CompaniesRanked

2874 companies · fiscal year 2025 · SEC EDGAR · September 25, 2026

Most profitable real estate companies

Net income is profit after tax and all expenses, as reported in the annual filing. Companies reporting a loss are excluded from this ranking. 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 114 · Fiscal year 2025 · Data as of September 25, 2026

Simon Property (SPG) tops the list with $5.4B in net income for fiscal 2025, ahead of Prologis ($3.3B) and Vici Properties ($2.8B). The top 10 together report $22.4B in net income; the gap between #1 and #10 is ×4.64. 114 companies in Real estate report net income, 5.5% of the 2058-filer universe. The last place on the list, Hines Global Income Trust, comes in at $17.3M.

Net income
#CompanyNet incomeYoY15-year trend
1Simon PropertySPGUS$5.4B+96.6%
2PrologisPLDUS$3.3B−10.8%
3Vici PropertiesVICIUS$2.8B+3.6%
4American TowerAMTUS$2.6B+15.3%
5Public StoragePSAUS$1.8B−13.9%
6Sun CommunitiesSUIUS$1.4B+1,264.8%
7EquinixEQIXUS$1.4B+65.6%
8Digital Realty TrustDLRUS$1.3B+123.2%
9BrookfieldBNCA$1.3B+103.9%
10CBRE GroupCBREUS$1.2B+19.5%
11Realty IncomeOUS$1.1B+23.0%
12Sba CommunicationsSBACUS$1.1B+40.6%
13Extra Space StorageEXRUS$974M+14.0%
14Vornado Realty TrustVNOUS$937M+4,585.0%
15WelltowerWELLUS$937M−1.6%
16Gaming & Leisure PropertiesGLPIUS$825M+5.2%
17Jones Lang LasalleJLLUS$792M+44.8%
18Host Hotels & ResortsHSTUS$765M+9.8%
19Essex Property TrustESSUS$703M−13.4%
20Invitation HomesINVHUS$588M+29.5%
21Lamar AdvertisingLAMRUS$587M+62.3%
22Rithm CapitalRITMUS$567M−32.1%
23Kimco RealtyKIMUS$554M+47.6%
24Apartment Investment & ManagementAIVUS$547M+$651M
25Regency CentersREGUS$527M+31.7%
26RayonierRYNUS$474M+32.1%
27W. P. CareyWPCUS$466M+1.2%
28Mid America Apartment CommunitiesMAAUS$447M−15.3%
29Crown CastleCCIUS$444M+$4.3B
30Ke HoldingsBEKECN$428M−23.1%
31Starwood Property TrustSTWDUS$412M+14.3%
32Federal Realty Investment TrustFRTUS$411M+39.2%
33Terreno RealtyTRNOUS$403M+118.4%
34Equity Lifestyle PropertiesELSUS$402M+4.5%
35NNN ReitNNNUS$390M−1.8%
36Brixmor PropertyBRXUS$386M+13.8%
37Millrose PropertiesMRPUS$380M+$626M
38UdrUDRUS$378M+321.6%
39CubesmartCUBEUS$331M−15.5%
40WeyerhaeuserWYUS$324M−18.2%
41Caretrust ReitCTREUS$321M+156.3%
42Kilroy RealtyKRCUS$303M+29.9%
43Kite Realty Group TrustKRGUS$299M+7,236.4%
44BXPBXPUS$277M+1,835.7%
45Epr PropertiesEPRUS$275M+88.2%
46Stag IndustrialSTAGUS$274M+44.6%
47VentasVTRUS$262M+196.0%
48Eastgroup PropertiesEGPUS$257M+13.0%
49Essential Properties Realty TrustEPRTUS$253M+24.6%
50First Industrial Realty TrustFRUS$247M−13.9%
51Ryman Hospitality PropertiesRHPUS$243M−10.4%
52Vesta Real Estate Corporation, S.A.B. de C.VVTMXMX$242M+8.3%
53Colliers InternationalCIGICA$225M−5.2%
54Rexford Industrial RealtyREXRUS$220M−23.1%
55Agree RealtyADCUS$204M+8.0%
56FirstserviceFSVCA$191M+1.6%
57Site CentersSITCUS$178M−66.6%
58Apple Hospitality ReitAPLEUS$175M−18.1%
59Forestar GroupFORUS$168M−17.5%
60Highwoods PropertiesHIWUS$163M+56.0%
61Copt Defense PropertiesCDPUS$160M+10.8%
62Sabra Health Care ReitSBRAUS$156M+22.8%
63Iron MountainIRMUS$152M−17.1%
64Outfront MediaOUTUS$147M−43.1%
65National Health InvestorsNHIUS$142M+3.0%
66CBL & Associates PropertiesCBLUS$136M+130.6%
67Apollo Commercial Real Estate FinanceARIUS$127M+$246M
68Newmark GroupNMRKUS$126M+47.6%
69LTC PropertiesLTCUS$124M+30.6%
70Howard HughesHHHUS$124M−37.1%
71Innovative Industrial PropertiesIIPRUS$118M−26.9%
72CorecivicCXWUS$117M+69.2%
73ST JoeJOEUS$116M+55.9%
74SafeholdSAFEUS$114M+8.2%
75LXP Industrial TrustLXPUS$113M+154.1%
76Four Corners Property TrustFCPTUS$112M+11.8%
77Inventrust PropertiesIVTUS$111M+715.8%
78Phillips EdisonPECOUS$111M+77.6%
79Diamondrock HospitalityDRHUS$101M+111.1%
80Broadstone Net LeaseBNLUS$96.5M−40.6%
81Urban Edge PropertiesUEUS$93.5M+28.9%
82Cushman & WakefieldCWKBM$88.2M−32.8%
83Pennymac Mortgage Investment TrustPMTUS$86.1M−27.8%
84Franklin BSP Realty TrustFBRTUS$84.1M−9.0%
85Getty RealtyGTYUS$79.2M+11.4%
86Empire State Realty TrustESRTUS$73.0M−9.2%
87American Assets TrustAATUS$71.4M−2.0%
88Healthpeak PropertiesDOCUS$71.3M−70.7%
89American Healthcare ReitAHRUS$70.8M+$106M
90Independence Realty TrustIRTUS$56.6M+43.9%
91Cim GroupCMRFUS$52.4M+$345M
92Whitestone ReitWSRUS$49.9M+35.3%
93Cousins PropertiesCUZUS$40.5M−11.9%
94Curbline PropertiesCURBUS$39.9M+288.2%
95Saul CentersBFSUS$37.5M−25.9%
96RLJ Lodging TrustRLJUS$28.5M−58.1%
97AlexandersALXUS$28.2M−35.0%
98Kennedy-Wilson HoldingsKWUS$23.8M+$57.5M
99Gladstone CommercialGOODUS$19.3M−19.6%
100Hines Global Income TrustHGITUS$17.3M+$64.4M

All figures from SEC filings · FY2025 · 100

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

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