Apartment REITs
The $4-5 trillion US multifamily apartment market is highly fragmented, with REITs owning roughly 500,000 of the estimated 25 million multifamily rental units across the US, which is roughly 2% of the existing rental apartment stock.
Multifamily rentals comprise roughly 15% of the total housing stock in the US - in aggregate valued at $30 trillion - but have accounted for a greater share of new home construction activity in the post-recession period.
Symbol | Company | Property Sector | Market Cap ($B) | Dividend Yield (%) |
|---|---|---|---|---|
AVB | AvalonBay Communities | Apartment | 31.38 | 2.83 |
EQR | Equity Residential | Apartment | 30.7 | 2.94 |
MAA | Mid-America Apartments | Apartment | 22.18 | 2.14 |
ESS | Essex Property | Apartment | 21.28 | 2.55 |
UDR | UDR, Inc | Apartment | 15.93 | 2.7 |
CPT | Camden Property | Apartment | 15.2 | 2.2 |
AIRC | Apartment Income | Apartment | 7.86 | 3.51 |
IRT | Independence Realty | Apartment | 2.45 | 2.39 |
NXRT | NexPoint Residential | Apartment | 1.57 | 2.19 |
CSR | Centerspace | Apartment | 1.4 | 2.89 |
AIV | Aimco | Apartment | 1.04 | 0 |
APTS | Preferred Apartments | Apartment | 0.6 | 6.12 |
BRT | BRT Apartments | Apartment | 0.36 | 4.48 |
BRG | Bluerock Residential | Apartment | 0.29 | 5.99 |
CLPR | Clipper Realty | Apartment | 0.13 | 4.61 |
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