American Tower, Welltower, and Prologis were the real estate investment trusts (REITs) worldwide with the largest market caps as of April 14, 2024. All three REITs were headquartered in the United States. If fact, out of the 30 largest REITs, only *** was headquartered outside the United States — **************************

Among the 50 real estate investment trusts (REITs) with the largest market cap, Prologis (PLD) and American Tower (AMT) recorded to the at the top of the list with around ** and ** billion US dollars each. The REITs sector reported a decrease in 2022, with the after the market cap reached record high the previous year. Nevertheless, the year-to-date total returns for all property segments were negative as of September 2022.

The real estate investment trusts (REITs) market in the United States grew slightly in 2023, after plummeting in 2022. In 2023, the market cap of all REITs, including equity, mortgage, and hybrid, reached **** trillion U.S. dollars. This was a decrease from the **** trillion U.S. dollars recorded in 2021 when the market peaked. REITs are companies which own and operate real estate to generate income. U.S. REIT sector The number of REITs operating in the U.S. has fluctuated over the past 45 years, and in 2023 measured *** firms. The number in operation has slightly fallen from its record high of *** companies in 2015. REITs often specialize in a specific property type, with industrial and retail being the most popular asset types. Global dominance of American REITs The largest ten REITs worldwide were based in the United States in 2024. Prologis, a company specializing in logistics real estate, was the largest REIT globally in terms of market capitalization in that year.

The infrastructure real estate investment trust (REIT) Prologis was the largest U.S. REIT as of October 31, 2024, with a market cap of almost *** billion U.S. dollars. During this period, the debt to ratio of Prologis was **** percent. The debt ratio measures the financial leverage of a company and is calculated as the total debt divided by the sum of implied market capitalization and total debt.

The FTSE Nareit All Equity REITs index is a free-float adjusted, market capitalization-weighted index of equity real estate investment trusts (REITs) in the United States. As of December 2024, the market cap of the index was *** trillion U.S. dollars, up from *** trillion U.S. dollars in December 2021. To be included in the index, the 140 constituents have to have more than ** percent of total assets in qualifying real estate assets other than mortgages secured by real property. Infrastructure, residential, and retail real estate are the largest REIT segments: Retail real estate REITs had a market cap of *** billion U.S. dollars as of December 2024, while industrial had a market cap of almost ***** billion U.S. dollars. The number of REITs has remained fairly constant in recent years, but the market cap has increased notably.

The North America REIT Market Report Segments the Industry by Sector of Exposure (Retail, Industrial, Office, and More), by REIT Structure (Equity REITs, Mortgage REITs, and Hybrid REITs), by Market-Capitalization Size (Large-Cap (≥ US $10 Bn, Mid-Cap (US $3–10 Bn), and Small-Cap (≤ US $3 Bn)), and by Country (United States, Canada, and Mexico). The Market Forecasts are Provided in Terms of Value (USD).

The size of the North America REIT Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 2.50% during the forecast period. The North America Real Estate Investment Trust (REIT) market comprises publicly traded companies that own, operate, or finance income-producing real estate across various property sectors, including residential, commercial, industrial, healthcare, and infrastructure. Established primarily in the United States and Canada, REITs allow individual investors to invest in large-scale, income-generating real estate assets without directly owning the property. REITs are attractive to investors due to their potential for steady income through dividends, as they are legally required to distribute a substantial percentage of their taxable income to shareholders. Additionally, they offer a way to diversify portfolios with real estate exposure while maintaining liquidity through public markets. Several factors drive the North American REIT market, including economic growth, urbanization, and shifts in demographics, which influence demand for different types of real estate assets. For instance, trends such as the rise of e-commerce have significantly increased the demand for industrial and logistics spaces, while demographic changes support the growth of residential REITs, particularly in multifamily and senior housing sectors. REITs also offer tax advantages, making them appealing in the investment landscape, as well as a hedge against inflation, given real estate’s tangible asset backing. Key drivers for this market are: Fund Inflows is Driving the ETF Market. Potential restraints include: Underlying Fluctuations and Risks are Restraining the Market. Notable trends are: REITs prominence in Senior Housing & Care Market in United States.

As of December 2024, the ten leading industrial and logistics real estate investment trusts (REITs) in the United States had a combined market capitalization of about *** billion U.S. dollars. Three REITs in the list experienced a decrease in market capitalization in 2023. The largest industrial and logistics REIT, Prologis, saw its market cap increase from about ** billion U.S. dollars to approximately ** billion U.S. dollars between October 2023 and December 2024.The REITs sector declined in 2022 after the market cap reached a record high in 2021. Consequently, the year-to-date total returns for all property segments turned negative in 2022.

According to Cognitive Market Research, the Global Real Estate Investment Trusts (REIT) market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The industrial segment is the fastest-growing application in the REITs market, largely due to the rapid expansion of e-commerce and the demand for distribution centers and warehouses

Market Dynamics of Real Estate Investment Trusts (REIT) Market

Key Drivers for Real Estate Investment Trusts Reits Market

Growing Demand for Stable Income-Generating Assets to Boost Market Growth

The demand for stable income-generating assets is one of the key drivers of the Real Estate Investment Trusts (REITs) market. Investors increasingly seek predictable cash flows, especially in uncertain economic climates. REITs provide access to a diversified portfolio of income-producing properties, such as office buildings, shopping centers, and residential complexes, offering consistent dividends. This appeal is particularly strong among income-focused investors like retirees or those seeking to reduce risk. Additionally, REITs allow smaller investors to gain exposure to large-scale real estate investments without the need for substantial capital, further fueling market growth. For instance, in November 2023, 1031 Crowdfunding launched the Covenant Senior Housing REIT, Inc., which aims to create new ways for senior living investors to grow their holdings. The newly formed REIT stands as its own company, and 1031 is the REIT’s sponsor. With the launch, 1031 Crowdfunding focused on “exchange-type vehicles” and working with investors interested in “non-correlating assets who want to invest in senior housing”

Rise in Investor Interest for Diversification and Liquidity to Drive Market Growth

The growing desire for diversification and liquidity among investors has contributed to the expansion of the REITs market. Unlike direct property ownership, REITs provide liquidity as they can be traded on major stock exchanges, offering an attractive alternative for those looking for easier access to real estate investments without the complexities of managing properties. This liquidity makes REITs a highly attractive investment vehicle, especially in volatile markets. Furthermore, REITs enable investors to diversify their portfolios across different types of real estate assets, helping to mitigate risks and enhance returns in a well-balanced investment strategy.

Key Restraint for the Real Estate Investment Trusts Reits Market

Impact of Fluctuating Interest Rates to Hamper Market Growth

Fluctuating interest rates represent a significant restraint for the REITs market. When interest rates rise, the cost of borrowing increases, making it more expensive for REITs to finance property acquisitions or development projects. This can limit growth opportunities and reduce profitability. Additionally, higher interest rates tend to make fixed-income investments more attractive relative to REITs, which may cause a shift in investor preferences. The sensitivity of REITs to interest rate changes can lead to price volatility, which could deter some investors from entering or staying in the market, particularly those seeking stable returns.

Key Trends for Real Estate Investment Trusts Reits Market

The Rise of Thematic and Sector-Specific REITs to Draw Targeted Investments

A notable trend within the REIT...

The real estate investment trust (REIT) market is projected to expand significantly, reaching a market size of 2035.3 million by 2033, exhibiting a robust 9.1% CAGR during the forecast period (2023-2033). The growth is attributed to several key factors, including rising urbanization, increasing disposable income, and government initiatives promoting homeownership. Moreover, the increasing demand for institutional-grade real estate and the growth of the e-commerce industry have further fueled the expansion of the REIT market. The REIT market is segmented into various application types, including office, retail, residential, industrial, and others. The office segment currently holds the largest market share due to the growing demand for commercial office spaces in urban areas. However, the residential segment is expected to witness significant growth in the coming years, driven by the increasing need for affordable housing solutions. In terms of type, equity REITs are the most prevalent, followed by mortgage REITs and hybrid REITs. Geographically, North America is the largest market for REITs, followed by Europe and Asia-Pacific.

As of October 2024, the ten leading office real estate investment trusts (REITs) in the United States had a combined market capitalization of about ** billion U.S. dollars. All REITs in the list experienced a decrease in market capitalization in 2023. The largest office REIT, Boston Properties, Inc., saw its market cap increase from *** billion U.S. dollars to **** billion U.S. dollars between October 2023 and October 2024.

According to Cognitive Market Research, the global Real Estate Investment Trust market size will be USD xx million in 2024. It will expand at a compound annual growth rate (CAGR) of 3.60% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.3% from 2024 to 2031.
The Equity REITs is the fastest growing segment of the Real Estate Investment Trust industry

Market Dynamics of Real Estate Investment Trust Market

Key Drivers for Real Estate Investment Trust Market

Increasing Stable Income Generation to Boost Market Growth

Real Estate Investment Trusts (REITs) are acknowledged for their solid earnings era, making them attractive to investors searching out regular coins to go with the flow. They derive profits frequently from rental bills on properties inclusive of industrial homes, flats, purchasing facilities, and more. REITs are required, with the aid of regulation, to distribute a minimum of 90% of their taxable income to shareholders as dividends, ensuring a dependable move of income. This regular dividend payout makes REITs mainly attractive to earnings-focused buyers, which includes retirees or those searching out passive profits, while additionally imparting potential for capital appreciation over time.

Increasing Demand for Real Estate to Drive Market Growth

The increasing demand for actual property is fueled by way of international population increase, urbanization, and monetary development. As more humans circulate to towns and economies make bigger, the want for residential, industrial, and business residences rises. This growing demand leads to higher property values and rental earnings, reaping rewards for Real Estate Investment Trusts (REITs). With an assorted portfolio across sectors like retail, office areas, and housing, REITs are nicely positioned to capitalize on those trends. As asset expenses and condominium quotes grow, REITs can generate better returns for traders via both capital appreciation and consistent dividend payouts.

Restraint Factor for the Real Estate Investment Trust Market

Interest Rate Sensitivity, will Limit Market Growth

REITs are rather touchy to interest rate fluctuations due to their reliance on borrowed capital for property acquisitions and development. When hobby quotes upward push, borrowing prices grow, lowering REITs' profitability. Higher hobby prices can also make alternative profits-producing investments, like bonds, extra attractive, probably mainly to lower the call for REIT shares. Additionally, growing costs may suppress property values, in addition to impacting REIT's overall performance. Conversely, while interest charges are low, REITs gain from cheaper borrowing charges and greater favorable situations for property investments, improving their capability to generate returns and keep robust dividend payouts for traders.

Impact of Covid-19 on the Real Estate Investment Trust Market

The COVID-19 pandemic extensively impacted the Real Estate Investment Trust (REIT) marketplace, inflicting elevated volatility and shifts in calls across sectors. While some segments, like residential and business REITs, fared well because of sustained calls for housing and e-commerce, others, in particular retail and hospitality REITs, confronted enormous declines as lockdowns and travel restrictions reduced occupancy charges and apartment earnings. The pandemic improved tendencies towards remote paintings and online purchasing, reshaping the panorama for REIT investments and techniques shifting ahead. Market Overview

As per Cognitive Market Research, the global Re...

The infrastructure real estate investment trust (REIT) Prologis was the largest U.S. REIT as of November 2024, with a market cap of almost *** billion U.S. dollars. In 2024, the price to funds from operation (P/FFO) ratio of Prologis was estimated at *****, with 2025 witnessing a slight decline to *****. The REITs sector has grown substantially, with the market cap reaching a record high in 2021. After a difficult year of negative returns in 2022, the year-to-date total returns for all property segments returned to positive grounds in 2023.

Real Estate Investment Trust (REIT) Market Outlook

The global Real Estate Investment Trust (REIT) market size was valued at approximately USD 1.4 trillion in 2023 and is projected to reach nearly USD 3 trillion by 2032, growing at a compound annual growth rate (CAGR) of 7.8% during the forecast period. This impressive growth trajectory is primarily driven by the increasing popularity of REITs as a diversified investment vehicle, rising urbanization, and the growing need for commercial and residential spaces globally.

One of the primary growth factors for the REIT market is the increasing urbanization and industrialization across the globe. As more people migrate to urban centers in search of better opportunities, the demand for residential, commercial, and industrial spaces rises. This, in turn, boosts the REIT market as these trusts invest in and manage properties that cater to this growing demand. Furthermore, the development of smart cities and infrastructure projects in emerging economies is expected to provide a significant thrust to the REIT market.

Another significant driver for market growth is the diversification benefits and stable income streams that REITs offer to investors. Unlike other investment avenues, REITs provide investors with an opportunity to invest in a diversified portfolio of real estate assets, which reduces the overall risk. Additionally, REITs are required by law to distribute a significant portion of their income as dividends to shareholders, thereby offering a stable income stream. This income stability makes REITs an attractive investment option, particularly in a low-interest-rate environment.

The increasing acceptance and inclusion of REITs in various investment portfolios are also contributing to market growth. Financial advisors and institutional investors are increasingly recognizing the benefits of including REITs in investment portfolios for diversification and income generation purposes. This growing acceptance is further supported by regulatory changes in several countries that have made it easier for REITs to operate and for investors to invest in them. Moreover, the advent of online platforms and technological advancements has made it easier for individual investors to access and invest in REITs.

Industrial Real Estate is a critical component of the REIT market, particularly as global supply chains become more complex and demand for efficient logistics solutions increases. This sector includes properties such as warehouses, distribution centers, and manufacturing facilities, which are essential for supporting the growing e-commerce industry. As companies strive to optimize their supply chains and reduce delivery times, the demand for strategically located industrial properties is on the rise. This trend is further fueled by advancements in technology and automation, which are transforming the way these properties are utilized and managed. Investors are increasingly drawn to industrial REITs due to their potential for stable returns and growth, driven by the robust demand for logistics infrastructure.

From a regional perspective, North America currently holds the largest share of the global REIT market, driven by the well-established real estate sector in the United States and Canada. The Asia Pacific region is expected to witness the highest growth during the forecast period, primarily due to rapid urbanization, industrialization, and increasing disposable incomes in countries like China, India, and Southeast Asian nations. Europe also presents significant growth opportunities, particularly in the commercial and retail property segments, supported by the region's strong economic fundamentals and regulatory frameworks.

Property Type Analysis

The REIT market is segmented based on property type into residential, commercial, industrial, retail, healthcare, and others. Residential REITs, which invest in and manage residential properties such as apartment buildings and multi-family housing, have seen significant growth. The increasing demand for rental properties, driven by urbanization and demographic changes, has made residential REITs an attractive investment option. Additionally, the growing trend of co-living spaces and affordable housing projects in urban areas is further propelling the growth of residential REITs.

Commercial REITs, which focus on office buildings, business parks, and co-working spaces, are also experiencing substantial growth. The

The retail real estate investment trust (REIT) Getty Realty - a free standing retail REIT - had the highest dividend yield among the ** largest retail REITs in the United States in February 2025. Besides free standing retail, the ranking also includes shopping centers and region mall REITs. Simon Property Group, the retail REIT with the largest market cap, which specializes in regional malls, had a dividend yield of **** percent.

The US residential real estate market, a significant component of the global market, is characterized by a moderate but steady growth trajectory. With a projected Compound Annual Growth Rate (CAGR) of 2.04% from 2025 to 2033, the market demonstrates resilience despite fluctuating economic conditions. The 2025 market size, while not explicitly provided, can be reasonably estimated based on available data and considering recent market trends. Assuming a continuation of the observed growth pattern in preceding years, a substantial market value in the trillions is plausible. Key drivers include sustained population growth, particularly in urban areas, increasing household formations among millennials and Gen Z, and ongoing demand for both rental properties (apartments and condominiums) and owner-occupied homes (landed houses and villas). However, challenges persist, including rising interest rates which impact affordability, supply chain constraints affecting new construction, and the potential for macroeconomic shifts to influence buyer confidence. Segmentation analysis highlights the varying performance across property types, with apartments and condominiums potentially experiencing higher demand in urban centers while landed houses and villas appeal to a different demographic profile and geographic distribution. The competitive landscape includes a mix of large publicly traded real estate investment trusts (REITs) like AvalonBay Communities and Equity Residential, regional developers like Mill Creek Residential, and established brokerage firms such as RE/MAX and Keller Williams Realty Inc., all vying for market share within distinct segments. The geographical distribution of the market shows significant concentration within North America, particularly in the US, reflecting established infrastructure, economic stability, and favorable regulatory environments. While other regions like Europe and Asia-Pacific contribute to the global market, the US continues to be a dominant force. The forecast period (2025-2033) suggests continued expansion, albeit at a moderate pace, indicating a relatively stable and mature market that remains attractive for investment and development. Future growth hinges upon addressing affordability concerns, navigating fluctuating interest rates, and managing supply-demand dynamics to ensure sustainable market expansion. Government policies influencing housing affordability and construction regulations will play a crucial role in shaping the future trajectory of the US residential real estate sector. Recent developments include: May 2022: Resource REIT Inc. completed the sale of all of its outstanding shares of common stock to Blackstone Real Estate Income Trust Inc. for USD 14.75 per share in an all-cash deal valued at USD 3.7 billion, including the assumption of the REIT's debt., February 2022: The largest owner of commercial real estate in the world and private equity company Blackstone is growing its portfolio of residential rentals and commercial properties in the United States. The company revealed that it would shell out about USD 6 billion to buy Preferred Apartment Communities, an Atlanta-based real estate investment trust that owns 44 multifamily communities and roughly 12,000 homes in the Southeast, mostly in Atlanta, Nashville, Charlotte, North Carolina, and the Florida cities of Jacksonville, Orlando, and Tampa.. Notable trends are: Existing Home Sales Witnessing Strong Growth.

As of October 2024, the ten leading mortgage real estate investment trusts (REITs) in the United States had a combined market capitalization of about ** billion U.S. dollars. All REITs in the list experienced an increase in market capitalization in 2024, indicating an optimistic outlook. The home financing mortgage REIT Annaly Capital Management, Inc. saw its market cap increase from *** billion U.S. dollars to *** billion U.S. dollars. According to the source, mortgage REITs generate income from the interest on investments in mortgages and mortgage backed securities of income-producing residential and commercial properties. The REITs sector has grown substantially, with the market cap reaching a record high in 2021. After a difficult year of negative returns in 2022, the year-to-date total returns for all property segments returned to positive grounds in 2023.

Renewable Infrastructure REIT Market Outlook

According to our latest research, the global Renewable Infrastructure REIT market size reached USD 39.7 billion in 2024, propelled by robust investor appetite for sustainable assets and expanding renewable energy portfolios. The market is projected to grow at a CAGR of 11.6% during the forecast period, reaching USD 108.6 billion by 2033. This impressive growth is fueled by increasing demand for clean energy, favorable regulatory frameworks, and the rising integration of renewable energy assets into institutional investment portfolios.

The primary growth driver for the Renewable Infrastructure REIT market is the accelerating global transition towards decarbonization and sustainability. Governments across major economies are implementing stringent emission reduction targets and incentivizing the deployment of renewable energy assets. This regulatory momentum, combined with growing climate awareness among investors, is catalyzing the development and listing of REITs focused on solar, wind, hydroelectric, biomass, and geothermal infrastructure. The consistent growth in renewable energy installations worldwide, coupled with the need for large-scale capital inflows, makes REITs an attractive vehicle for both asset owners and investors seeking stable returns with environmental impact.

Another significant growth factor is the maturation of renewable energy technologies and the declining cost of generation. As solar and wind technologies achieve grid parity in many regions, the cash flows from renewable assets are becoming more predictable and attractive for REIT structures. This financial stability, combined with the diversification benefits that renewable infrastructure provides to real estate investment portfolios, is drawing institutional capital at an unprecedented pace. Furthermore, the increasing sophistication of asset management practices and the emergence of hybrid REIT models are enabling more efficient aggregation and monetization of distributed renewable assets, further expanding the market’s potential.

The growing participation of retail investors, facilitated by the democratization of investment platforms and the rise of ESG-focused financial products, is also contributing to market expansion. Renewable Infrastructure REITs offer retail investors access to large-scale, income-generating clean energy projects that were previously accessible only to institutional investors. The transparent and regulated nature of REITs, combined with the long-term power purchase agreements (PPAs) underpinning renewable projects, provides a compelling risk-return profile for a broad range of investors. Additionally, the proliferation of green finance initiatives and sustainable investment mandates among pension funds and sovereign wealth funds is expected to further accelerate capital inflows into this sector.

Regionally, North America and Europe are currently leading the Renewable Infrastructure REIT market, accounting for the majority of global investment activity and asset deployment. North America, driven by the United States, benefits from a mature REIT ecosystem and a rapidly expanding renewable energy sector. Europe, with its ambitious decarbonization agenda and supportive regulatory environment, is witnessing a surge in both utility-scale and distributed renewable projects entering REIT structures. Meanwhile, Asia Pacific is emerging as a high-growth region, supported by large-scale renewable energy targets in China, India, and Southeast Asia. Latin America and the Middle East & Africa, while still nascent, are showing increasing interest as governments and private sector players ramp up their renewable energy commitments.

Asset Type Analysis

The Renewable Infrastructure REIT market is segmented by asset type into solar, wind, hydroelectric, biomass, geothermal, and others, each contributing uniquely to the sector’s overall growth and risk diversification. Solar assets represent the largest share within this segment, owing to the rapid decline in photovoltaic technology costs and widespread policy support for solar energy installations. Solar REITs are particularly attractive due to their scalability, predictable cash flows from long-term PPAs, and suitability for both utility-scale and distributed generation projects. Investors are increasingly drawn to solar REITs for their ability to generate stable, inflation-hedged income streams while supporting the glob

The Commercial Real Estate (CRE) industry is exhibiting significant variations across markets, with persistently high office vacancy rates juxtaposed against thriving prime office spaces. Hard hit by the widespread adoption of remote and hybrid work models, the overall office vacancy rate rose to 20.4% in Q4 2024 from the pre-pandemic rate of 16.8%. However, leasing volumes for prime office spaces are set to climb, providing opportunities for seasoned investors. On the other hand, the multifamily sector is gaining from a prominent move towards renting, primarily driven by housing affordability concerns and changing lifestyle preferences. This has increased demand for multifamily properties and opportunities to convert underutilized properties, such as offices, into residential rentals. The industrial real estate segment is also evolving, with the boom in e-commerce necessitating the development of strategically located warehouses for quick fulfillment and last-mile delivery. Industry revenue has gained at a CAGR of 0.8% to reach $1.4 trillion through the end of 2025, including a 0.4% climb in 2025 alone. The industry is grappling with multiple challenges, including high interest rates, wide buyer-seller expectation gaps and significant disparities in demand across different geographies and asset types. The Federal Reserve's persistent high-interest-rate environment creates refinancing hurdles for properties purchased during the low-rate period of 2020-2021. Because of remote working trends, office delinquency rates are predicted to climb from 11.0% in late 2024 to 14.0% by 2026, leading to a job market increasingly concentrated in certain urban centers. Through the end of 2030, the CRE industry is expected to stabilize as the construction pipeline shrinks, reducing new supply and, in turn, rebalancing supply and demand dynamics. With this adjustment, occupancy rates are likely to improve, and rents may observe gradual growth. The data center segment is set to witness accelerating demand propelled by the rapid expansion of artificial intelligence, cloud computing and the Internet of Things. Likewise, mixed-use properties are poised to gain popularity, driven by the growing appeal of flexible spaces that accommodate diverse businesses and residents. This new demand, coupled with the retiring baby boomer generation's preference for leisure-centric locales, is expected to push the transformation of traditional shopping plazas towards destination centers, offering continued opportunities for savvy CRE investors. Industry revenue will expand at a CAGR of 1.9% to reach $1.6 trillion in 2030.

Prologis was the real estate investment trust (REIT) with the largest market cap in the United States as of March 2023. The market cap, or the aggregate value of the total outstanding shares of the company was over *** billion U.S. dollars during that period. Nevertheless, American Tower Corp had the highest revenue, at **** billion U.S. dollars and the second-highest EBITDA margin. American Tower Corp's earnings before interest, taxes, depreciation, and amortization amounted to **** percent of the company's revenue. In terms of dividends, Simon Property Group Inc ranked first, whereas Public Storage had the highest five-year return on investment (ROI) - ***** percent.