Top Real Estate Stocks by Share Buybacks
Top real estate companies ranked by share buybacks, latest annual filings.
What Share Buybacks Mean for Real Estate Companies
Share buybacks are rare in real estate. REITs must distribute the bulk of taxable income as dividends to maintain their pass-through tax status, which structurally limits retained cash available for repurchases. Additional property acquisition or development typically requires new equity or debt rather than redeployment of internal cash flow, which is why share count at most REITs drifts upward over time rather than shrinking through buyback activity.
Why It Matters Less in Real Estate
The REIT model is built around high current distributions to holders, and share count reduction is a secondary concern relative to maintaining or growing the dividend per share. Buybacks would shrink the vehicle rather than expand it, which works against the growth-through-acquisition logic that drives equity valuations. Occasional buyback activity at deep discounts to net asset value is the exception and typically signals management views the stock as mispriced rather than a shift in capital-return philosophy.
What to Read Alongside
Because buybacks are atypical for REITs, pair this view with Net Income for reported earnings, Free Cash Flow to gauge distribution capacity, and Revenue for underlying portfolio scale across the operator universe.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | CBRE | CBRE Group, Inc. | Real Estate | $0.97B | $41.19B |
| 2 | BEKE | KE Holdings Inc. | Real Estate | $0.94B | $19.04B |
| 3 | SUI | Sun Communities, Inc. | Real Estate | $0.54B | $14.33B |
| 4 | CSGP | CoStar Group, Inc. | Real Estate | $0.50B | $12.29B |
| 5 | SBAC | SBA Communications Corporation | Real Estate | $0.50B | $20.02B |
| 6 | AVB | AvalonBay Communities Inc | Real Estate | $0.49B | $26.28B |
| 7 | JBGS | JBG SMITH Properties | Real Estate | $0.44B | $0.67B |
| 8 | AMT | American Tower Corporation | Real Estate | $0.36B | $81.88B |
| 9 | EQR | Equity Residential | Real Estate | $0.28B | $23.87B |
| 10 | CPT | Camden Property Trust | Real Estate | $0.27B | $12.12B |
| 11 | REXR | Rexford Industrial Realty, Inc. | Real Estate | $0.25B | $8.35B |
| 12 | SPG | Simon Property Group, Inc. | Real Estate | $0.23B | $68.56B |
| 13 | JLL | Jones Lang LaSalle Incorporated | Real Estate | $0.21B | $16.20B |
| 14 | ARE | Alexandria Real Estate Equities, Inc. | Real Estate | $0.21B | $8.74B |
| 15 | HST | Host Hotels & Resorts, Inc. | Real Estate | $0.20B | $15.12B |
| 16 | WY | Weyerhaeuser Company | Real Estate | $0.16B | $16.35B |
| 17 | LAMR | Lamar Advertising Company | Real Estate | $0.16B | $15.23B |
| 18 | EXR | Extra Space Storage Inc. | Real Estate | $0.15B | $29.40B |
| 19 | CCS | Century Communities, Inc. | Real Estate | $0.14B | $1.76B |
| 20 | NMRK | Newmark Group, Inc. | Real Estate | $0.13B | $2.69B |
| 21 | XHR | Xenia Hotels & Resorts, Inc. | Real Estate | $0.12B | $1.63B |
| 22 | KIM | Kimco Realty Corporation | Real Estate | $0.12B | $15.94B |
| 23 | GNL | Global Net Lease, Inc. | Real Estate | $0.12B | $2.10B |
| 24 | UDR | UDR, Inc. | Real Estate | $0.12B | $11.60B |
| 25 | BXMT | Blackstone Mortgage Trust, Inc. | Real Estate | $0.11B | $2.34B |
| 26 | SHO | Sunstone Hotel Investors, Inc. | Real Estate | $0.10B | $2.02B |
| 27 | DOC | Healthpeak Properties, Inc. | Real Estate | $0.10B | $14.14B |
| 28 | LINE | Lineage, Inc. | Real Estate | $0.08B | $8.63B |
| 29 | PEB | Pebblebrook Hotel Trust | Real Estate | $0.07B | $1.99B |
| 30 | APLE | Apple Hospitality REIT, Inc. | Real Estate | $0.06B | $3.60B |
| 31 | AGNT | AGNT, Inc | Real Estate | $0.06B | $0.67B |
| 32 | EXPI | eXp World Holdings Inc | Real Estate | $0.06B | $1.07B |
| 33 | INVH | Invitation Homes Inc. | Real Estate | $0.05B | $16.76B |
| 34 | RWT | Redwood Trust, Inc. | Real Estate | $0.05B | $0.55B |
| 35 | VNO | Vornado Realty Trust | Real Estate | $0.05B | $6.58B |
| 36 | RITM | Rithm Capital Corp. | Real Estate | $0.05B | $5.56B |
| 37 | PK | Park Hotels & Resorts Inc. | Real Estate | $0.04B | $3.04B |
| 38 | JOE | The St. Joe Company | Real Estate | $0.04B | $3.66B |
| 39 | DRH | DiamondRock Hospitality Company | Real Estate | $0.04B | $2.45B |
| 40 | PCH | PotlatchDeltic Corporation | Real Estate | $0.04B | $3.23B |
| 41 | CUBE | CubeSmart | Real Estate | $0.03B | $8.93B |
| 42 | IRT | Independence Realty Trust, Inc. | Real Estate | $0.03B | $3.75B |
| 43 | RLJ | RLJ Lodging Trust | Real Estate | $0.03B | $1.63B |
| 44 | MAA | Mid-America Apartment Communities, Inc. | Real Estate | $0.03B | $14.84B |
| 45 | MMI | Marcus & Millichap, Inc. | Real Estate | $0.03B | $1.19B |
| 46 | TRTX | TPG RE Finance Trust, Inc. | Real Estate | $0.03B | $0.59B |
| 47 | MPT | Medical Properties Trust, Inc. | Real Estate | $0.02B | $2.38B |
| 48 | IIPR | Innovative Industrial Properties, Inc. | Real Estate | $0.02B | $1.58B |
| 49 | ARR | ARMOUR Residential REIT, Inc. | Real Estate | $0.02B | $2.30B |
| 50 | CBL | CBL & Associates Properties, Inc. | Real Estate | $0.02B | $1.72B |
| 51 | INN | Summit Hotel Properties, Inc. | Real Estate | $0.02B | $0.62B |
| 52 | MFA | MFA Financial, Inc. | Real Estate | $0.02B | $0.90B |
| 53 | FBRT | Franklin BSP Realty Trust, Inc. | Real Estate | $0.01B | $0.69B |
| 54 | LADR | Ladder Capital Corp | Real Estate | $0.01B | $1.24B |
| 55 | BRSP | BrightSpire Capital, Inc. | Real Estate | $0.01B | $0.59B |
| 56 | EPR | EPR Properties | Real Estate | $0.01B | $4.59B |
| 57 | CTO | CTO Realty Growth, Inc. | Real Estate | $0.01B | $0.81B |
| 58 | KW | Kennedy-Wilson Holdings, Inc. | Real Estate | $0.01B | $1.52B |
| 59 | CLDT | Chatham Lodging Trust | Real Estate | $0.01B | $0.59B |
| 60 | SILA | Sila Realty Trust Inc | Real Estate | $0.01B | $1.68B |
| 61 | ESRT | Empire State Realty Trust, Inc. | Real Estate | $0.01B | $0.76B |
| 62 | NXRT | NexPoint Residential Trust, Inc. | Real Estate | $0.01B | $0.60B |
| 63 | ORC | Orchid Island Capital, Inc. | Real Estate | $0.01B | $1.30B |
| 64 | ALEX | Alexander & Baldwin Inc | Real Estate | $0.01B | $1.52B |
| 65 | UMH | UMH Properties, Inc. | Real Estate | $0.00B | $1.35B |
| 66 | HR | Healthcare Realty Trust Incorporated | Real Estate | $0.00B | $6.53B |
| 67 | LXP | LXP Industrial Trust | Real Estate | $0.00B | $3.58B |
| 68 | ADC | Agree Realty Corporation | Real Estate | $0.00B | $9.05B |
| 69 | CSR | Centerspace | Real Estate | $0.00B | $0.89B |
| 70 | TRNO | Terreno Realty Corporation | Real Estate | $0.00B | $7.20B |
| 71 | RYN | Rayonier Inc. | Real Estate | $0.00B | $6.08B |
| 72 | WSR | Whitestone REIT | Real Estate | $0.00B | $0.98B |
| 73 | ABR | Arbor Realty Trust, Inc. | Real Estate | $0.00B | $0.93B |
| 74 | ADAM | Adamas Trust, Inc. | Real Estate | $0.00B | $0.87B |
| 75 | NYMT | New York Mortgage Trust, Inc. | Real Estate | $0.00B | $0.65B |
| 76 | KRG | Kite Realty Group Trust | Real Estate | $0.00B | $5.23B |
| 77 | DHC | Diversified Healthcare Trust | Real Estate | $0.00B | $1.84B |
| 78 | NTST | NETSTREIT Corp. | Real Estate | $0.00B | $2.05B |
| 79 | SVC | Service Properties Trust | Real Estate | $0.00B | $0.96B |
| 80 | VRE | Veris Residential, Inc. | Real Estate | $0.00B | $1.78B |
| 81 | ILPT | Industrial Logistics Properties Trust | Real Estate | $0.00B | $0.53B |
No companies match this search.
How this ranking is built
Companies are ranked by share buybacks as reported in their most recent annual filing with the SEC. Figures shown are in US dollars (or percent, as noted), rounded to two decimals.
- Source: annual 10-K / 20-F filings from companies trading on US exchanges (NYSE, Nasdaq, AMEX).
- Fiscal year: whichever annual period the company has most recently filed. Fiscal years don't always align with the calendar year, so the "as of FY" stamp above reflects the most common year across the table.
- Filtered out: warrants, preferred shares, and duplicate listings that share a parent company's financials.
- Size floor: A company qualifies at $500 million in market cap or above. Below that, one mis-stated figure outranks the companies the list is about.
- Currency check: A company whose annual revenue runs above 15 times its market cap is left out, because at that gap the two figures are not in the same currency.
- Currency check: A company whose balance sheet runs above 150 times its market cap is left out for the same reason.
- Update cadence: refreshed as companies file new annual reports (typically within 60–90 days of fiscal year end).
Not financial advice. This is a research tool, not a recommendation.