Top Companies by Operating Income in Real Estate
Largest public companies ranked by operating income in Real Estate on a trailing twelve months basis. Compare top issuers, sector peers and historical context…
How TTM operating income is measured
Trailing twelve months (TTM) operating income — also called operating profit or EBIT — is revenue minus cost of goods sold and minus operating expenses (SG&A, R&D, depreciation), summed across the most recent four fiscal quarters. It measures what the core business earns before interest and taxes, before any financing decisions distort the result.
Operating income sits between gross profit (which strips only direct costs) and net income (which subtracts interest and taxes too). Compared to EBITDA, it includes depreciation and amortization, so capex-heavy and asset-light businesses are not treated equally. Figures are sourced from the latest filed income statements and ranked in USD after period-average FX translation (IAS 21). Rankings USD translation methodology · IFRS IAS 21 (official)
Calculated from each company's four most recent reported quarters, as of .
Sector scopeReal EstateChange sectorChange sector
Top companies by Operating Income — Real Estate
- Sector
- Real Estate
- Operating Income
- $4.79B
- As of
- VICI Properties
VICI
- Sector
- Real Estate
- Operating Income
- $3.66B
- As of
- Prologis
PLD
- Sector
- Real Estate
- Operating Income
- $3.48B
- As of
- Sector
- Real Estate
- Operating Income
- $3.18B
- As of
- Sector
- Real Estate
- Operating Income
- $2.47B
- As of
- Crown Castle
CCI
- Sector
- Real Estate
- Operating Income
- $2.02B
- As of
- Equinix
EQIX
- Sector
- Real Estate
- Operating Income
- $1.85B
- As of
- Sector
- Real Estate
- Operating Income
- $1.63B
- As of
- CBRE Group
CBRE
- Sector
- Real Estate
- Operating Income
- $1.58B
- As of
- BXP
BXP
- Sector
- Real Estate
- Operating Income
- $1.47B
- As of
- Sector
- Real Estate
- Operating Income
- $1.47B
- As of
- Sector
- Real Estate
- Operating Income
- $1.35B
- As of
- Sector
- Real Estate
- Operating Income
- $1.32B
- As of
- Sector
- Real Estate
- Operating Income
- $1.16B
- As of
- Invitation Homes
INVH
- Sector
- Real Estate
- Operating Income
- $977.62M
- As of
- Sector
- Real Estate
- Operating Income
- $937.72M
- As of
- Sector
- Real Estate
- Operating Income
- $909.35M
- As of
- Sector
- Real Estate
- Operating Income
- $893.04M
- As of
- Sector
- Real Estate
- Operating Income
- $855.00M
- As of
- Ventas
VTR
- Sector
- Real Estate
- Operating Income
- $826.81M
- As of
- Sector
- Real Estate
- Operating Income
- $753.86M
- As of
- Kimco Realty
KIM
- Sector
- Real Estate
- Operating Income
- $752.57M
- As of
- Sector
- Real Estate
- Operating Income
- $732.14M
- As of
- Sector
- Real Estate
- Operating Income
- $619.44M
- As of
- NNN REIT
NNN
- Sector
- Real Estate
- Operating Income
- $589.49M
- As of
- Sector
- Real Estate
- Operating Income
- $544.13M
- As of
- Sector
- Real Estate
- Operating Income
- $537.18M
- As of
- Sector
- Real Estate
- Operating Income
- $465.00M
- As of
- UDR
UDR
- Sector
- Real Estate
- Operating Income
- $361.88M
- As of
- Agree Realty
ADC
- Sector
- Real Estate
- Operating Income
- $360.25M
- As of
- Welltower
WELL
- Sector
- Real Estate
- Operating Income
- $355.17M
- As of
- STAG Industrial
STAG
- Sector
- Real Estate
- Operating Income
- $318.35M
- As of
- Sector
- Real Estate
- Operating Income
- $288.91M
- As of
- Tanger
SKT
- Sector
- Real Estate
- Operating Income
- $113.13M
- As of
- Sector
- Real Estate
- Operating Income
- $53.96M
- As of
- Sector
- Real Estate
- Operating Income
- -$29.23M
- As of
- CoStar Group
CSGP
- Sector
- Real Estate
- Operating Income
- -$71.60M
- As of
- Sector
- Real Estate
- Operating Income
- -$1.24B
- As of