Three REITs Named to Fortune Magazine’s 500 Largest U.S. Corporations List

06/28/2016

Three NAREIT Corporate Members have been included on Fortune Magazine’s list of the 500 largest U.S. corporations, as ranked by revenue.

Timber REIT Weyerhaeuser (NYSE: WY) ranked 373 on the list. The company was also ranked first overall in the forest and paper products segment category.

Host Hotels & Resorts, Inc. (NYSE: HST) ranked number 472 on the list, and was ranked fourth in the real estate segment category. Simon Property Group (NYSE: SPG), ranked number 488 on the list, and ranked fifth in the real estate category.

(Contact: Sarah Borchersen-Keto at sborchersen_keto@nareit.com)

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What's a REIT?

REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade on major stock exchanges, and they offer a number of benefits to investors.

Why Invest in REITs

REITs historically have delivered competitive total returns, based on high, steady dividend income and long-term capital appreciation. Their comparatively low correlation with other assets also makes them an excellent portfolio diversifier that can help reduce overall portfolio risk and increase returns. These are the characteristics of real estate investment.

About Nareit

Nareit serves as the worldwide representative voice for REITs and real estate companies with an interest in U.S. real estate. Nareit’s members are REITs and other real estate companies throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses.