In this article, we discuss the 5 most valuable real estate companies. If you want to read our detailed analysis of these companies, go directly to 15 Most Valuable Real Estate Companies.
5. Equity Residential (NYSE:EQR)
Equity Residential (NYSE: EQR) is a real estate company that deals primarily in apartments and is the second-largest owner of apartments in the United States. According to SEC, Equity Residential (NYSE: EQR) has either owned or invested in 309 properties with 77,889 apartments as of December 2020. For the fiscal year 2020, Equity Residential (NYSE: EQR) had generated $2.57 billion in revenue with a net income of $963 million.
4. Weyerhaeuser Company (NYSE:WY)
Weyerhaeuser (NYSE: W.D.) is a real estate investment trust headquartered in Seattle, Washington. The primary operations of Weyerhaeuser revolve around Timber. The company holds 26,400,000 acres of timberland in the USA and Canada, with a total asset value of $16.35 billion. Even though the company operates as a real estate investment trust, it also produces wood products. Weyerhaeuser (NYSE: W.Y.) has employed around 9400 people and generated a revenue of $7.53 billion with a net income of $797 million for the year 2020.
3. Prologis, Inc. (NYSE:PLD)
Prologis (NYSE: PLD) is a real estate investment company with its headquarters situated in San Francisco, California. California-based Prologis focuses primarily on logistic Real Estate.
It leases logistic facilities to around 5500 customers across 19 countries in 4 continents: Americas, Europe, and Asia. Prologis (NYSE: PLD) tops our list, with the company owning 4715 buildings comprising 995 million square feet. This includes all the assets the company owns wholly and also co-investment with other companies.
Third Avenue Management, in its Real Estate Value Fund Q1 2021 investor letter, mentioned Prologis, Inc. (NYSE: PLD). Here is what the fund said:
“Prologis, Inc. (a U.S.-based real estate investment trust that is the largest owner of modern logistic facilities with a platform that expands more than 950 million square feet of space in 19 countries globally) completing $2.0 billion USD of debt placements at a weighted average interest rate of 0.9% with an average term of more than 13 years. In the process, the company has further solidified one of the most compelling capital structures in the real estate industry with a prudent loan-to-value ratio of approximately 25% that is primarily comprised of fixed-rate debt at an average cost of 1.8% for a term that exceeds 10 years. As a result, the long-tenured management at Prologis (including one of the true leaders in the real estate space CEO Hamid Moghadam) have set up the company for what could be a very rewarding period ahead as incremental rental income and asset management fees seem likely to accrue disproportionately to shareholders on the “bottom-line” with its interest costs locked-in.”
2. American Tower Corporation (REIT) (NYSE:AMT)
American Tower Corporation (NYSE:AMT) is a real estate investment trust in Boston, Massachusetts, which also operates foundations, including most tangible assets for wireless and broadcast communications. As of December 2018, the company owns and operates around 17,700 communications sites in 4 continents, including Europe, Asia, and the Americas. American tower Corporation currently employs 5618 people. For the fiscal year 2020, the company generated revenue of $8.041 billion with a net income of $1.691 billion.
1. Brookfield Asset Management Inc. (NYSE:BAM)
Brookfield Asset Management Company (NYSE:BAM) tops our list with $626 billion worth of assets under management. Brookfield Asset Management (NYSE: BAM) is a Canadian company located in Toronto, Canada. Apart from Canada, the company operates in over 30 countries across five continents: the Americas, Europe, Australia, Asia, and the Middle East.
In the Q2 2021 investor letter of Baron Funds, it mentioned Brookfield Asset Management Inc. (NYSE: BAM). Here is what the fund said:
“The shares of long-term holding Brookfield Asset Management Inc. gained 15% in the most recent quarter. The company is a leading alternative asset manager focused on investing in high-quality real estate and infrastructure-related assets that tend to generate predictable and growing cash flows. We remain bullish about the ongoing prospects for Brookfield given the secular growth opportunity for alternative assets, the company’s many competitive advantages including scale, global capabilities, its well known brand name, operating expertise, and performance track record. We hold management in high regard and believe the shares remain attractively valued.”
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