Largest real estate companies by shareholders' equity

Shareholders' equity is what remains after subtracting liabilities from assets — the accounting book value of the company, not its market value. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.

Ranks 1–100 of 150 · Fiscal year 2025 · Data as of September 25, 2026

Brookfield (BN) tops the list with $166B in shareholders' equity for fiscal 2025, ahead of Prologis ($53.2B) and Brookfield Property Partners ($42.6B). The top 10 together report $443B in shareholders' equity; the gap between #1 and #10 is ×11.74. 150 companies in Real estate report shareholders' equity, 5.8% of the 2599-filer universe. The last place on the list, Corecivic, comes in at $1.4B.

Shareholders' equity
#CompanyShareholders' equityYoY15-year trend
1BrookfieldBNCA$166B+0.5%
2PrologisPLDUS$53.2B−1.4%
3Brookfield Property PartnersBPYPPBM$42.6B+11.3%
4WelltowerWELLUS$42.1B+31.8%
5Realty IncomeOUS$39.4B+1.5%
6Vici PropertiesVICIUS$27.8B+4.7%
7Digital Realty TrustDLRUS$22.9B+7.4%
8Blackstone Real Estate Income TrustBSTTUS$19.3B−29.3%
9Alexandria Real Estate EquitiesAREUS$15.5B−13.5%
10EquinixEQIXUS$14.2B+4.6%
11Extra Space StorageEXRUS$13.4B−3.7%
12VentasVTRUS$12.5B+16.3%
13Kimco RealtyKIMUS$10.4B−2.4%
14Invitation HomesINVHUS$9.5B−2.3%
15Ke HoldingsBEKECN$9.5B−2.8%
16WeyerhaeuserWYUS$9.4B−3.0%
17Public StoragePSAUS$9.2B−4.8%
18CBRE GroupCBREUS$8.9B+5.6%
19Rexford Industrial RealtyREXRUS$8.5B+1.6%
20Rithm CapitalRITMUS$8.4B+8.2%
21LineageLINEUS$8.2B−4.5%
22W. P. CareyWPCUS$8.1B−3.7%
23Jones Lang LasalleJLLUS$7.5B+10.8%
24Healthpeak PropertiesDOCUS$7.5B−10.7%
25Sun CommunitiesSUIUS$7.0B−1.8%
26Regency CentersREGUS$6.9B+2.7%
27Starwood Property TrustSTWDUS$6.8B+5.6%
28Host Hotels & ResortsHSTUS$6.6B−0.8%
29Agree RealtyADCUS$6.3B+13.8%
30Vornado Realty TrustVNOUS$6.0B+16.1%
31Millrose PropertiesMRPUS$5.9B+13.5%
32Mid America Apartment CommunitiesMAAUS$5.7B−4.7%
33Essex Property TrustESSUS$5.5B+0.1%
34Kilroy RealtyKRCUS$5.4B+0.7%
35Simon PropertySPGUS$5.2B+77.0%
36Omega Healthcare InvestorsOHIUS$5.2B+14.2%
37BXPBXPUS$5.1B−4.9%
38Cousins PropertiesCUZUS$4.7B−3.4%
39Gaming & Leisure PropertiesGLPIUS$4.6B+8.4%
40Healthcare Realty TrustHRUS$4.6B−11.8%
41Medical Properties TrustMPTUS$4.6B−4.7%
42NNN ReitNNNUS$4.4B+1.1%
43Essential Properties Realty TrustEPRTUS$4.2B+17.9%
44Terreno RealtyTRNOUS$4.1B+13.2%
45Caretrust ReitCTREUS$4.0B+38.7%
46Starwood Real Estate Income TrustSWDRUS$3.9B−25.2%
47Howard HughesHHHUS$3.8B+36.0%
48SL Green RealtySLGUS$3.7B−7.1%
49American TowerAMTUS$3.7B+8.0%
50Stag IndustrialSTAGUS$3.6B+4.0%
51Eastgroup PropertiesEGPUS$3.5B+6.2%
52Independence Realty TrustIRTUS$3.5B+0.5%
53American Healthcare ReitAHRUS$3.3B+46.9%
54UdrUDRUS$3.3B−4.5%
55Federal Realty Investment TrustFRTUS$3.2B+2.4%
56Apple Hospitality ReitAPLEUS$3.1B−3.6%
57Kite Realty Group TrustKRGUS$3.1B−7.2%
58Brixmor PropertyBRXUS$3.0B+0.9%
59Hudson Pacific PropertiesHPPUS$3.0B+4.1%
60Broadstone Net LeaseBNLUS$2.9B−3.4%
61Americold Realty TrustCOLDUS$2.9B−12.1%
62Sabra Health Care ReitSBRAUS$2.8B+2.9%
63Vesta Real Estate Corporation, S.A.B. de C.VVTMXMX$2.7B+5.8%
64CubesmartCUBEUS$2.7B−5.3%
65First Industrial Realty TrustFRUS$2.7B+0.2%
66Pebblebrook Hotel TrustPEBUS$2.5B−8.5%
67MacerichMACUS$2.4B−11.2%
68SafeholdSAFEUS$2.4B+2.7%
69Highwoods PropertiesHIWUS$2.4B+0.8%
70Epr PropertiesEPRUS$2.3B+0.3%
71Phillips EdisonPECOUS$2.3B−1.4%
72Acadia Realty TrustAKRUS$2.2B+7.7%
73RayonierRYNUS$2.2B+24.9%
74RLJ Lodging TrustRLJUS$2.2B−5.0%
75LXP Industrial TrustLXPUS$2.0B−2.9%
76Marriott Vacations WorldwideVACUS$2.0B−18.4%
77Hines Global Income TrustHGITUS$2.0B+9.0%
78Cushman & WakefieldCWKBM$2.0B+11.4%
79Curbline PropertiesCURBUS$1.9B−1.7%
80Douglas EmmettDEIUS$1.9B−7.5%
81Pennymac Mortgage Investment TrustPMTUS$1.9B−2.6%
82Apollo Commercial Real Estate FinanceARIUS$1.9B−1.0%
83Innovative Industrial PropertiesIIPRUS$1.8B−4.5%
84Inventrust PropertiesIVTUS$1.8B+1.9%
85Forestar GroupFORUS$1.8B+10.7%
86Equity Lifestyle PropertiesELSUS$1.8B+0.9%
87Diversified Healthcare TrustDHCUS$1.7B−15.0%
88Global Net LeaseGNLUS$1.7B−23.9%
89Four Corners Property TrustFCPTUS$1.6B+12.3%
90Kennedy-Wilson HoldingsKWUS$1.5B−4.1%
91Colliers InternationalCIGICA$1.5B+15.7%
92Claros Mortgage TrustCMTGUS$1.5B−23.7%
93National Health InvestorsNHIUS$1.5B+11.3%
94Copt Defense PropertiesCDPUS$1.5B+1.5%
95Piedmont Realty TrustPDMUS$1.5B−5.8%
96Newmark GroupNMRKUS$1.5B+21.2%
97Diamondrock HospitalityDRHUS$1.4B−9.0%
98NetstreitNTSTUS$1.4B+8.6%
99Franklin BSP Realty TrustFBRTUS$1.4B−4.7%
100CorecivicCXWUS$1.4B−5.9%

All figures from SEC filings · FY2025 · 100

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{{cite web |title=Largest real estate companies by shareholders' equity |url=https://companiesranked.com/en/largest-real-estate-companies-by-shareholders-equity |website=CompaniesRanked |date=2026-09-25 |language=en}}

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@misc{companiesranked-en-largest-real-estate-companies-by-shareholders-equity-2026,
  author       = {{CompaniesRanked}},
  title        = {{Largest real estate companies by shareholders' equity}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/largest-real-estate-companies-by-shareholders-equity}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

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