Top 15 Diversified REIT Stocks Ranked by Marvin Scores
Marvin's rules ranked 15 diversified REIT stocks by Overall score. Essential Properties Realty Trust, CTO Realty Growth and W. P. Carey lead. Scores compare each company with others in its industry.
A diversified REIT is a real estate investment trust that holds a mix of property types or real estate assets, rather than focusing on just one kind. This list shows 15 companies in that industry, ordered by Marvin's Overall score from highest to lowest.
The figures in each pick are a snapshot of the last fiscal year. Growth shows how fast revenue changed, margins show how much of each sales dollar is left as profit, and the debt-to-equity ratio shows how much a company relies on borrowing. Real estate companies often carry debt, so a high debt figure is worth noticing.
Some figures are missing for some companies, and the blurbs say so. A high score is not a recommendation. It only describes how a company compares with its industry peers today.
The list
How Marvin ranked these stocks
Marvin included companies above about $300 million in size and ranked them by Marvin scores on a 0-100 scale, highest Overall score first, within the REIT - Diversified industry. The scores are relative to each company's own industry, so a high score means a company looks strong compared with other diversified REITs. It does not mean it looks strong compared with every company in the market.
Companies above about $300 million in size, ranked by Marvin scores (0-100, relative to each company's own industry). The REIT - Diversified industry, highest Overall score first.
The stocks, one by one
Essential Properties Realty Trust, Inc. EPRT
Essential Properties Realty Trust has the top Overall score of 95 and a quality score of 96. Revenue grew 24.8% last fiscal year and operating margin is 62.8%, pointing to fast growth and healthy profitability. Caution: return on equity is a modest 6.1%.
CTO Realty Growth, Inc. CTO
CTO Realty Growth has an Overall score of 91 and the list's strongest opportunity score at 96. Revenue grew 20.1% and gross margin is 74.7%. Caution: return on equity is only 2.4% and debt-to-equity is 1.13, which is noticeable borrowing.
W. P. Carey Inc. WPC
W. P. Carey scores 87 overall, helped by a quality score of 91. Revenue grew 8.4% and return on equity is 7.5%, with debt-to-equity at 1.02. Caution: operating margin is not available, and the opportunity score of 74 is lower than its quality score.
VICI Properties Inc. VICI
VICI Properties has a quality score of 87 and a very high gross margin of 99.3%. Return on equity is 9.5% and debt-to-equity is a fairly low 0.61. Caution: revenue growth was a slow 4.1%, and the opportunity score is only 57.
Broadstone Net Lease, Inc. BNL
Broadstone Net Lease has an Overall score of 78 and a quality score of 78. Revenue grew 5.2%, a steady pace, and debt-to-equity is 0.94. Caution: return on equity is a modest 5.1%, and the opportunity score of 53 is only middling.
One Liberty Properties, Inc. OLP
One Liberty Properties has an Overall score of 74, with a quality score of 65 and an opportunity score of 78. Return on equity is 11.4%, a decent return for shareholders. Caution: revenue growth and debt figures are not available, so the picture is incomplete.
Gladstone Commercial Corporation GOOD
Gladstone Commercial has an Overall score of 69. Return on equity is a high 15.7% and revenue grew 8.0%. Caution: debt-to-equity is 5.46, the highest on the list among companies reporting it, and heavy borrowing can magnify any returns.
Rithm Capital Corp. RITM
Rithm Capital has an opportunity score of 83 but a quality score of just 52, for an Overall score of 65. Return on equity is 5.5%. Caution: revenue growth was -6.7%, a decline, and debt-to-equity is a high 4.25.
Safehold Inc. SAFE
Safehold has an Overall score of 61, with an operating margin of 25.1% and a gross margin of 98.9%. Revenue grew 5.4%. Caution: return on equity is a low 4.8%, and debt-to-equity of 1.91 is on the higher side.
FrontView REIT, Inc. FVR
FrontView REIT has a quality score of 73 but an opportunity score of only 35, giving an Overall score of 56. Debt-to-equity is 0.75. Caution: return on equity is just 0.3%, close to zero, and revenue growth is not available.
Janus Living, Inc. JAN
Janus Living has an Overall score of 48, with a quality score of 56 and an opportunity score of 39, all in the middle of the pack. Caution: no growth, margin, return or debt figures are available, so there is little detail behind these scores.
American Assets Trust, Inc. AAT
American Assets Trust has an Overall score of 39 and an operating margin of 22.8%. Its opportunity score is a low 14. Caution: revenue growth was -4.7%, meaning sales shrank, and return on equity is only 2.1%.
AH Realty Trust, Inc. AHRT
AH Realty Trust has an Overall score of 30 and a quality score of 25. Revenue grew 4.1% and operating margin is 27.9%. Caution: return on equity is -6.9%, a negative figure, and debt-to-equity is 2.03.
Global Net Lease, Inc. GNL
Global Net Lease has an Overall score of 26 and a quality score of 21. Operating margin is 39.6%. Caution: revenue growth was -13.1%, a clear decline, and return on equity is -0.9%, meaning shareholders saw a negative return. Debt data is missing.
Empire State Realty Trust, Inc. ESRT
Empire State Realty Trust has the lowest Overall score here at 21, with an opportunity score of 4. Revenue growth was essentially flat at 0.0%. Caution: operating margin is -4.4%, a negative figure, and return on equity is only 0.9%.
Common questions
What is a diversified REIT?
A diversified REIT is a company that owns real estate and collects income from it, with a mix of property types instead of one focus. Because the group is varied, comparing figures such as margins and debt matters more than the label.
Does a high Marvin score mean a stock is a good buy?
No. Marvin's scores only show how a company compares with other companies in its industry today. They are not a prediction of future results and not a recommendation to buy, sell or hold.
Why are some figures missing for certain stocks?
Not every company reports every figure in a form Marvin can measure. For example, operating margin is not available for several REITs here. When a figure is missing, the score rests on fewer details, so it is worth reading the company's own reports.
Keep reading
- Top 20 REIT Stocks by Marvin Score
- Top 15 Real Estate Stocks Marvin Rates Most Attractive Now
- Top 15 Real Estate Companies With the Strongest Businesses
- Top 15 Real Estate Stocks Ranked by Marvin Scores
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Marvin's scores (0-100) compare each company with others in its industry today. Growth and margin figures come from SEC filings. This is general information, not personal investment advice or a recommendation to buy or sell anything. Do your own research.