Largest nonlisted real estate investment trusts
Closed REITs, ranked by 3Q invested assets Company 3Q…
Closed REITs, ranked by 3Q invested assets
| Company | 3Q invested assets (in millions) | Current share value* | Current dividend yield | |
|---|---|---|---|---|
| 1 | Inland American Real Estate Trust | $12,135.0 | $8.03 | 5.00% |
| 2 | Inland Western Retail Real Estate Trust | $8,327.2 | $6.95 | 2.55% |
| 3 | Wells REIT II | $6,157.0 | $7.47 | 5.00% |
| 4 | Behringer Harvard REIT I | $4,181.4 | $4.25 | 1.00% |
| 5 | KBS Real Estate Investment Trust | $3,972.0 | $7.32 | 5.25% |
| 6 | Corporate Property Associates 16 Global | $3,628.8 | $8.90 | 6.62% |
| 7 | Cole Credit Property Trust II | $3,450.1 | $9.35 | 6.25% |
| 8 | Dividend Capital Total Realty Trust | $3,133.5 | $8.45 | 6.00% |
| 9 | CNL Lifestyle Properties | $3,022.3 | $10.00 | 6.25% |
| 10 | KBS Real Estate Investment Trust II | $2,903.6 | $10.00 | 6.50% |
| 11 | Corporate Property Associates 15 | $2,797.1 | $10.40 | 7.29% |
| 12 | Hines Real Estate Investment Trust | $2,623.7 | $7.78 | 5.00% |
| 13 | Healthcare Trust of America | $2,393.4 | $10.00 | 7.25% |
| 14 | Apple REIT Nine | $1,696.2 | Not priced | 8.00% |
| 15 | Apple REIT Eight | $1,000.3 | Not priced | 5.00% |
| 16 | Apple REIT Seven | $965.0 | Not priced | 7.00% |
| 17 | Apple REIT Six | $935.9 | Not priced | 7.00% |
| 18 | Lightstone Value Plus REIT | $507.9 | $9.97 | 7.00% |
| 19 | Apartment Trust of America | $384.6 | $10.00 | 3.00% |
| 20 | Cole Credit Property Trust I | $206.0 | $7.65 | 5.00% |
| *The value disclosed by the nonlisted REIT as of Nov. 27. N/A = not available. Source: MTS Research Advisors | ||||
Effective REITs, ranked by 3Q equity raised
| Company | 3Q equity raised (in millions) | Current dividend yield | 3Q MFFO * payout ratio | |
|---|---|---|---|---|
| 1 | Cole Credit Property Trust III | $338.5 | 6.50% | 95% |
| 2 | American Realty Capital Trust | $267.8 | 7.00% | 156% |
| 3 | Behringer Harvard Multifamily REIT I | $260.4 | 6.00% | 290% |
| 4 | CB Richard Ellis Realty Trust | $193.9 | 6.00% | 108% |
| 5 | Corporate Property Associates 17 – Global | $128.6 | 6.50% | 115% |
| 6 | Hines Global REIT | $115.6 | 7.00% | 156% |
| 7 | Industrial Income Trust | $105.3 | 6.25% | 145% |
| 8 | Grubb & Ellis Healthcare REIT II | $101.2 | 6.50% | 97% |
| 9 | Inland Diversified Real Estate Trust | $75.6 | 6.00% | 80% |
| 10 | Wells Core Office Income REIT | $62.8 | 6.00% | 204% |
| 11 | NorthStar Real Estate Income Trust | $55.5 | 8.00% | N/A |
| 12 | KBS Strategic Opportunity REIT | $51.7 | 3.00% | N/A |
| 13 | Apple REIT Ten | $43.3 | 7.50% | 152% |
| 14 | KBS Real Estate Investment Trust III | $35.9 | 6.50% | Negative |
| 15 | Strategic Storage Trust | $31.7 | 7.00% | 214% |
| 16 | American Realty Capital Trust III | $26.2 | 6.60% | N/A |
| 17 | United Development Funding IV | $25.9 | 8.00% | N/A |
| 18 | American Realty Capital Healthcare Trust | $24.1 | 6.60% | 168% |
| 19 | Wells Timberland REIT | $16.2 | 2% Stock | N/A |
| 20 | Resource Real Estate Opportunity REIT | $13.0 | 6% Stock | N/A |
| *MFFO is modified funds from operations. MFFO is based on NAREIT-defined funds from operations and is adjusted only for acquisition costs expensed in the current period. N/A = not available. Source: MTS Research Advisors | ||||
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