Top 10 / Top 10 — Real Estate
Top 10 — Real Estate
The 10 highest scores among covered Real Estate companies, rebalanced on the first trading day of each month.
Tracked against the market equal weight · dividends included
SPY is the S&P 500 ETF — the US large-cap market average.
Top 10SPY (dashed)rebalance
−5.6% since 18 Aug 2026, against +1.1% for SPY: 6.6 percentage points behind the market.
Both lines include dividends: each payout is reinvested in the company that paid it, and SPY's payouts are reinvested the same way.
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The 10 members
| # | Company | Why it is here | Score | Pillars | Sector rank | Price | Since entry | In the list since |
|---|---|---|---|---|---|---|---|---|
| 1 | LTC PROPERTIES REIT INC (LTC) | Valuation 82nd (price to earnings 15.3, price to book 1.8).Valuation 82nd (price to earnings 15.3, price to book 1.8) and growth 74th (3-year revenue CAGR 14.5%); weakest is financial health (50th, debt to equity 0.6).
Pillar percentiles |
PGHVCT | 1 | 42.05 8 Oct 2026 | +5.1% | 18 Aug 2026 | |
| 2 | ST JOE (JOE) | Growth 87th (3-year revenue CAGR 26.7%, revenue growth year over year 28.4%).Growth 87th (3-year revenue CAGR 26.7%, revenue growth year over year 28.4%) and profitability 75th (operating margin 28.5%, return on equity 14.9%); weakest is valuation (38th, price to book 4.9, price to earnings 30.5).
Pillar percentiles |
PGHVCT | 2 | 65.25 8 Oct 2026 | −3.1% | 18 Aug 2026 | |
| 3 | TERRENO REALTY REIT CORP (TRNO) | Valuation 82nd (price to earnings 17.3, price to book 1.6).Valuation 82nd (price to earnings 17.3, price to book 1.6) and growth 78th (3-year revenue CAGR 19.9%, revenue growth year over year 18.1%); weakest is profitability (43rd, return on equity 9.7%).
Pillar percentiles |
PGHVCT | 3 | 64.48 8 Oct 2026 | −5.9% | 18 Aug 2026 | |
| 4 | Simon Property Group (SPG) | Profitability 98th (operating margin 49.9%, return on equity 82.9%).Profitability 98th (operating margin 49.9%, return on equity 82.9%) and valuation 54th (price to earnings 13.9, price to book 11.7); weakest is trend (50th, a strong downtrend, with sellers in control).
Pillar percentiles |
PGHVCT | 4 | 199.61 8 Oct 2026 | −9.5% | 18 Aug 2026 | |
| 5 | CARETRUST REIT INC (CTRE) | Growth 95th (revenue growth year over year 53%, 3-year revenue CAGR 34.4%).Growth 95th (revenue growth year over year 53%, 3-year revenue CAGR 34.4%) and financial health 70th (debt to equity 0.3); weakest is profitability (36th, return on equity 7.9%).
Pillar percentiles |
PGHVCT | 5 | 35.79 8 Oct 2026 | −8.9% | 18 Aug 2026 | |
| 6 | Host Hotels & Resorts (HST)NEW | Valuation 76th (price to earnings 15.1, price to book 2.4).Valuation 76th (price to earnings 15.1, price to book 2.4) and trend 76th (a "golden cross" — its 50-day average is above its 200-day); weakest is growth (42nd, revenue growth year over year 4.9%, 3-year revenue CAGR 7.6%).
Pillar percentiles |
PGHVCT | 6 | 22.54 8 Oct 2026 | +0.1% | 1 Oct 2026 | |
| 7 | APPLE HOSPITALITY REIT INC (APLE)NEW | Trend 80th (it is 6.1% below its highest point of the past year).Trend 80th (it is 6.1% below its highest point of the past year) and valuation 77th (price to book 1.2, price to earnings 21.9); weakest is growth (29th, revenue growth year over year 1.2%, 3-year revenue CAGR 4.5%).
Pillar percentiles |
PGHVCT | 7 | 16.22 8 Oct 2026 | −0.9% | 1 Oct 2026 | |
| 8 | Regency Centers (REG)NEW | Capital return 90th (consecutive years of dividend increases 16 years).Capital return 90th (consecutive years of dividend increases 16 years) and profitability 67th (operating margin 72.3%, return on equity 7.3%); weakest is trend (37th, a strong downtrend, with sellers in control).
Pillar percentiles |
PGHVCT | 8 | 71.48 8 Oct 2026 | −0.4% | 1 Oct 2026 | |
| 9 | Omega Healthcare Investors (OHI) | Valuation 74th (price to earnings 16.1, price to book 2.5).Valuation 74th (price to earnings 16.1, price to book 2.5) and growth 66th (revenue growth year over year 15%, 3-year revenue CAGR 10.7%); weakest is financial health (43rd, debt to equity 0.7).
Pillar percentiles |
PGHVCT | 9 | 44.14 8 Oct 2026 | −5.0% | 18 Aug 2026 | |
| 10 | EPR Properties (EPR)NEW | Valuation 80th (price to earnings 15.8, price to book 2).Valuation 80th (price to earnings 15.8, price to book 2) and profitability 75th (operating margin 57.7%, return on equity 11.8%); weakest is growth (31st, revenue growth year over year 4.5%, 3-year revenue CAGR 3%).
Pillar percentiles |
PGHVCT | 10 | 54.41 8 Oct 2026 | −1.9% | 1 Oct 2026 |
Changes at the 1 Oct 2026 rebalance
Entered
APPLE HOSPITALITY REIT INC (APLE) — Entered 1 Oct 2026: score 58.7, rank 7 (not compared with 1 Sep 2026 — those rows were scored under method version 3, this pass under 4, and the formula changed between them, so a score is only comparable within one version).
EPR Properties (EPR) — Entered 1 Oct 2026: score 57.1, rank 9 (not compared with 1 Sep 2026 — those rows were scored under method version 3, this pass under 4, and the formula changed between them, so a score is only comparable within one version).
Host Hotels & Resorts (HST) — Entered 1 Oct 2026: score 58.8, rank 6 (not compared with 1 Sep 2026 — those rows were scored under method version 3, this pass under 4, and the formula changed between them, so a score is only comparable within one version).
Regency Centers (REG) — Entered 1 Oct 2026: score 56.9, rank 10 (not compared with 1 Sep 2026 — those rows were scored under method version 3, this pass under 4, and the formula changed between them, so a score is only comparable within one version).
Left
Agree Realty (ADC) — Left 1 Oct 2026: score 49.4, rank 32 (not compared with 1 Sep 2026 — those rows were scored under method version 3, this pass under 4, and the formula changed between them, so a score is only comparable within one version) (a member leaves above rank 15).
First Industrial Realty Trust (FR) — Left 1 Oct 2026: score 52.1, rank 23 (not compared with 1 Sep 2026 — those rows were scored under method version 3, this pass under 4, and the formula changed between them, so a score is only comparable within one version) (a member leaves above rank 15).
Vici Properties (VICI) — Left 1 Oct 2026: score 49.3, rank 34 (not compared with 1 Sep 2026 — those rows were scored under method version 3, this pass under 4, and the formula changed between them, so a score is only comparable within one version) (a member leaves above rank 15).
4 of 10 changed at this rebalance. Average 4.7 of 10 per rebalance.
How the score is built
The Top 10 score is a published weighted sum of percentile ranks, rebalanced on the first trading day of each month. A list is a published formula and its output, not a recommendation. Method version 4. Full method → What is the top 10 score? →
Questions
How is the score built?
The Top 10 score is a published weighted sum of percentile ranks, rebalanced on the first trading day of each month. A list is a published formula and its output, not a recommendation. Method version 4. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100.
How often does this list change?
Members are rebalanced on the first trading day of each month. Scores are recomputed nightly, but membership only changes at a scheduled rebalance, or immediately if a company stops being eligible. A member is held while it stays inside the top 15, so a small move in rank does not force a change.
What score does a company need to be in this list?
The cutoff today is 56.3 across 87 ranked Real Estate companies. #11 (SBAC) is 0.3 below it. A member leaves only if it falls past #15 — 54.0 today.
Why did ADC leave the list?
Left 1 Oct 2026: score 49.4, rank 32 (not compared with 1 Sep 2026 — those rows were scored under method version 3, this pass under 4, and the formula changed between them, so a score is only comparable within one version) (a member leaves above rank 15).
Informational only — NOT financial advice.