Real Estate

REITs and real estate companies

Sector classifications follow the GICS industry standard.

Companies Analyzed19 / 20in this sector

Avg FCF Margin41.5%

Top PerformerO67.8%

Avg Debt/FCF8.8xacross 18 companies

FCF Margin Rankings

Companies ranked by free cash flow margin

Health grades across the sector

A11 (58%)

B5 (26%)

C2 (11%)

F1 (5%)

#	Symbol	Grade	FCF Margin	Cash Conv.	Trend	Debt/FCF	Revenue	FCF
1	O	A	67.8%	—	improving	7.5x	$5.3B	$3.6B
2	VICI	A	61.7%	88.9%	stable	7.4x	$3.8B	$2.4B
3	PSA	A	60.1%	178.6%	stable	3.5x	$4.8B	$2.9B
4	PLD	B	57.0%	150.5%	declining	7.1x	$8.8B	$5.0B
5	REG	A	53.3%	156.9%	stable	6.4x	$1.6B	$827.7M
6	ESS	B	52.5%	144.1%	stable	7.1x	$1.8B	$931.9M
7	KIM	A	49.4%	244.8%	improving	8.5x	$2.0B	$1.0B
8	AVB	A	48.4%	148.6%	stable	5.9x	$2.9B	$1.4B
9	ARE	A	48.0%	-98.9%	improving	9.0x	$2.9B	$1.4B
10	EQR	A	41.7%	147.2%	stable	6.6x	$3.1B	$1.3B
11	SBAC	B	41.3%	178.1%	stable	14.2x	$2.7B	$1.1B
12	DLR	A	39.5%	184.3%	stable	8.1x	$6.1B	$2.4B
13	AMT	C	36.5%	234.6%	stable	11.9x	$10.1B	$3.7B
14	INVH	A	32.9%	238.3%	improving	9.5x	$2.6B	$862.4M
15	MAA	B	32.5%	241.3%	stable	7.6x	$2.2B	$717.9M
16	WELL	A	26.7%	—	improving	7.5x	$10.7B	$2.8B
17	CCI	C	26.2%	-75.4%	stable	17.2x	$6.6B	$1.7B
18	VTR	B	17.2%	—	improving	13.2x	$5.8B	$1.0B
19	EQIX	F	-4.3%	289.7%	declining	N/A	$9.2B	-$400.0M

Run the analyzer on these tickers to see their grades

SPG

Most REITs are cash machines. Then there's Equinix, grinding out a 2.1% margin while the sector median sits at 42.1%.