Goodman Group was the real estate investment trust (REIT) with the largest market cap in Australia as of March 2023. The market cap, or the aggregate value of the total outstanding shares of the company was approximately 24.5 billion U.S. dollars during that period. Goodman Group also had the second-highest five-year return on investment among all companies in the ranking. Nevertheless, Stockland Corporation Ltd topped the ranking in terms of dividend yield. Charter Hall Long WALE REIT had the highest EBITDA margin, with earnings before interest, taxes, depreciation, and amortization amounting to almost 70.2 percent of the company's revenue.
FAQs
What is the largest REIT in Australia? ›
Goodman Group was the real estate investment trust (REIT) with the largest market cap in Australia as of April 11, 2024. The market cap, or the aggregate value of the total outstanding shares of the company, was approximately 40 billion U.S. dollars during that period.
What are the top 5 largest REITs? ›Largest Real-Estate-Investment-Trusts by market cap
| # | Name | M. Cap |
|---|---|---|
| 1 | Prologis 1PLD | $94.48 B |
| 2 | American Tower 2AMT | $80.11 B |
| 3 | Equinix 3EQIX | $67.48 B |
| 4 | Welltower 4WELL | $56.31 B |
What are the key REIT valuation metrics used by investors to assess a REIT's performance? The key REIT valuation metrics include Funds From Operations (FFO), Adjusted Funds From Operations (AFFO), Net Asset Value (NAV), Capitalization Rate (Cap Rate), and Price-to-Earnings (P/E) Ratio.
How many REITs are there in Hong Kong? ›Currently, there are only 12 REITs listed on the Hong Kong Stock Exchange (HKEX), whereas there are more than 200 listed in the United States.
Which REIT is the best in Australia? ›What are Some Top ASX REITs to Consider in Australia?
- Goodman Group (GMG) with a 5-year average dividend yield of 1.93%
- Scentre Group Limited (SCG) with a 5-year average dividend yield of 5.60%
- Vicinity Centres (VCX) with a 5-year average dividend yield of 6.27%
Mar 19, 2024
Goodman Group (GMG)
Its portfolio of properties is spread across 14 countries, while investors in GMG include sovereign funds, pension funds and large multi-manager funds. The company is by far the largest ASX property group, with 1,700 customers and $82.9 billion in assets under management.
Best REITs by total return
| Company (ticker) | 5-year total return | 5-year dividend growth |
|---|---|---|
| Prologis (PLD) | 121.8% | 12.4% |
| Eastgroup Properties (EGP) | 107.9% | 13.3% |
| Gaming and Leisure Properties (GLPI) | 99.7% | 1.1% |
| Extra Space Storage (EXR) | 98.5% | 14.0% |
Jan 16, 2024
Prologis, American Tower, and Welltower were the real estate investment trusts (REITs) worldwide with the largest market caps as of April 11, 2024.
What is the 90% rule for REITs? ›How to Qualify as a REIT? To qualify as a REIT, a company must have the bulk of its assets and income connected to real estate investment and must distribute at least 90 percent of its taxable income to shareholders annually in the form of dividends.
What are the most important metrics for REITs? ›Traditional metrics like earnings per share (EPS) and price-to-earnings (P/E) ratio aren't reliable ways to evaluate REITs. Funds from operations (FFO) and adjusted funds from operations (AFFO) are better metrics.
What is the 75 rule for REITs? ›
For each tax year, the REIT must derive: at least 75 percent of its gross income from real property-related sources; and. at least 95 percent of its gross income from real property-related sources, dividends, interest, securities, and certain mineral royalty income.
What drives REIT performance? ›REIT Stock Performance and the Interest Rate Environment
REIT share prices, like the broader stock market, often react to changes in the outlook for interest rates, including both the short-term rates set by the Federal Reserve and the long-term rates that are governed more by market forces.
Spotlight on the largest REIT markets and companies
The United States has the largest REIT market, but REITs are also a popular form of investment in other countries, such as Japan, Singapore, the United Kingdom, and Australia. In 2023, the U.S. REITs market had a market cap of close to 1.4 trillion U.S. dollars.
According to new research from Nareit, the association representing publicly traded real estate companies, 168 million Americans, roughly 50% of all U.S. households, have some exposure to public REITs. That ownership comes in direct stock ownership or through mutual funds, ETFs or target date funds that include REITs.
What is Asia's largest REIT? ›Link REIT ($LKREF, or $HKSE:00823), is Asia's largest REIT. In terms of both revenues and market cap, it is twice the size of its next peer, Nippon Building REIT (see below). It was founded in 2005 when the Hong Kong Housing Authority privatized many of its retail properties.
Who is the largest real estate company in Australia? ›20 Biggest Real Estate and Property Companies in Australia, 2024
- Goodman Group: 59.24 billion Australian dollars.
- Scentre Group Limited: 16.68 billion Australian dollars.
- Stockland: 10.96 billion Australian dollars.
- Vicinity Centres: 9.04 billion Australian dollars.
- Mirvac Group: 8.56 billion Australian dollars.
Mar 5, 2024
Prologis, American Tower, and Welltower were the real estate investment trusts (REITs) worldwide with the largest market caps as of April 11, 2024. All three REITs were headquartered in the United States.
How many REITs are there in Australia? ›Currently, there are 42 Australian REITs and four international property REITs listed on the ASX. Some of these include company-level REITs such as Scentre Group, Goodman Group, Charter Hall or Mirvac.
What is the oldest REIT in Australia? ›The first REIT in Australia was the General Property Trust – a listed property trust started in 1971.