
REIT - Residential
12.03B
51.8 Composite
$36.93 Latest close
Profitability 58.5
REIT - Residential
11.99B
54.5 Composite
$53.77 Latest close
Profitability 70.4
REIT - Residential
11.79B
50.7 Composite
$32.42 Latest close
Profitability 66.2
REIT - Industrial
10.96B
60.1 Composite
$203.89 Latest close
Profitability 78.8
REIT - Residential
10.46B
56.3 Composite
$104.07 Latest close
Profitability 77.6
9.99B
57.7 Composite
$115.67 Latest close
Profitability 76.9
REIT - Healthcare Facilities
9.52B
47.5 Composite
$49.60 Latest close
Growth 70.5
REIT - Office
9.43B
57.2 Composite
$59.46 Latest close
Profitability 69.8
9.34B
71.4 Composite
$17.80 Latest close
Profitability 80.3
9.24B
71.4 Composite
$17.98 Latest close
Profitability 80.3
9.23B
53.8 Composite
$30.09 Latest close
Profitability 74.8
REIT - Retail
9.17B
56.9 Composite
$76.33 Latest close
Profitability 80.4
REIT - Industrial
9.11B
55.2 Composite
$40.25 Latest close
Efficiency 71.4
REIT - Mortgage
8.83B
60.2 Composite
$25.74 Latest close
Profitability 83.8
REIT - Healthcare Facilities
8.82B
71.9 Composite
$39.50 Latest close
Profitability 95.2
REIT - Industrial
8.59B
33.0 Composite
$39.97 Latest close
Growth 41.9
REIT - Retail
8.51B
56.8 Composite
$44.51 Latest close
Profitability 86.7
8.29B
56.9 Composite
$62.42 Latest close
Profitability 78.2
REIT - Industrial
8.18B
52.7 Composite
$36.09 Latest close
Profitability 69.5
REIT - Residential
8.15B
50.3 Composite
$23.98 Latest close
Efficiency 67.2
7.99B
43.6 Composite
$45.58 Latest close
Efficiency 58.0
7.86B
58.9 Composite
$19.54 Latest close
Profitability 73.0
REIT - Residential
7.81B
50.1 Composite
$23.13 Latest close
Efficiency 67.2
REIT - Industrial
7.37B
57.1 Composite
$38.67 Latest close
Profitability 79.8
REIT - Healthcare Facilities
7.01B
37.3 Composite
$19.99 Latest close
Growth 44.8
REIT - Hotel & Motel
6.97B
62.1 Composite
$110.42 Latest close
Profitability 75.7
REIT - Industrial
6.89B
64.0 Composite
$66.54 Latest close
Profitability 88.6
6.81B
61.6 Composite
$31.47 Latest close
Profitability 89.1
6.69B
50.4 Composite
$18.05 Latest close
Efficiency 81.8
6.48B
48.6 Composite
$20.49 Latest close
Profitability 54.9
6.27B
48.6 Composite
$19.93 Latest close
Profitability 54.9
REIT - Specialty
6.17B
57.8 Composite
$20.41 Latest close
Profitability 65.0
REIT - Office
6.03B
66.9 Composite
$32.04 Latest close
Profitability 83.5
5.94B
50.9 Composite
$21.97 Latest close
Profitability 54.9
REIT - Specialty
5.59B
43.5 Composite
$32.81 Latest close
Growth 51.0
REIT - Retail
5.49B
34.4 Composite
$21.37 Latest close
Growth 46.1
REIT - Mortgage
5.47B
46.5 Composite
$9.79 Latest close
Efficiency 79.9
REIT - Retail
5.41B
48.8 Composite
$26.72 Latest close
Profitability 57.2
REIT - Healthcare Facilities
5.19B
57.0 Composite
$20.58 Latest close
Profitability 73.1
5.07B
51.9 Composite
$40.05 Latest close
Profitability 71.5
REIT - Specialty
4.77B
59.3 Composite
$20.30 Latest close
Profitability 71.4
REIT - Residential
4.68B
46.0 Composite
$26.90 Latest close
Profitability 66.8
REIT - Specialty
4.43B
53.6 Composite
$57.88 Latest close
Profitability 72.0
4.32B
55.0 Composite
$26.25 Latest close
Efficiency 70.5
REIT - Industrial
4.26B
20.9 Composite
$14.97 Latest close
Health 30.2
REIT - Retail
4.17B
55.7 Composite
$36.33 Latest close
Growth 68.5
REIT - Office
4.08B
56.4 Composite
$34.57 Latest close
Profitability 80.0
REIT - Residential
3.86B
42.9 Composite
$16.37 Latest close
Profitability 49.8
REIT - Diversified
3.81B
54.7 Composite
$19.86 Latest close
Profitability 71.1
REIT - Mortgage
3.74B
30.0 Composite
$24.88 Latest close
Efficiency 49.5
REIT - Industrial
3.64B
55.1 Composite
$21.77 Latest close
Profitability 66.8
REIT - Healthcare Facilities
3.64B
61.1 Composite
$75.07 Latest close
Profitability 79.0
REIT - Office
3.61B
60.4 Composite
$31.82 Latest close
Profitability 77.8
REIT - Mortgage
3.39B
41.6 Composite
$24.48 Latest close
Efficiency 63.5
REIT - Mortgage
3.38B
41.6 Composite
$24.52 Latest close
Efficiency 63.5
REIT - Mortgage
3.35B
30.0 Composite
$24.66 Latest close
Efficiency 49.5
REIT - Industrial
3.35B
41.7 Composite
$43.33 Latest close
Efficiency 60.5
REIT - Hotel & Motel
3.28B
60.0 Composite
$13.89 Latest close
Profitability 75.8
REIT - Mortgage
3.23B
41.5 Composite
$23.16 Latest close
Efficiency 63.5
3.23B
45.1 Composite
$19.15 Latest close
Growth 61.2
REIT - Office
3.22B
41.2 Composite
$45.28 Latest close
Growth 47.6
REIT - Industrial
3.05B
53.6 Composite
$51.76 Latest close
Profitability 78.2
REIT - Mortgage
3.02B
41.4 Composite
$21.35 Latest close
Efficiency 63.5
REIT - Hotel & Motel
2.96B
42.8 Composite
$20.00 Latest close
Growth 59.3
REIT - Hotel & Motel
2.95B
42.8 Composite
$19.99 Latest close
Growth 59.3
REIT - Retail
2.93B
46.7 Composite
$21.94 Latest close
Growth 59.4
REIT - Retail
2.91B
60.3 Composite
$27.56 Latest close
Growth 74.1
REIT - Mortgage
2.87B
59.2 Composite
$13.32 Latest close
Profitability 78.8
2.82B
61.3 Composite
$25.57 Latest close
Profitability 83.9
REIT - Hotel & Motel
2.81B
48.0 Composite
$25.25 Latest close
Profitability 50.6
2.79B
55.9 Composite
$25.47 Latest close
Profitability 82.1
REIT - Retail
2.78B
51.6 Composite
$22.03 Latest close
Profitability 67.5
REIT - Healthcare Facilities
2.73B
33.4 Composite
$4.63 Latest close
Growth 49.7
REIT - Specialty
2.71B
45.9 Composite
$11.12 Latest close
Profitability 63.9
REIT - Mortgage
2.53B
51.8 Composite
$20.92 Latest close
Growth 57.3
2.47B
64.7 Composite
$31.66 Latest close
Profitability 80.0
REIT - Industrial
2.30B
44.5 Composite
$23.16 Latest close
Efficiency 61.5
REIT - Hotel & Motel
2.25B
39.6 Composite
$11.19 Latest close
Health 43.7
REIT - Hotel & Motel
2.18B
61.6 Composite
$10.66 Latest close
Efficiency 77.1
2.18B
50.7 Composite
$17.55 Latest close
Growth 76.1
REIT - Office
2.01B
49.5 Composite
$12.03 Latest close
Profitability 56.8
REIT - Retail
2.00B
50.3 Composite
$20.36 Latest close
Efficiency 73.7
REIT - Retail
2.00B
55.8 Composite
$33.01 Latest close
Profitability 83.1
REIT - Healthcare Facilities
1.98B
51.3 Composite
$38.62 Latest close
Profitability 63.4
REIT - Industrial
1.98B
55.1 Composite
$46.35 Latest close
Profitability 76.0
REIT - Healthcare Facilities
1.96B
17.5 Composite
$8.09 Latest close
Health 45.6
REIT - Mortgage
1.94B
64.8 Composite
$23.79 Latest close
Valuation 100.0
REIT - Diversified
1.93B
32.9 Composite
$9.12 Latest close
Health 42.5
REIT - Hotel & Motel
1.93B
56.2 Composite
$10.35 Latest close
Efficiency 73.8
REIT - Residential
1.78B
47.1 Composite
$18.98 Latest close
Profitability 69.7
REIT - Mortgage
1.69B
42.8 Composite
$13.59 Latest close
Growth 56.4
REIT - Healthcare Facilities
1.69B
48.6 Composite
$30.58 Latest close
Efficiency 81.4
REIT - Hotel & Motel
1.65B
45.4 Composite
$14.52 Latest close
Growth 56.3
REIT - Industrial
1.63B
53.6 Composite
$56.59 Latest close
Profitability 77.1
REIT - Mortgage
1.58B
29.2 Composite
$8.17 Latest close
Growth 41.7
REIT - Hotel & Motel
1.54B
54.1 Composite
$16.85 Latest close
Growth 66.0
1.53B
52.2 Composite
$5.51 Latest close
Profitability 55.8
REIT - Retail
1.52B
37.0 Composite
$20.84 Latest close
Profitability 46.8
REIT - Diversified
1.47B
36.2 Composite
$22.80 Latest close
Efficiency 40.7
1.47B
51.4 Composite
$5.40 Latest close
Valuation 69.5
1.45B
56.0 Composite
$10.91 Latest close
Profitability 71.8
REIT - Mortgage
1.45B
44.4 Composite
$23.34 Latest close
Valuation 70.5
REIT - Mortgage
1.43B
44.4 Composite
$22.91 Latest close
Valuation 70.5
REIT - Mortgage
1.39B
51.6 Composite
$6.95 Latest close
Growth 71.9
1.38B
52.2 Composite
$5.46 Latest close
Valuation 74.0
1.38B
46.7 Composite
$20.57 Latest close
Health 52.5
1.37B
52.4 Composite
$43.95 Latest close
Profitability 70.8
REIT - Hotel & Motel
1.34B
53.4 Composite
$8.85 Latest close
Efficiency 86.5
REIT - Residential
1.34B
47.6 Composite
$15.88 Latest close
Growth 57.8
REIT - Mortgage
1.31B
52.9 Composite
$10.26 Latest close
Profitability 66.3
REIT - Mortgage
1.30B
31.0 Composite
$12.38 Latest close
Efficiency 45.6
REIT - Diversified
1.30B
55.6 Composite
$21.11 Latest close
Profitability 68.3
REIT - Retail
1.25B
50.0 Composite
$244.75 Latest close
Profitability 66.5
1.14B
42.6 Composite
$13.54 Latest close
Growth 48.5
REIT - Residential
1.13B
41.7 Composite
$67.45 Latest close
Growth 60.3
1.08B
52.1 Composite
$23.30 Latest close
Efficiency 64.6
REIT - Diversified
1.08B
53.6 Composite
$15.41 Latest close
Profitability 77.8
1.06B
32.9 Composite
$8.49 Latest close
Health 42.2
REIT - Mortgage
990.60M
50.5 Composite
$9.75 Latest close
Valuation 57.1
REIT - Retail
974.40M
51.6 Composite
$18.96 Latest close
Profitability 66.2
REIT - Diversified
970.90M
51.5 Composite
$5.61 Latest close
Profitability 59.4
961.80M
41.3 Composite
$11.08 Latest close
Growth 70.9
REIT - Hotel & Motel
900.47M
42.6 Composite
$1.54 Latest close
Efficiency 52.6
REIT - Office
897.70M
28.3 Composite
$15.41 Latest close
Valuation 40.7
REIT - Hotel & Motel
850.87M
47.2 Composite
$18.65 Latest close
Growth 63.8
REIT - Retail
838.00M
45.0 Composite
$34.20 Latest close
Profitability 57.4
REIT - Industrial
818.56M
59.2 Composite
$24.00 Latest close
Profitability 69.3
REIT - Office
780.45M
30.1 Composite
$20.99 Latest close
Valuation 40.9
REIT - Mortgage
772.50M
39.7 Composite
$5.93 Latest close
Valuation 51.9
REIT - Residential
760.90M
39.9 Composite
$29.85 Latest close
Efficiency 56.5
REIT - Mortgage
745.40M
50.2 Composite
$8.03 Latest close
Profitability 62.9
REIT - Mortgage
697.40M
29.6 Composite
$5.58 Latest close
Efficiency 65.1
695.75M
44.5 Composite
$9.04 Latest close
Efficiency 63.1
REIT - Diversified
685.80M
53.0 Composite
$20.30 Latest close
Profitability 63.6
REIT - Mortgage
657.10M
48.0 Composite
$8.50 Latest close
Efficiency 50.1
638.40M
26.6 Composite
$11.77 Latest close
Efficiency 52.3
REIT - Office
631.55M
60.6 Composite
$22.84 Latest close
Growth 76.5
REIT - Residential
620.08M
46.6 Composite
$4.31 Latest close
Growth 62.5
REIT - Diversified
615.70M
52.6 Composite
$12.72 Latest close
Profitability 62.4
REIT - Hotel & Motel
585.20M
46.1 Composite
$5.40 Latest close
Growth 55.1
REIT - Healthcare Facilities
559.70M
52.6 Composite
$40.70 Latest close
Efficiency 63.4
REIT - Industrial
527.30M
29.9 Composite
$7.91 Latest close
Health 43.7
REIT - Office
524.60M
26.7 Composite
$3.11 Latest close
Health 41.7
REIT - Healthcare Facilities
505.10M
43.4 Composite
$17.68 Latest close
Profitability 46.4
REIT - Diversified
501.00M
62.8 Composite
$23.32 Latest close
Profitability 74.4
REIT - Diversified
486.70M
41.6 Composite
$6.09 Latest close
Health 53.9
REIT - Hotel & Motel
470.70M
54.8 Composite
$9.96 Latest close
Profitability 65.6
REIT - Healthcare Facilities
465.70M
39.9 Composite
$35.13 Latest close
Efficiency 48.5
REIT - Specialty
461.50M
49.4 Composite
$10.58 Latest close
Profitability 57.8
REIT - Mortgage
458.61M
56.7 Composite
$23.00 Latest close
Valuation 100.0
REIT - Residential
449.91M
51.8 Composite
$22.19 Latest close
Growth 66.4
422.50M
32.8 Composite
$6.58 Latest close
Valuation 43.2
REIT - Specialty
410.80M
31.9 Composite
$9.75 Latest close
Growth 35.5
REIT - Mortgage
410.62M
56.7 Composite
$22.52 Latest close
Valuation 100.0
REIT - Diversified
409.17M
50.5 Composite
$18.26 Latest close
Growth 82.8
REIT - Mortgage
353.35M
31.3 Composite
$2.52 Latest close
Efficiency 60.9
REIT - Mortgage
351.80M
33.3 Composite
$2.16 Latest close
Efficiency 53.5
321.90M
42.8 Composite
$19.64 Latest close
Growth 58.4
295.63M
55.8 Composite
$15.82 Latest close
Valuation 67.4
REIT - Retail
294.80M
46.3 Composite
$5.60 Latest close
Profitability 58.2
REIT - Hotel & Motel
292.68M
46.7 Composite
$15.05 Latest close
Profitability 52.5
REIT - Mortgage
291.77M
45.0 Composite
$23.32 Latest close
Profitability 58.0
279.60M
40.5 Composite
$5.05 Latest close
Valuation 57.7
REIT - Residential
274.70M
37.8 Composite
$14.78 Latest close
Valuation 50.7
259.79M
63.4 Composite
$11.62 Latest close
Profitability 80.0
250.90M
49.8 Composite
$7.86 Latest close
Growth 56.4
REIT - Hotel & Motel
230.58M
46.3 Composite
$16.70 Latest close
Profitability 52.5
REIT - Mortgage
223.60M
44.5 Composite
$20.95 Latest close
Profitability 58.0
REIT - Mortgage
219.75M
41.5 Composite
$8.82 Latest close
Growth 49.6
REIT - Diversified
219.12M
26.1 Composite
$5.09 Latest close
Efficiency 40.8
REIT - Residential
192.80M
28.6 Composite
$2.11 Latest close
Efficiency 50.6
191.69M
31.2 Composite
$13.11 Latest close
Efficiency 59.8
REIT - Mortgage
190.26M
46.3 Composite
$8.42 Latest close
Profitability 47.5
REIT - Hotel & Motel
188.90M
41.6 Composite
$2.75 Latest close
Profitability 46.7
REIT - Industrial
180.80M
45.7 Composite
$17.80 Latest close
Efficiency 60.3
REIT - Healthcare Facilities
173.51M
46.3 Composite
$12.95 Latest close
Profitability 55.4
162.10M
58.0 Composite
$22.73 Latest close
Growth 90.1
REIT - Office
161.40M
21.7 Composite
$2.84 Latest close
Efficiency 31.4
REIT - Residential
132.91M
35.1 Composite
$3.12 Latest close
Health 37.1
REIT - Mortgage
114.70M
31.9 Composite
$15.12 Latest close
Health 39.9
REIT - Hotel & Motel
112.34M
29.3 Composite
$6.21 Latest close
Growth 50.7
REIT - Hotel & Motel
111.36M
29.1 Composite
$6.20 Latest close
Growth 50.7
REIT - Hotel & Motel
110.51M
28.9 Composite
$6.00 Latest close
Growth 50.7
REIT - Hotel & Motel
109.74M
29.5 Composite
$7.35 Latest close
Growth 50.7
REIT - Hotel & Motel
107.09M
27.1 Composite
$6.00 Latest close
Growth 50.7
REIT - Mortgage
104.24M
48.2 Composite
$7.71 Latest close
Growth 57.7
94.80M
42.7 Composite
$2.59 Latest close
Profitability 49.3
REIT - Mortgage
72.70M
32.7 Composite
$3.09 Latest close
Profitability 42.5
71.40M
39.9 Composite
$1.49 Latest close
Efficiency 54.7
REIT - Hotel & Motel
68.26M
28.8 Composite
$12.76 Latest close
Health 46.7
REIT - Hotel & Motel
68.07M
28.8 Composite
$14.01 Latest close
Health 46.7
REIT - Hotel & Motel
64.23M
28.8 Composite
$16.60 Latest close
Health 46.7
REIT - Specialty
62.40M
47.5 Composite
$5.41 Latest close
Efficiency 57.6
REIT - Mortgage
60.80M
47.2 Composite
$1.16 Latest close
Valuation 59.9
55.50M
32.2 Composite
$0.56 Latest close
Efficiency 39.2
REIT - Mortgage
51.30M
50.1 Composite
$1.10 Latest close
Efficiency 95.0
REIT - Mortgage
48.60M
57.4 Composite
$4.23 Latest close
Efficiency 71.4
REIT - Residential
43.71M
46.2 Composite
$11.06 Latest close
Efficiency 73.8
REIT - Hotel & Motel
19.40M
30.5 Composite
$3.11 Latest close
Growth 44.2
REIT - Diversified
18.16M
39.9 Composite
$11.15 Latest close
Health 45.1
17.21M
27.8 Composite
$6.52 Latest close
Health 36.8
REIT - Hotel & Motel
10.31M
23.7 Composite
$1.12 Latest close
Efficiency 40.7
7.12M
52.4 Composite
$7.25 Latest close
Profitability 70.2
REIT - Diversified
4.61M
33.8 Composite
$3.52 Latest close
Health 47.1
REIT - Specialty
2.60M
47.0 Composite
$0.68 Latest close
Efficiency 59.3
REIT - Diversified
1.46M
27.6 Composite
$0.26 Latest close
Efficiency 56.5
719,205
52.5 Composite
$1.14 Latest close
Profitability 72.7
REIT - Mortgage
-
57.2 Composite
$24.98 Latest close
Profitability 80.0
REIT - Mortgage
-
57.2 Composite
$24.82 Latest close
Profitability 80.0
REIT - Mortgage
-
57.2 Composite
$25.49 Latest close
Profitability 80.0
REIT - Diversified
-
47.9 Composite
$21.61 Latest close
Growth 63.4
REIT - Office
-
37.9 Composite
- No price data
Valuation 47.6
-
34.4 Composite
- No price data
Efficiency 37.2
REIT - Office
-
55.7 Composite
- No price data
Valuation 100.0
-
30.0 Composite
$0.05 Latest close
Efficiency 56.0
REIT - Diversified
-
52.7 Composite
$22.33 Latest close
Profitability 57.6
REIT - Specialty
-
32.8 Composite
- No price data
Health 36.1
REIT - Specialty
-
32.8 Composite
$20.69 Latest close
Health 36.1
REIT - Specialty
-
32.8 Composite
$21.09 Latest close
Health 36.1
REIT - Healthcare Facilities
-
38.3 Composite
$24.10 Latest close
Efficiency 56.7
REIT - Industrial
-
54.6 Composite
- No price data
Profitability 67.1
REIT - Mortgage
-
0.0 Composite
- No price data
No pillar score -
REIT - Healthcare Facilities
-
26.8 Composite
$20.93 Latest close
Health 44.6
REIT - Healthcare Facilities
-
0.0 Composite
- No price data
No pillar score -
REIT - Healthcare Facilities
-
28.0 Composite
$20.58 Latest close
Growth 43.4
REIT - Mortgage
-
48.1 Composite
- No price data
Efficiency 73.4
REIT - Mortgage
-
0.0 Composite
- No price data
No pillar score -
REIT - Mortgage
-
0.0 Composite
- No price data
No pillar score -
REIT - Mortgage
-
0.0 Composite
$18.81 Latest close
No pillar score -
REIT - Mortgage
-
0.0 Composite
- No price data
No pillar score -
-
0.0 Composite
- No price data
No pillar score -
REIT - Office
-
0.0 Composite
- No price data
No pillar score -
REIT - Industrial
-
24.8 Composite
- No price data
Efficiency 53.9
-
40.3 Composite
- No price data
Health 48.4
REIT - Diversified
-
33.4 Composite
$6.46 Latest close
Health 47.1
REIT - Diversified
-
33.4 Composite
$0.02 Latest close
Health 47.1
-
58.1 Composite
$22.36 Latest close
Profitability 76.1
-
58.1 Composite
$23.27 Latest close
Profitability 76.1
-
0.0 Composite
- No price data
No pillar score -
REIT - Hotel & Motel
-
27.4 Composite
- No price data
Health 46.7
REIT - Mortgage
-
30.0 Composite
$24.78 Latest close
Efficiency 49.5
-
52.5 Composite
$35.40 Latest close
Profitability 70.2

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Methodology

How We Analyse Real Estate Investment Trusts

This framework combines industry-specific diagnostics, moat context, and peer benchmarks so each signal stays grounded in how this business model actually compounds.

282 companies tracked Real Estate Investment Trust
Read the framework

We group equity REITs into a dedicated framework because GAAP earnings understate the economics of income-producing real estate. The money-flow layer starts with property revenue and operating expense, then rebuilds owner cash through net income, depreciation add-backs, FFO, maintenance-adjusted AFFO, and dividend payout coverage.

The peer and trade-off layers give extra weight to FFO and AFFO growth, per-share cash metrics, leverage, interest coverage, cost of funds, and payout safety. That reflects how REIT investors usually judge durability: not by generic EPS alone, but by the quality and resilience of cash available for distribution.

The StatsAlpha(TM) moat framework then asks whether a REIT has rent pricing power, high-quality assets, efficient operations, disciplined capital recycling, and an advantaged balance sheet. Valuation follows the same logic by using an AFFO-based engine with terminal multiple, cap-rate, or perpetuity-style outputs rather than a standard corporate DCF. This framework is for informational purposes only, not investment advice.

Signal Stack

Each layer answers a different question: where value is created, what protects it, and how execution compares with the rest of the coverage set.

For informational purposes only
Money Flow Engine Real Estate Investment Trust
Moat Template REIT
Fair Value Lens REITs
Trade-Off Cluster Equity REITs
Transparency

Benchmarks and narrative cues are meant to clarify what the framework is seeing in the data. They are not investment advice.

01
Frame the universe

Coverage starts with the companies that actually operate inside this business model, so peer comparisons stay relevant instead of generic.

Coverage 282 companies
02
Apply the operating lens

The Real Estate Investment Trust layer isolates the cash-flow mechanics, capital demands, and operating risk that matter most for this industry.

Core lens Real Estate Investment Trust
03
Benchmark durability

We then layer in REIT, pillar ranges, and peer leaders to show what strong execution looks like relative to the broader cohort.

Context REIT