Real estate companies with the highest income tax expense
Income tax expense is the tax a company charged against profit in its income statement for the year. It is not the same as the cash it handed to tax authorities: deferred tax, provisions and timing differences separate the two, often by billions. The cash figure is a different line in the cash-flow statement. 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.
Brookfield (BN) tops the list with $1.1B in income tax expense for fiscal 2025, ahead of American Tower ($416M) and CBRE Group ($317M). The top 10 together report $3.1B in income tax expense; the gap between #1 and #10 is ×12.86. 97 companies in Real estate report income tax expense, 4.2% of the 2320-filer universe. The last place on the list, Alexanders, comes in at $4,000.
All figures from SEC filings · FY2025 · 97
see sources
- Brookfield 0001001085-26-000006
- American Tower 0001053507-26-000035
- CBRE Group 0001138118-26-000005
- Ke Holdings 0001104659-26-048109
- Prologis 0001193125-26-051453
- Jones Lang Lasalle 0001037976-26-000037
- Sba Communications 0001034054-26-000002
- Equinix 0001101239-26-000032
- Brookfield Property Partners 0001545772-26-000006
- Rithm Capital 0001556593-26-000012
- Realty Income 0000726728-26-000011
- Colliers International 0001171843-26-000984
- Firstservice 0001171843-26-000985
- Iron Mountain 0001020569-26-000013
- Forestar Group 0001628280-25-053125
- Newmark Group 0001628280-26-013160
- Host Hotels & Resorts 0001070750-26-000054
- Extra Space Storage 0001289490-26-000011
- Corecivic 0001193125-26-060669
- ST Joe 0001104659-26-019676
- Medical Properties Trust 0001193125-26-073587
- Howard Hughes 0001628280-26-009710
- Starwood Property Trust 0001465128-26-000009
- Digital Realty Trust 0001104659-26-015365
- W. P. Carey 0001025378-26-000036
- Cushman & Wakefield 0001628369-26-000008
- Global Net Lease 0001628280-26-011696
- Lamar Advertising 0001090425-26-000008
- Millrose Properties 0002017206-26-000002
- Simon Property 0001104659-26-019419
- Ares Real Estate Income Trust 0001628280-26-015437
- Crown Castle 0001051470-26-000016
- First Industrial Realty Trust 0000921825-26-000012
- Omega Healthcare Investors 0000888491-26-000008
- Kennedy-Wilson Holdings 0001408100-26-000072
- Vornado Realty Trust 0000899689-26-000009
- Janus Living 0001104659-26-093344
- Healthpeak Properties 0001628280-26-005044
- Marriott Vacations Worldwide 0001524358-26-000010
- Ryman Hospitality Properties 0001104659-26-019035
- Pebblebrook Hotel Trust 0001474098-26-000015
- RE/MAX Holdings 0001104659-26-017561
- Caretrust Reit 0001628280-26-007664
- Marcus & Millichap 0001628280-26-012419
- Mid America Apartment Communities 0001193125-26-041208
- Regency Centers 0000950170-25-021359
- Franklin BSP Realty Trust 0001562528-26-000008
- Douglas Elliman 0001878897-26-000007
- Safehold 0001095651-26-000010
- Urban Edge Properties 0001611547-26-000022
- Empire State Realty Trust 0001541401-26-000008
- Epr Properties 0001045450-26-000007
- Agnt 0001104659-26-019145
- Vici Properties 0001705696-26-000034
- Gaming & Leisure Properties 0001575965-26-000032
- Hines Global Income Trust 0001628280-26-022047
- Outfront Media 0001579877-26-000008
- Braemar Hotels & Resorts 0001574085-26-000038
- Smartstop Self Storage Reit 0001193125-26-082573
- Sabra Health Care Reit 0001492298-26-000008
- Diversified Healthcare Trust 0001075415-26-000013
- Agree Realty 0000917251-26-000013
- Phillips Edison 0001476204-26-000005
- Broadstone Net Lease 0001424182-26-000012
- RLJ Lodging Trust 0001511337-26-000007
- Kimco Realty 0001193125-26-060760
- Apple Hospitality Reit 0001193125-26-064008
- Copt Defense Properties 0000860546-26-000011
- Summit Hotel Properties 0001497645-26-000015
- Udr 0000074208-26-000013
- American Assets Trust 0001500217-26-000008
- Cim Group 0001498547-26-000013
- SL Green Realty 0001040971-25-000019
- Essential Properties Realty Trust 0001728951-26-000008
- Inventrust Properties 0001307748-26-000045
- Rayonier 0000052827-26-000036
- Whitestone Reit 0001437749-26-007232
- CBL & Associates Properties 0001193125-26-087049
- Kite Realty Group Trust 0001286043-26-000009
- Cto Realty Growth 0001104659-26-017560
- Offerpad Solutions 0001193125-26-067147
- Acadia Realty Trust 0001193125-26-051677
- Apollo Commercial Real Estate Finance 0001193125-26-044725
- Curbline Properties 0001193125-26-043647
- Four Corners Property Trust 0001193125-26-048898
- Orion Properties 0001873923-26-000038
- Invitation Homes 0001687229-24-000013
- LTC Properties 0001104659-26-019178
- LXP Industrial Trust 0000910108-26-000009
- National Healthcare Properties 0001561032-26-000009
- National Health Investors 0000877860-19-000006
- Office Properties Income Trust 0001456772-26-000022
- Brandywine Realty Trust 0000790816-26-000008
- Fathom Holdings 0001628280-26-022057
- Netstreit 0001628280-26-006901
- Sotherly Hotels 0001193125-26-157013
- Alexanders 0000003499-19-000004
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<p style="max-width:680px;font:13px system-ui,sans-serif">Source: <a href="https://companiesranked.com/en/real-estate-companies-with-the-highest-income-tax-expense">Real estate companies with the highest income tax expense</a> — CompaniesRanked, compiled from SEC EDGAR filings</p>Cite this page
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{{cite web |title=Real estate companies with the highest income tax expense |url=https://companiesranked.com/en/real-estate-companies-with-the-highest-income-tax-expense |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Real estate companies with the highest income tax expense. CompaniesRanked. https://companiesranked.com/en/real-estate-companies-with-the-highest-income-tax-expenseBibTeX
@misc{companiesranked-en-real-estate-companies-with-the-highest-income-tax-expense-2026,
author = {{CompaniesRanked}},
title = {{Real estate companies with the highest income tax expense}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/real-estate-companies-with-the-highest-income-tax-expense}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.
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