Below is a ranking of the top 50 REITs by equity market cap as of 8/7/01. 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
8/7/01
Price $
1 Yr Total
Return %
Equity Mkt Cap
(Millions)
Implied Mkt Cap
(Millions)
1 Equity Office Properties Trust EOP Office 30.54 5.9 12,579.6 14,322.4
2 Equity Residential Prop Trust EQR Residential 57.54 24.1 7,687.0 8,388.2
3 Simon Property Group Inc SPG Retail 28.70 23.7 4,917.2 6,780.8
4 Boston Properties Inc BXP Office 39.33 -1.3 3,553.5 4,355.1
5 ProLogis Trust PLD Industrial 22.15 1.9 3,856.0 3,968.7
6 Host Marriott Corp. HMT Hotel 13.48 34.0 3,537.8 3,846.5
7 Apartment Investmt & Mgmt Co AIV Residential 45.65 18.5 3,378.9 3,814.4
8 Vornado Realty Trust VNO Div/Other 39.30 3.1 3,484.4 3,778.8
9 Duke Realty Corp DRE Office 24.97 8.5 3,241.0 3,709.4
10 Public Storage Inc PSA Self-Storage 30.75 29.1 3,689.0 3,696.3
11 AvalonBay Communities AVB Residential 49.33 10.7 3,345.7 3,378.8
12 Crescent Real Estate Equities Co CEI Office 24.73 24.2 2,678.1 3,369.5
13 Archstone Communities Trust ASN Residential 26.30 9.4 3,188.8 3,213.7
14 Kimco Realty Corp KIM Retail 48.41 27.4 3,102.0 3,102.0
15 General Growth Properties Inc GGP Retail 36.87 15.5 1,932.5 2,654.2
16 AMB Property Corp AMB Industrial 25.95 15.9 2,205.6 2,341.3
17 Liberty Property Trust LRY Industrial 29.85 16.0 2,106.1 2,225.1
18 CarrAmerica Realty Corp CRE Office 32.00 17.3 1,986.6 2,172.1
19 Charles E. Smith Res Realty Inc SRW Residential 51.23 24.6 1,298.2 1,970.7
20 Health Care Prop Investors Inc HCP Health Care 34.89 33.6 1,928.8 1,958.3
21 Rouse Company RSE Retail 28.12 13.8 1,935.9 1,935.9
22 Plum Creek Timber Co Inc PCL Land 28.16 17.6 1,931.0 1,931.0
23 Mack-Cali Realty Corp CLI Office 28.15 19.1 1,604.4 1,828.4
24 Arden Realty Inc ARI Office 26.00 8.3 1,655.2 1,711.5
25 Post Properties Inc PPS Residential 37.27 -9.6 1,436.2 1,628.8
26 Camden Property Trust CPT Residential 37.65 29.9 1,530.5 1,624.4
27 Highwoods Properties, Inc. HIW Office 26.00 11.7 1,400.8 1,600.0
28 Hospitality Properties Trust HPT Hotel 27.99 28.4 1,581.6 1,581.6
29 CBL & Associates Properties Inc CBL Retail 31.07 30.2 792.7 1,550.3
30 Regency Centers Corp REG Retail 26.19 20.9 1,506.7 1,547.7
31 Weingarten Realty Investors WRI Retail 46.90 21.4 1,519.8 1,519.8
32 United Dominion Rlty Trust Inc UDR Residential 14.05 36.0 1,405.7 1,515.2
33 BRE Properties Inc BRE Residential 30.85 0.2 1,435.7 1,494.3
34 New Plan Excel Realty Trust Inc NXL Retail 16.79 26.8 1,464.2 1,489.1
35 First Industrial Realty Trust Inc FR Industrial 32.10 16.2 1,256.4 1,484.6
36 Reckson Associates Realty Corp RA Industrial 22.47 -6.0 1,283.7 1,456.6
37 FelCor Lodging Trust Inc FCH Hotel 22.15 14.7 1,173.4 1,373.1
38 Mission West Properties Inc MSW Office 12.85 16.3 219.6 1,306.0
39 Cousins Properties Inc CUZ Div/Other 26.15 -6.9 1,294.5 1,294.5
40 Westfield America Inc WEA Retail 15.99 15.6 1,172.9 1,222.1
41 Home Properties of NY Inc HME Residential 30.56 11.3 668.0 1,158.6
42 HRPT Properties Trust HRP Office 8.70 43.9 1,136.6 1,136.6
43 Taubman Centers Inc TCO Retail 13.59 31.9 689.7 1,122.3
44 Storage USA Inc SUS Self-Storage 36.57 32.3 1,001.3 1,114.8
45 Macerich Company MAC Retail 24.40 13.7 823.5 1,095.7
46 Healthcare Realty Trust HR Health Care 26.72 49.9 1,084.7 1,084.7
47 CenterPoint Properties Trust CNT Industrial 47.94 16.5 1,083.5 1,083.5
48 Essex Property Trust Inc ESS Residential 52.04 7.3 961.3 1,080.5
49 Prentiss Properties Trust PP Office 27.49 21.1 1,007.0 1,051.8
50 MeriStar Hospitality Corp MHX Hotel 21.69 8.6 964.5 1,049.6