1 Welltower Inc. WELL $170.18B $236.17 −2.05% $4.95 US 2 Prologis, Inc. PLD $128.15B $137.34 −0.73% $1.01 US 3 Equinix, Inc. EQIX $102.22B $1,035.98 −0.47% $4.85 US 4 American Tower Corporation AMT $81.94B $175.85 −1.07% $1.90 US 5 Digital Realty Trust, Inc. DLR $69.70B $188.39 +0.32% $0.60 US 6 Simon Property Group, Inc. SPG $67.92B $209.44 −0.98% $2.08 US 7 Realty Income Corporation O $57.12B $61.25 −0.79% $0.49 US 8 Public Storage PSA $56.32B $302.01 −1.22% $3.72 US 9 Sun Hung Kai Properties Limited 0016.HK $44.28B $15.28 +0.50% $0.08 HK 10 Ventas, Inc. VTR $43.89B $90.27 −2.00% $1.84 US 11 CBRE Group, Inc. CBRE $42.81B $147.85 −0.60% $0.89 US 12 Goodman Group GMG.AX $40.01B $19.56 −1.70% $0.34 AU 13 Iron Mountain Incorporated IRM $34.77B $116.86 +1.64% $1.88 US 14 Crown Castle Inc. CCI $33.14B $75.83 −1.85% $1.43 US 15 Extra Space Storage Inc. EXR $29.42B $139.25 −1.23% $1.73 US 16 Mitsubishi Estate Co., Ltd. 8802.T $28.52B $23.71 −0.11% $0.03 JP 17 VICI Properties Inc. VICI $27.99B $25.42 −0.90% $0.23 US 18 China Resources Land Limited 1109.HK $27.69B $3.88 +1.87% $0.07 HK 19 Emaar Properties PJSC EMAAR.AE $26.71B $3.02 −0.36% $0.01 AE 20 Mitsui Fudosan Co., Ltd. 8801.T $26.25B $9.75 +0.84% $0.08 JP 21 Vivmark Residential VMRK $24.50B $65.35 +0.60% $0.39 US 22 CK Asset Holdings Limited 1113.HK $20.99B $6.00 +0.21% $0.01 HK 23 SBA Communications Corporation SBAC $20.09B $189.44 −1.09% $2.08 US 24 KE Holdings Inc. BEKE $19.80B $17.92 +0.08% $0.02 CN 25 Sumitomo Realty & Development Co., Ltd. 8830.T $19.41B $21.01 +1.03% $0.21 JP 26 Daiwa House Industry Co., Ltd. 1925.T $18.61B $30.05 +0.11% $0.03 JP 27 Vonovia SE VNA.DE $18.51B $21.81 +0.13% $0.03 DE 28 Swire Properties Limited 1972.HK $18.18B $3.16 +1.39% $0.04 HK 29 China Overseas Land & Investment Ltd. 0688.HK $18.16B $1.66 +0.77% $0.01 HK 30 Hongkong Land Holdings Limited H78.SI $18.07B $8.48 −0.93% $0.08 — BM 31 Vantage Towers AG VTWR.HM $17.93B $42.10 −5.97% $2.67 DE 32 Essex Property Trust, Inc. ESS $17.90B $278.61 −0.01% $0.04 US 33 DLF Limited DLF.NS $17.66B $7.14 +0.36% $0.03 IN 34 SEGRO Plc SGRO.L $17.29B $12.78 +0.28% $0.04 GB 35 Annaly Capital Management, Inc. NLY $17.19B $22.81 −0.09% $0.02 US 36 Invitation Homes Inc. INVH $16.86B $28.39 −0.21% $0.06 US 37 Jones Lang LaSalle Incorporated JLL $16.67B $362.36 +0.02% $0.06 US 38 Weyerhaeuser Company WY $16.60B $23.02 −0.09% $0.02 US 39 Henderson Land Development Company Limited 0012.HK $16.46B $3.40 +0.38% $0.01 HK 40 Azrieli Group Ltd AZRG.TA $16.24B $130.42 −3.04% $4.09 IL 41 W. P. Carey Inc. WPC $16.03B $70.38 +0.16% $0.11 US 42 Kimco Realty Corporation KIM $15.92B $23.60 −1.34% $0.32 US 43 Unibail-Rodamco-Westfield SE URW.PA $15.87B $109.88 −1.21% $1.35 FR 44 Lamar Advertising Company LAMR $15.30B $150.76 −0.52% $0.79 US 45 Regency Centers Corporation REGCO $15.28B $22.55 +2.59% $0.57 US 46 Host Hotels & Resorts, Inc. HST $15.10B $22.05 +0.27% $0.06 US 47 Mid-America Apartment Communities, Inc. MAA $14.93B $128.32 −0.19% $0.24 US 48 Sun Communities, Inc. SUI $14.72B $119.44 −0.34% $0.41 US 49 CapitaLand Integrated Commercial Trust C38U.SI $14.57B $1.85 −0.43% $0.01 SG 50 Healthpeak Properties, Inc. DOC $14.24B $20.65 −1.78% $0.37 US 51 Emaar Development PJSC EMAARDEV.AE $14.11B $3.53 −0.15% $0.01 AE 52 Omega Healthcare Investors, Inc. OHI $13.87B $46.38 −1.40% $0.66 US 53 Scentre Group SCG.AX $13.27B $2.54 −1.12% $0.03 AU 54 Link Real Estate Investment Trust 0823.HK $12.94B $4.94 −0.21% $0.01 HK 55 Sino Land Company Limited 0083.HK $12.80B $1.34 −0.95% $0.01 HK 56 Lodha Developers Ltd. LODHA.BO $12.74B $12.76 −0.29% $0.04 IN 57 Swiss Prime Site AG SPSN.SW $12.53B $156.13 +1.12% $1.73 CH 58 CoStar Group, Inc. CSGP $12.52B $30.91 −2.43% $0.77 US 59 Klépierre S.A. LI.PA $12.29B $42.84 −0.49% $0.21 FR 60 AGNC Investment Corp. AGNC $12.23B $10.65 −0.09% $0.01 US 61 Wharf Real Estate Investment Company Limited 1997.HK $12.15B $4.00 +0.32% $0.01 HK 62 Equity LifeStyle Properties, Inc. ELS $12.11B $62.42 −0.30% $0.19 US 63 China Resources Mixc Lifestyle Services Limited 1209.HK $11.88B $5.20 +2.26% $0.11 CN 64 Gaming and Leisure Properties, Inc. GLPI $11.87B $41.92 −1.04% $0.44 US 65 UDR, Inc. UDR $11.69B $36.38 +0.03% $0.01 US 66 American Homes 4 Rent AMH $11.66B $32.47 −0.73% $0.24 US 67 American Healthcare REIT, Inc. AHR $11.31B $54.72 −1.87% $1.04 US 68 BXP, Inc. BXP $10.80B $67.69 −0.79% $0.54 US 69 EastGroup Properties, Inc. EGP $10.68B $198.62 +0.08% $0.15 US 70 Camden Property Trust CPT $10.62B $105.69 +0.09% $0.09 US 71 Zhejiang China Commodities City Group Co., Ltd. 600415.SS $10.45B $1.90 −2.30% $0.04 CN 72 CapitaLand Investment Limited 9CI.SI $10.28B $2.06 −1.88% $0.04 SG 73 Federal Realty Investment Trust FRT $10.12B $117.09 −0.06% $0.07 US 74 Poly Developments and Holdings Group Co., Ltd. 600048.SS $9.44B $0.79 +1.34% $0.01 CN 75 Plaza S.A. MALLPLAZA.SN $9.41B $4.30 −1.23% $0.05 CL 76 MERLIN Properties SOCIMI, S.A. MRL.MC $9.38B $15.14 −1.51% $0.23 ES 77 China Merchants Shekou Industrial Zone Holdings Co., Ltd. 001979.SZ $9.35B $1.04 +0.87% $0.01 CN 78 CareTrust REIT, Inc. CTRE $9.22B $39.01 −1.51% $0.60 US 79 Alexandria Real Estate Equities, Inc. ARE $9.18B $52.65 −0.08% $0.04 US 80 Brixmor Property Group Inc. BRX $8.95B $29.15 −0.41% $0.12 US 81 CubeSmart CUBE $8.94B $39.50 −0.63% $0.25 US 82 CapitaLand Ascendas REIT A17U.SI $8.88B $1.87 −0.84% $0.02 SG 83 Central Pattana Public Company Limited CPN-R.BK $8.81B $1.96 −0.77% $0.02 TH 84 Agree Realty Corporation ADC $8.72B $72.62 −0.15% $0.11 US 85 Lineage, Inc. LINE $8.69B $38.17 −0.42% $0.16 US 86 Hulic Co., Ltd. 3003.T $8.58B $11.31 +0.43% $0.05 JP 87 NNN REIT, Inc. NNN $8.49B $44.63 −1.22% $0.55 US 88 PSP Swiss Property AG PSPN.SW $8.44B $183.95 +1.50% $2.72 CH 89 Rexford Industrial Realty, Inc. REXR $8.41B $36.79 −0.59% $0.22 US 90 First Industrial Realty Trust, Inc. FR $8.20B $61.85 +0.23% $0.14 US 91 Vicinity Centres VCX.AX $8.17B $1.76 −1.21% $0.02 AU 92 Ryman Hospitality Properties, Inc. RHP $7.79B $123.49 +1.01% $1.24 US 93 Deutsche Wohnen SE DWNI.DE $7.79B $19.63 −0.71% $0.14 DE 94 Ctp N.V. CTPNV.AS $7.73B $15.93 +0.00% $0.00 NL 95 SM Prime Holdings, Inc. SPHXF $7.65B $0.27 +0.00% $0.00 — PH 96 CPI Property Group O5G.DE $7.59B $0.85 +0.00% $0.00 LU 97 Stockland SGP.AX $7.50B $3.08 −2.95% $0.09 AU 98 Wharf (Holdings) Limited 0004.HK $7.41B $2.43 −0.16% $0.00 HK 99 STAG Industrial, Inc. STAG $7.26B $37.68 −0.05% $0.02 US 100 The Phoenix Mills Limited PHOENIXLTD.NS $7.13B $19.92 −1.05% $0.21 IN 101 FIBRA Prologis FBBPF $7.12B $4.27 −3.83% $0.17 — MX 102 Prestige Estates Projects Limited PRESTIGE.BO $7.09B $16.54 +0.39% $0.07 IN 103 Oberoi Realty Limited OBEROIRLTY.BO $7.08B $19.41 −1.17% $0.23 IN 104 Terreno Realty Corporation TRNO $6.98B $65.65 −0.23% $0.15 US 105 Nippon Building Fund Incorporation 8951.T $6.94B $787.59 −0.73% $5.83 JP 106 Daito Trust Construction Co.,Ltd. 1878.T $6.93B $21.31 +1.08% $0.23 JP 107 The Macerich Company MAC $6.92B $23.24 +0.78% $0.18 US 108 Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd. 600895.SS $6.89B $4.45 +1.33% $0.06 CN 109 Vornado Realty Trust VNO $6.88B $36.59 +0.14% $0.05 US 110 Compass, Inc. COMP $6.76B $11.12 +0.54% $0.06 US 111 Brookfield Property Partners L.P. BPYPP $6.76B $16.11 −0.04% $0.01 BM 112 Healthcare Realty Trust Incorporated HR $6.71B $19.12 −0.78% $0.15 US 113 Land Securities Group plc LAND.L $6.67B $8.96 −0.15% $0.01 GB 114 Melisron Ltd. MLSR.TA $6.64B $139.20 −2.24% $3.19 IL 115 FirstService Corporation FSV $6.63B $144.11 +0.84% $1.20 CA 116 Fastighets AB Balder (publ) BALD-B.ST $6.63B $5.66 +0.26% $0.01 SE 117 AB Sagax (publ) SAGA-A.ST $6.60B $18.20 −0.29% $0.05 SE 118 NEPI Rockcastle N.V. NRP.AS $6.60B $9.33 −1.49% $0.14 NL 119 Umm Al Qura for Development and Construction Co. 4325.SR $6.54B $4.54 +0.00% $0.00 SA 120 Janus Living, Inc. JAN $6.53B $30.79 −1.60% $0.50 US 121 Fibra UNO FBASF $6.53B $1.71 +0.00% $0.00 — MX 122 Essential Properties Realty Trust, Inc. EPRT $6.41B $29.64 −0.20% $0.06 US 123 Charter Hall Group CHC.AX $6.38B $13.48 −1.74% $0.24 AU 124 Iguatemi S.A. IGTI11.SA $6.36B $5.14 +0.00% $0.00 BR 125 Covivio COV.PA $6.29B $56.82 +0.16% $0.09 FR 126 The GPT Group GPT.AX $6.26B $3.27 −1.09% $0.04 AU 127 Castellum AB (publ) CAST.ST $6.25B $13.80 −0.26% $0.04 SE 128 Ezdan Holding Group Q.P.S.C. ERES.QA $6.09B $0.23 +1.09% $0.00 QA 129 Mega Or Holdings Ltd MGOR.TA $6.07B $159.25 −2.90% $4.75 IL 130 Godrej Properties Limited GODREJPROP.NS $6.07B $20.15 −0.81% $0.16 IN 131 PT Pantai Indah Kapuk Dua Tbk PANI.JK $6.06B $0.33 −0.84% $0.00 ID 132 Tokyu Fudosan Holdings Corporation 3289.T $5.98B $8.39 +0.23% $0.02 JP 133 Starwood Property Trust, Inc. STWD $5.96B $16.08 +1.26% $0.20 US 134 Warehouses De Pauw WDP.BR $5.96B $24.77 +0.19% $0.05 BE 135 BIG Shopping Centers Ltd BIG.TA $5.95B $231.06 −2.11% $4.99 IL 136 City Developments Limited C09.SI $5.92B $6.63 −2.44% $0.17 SG 137 UOL Group Limited U14.SI $5.87B $6.94 −3.83% $0.28 SG 138 China Vanke Co., Ltd. 000002.SZ $5.81B $0.49 +2.51% $0.01 CN 139 Gecina S.A. GFC.PA $5.80B $78.27 −0.30% $0.23 FR 140 LondonMetric Property Plc LMP.L $5.78B $2.47 −0.33% $0.01 GB 141 British Land Company PLC BLND.L $5.76B $5.62 −0.38% $0.02 GB 142 Rithm Capital Corp. RITM $5.63B $10.08 +0.30% $0.03 US 143 Tritax Big Box REIT plc BBOX.L $5.60B $2.06 −0.46% $0.01 GB 144 Longfor Group Holdings Limited LNGPF $5.60B $0.82 +0.00% $0.00 — CN 145 Dar Al Arkan Real Estate Development Company 4300.SR $5.57B $5.16 −0.67% $0.03 SA 146 Open House Group Co., Ltd. 3288.T $5.43B $49.20 −0.38% $0.19 JP 147 Japan Real Estate Investment Corporation 8952.T $5.40B $741.60 −0.78% $5.83 JP 148 Knowledge Realty Trust KRT.BO $5.32B $1.20 +0.32% $0.00 IN 149 Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. 600663.SS $5.30B $1.35 +0.11% $0.00 CN 150 IOI Properties Group Berhad 5249.KL $5.29B $0.96 −0.26% $0.00 MY