Top 10 — Real Estate — history
Every change to this list, with the reason recorded at the time. 3 rebalances so far.
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. These rows span method versions 1 and 3 and 4 — the formula changed between them, so a score is only comparable within one version.
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Timeline
1 Oct 2026
4 in, 3 out, 6 held
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).
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).
11 Sep 2026
1 left between rebalances
GETTY REALTY REIT CORP (GTY) — Left 11 Sep 2026: no longer eligible — it is no longer in the scored universe.
18 Aug 2026
10 in, 0 out, 0 held
Agree Realty (ADC) — Entered 18 Aug 2026: first selection for this list at rank 10, score 58.2.
CARETRUST REIT INC (CTRE) — Entered 18 Aug 2026: first selection for this list at rank 2, score 68.8.
First Industrial Realty Trust (FR) — Entered 18 Aug 2026: first selection for this list at rank 9, score 58.8.
GETTY REALTY REIT CORP (GTY) — Entered 18 Aug 2026: first selection for this list at rank 8, score 60.9.
ST JOE (JOE) — Entered 18 Aug 2026: first selection for this list at rank 4, score 65.4.
LTC PROPERTIES REIT INC (LTC) — Entered 18 Aug 2026: first selection for this list at rank 6, score 64.1.
Omega Healthcare Investors (OHI) — Entered 18 Aug 2026: first selection for this list at rank 3, score 67.4.
Simon Property Group (SPG) — Entered 18 Aug 2026: first selection for this list at rank 5, score 64.7.
TERRENO REALTY REIT CORP (TRNO) — Entered 18 Aug 2026: first selection for this list at rank 1, score 73.1.
Vici Properties (VICI) — Entered 18 Aug 2026: first selection for this list at rank 7, score 63.8.
Members over time
still in the listleft the list
The ledger
Every row this list has ever written, newest first. Append-only: a sentence recorded here is never rewritten.
| Date | Company | Event | Rank before | Rank after | Score before | Score after | Reason |
|---|---|---|---|---|---|---|---|
| 1 Oct 2026 | Agree Realty (ADC) | exit_rank_dropped | — | 32 | 0.0 | 49.4 | 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). |
| 1 Oct 2026 | APPLE HOSPITALITY REIT INC (APLE) | enter_refill | — | 7 | 0.0 | 58.7 | 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). |
| 1 Oct 2026 | CARETRUST REIT INC (CTRE) | hold | — | 4 | 0.0 | 61.6 | Held 1 Oct 2026: score 61.6, rank 4 (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). |
| 1 Oct 2026 | EPR Properties (EPR) | enter_refill | — | 9 | 0.0 | 57.1 | 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). |
| 1 Oct 2026 | First Industrial Realty Trust (FR) | exit_rank_dropped | — | 23 | 0.0 | 52.1 | 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). |
| 1 Oct 2026 | Host Hotels & Resorts (HST) | enter_refill | — | 6 | 0.0 | 58.8 | 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). |
| 1 Oct 2026 | ST JOE (JOE) | hold | — | 2 | 0.0 | 67.4 | Held 1 Oct 2026: score 67.4, rank 2 (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). |
| 1 Oct 2026 | LTC PROPERTIES REIT INC (LTC) | hold | — | 1 | 0.0 | 70.6 | Held 1 Oct 2026: score 70.6, rank 1 (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). |
| 1 Oct 2026 | Omega Healthcare Investors (OHI) | hold | — | 8 | 0.0 | 57.8 | Held 1 Oct 2026: score 57.8, rank 8 (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). |
| 1 Oct 2026 | Regency Centers (REG) | enter_refill | — | 10 | 0.0 | 56.9 | 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). |
| 1 Oct 2026 | Simon Property Group (SPG) | hold | — | 5 | 0.0 | 61.1 | Held 1 Oct 2026: score 61.1, rank 5 (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). |
| 1 Oct 2026 | TERRENO REALTY REIT CORP (TRNO) | hold | — | 3 | 0.0 | 63.4 | Held 1 Oct 2026: score 63.4, rank 3 (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). |
| 1 Oct 2026 | Vici Properties (VICI) | exit_rank_dropped | — | 34 | 0.0 | 49.3 | 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). |
| 11 Sep 2026 | GETTY REALTY REIT CORP (GTY) | exit_ineligible | 9 | — | 59.1 | 0.0 | Left 11 Sep 2026: no longer eligible — it is no longer in the scored universe. |
| 1 Sep 2026 | Agree Realty (ADC) | hold | — | 15 | 0.0 | 57.1 | Held 1 Sep 2026: score 57.1, rank 15 (not compared with 18 Aug 2026 — those rows were scored under method version 1, this pass under 3, and the formula changed between them, so a score is only comparable within one version). |
| 1 Sep 2026 | CARETRUST REIT INC (CTRE) | hold | — | 2 | 0.0 | 69.0 | Held 1 Sep 2026: score 69.0, rank 2 (not compared with 18 Aug 2026 — those rows were scored under method version 1, this pass under 3, and the formula changed between them, so a score is only comparable within one version). |
| 1 Sep 2026 | First Industrial Realty Trust (FR) | hold | — | 9 | 0.0 | 59.9 | Held 1 Sep 2026: score 59.9, rank 9 (not compared with 18 Aug 2026 — those rows were scored under method version 1, this pass under 3, and the formula changed between them, so a score is only comparable within one version). |
| 1 Sep 2026 | GETTY REALTY REIT CORP (GTY) | hold | — | 11 | 0.0 | 58.8 | Held 1 Sep 2026: score 58.8, rank 11 (not compared with 18 Aug 2026 — those rows were scored under method version 1, this pass under 3, and the formula changed between them, so a score is only comparable within one version). |
| 1 Sep 2026 | ST JOE (JOE) | hold | — | 5 | 0.0 | 65.0 | Held 1 Sep 2026: score 65.0, rank 5 (not compared with 18 Aug 2026 — those rows were scored under method version 1, this pass under 3, and the formula changed between them, so a score is only comparable within one version). |
| 1 Sep 2026 | LTC PROPERTIES REIT INC (LTC) | hold | — | 4 | 0.0 | 65.1 | Held 1 Sep 2026: score 65.1, rank 4 (not compared with 18 Aug 2026 — those rows were scored under method version 1, this pass under 3, and the formula changed between them, so a score is only comparable within one version). |
| 1 Sep 2026 | Omega Healthcare Investors (OHI) | hold | — | 3 | 0.0 | 65.2 | Held 1 Sep 2026: score 65.2, rank 3 (not compared with 18 Aug 2026 — those rows were scored under method version 1, this pass under 3, and the formula changed between them, so a score is only comparable within one version). |
| 1 Sep 2026 | Simon Property Group (SPG) | hold | — | 6 | 0.0 | 63.4 | Held 1 Sep 2026: score 63.4, rank 6 (not compared with 18 Aug 2026 — those rows were scored under method version 1, this pass under 3, and the formula changed between them, so a score is only comparable within one version). |
| 1 Sep 2026 | TERRENO REALTY REIT CORP (TRNO) | hold | — | 1 | 0.0 | 69.4 | Held 1 Sep 2026: score 69.4, rank 1 (not compared with 18 Aug 2026 — those rows were scored under method version 1, this pass under 3, and the formula changed between them, so a score is only comparable within one version). |
| 1 Sep 2026 | Vici Properties (VICI) | hold | — | 8 | 0.0 | 61.4 | Held 1 Sep 2026: score 61.4, rank 8 (not compared with 18 Aug 2026 — those rows were scored under method version 1, this pass under 3, and the formula changed between them, so a score is only comparable within one version). |
| 18 Aug 2026 | Agree Realty (ADC) | enter_initial | — | 10 | 0.0 | 58.2 | Entered 18 Aug 2026: first selection for this list at rank 10, score 58.2. |
| 18 Aug 2026 | CARETRUST REIT INC (CTRE) | enter_initial | — | 2 | 0.0 | 68.8 | Entered 18 Aug 2026: first selection for this list at rank 2, score 68.8. |
| 18 Aug 2026 | First Industrial Realty Trust (FR) | enter_initial | — | 9 | 0.0 | 58.8 | Entered 18 Aug 2026: first selection for this list at rank 9, score 58.8. |
| 18 Aug 2026 | GETTY REALTY REIT CORP (GTY) | enter_initial | — | 8 | 0.0 | 60.9 | Entered 18 Aug 2026: first selection for this list at rank 8, score 60.9. |
| 18 Aug 2026 | ST JOE (JOE) | enter_initial | — | 4 | 0.0 | 65.4 | Entered 18 Aug 2026: first selection for this list at rank 4, score 65.4. |
| 18 Aug 2026 | LTC PROPERTIES REIT INC (LTC) | enter_initial | — | 6 | 0.0 | 64.1 | Entered 18 Aug 2026: first selection for this list at rank 6, score 64.1. |
| 18 Aug 2026 | Omega Healthcare Investors (OHI) | enter_initial | — | 3 | 0.0 | 67.4 | Entered 18 Aug 2026: first selection for this list at rank 3, score 67.4. |
| 18 Aug 2026 | Simon Property Group (SPG) | enter_initial | — | 5 | 0.0 | 64.7 | Entered 18 Aug 2026: first selection for this list at rank 5, score 64.7. |
| 18 Aug 2026 | TERRENO REALTY REIT CORP (TRNO) | enter_initial | — | 1 | 0.0 | 73.1 | Entered 18 Aug 2026: first selection for this list at rank 1, score 73.1. |
| 18 Aug 2026 | Vici Properties (VICI) | enter_initial | — | 7 | 0.0 | 63.8 | Entered 18 Aug 2026: first selection for this list at rank 7, score 63.8. |
Informational only — NOT financial advice.