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 REIT | 30.54 | 2.91 |
EQR | Equity Residential | Apartment REIT | 30.31 | 2.98 |
ESS | Essex Property | Apartment REIT | 20.58 | 2.65 |
MAA | Mid-America Apartments | Apartment REIT | 20.43 | 2.3 |
UDR | UDR, Inc | Apartment REIT | 15.25 | 2.82 |
CPT | Camden Property | Apartment REIT | 13.62 | 2.38 |
AIRC | Apartment Income | Apartment REIT | 7 | 3.48 |
IRT | Independence Realty | Apartment REIT | 1.93 | 2.56 |
NXRT | NexPoint Residential | Apartment REIT | 1.42 | 2.42 |
CSR | Centerspace | Apartment REIT | 1.07 | 3.47 |
AIV | Aimco | Apartment REIT | 1.06 | 0 |
BRG | Bluerock Residential | Apartment REIT | 0.31 | 6.28 |
BRT | BRT Apartments | Apartment REIT | 0.31 | 4.96 |
CLPR | Clipper Realty | Apartment REIT | 0.13 | 4.8 |
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