Below is a ranking of the top 50 REITs by equity market cap as of 6/13/01. 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
6/13/01
Price $
1 Yr Total
Return %
Equity Mkt Cap
(Millions)
Implied Mkt Cap
(Millions)
1 Equity Office Properties Trust EOP Office 30.69 16.6 9,506.2 10,766.2
2 Equity Residential Prop Trust EQR Residential 56.00 27.5 7,481.2 8,163.7
3 Simon Property Group Inc SPG Retail 28.39 26.0 4,864.1 6,707.6
4 Boston Properties Inc BXP Office 41.00 17.7 3,690.7 4,547.8
5 Spieker Properties Inc SPK Office 59.20 27.6 3,988.4 4,510.8
6 ProLogis Trust PLD Industrial 22.29 11.1 3,877.9 3,991.3
7 Apartment Invest & Mgmt Co AIV Residential 47.25 37.1 3,466.5 3,879.7
8 Vornado Realty Trust VNO Div/Other 38.47 13.4 3,341.6 3,630.6
9 Host Marriott Corp HMT Hotel 12.72 44.9 2,972.7 3,622.7
10 Duke-Weeks Realty Corp DRE Office 24.40 14.0 3,143.7 3,603.6
11 Public Storage Inc PSA Self-Storage 28.80 32.8 3,462.0 3,468.8
12 Crescent Real Estate Equities Co CEI Office 24.93 33.4 2,699.7 3,396.7
13 AvalonBay Communities Inc AVB Residential 46.51 17.8 3,154.5 3,185.7
14 Archstone Communities Trust ASN Residential 25.73 19.5 3,112.1 3,136.5
15 Kimco Realty Corp KIM Retail 44.50 17.9 2,828.3 2,828.3
16 General Growth Properties Inc GGP Retail 37.75 28.2 1,978.7 2,717.5
17 AMB Property Corp AMB Industrial 24.99 15.6 2,123.6 2,254.3
18 Liberty Property Trust LRY Industrial 29.68 23.4 2,088.1 2,206.4
19 CarrAmerica Realty Corp CRE Office 29.21 12.7 1,813.3 1,990.5
20 Rouse Company RSE Retail 28.40 22.9 1,955.2 1,955.2
21 Plum Creek Timber Co Inc PCL Land 28.27 15.8 1,938.5 1,938.5
22 Health Care Prop Investors Inc HCP Health Care 35.28 39.8 1,801.5 1,831.3
23 Mack-Cali Realty Corp CLI Office 28.05 13.2 1,598.7 1,821.9
24 Charles E. Smith Res Realty Inc SRW Residential 49.85 38.1 1,133.6 1,793.9
25 Arden Realty Inc ARI Office 26.22 19.6 1,669.1 1,725.8
26 Post Properties Inc PPS Residential 38.80 -7.4 1,505.2 1,706.2
27 Highwoods Properties, Inc. HIW Office 26.24 14.7 1,413.7 1,614.8
28 Hospitality Properties Trust HPT Hotel 28.03 34.3 1,583.9 1,583.9
29 New Plan Excel Realty Trust Inc NXL Retail 17.59 31.5 1,533.9 1,560.0
30 Camden Property Trust CPT Residential 35.97 30.7 1,460.0 1,551.3
31 United Dominion Rlty Trust Inc UDR Residential 13.90 35.8 1,408.0 1,511.3
32 Reckson Associates Realty Corp RA Industrial 23.22 9.5 1,323.5 1,502.2
33 First Industrial Realty Trust Inc FR Industrial 32.20 12.3 1,270.3 1,501.3
34 Regency Centers Corp REG Retail 25.39 27.0 1,459.6 1,500.7
35 Weingarten Realty Investors WRI Retail 45.81 21.9 1,481.9 1,481.9
36 CBL & Associates Properties Inc CBL Retail 29.76 28.1 755.5 1,481.2
37 FelCor Lodging Trust Inc FCH Hotel 23.48 20.5 1,243.9 1,455.5
38 BRE Properties Inc BRE Residential 29.51 6.3 1,369.0 1,425.0
39 Mission West Properties Inc MSW Industrial 13.97 57.9 238.7 1,419.8
40 Franchise Fin Corp of America FFA Restaurant 25.13 20.1 1,410.8 1,410.8
41 Cousins Properties Inc CUZ Div/Other 26.90 8.7 1,331.6 1,331.6
42 Westfield America Inc WEA Retail 16.12 24.8 1,182.5 1,232.1
43 HRPT Properties Trust HRP Office 9.20 49.2 1,201.9 1,201.9
44 Taubman Centers Inc TCO Retail 13.56 35.1 678.1 1,109.8
45 MeriStar Hospitality Corp MHX Hotel 22.84 23.4 1,015.6 1,105.2
46 Storage USA Inc SUS Self-Storage 36.04 29.1 979.5 1,100.1
47 Home Properties of NY Inc HME Residential 29.40 12.1 639.4 1,094.5
48 Macerich Company MAC Retail 24.00 20.4 810.0 1,077.7
49 Healthcare Realty Trust Inc HR Health Care 26.15 69.0 1,060.6 1,060.6
50 Essex Property Trust Inc ESS Residential 49.44 26.7 912.5 1,023.5