Real Estate Ecosystem
Listed REITs spanning digital infrastructure, industrial, housing, and net-lease retail — duration assets sensitive to rates and occupancy.
Covered market cap
Ecosystem map
Click a group to open its subsector notes.
Digital Infra
Living
Retail
Towers
Digital InfraWireless infrastructure with long-term MLA escalators and high incremental margins.
Drivers
- Carrier 5G densification
- Colocation and amendment activity
- CPI-linked lease escalators
Key risks
- Carrier capex pauses
- Rate-driven multiple compression
- New-lease slowdowns after the 5G build
Industrial & Data Centers
Digital InfraLogistics warehouses and data-center campuses tied to e-commerce and AI compute.
Drivers
- AI / cloud interconnection demand
- Logistics occupancy and rent growth
- Power availability for new campuses
Key risks
- Power and permitting constraints
- Overbuilding in industrial
- Customer concentration (hyperscalers)
Residential
LivingApartment REITs leveraged to jobs, household formation, and new supply.
Drivers
- Occupancy and effective rent
- Sun Belt vs coastal supply
- Home-ownership affordability (renter pool)
Key risks
- New supply deliveries
- Job-market weakening
- Property-tax and insurance inflation
Companies
Market cap, P/E, and EV/EBITDA come from cached fundamentals when present. Price is not fetched on this page.
| Ticker | Name | Market cap | Price | P/E | EV/EBITDA |
|---|---|---|---|---|---|
| AMT.US | American Tower Corp | 90.4B | — | 27.4x | — |
| CCI.US | Crown Castle | 40.3B | — | 37.0x | — |
| PLD.US | Prologis Inc | 127.7B | — | 28.4x | — |
| EQIX.US | Equinix Inc | 104.3B | — | 60.9x | — |
| DLR.US | Digital Realty Trust Inc | 69.8B | — | 78.0x | — |
| AVB.US | — | — | — | — | — |
| EQR.US | — | — | — | — | — |
| SPG.US | Simon Property Group Inc | 86.7B | — | 15.7x | — |
| O.US | Realty Income Corporation | 56B | — | 40.6x | — |
Valuation framework
Starting methods by business type — refine as you add coverage.
DCF
AMT.US, EQIX.US, O.US
EV/EBITDA
PLD.US, SPG.US, AVB.US
SOTP
AMT.US, EQIX.US
Scenarios
Directional cases for the sector — not stock-level price targets.
Fed cuts re-rate duration REITs; AI power demand keeps data-center occupancy full.
Rates stabilize; data-center and industrial stay tight; apartments digest Sun Belt supply.
Higher-for-longer rates, a consumer recession hits retail, and apartment supply overshoots.