Below is a ranking of the top 50 REITs by equity market cap as of 10/15/01. This monthly ranking is provided by SNL Securities, Charlottesville, Va. (804) 977-1600. Look for REIT updates online at nreionline.com.

TOP 50 REITs by Implied Market Cap (includes common stock and operating units)
REIT Name Symbol Property
Focus
10/15/01
Price $
1 Yr Total
Return %
Equity Mkt Cap
(Millions)
Implied Mkt Cap
(Millions)
1 Equity Office Properties Trust EOP Office 30.75 8.7 12,703.6 14,458.3
2 Equity Residential Properties Trust EQR Residential 27.68 29.8 7,453.2 8,117.7
3 Simon Property Group Inc. SPG Retail 28.89 41.0 4,957.7 6,832.4
4 Boston Properties Inc. BXP Office 37.90 1.4 3,431.8 4,204.3
5 Public Storage Inc. PSA Self-Storage 34.34 54.9 4,125.7 4,133.8
6 Vornado Realty Trust VNO Div/Other 39.27 21.2 3,481.7 3,776.0
7 ProLogis Trust PLD Industrial 20.98 -2.2 3,655.8 3,762.5
8 Apartment Investment & Mgmt. Co. AIV Residential 43.65 22.5 3,235.1 3,651.6
9 Duke Realty Corp. DRE Office/Industrial 23.96 14.2 3,116.1 3,565.5
10 AvalonBay Communities Inc. AVB Residential 47.50 11.8 3,233.9 3,265.8
11 Kimco Realty Corp. KIM Retail 49.93 33.6 3,200.2 3,200.2
12 Archstone Communities Trust ASN Residential 25.80 22.2 3,131.6 3,156.1
13 General Growth Properties Inc. GGP Retail 38.00 30.8 1,993.3 2,737.1
14 Crescent Real Estate Equities Co. CEI Office 18.79 -2.0 2,045.9 2,542.1
15 Host Marriott Corp. HMT Hotel 7.75 -18.6 2,034.0 2,211.4
16 AMB Property Corp. AMB Industrial 24.11 9.2 2,029.2 2,149.5
17 Liberty Property Trust LRY Industrial 27.76 13.0 2,022.4 2,133.1
18 Health Care Property Investors Inc. HCP Health Care 37.80 40.1 2,089.7 2,121.7
19 Mack-Cali Realty Corp. CLI Office 31.87 26.6 1,794.5 2,048.1
20 CarrAmerica Realty Corp. CRE Office 29.84 8.6 1,866.9 2,039.9
21 Charles E. Smith Res Realty Inc. SRW Residential 50.86 20.4 1,289.0 1,956.6
22 Plum Creek Timber Co. Inc. PCL Land 27.58 30.1 1,891.2 1,891.2
23 Rouse Co. RSE Retail 26.25 12.7 1,813.0 1,813.0
24 New Plan Excel Realty Trust Inc. NXL Retail 19.04 75.3 1,660.5 1,688.7
25 Hospitality Properties Trust HPT Hotel 26.81 34.0 1,676.1 1,676.1
26 Reckson Associates Realty Corp. RA Office 24.46 14.5 1,478.8 1,665.8
27 Arden Realty Inc. ARI Office 25.05 9.8 1,597.1 1,651.3
28 Weingarten Realty Investors WRI Retail 50.40 32.6 1,633.2 1,633.2
29 Highwoods Properties Inc. HIW Office 25.90 25.7 1,393.9 1,591.3
30 United Dominion Realty Trust Inc. UDR Residential 14.41 54.8 1,452.3 1,559.2
31 Camden Property Trust CPT Residential 35.78 30.6 1,457.5 1,546.8
32 Post Properties Inc. PPS Residential 35.30 10.0 1,360.7 1,543.1
33 Regency Centers Corp. REG Retail 25.75 22.7 1,482.5 1,522.8
34 CBL & Associates Properties Inc. CBL Retail 30.26 33.5 773.1 1,515.0
35 BRE Properties Inc. BRE Residential 29.60 2.4 1,369.9 1,426.1
36 First Industrial Realty Trust Inc. FR Industrial 29.00 4.6 1,148.1 1,354.2
37 Cousins Properties Inc. CUZ Div/Other 25.20 1.5 1,253.4 1,253.4
38 Storage USA Inc. SUS Self-Storage 41.10 51.7 1,125.6 1,253.2
39 Home Properties of New York Inc. HME Residential 31.59 31.1 691.0 1,198.1
40 Healthcare Realty Trust Inc HR Health Care 27.75 51.3 1,130.8 1,130.8
41 Mission West Properties Inc MSW Office 11.00 -12.7 188.3 1,129.9
42 Taubman Centers Inc. TCO Retail 13.50 27.4 688.8 1,118.6
43 HRPT Properties Trust HRP Office 8.44 35.8 1,098.7 1,098.7
44 Macerich Co. MAC Retail 24.12 32.1 818.5 1,088.6
45 CenterPoint Properties Trust CNT Industrial 46.85 10.4 1,062.9 1,062.9
46 Prentiss Properties Trust PP Office 27.57 17.4 1,015.6 1,060.5
47 Essex Property Trust Inc. ESS Residential 50.50 -1.1 933.0 1,048.5
48 Developers Diversified Realty Corp. DDR Retail 18.55 65.0 1,024.0 1,043.5
49 Chateau Communities Inc. CPJ Residential 30.95 23.5 890.5 1,008.8
50 Colonial Properties Trust CLP Div/Other 31.53 38.7 658.1 1,008.7