KPIs of the largest real estate investment trusts (REITs) in the U.S. 2023

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 115 billion U.S. dollars during that period. Nevertheless, American Tower Corp had the highest revenue, at 10.7 billion U.S. dollars and the second-highest EBITDA margin. American Tower Corp's earnings before interest, taxes, depreciation, and amortization amounted to 89.9 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) - 17.25 percent.