The Largest Real Estate Companies by Market Cap in January 2026

Welltower (WELL -0.08%) is the largest real estate company by market cap, followed by Prologis (PLD +1.82%) and American Tower Corporation (AMT +0.44%). 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.

• Market cap: $139.46 billion (as of Jan. 7)
• Revenue (TTM): $9.75 billion
• Gross profit (TTM): $3.78 billion
• Five-year annualized return: 25.16%
• Year founded: 1970

Welltower 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. It 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.

• Market cap: $118.39 billion (as of Jan. 7)
• Revenue (TTM): $8.73 billion
• Gross profit (TTM): $6.56 billion
• Five-year annualized return: 9%
• Year founded: 1983

Prologis 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). It plans to invest $8 billion into data centers over the next four years.

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 top retailers in the world. Customers that use its warehouses include Amazon (AMZN +2.63%) and Walmart (WMT -0.59%).

Prologis expects to change leadership in 2026. Co-founder Hamid R. Moghadam plans to retire from his CEO role on Jan. 1, and current president Dan Letter will succeed him.

3. American Tower Corporation

• Market cap: $82.31 billion (as of Jan. 7)
• Revenue (TTM): $10.45 billion
• Gross profit (TTM): $7.76 billion
• Five-year annualized return: -0.78%
• Year founded: 1995

American Tower Corporation 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.

• Market cap: $77.38 billion (as of Jan. 7)
• Revenue (TTM): $9.05 billion
• Gross profit (TTM): $4.50 billion
• Five-year annualized return: 5.21%
• Year founded: 1998

Digital infrastructure company Equinix converted to a REIT in 2015. It has a network of over 270 data centers across more than 75 major metropolitan areas as of 2025, with more than 10,000 customers. Companies that use Equinix include Amazon, Apple (AAPL +1.12%), and Meta Platforms (META +0.09%).

In recent years, Equinix has focused on AI and partnered with tech giant Nvidia (NVDA +1.10%) 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: $60.82 billion (as of Jan. 7)
• Revenue (TTM): $6.15 billion
• Gross profit (TTM): $5.0 billion
• Five-year annualized return: 20.96%
• Year founded: 1993

Simon Property Group is a REIT that owns, develops, and operates retail properties. It has a portfolio of more than 250 properties, which include shopping malls, retail outlets, and open-air shopping centers.

Brothers Melvin and Herbert Simon founded Simon Property Group in the 1960s, taking it public in 1993 after decades of developing and operating strip malls. Melvin’s son, David Simon, has been the company’s CEO since 1995.

• Market cap: $59.73 billion (as of Jan. 7)
• Revenue (TTM): $5.48 billion
• Five-year annualized return: 4.5%
• Year founded: 1985

Rocket Companies is one of the largest mortgage lenders in the U.S. It owns numerous real estate businesses, including Rocket Mortgage, Redfin (which it acquired in 2025), and ForSaleByOwner.com.

In addition to real estate, Rocket Companies also offers personal finance services. The company offers a personal finance app, Rocket Money, and an online personal loan company, Rocket Loans.

• Market cap: $53.85 billion (as of Jan. 7)
• Revenue (TTM): $5.91 billion
• Gross profit (TTM): $3.27 billion
• Five-year annualized return: 6.49%
• Year founded: 2004

Digital Realty Trust is a data center REIT with a global network of more than 300 data centers serving over 5,000 customers. It has one of the largest footprints on this list, operating data centers in six geographic regions: North America, South America, Europe, Africa, Asia, and Oceania.

This is also the youngest real estate company to have made the top 10 by market cap. GI Partners started Digital Realty in 2004 when it purchased 21 data centers through bankruptcy auctions.

8. Realty Income

• Market cap: $52.82 billion (as of Jan. 7)
• Revenue (TTM): $5.54 billion
• Gross profit (TTM): $5.12 billion
• Five-year annualized return: 4.48%
• Year founded: 1969

Realty Income is a REIT that invests in single-tenant commercial properties. Its portfolio had more than 15,000 properties located in the U.S., U.K., and several countries in the European Union as of 2025.

Instead of paying quarterly dividends like most REITs, Realty Income pays monthly dividends. It’s even known as “The Monthly Dividend Company” for that reason, and it’s one of the more popular real estate dividend stocks.

• Market cap: $49.67 billion (as of Jan. 7)
• Revenue (TTM): $39.32 billion
• Gross profit (TTM): $7.52 billion
• Five-year annualized return: 22.46%
• Year founded: 1906

CBRE Group is the largest commercial real estate services and investment company in the world. It has over $155 billion in AUM, operates in more than 100 countries, and serves almost 90 of the Fortune 100 companies as of 2025.

With more than a century of experience, CBRE Group is the oldest company on this list. It’s also the only one that isn’t structured as a REIT.

• Market cap: $47.43 billion (as of Jan. 7)
• Revenue (TTM): $4.78 billion
• Gross profit (TTM): $3.49 billion
• Five-year annualized return: 9.43%
• Year founded: 1972

Public Storage is the largest owner and operator of self-storage facilities worldwide. This self-storage REIT has more than 3,300 facilities serving approximately 2 million customers in the U.S.

While most of Public Storage’s business is in the U.S., it acquired Shurgard Self-Storage in 2006 to build its global reach. It now operates thousands of facilities across seven European Union nations.

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.