Below is a ranking of the top 50 REITs by equity market cap as of 2/14/01. This monthly ranking is provided by SNL Securities, Charlottesville, Va. (804) 977-1600. Look for REIT updates online at www.nreionline.com.

TOP 50 REITs by Implied Market Cap (includes common stock and operating units)
REIT NAME Symbol Property
Focus
2/14/01
Price $
1 Yr Total
Return %
Equity Mkt Cap
(Millions)
Implied Mkt Cap
(Millions)
1 Equity Office Properties Trust EOP Office 29.938 31.4 9,189.80 10,449.00
2 Equity Residential Prop Trust EQR Residential 51.172 35.2 6,735.50 7,365.00
3 Simon Property Group Inc SPG Retail 25.875 14.9 4,365.90 6,046.90
4 Boston Properties Inc BXP Office 40.703 42.7 3,526.10 4,497.40
5 Spieker Properties Inc SPK Office 52.813 37.5 3,474.10 3,940.20
6 Host Marriott Corporation HMT Hotel 12.984 55.3 2,868.50 3,689.10
7 ProLogis Trust PLD Industrial 20.891 20.6 3,453.00 3,559.20
8 Apartment Invest & Mgmt Co AIV Residential 42.656 23.8 3,043.00 3,398.80
9 Vornado Realty Trust VNO Div/ Other 36.047 23.8 3,130.60 3,392.90
10 Duke-Weeks Realty Corp DRE Office 22.906 23.9 2,930.40 3,365.20
11 Public Storage Inc PSA Self-Storage 25.563 19.8 3,280.80 3,286.90
12 AvalonBay Communities Inc AVB Residential 45.953 41.3 3,087.70 3,118.50
13 Crescent Real Estate Equit Co CEI Office 21.625 49.2 2,335.80 2,942.30
14 Archstone Communities Trust ASN Residential 23.594 24.8 2,898.20 2,920.60
15 Kimco Realty Corporation KIM Retail 41.25 28.2 2,601.10 2,601.10
16 General Growth Properties, Inc GGP Retail 34 25.4 1,773.90 2,443.60
17 AMB Property Corporation AMB Industrial 23.859 26.7 2,007.50 2,146.60
18 CarrAmerica Realty Corp CRE Office 29.547 47.6 1,921.10 2,101.00
19 Liberty Property Trust LRY Industrial 26.5 23.4 1,807.60 1,925.60
20 Mack-Cali Realty Corporation CLI Office 27.203 20.8 1,581.80 1,799.20
21 Rouse Company RSE Retail 26.125 23.8 1,795.60 1,795.60
22 Plum Creek Timber Co Inc. PCL Land 26 19.5 1,782.90 1,782.90
23 Post Properties Inc PPS Residential 37.359 5.8 1,479.70 1,673.30
24 Highwoods Properties Inc HIW Office 24.656 24.6 1,440.30 1,635.90
25 Charles E Smith Resi Rlty Inc SRW Residential 45.406 35.6 995.2 1,608.30
26 Health Care Property Invest Inc HCP Health Care 30.641 37 1,558.80 1,582.10
27 Arden Realty Inc ARI Office 23.625 23.6 1,503.70 1,555.00
28 First Industrial Realty Trust Inc FR Industrial 33.016 33.3 1,275.70 1,513.20
29 Reckson Associates Realty Corp RA Industrial 22.984 29.3 1,290.20 1,467.10
30 FelCor Lodging Trust Inc FCH Hotel 23.938 47.5 1,256.90 1,462.70
31 Hospitality Properties Trust HPT Hotel 25.813 48 1,457.70 1,457.70
32 Regency Centers Corporation REG Retail 24.047 34.5 1,368.20 1,408.20
33 BRE Properties Inc BRE Residential 28.656 35.6 1,315.20 1,380.70
34 Mission West Properties Inc MSW Industrial 13.984 80.1 238.1 1,380.10
35 New Plan Excel Realty Trust Inc NXL Retail 14.953 6.9 1,310.70 1,332.80
36 Camden Property Trust CPT Residential 31.75 30.4 1,237.90 1,318.60
37 Franch Finance Corp of America FFA Restaurant 22.875 2.8 1,293.80 1,293.80
38 Cousins Properties Incorporated CUZ Div/ Other 26.094 13.1 1,284.10 1,284.10
39 United Dominion Rlty Trust Inc UDR Residential 11.453 26.5 1,170.70 1,256.20
40 Weingarten Realty Investors WRI Retail 41.797 27.1 1,120.50 1,120.50
41 MeriStar Hospitality Corp MHX Hotel 21.703 53 999.3 1,095.80
42 Westfield America Inc WEA Retail 14.172 14.6 1,039.60 1,083.20
43 HRPT Properties Trust HRP Office 7.906 1.5 1,043.20 1,043.20
44 Essex Property Trust Inc ESS Residential 49.797 52.7 929.00 1,035.30
45 CBL & Associates Properties Inc CBL Retail 27.438 38.5 687.80 1,016.60
46 Home Prop of New York Inc HME Residential 26.984 9.2 581.90 1,009.80
47 Chateau Communities Inc CPJ Residential 31.25 36.2 890.50 1,004.20
48 CenterPoint Properties Trust CNT Industrial 46.016 30.9 956.00 956.00
49 Prentiss Properties Trust PP Office 24.813 23.6 907.70 949.30
50 Taubman Centers Inc TCO Retail 11.453 9.3 583.90 948.50