Welltower (WELL +1.20%) is the largest real estate company by market cap, followed by Prologis (PLD +1.91%) and American Tower Corporation (AMT +2.02%). Eight of the top 10 real estate companies are real estate investment trusts (REITs). These companies own and operate many different types of real estate, including industrial facilities, data centers, and shopping malls.
Largest companies by market cap in the real estate sector
(Editor's note: Rankings are as of Feb. 4, 2025.)
| Name and ticker | Market cap | Current price | Industry |
|---|---|---|---|
| Welltower (NYSE:WELL) | $144.6 billion | $210.64 | Health Care REITs |
| Prologis (NYSE:PLD) | $129.1 billion | $138.99 | Industrial REITs |
| American Tower (NYSE:AMT) | $89.9 billion | $191.99 | Specialized REITs |
| Equinix (NASDAQ:EQIX) | $94.0 billion | $956.48 | Specialized REITs |
| Simon Property Group (NYSE:SPG) | $64.3 billion | $196.83 | Retail REITs |
| Digital Realty Trust (NYSE:DLR) | $62.2 billion | $180.96 | Specialized REITs |
| Realty Income (NYSE:O) | $60.4 billion | $65.66 | Retail REITs |
| Rocket Companies (NYSE:RKT) | $52.6 billion | $18.68 | Diversified Financial Services |
| Public Storage (NYSE:PSA) | $52.7 billion | $300.35 | Specialized REITs |
| CBRE Group (NYSE:CBRE) | $42.4 billion | $142.09 | Real Estate Management and Development |
1. Welltower
- Market cap: $127.30 billion (as of Feb. 4)
- Revenue (TTM): $9.8 billion
- Gross profit (TTM): $3.8 billion
- Five-year annualized return: 27.37%
- Year founded: 1970
NYSE: WELL
Key Data Points
Welltower (WELL +1.20%) is the first healthcare REIT; in fact, it was originally known as Health Care REIT, Inc. The trust invests in healthcare infrastructure and senior housing, including assisted living facilities and dementia care facilities.
The REIT operates in the U.S., Canada, and the U.K. and operates more than 2,000 senior and wellness housing communities. In October 2025, Welltower announced $23 billion in transactions, including $14 billion of acquisitions and a greater focus on senior housing.
2. Prologis
- Market cap: $125.25 billion (as of Feb. 4)
- Revenue (TTM): $8.7 billion
- Gross profit (TTM): $6.6 billion
- Five-year annualized return: 7.35%
- Year founded: 1983
NYSE: PLD
Key Data Points
Prologis (PLD +1.91%) builds, owns, and operates logistics real estate, including manufacturing facilities, storage and distribution properties, and flex spaces that serve multiple purposes. This company is now focusing on data centers to meet the demand driven by artificial intelligence (AI).
As of 2025, Prologis had about 6,000 buildings across 20 countries and more than $200 billion in assets under management (AUM). It's also expanding into France, with multiple data center projects planned for the country. Prologis works with many of the world's top retailers. Customers that use its warehouses include Amazon (AMZN -0.39%) and Walmart (WMT +0.22%).
3. American Tower Corporation
- Market cap: $82.67 billion (as of Feb. 4)
- Revenue (TTM): $10.5 billion
- Gross profit (TTM): $7.8 billion
- Five-year annualized return: -2.58%
- Year founded: 1995
NYSE: AMT
Key Data Points
American Tower Corporation (AMT +2.02%) is a REIT that owns and operates wireless networks in 22 countries. Its communications real estate portfolio has about 150,000 sites, with more than 40,000 of those in the U.S. and Canada.
In addition to communications towers, American Tower's portfolio also includes data centers that businesses can use for cloud computing, AI technology, and other IT needs.
4. Equinix
- Market cap: $78.76 billion (as of Feb. 4)
- Revenue (TTM): $9.1 billion
- Gross profit (TTM): $4.6 billion
- Five-year annualized return: 3.21%
- Year founded: 1998
NASDAQ: EQIX
Key Data Points
Digital infrastructure company Equinix (EQIX -0.14%) converted to a REIT in 2015. It has a network of over 270 AI-ready data centers across more than 70 major metropolitan areas, with more than 10,000 customers. Companies that use Equinix include Amazon, Apple (AAPL -2.20%), and Meta Platforms (META -1.54%).
In recent years, Equinix has focused on AI and partnered with tech giant Nvidia (NVDA -2.21%) to offer a fully managed private cloud service to clients. It has also prioritized sustainability and set a goal to procure 100% renewable energy for its facilities by 2030.
5. Simon Property Group
- Market cap: $73.78 billion (as of Feb. 4)
- Revenue (TTM): $6.4 billion
- Gross profit (TTM): $5.3 billion
- Five-year annualized return: 21.03%
- Year founded: 1993
NYSE: SPG
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NYSE: DLR
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NYSE: O
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8. Rocket Companies
- Market cap: $56.32 billion (as of Feb. 4)
- Revenue (TTM): $5.5 billion
- Five-year annualized return: 2.34%
- Year founded: 1985
NYSE: RKT
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NYSE: PSA
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NYSE: CBRE
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About the Author
Annie Dean, Chief Strategy Officer at CBRE, is a member of The Motley Fool’s board of directors. Lyle Daly has positions in Meta Platforms and Nvidia. The Motley Fool has positions in and recommends Amazon, American Tower, Apple, Digital Realty Trust, Equinix, Meta Platforms, Nvidia, Prologis, Realty Income, Rocket Companies, Simon Property Group, and Walmart. The Motley Fool has a disclosure policy.
