Constituent Companies of the FTSE Nareit All REITs Index

December 31, 2019

Number Ticker Investment Property Equity Market
of REITs Company Symbols Sector Subsector Capitalization ($M)
179 Equity REITs 1,245,878.3
20 Office 106,927.4
15 Industrial 119,449.5
38 Retail 171,404.1
20 Shopping Centers 60,365.5
7 Regional Malls 54,211.1
11 Free Standing 56,827.4
21 Residential 188,672.0
15 Apartments 136,687.0
3 Manufactured Homes 27,369.9
3 Single Family Homes 24,615.0
18 Diversified 62,984.2
18 Lodging/Resorts 46,070.8
6 Self Storage 63,979.4
17 Health Care 123,106.1
4 Timber 30,226.9
6 Infrastructure 190,183.5
5 Data Centers 89,500.9
11 Specialty 53,373.6
40 Mortgage REITs 82,927.8
24 HomeFinancing 55,158.5
16 CommercialFinancing 27,769.3
219 Industry Totals 1,328,806.2
Property Sector: Office
1 Boston Properties, Inc. BXP Equity 21,301.5
2 Alexandria Real Estate Equities, Inc. ARE Equity 18,606.1
3 Kilroy Realty Corporation KRC Equity 8,894.4
4 Douglas Emmett, Inc DEI Equity 7,693.5
5 SL Green Realty Corp. SLG Equity 7,360.5
6 Cousins Properties Incorporated CUZ Equity 6,036.2
7 Hudson Pacific Properties, Inc. HPP Equity 5,812.2
8 Highwoods Properties, Inc. HIW Equity 5,071.6
9 Equity Commonwealth EQC Equity 4,001.9
10 Corporate Office Properties Trust OFC Equity 3,288.1
11 Paramount Group, Inc. PGRE Equity 3,165.9
12 Piedmont Office Realty Trust, Inc. Class A PDM Equity 2,793.3
13 Brandywine Realty Trust BDN Equity 2,774.2
14 Empire State Realty Trust, Inc. Class A ESRT Equity 2,511.6
15 Columbia Property Trust, Inc. CXP Equity 2,444.0
16 Easterly Government Properties, Inc. DEA Equity 1,759.8
17 Office Properties Income Trust OPI Equity 1,545.6
18 Franklin Street Properties Corp. FSP Equity 917.9
19 City Office REIT, Inc. CIO Equity 737.5
20 CIM Commercial Trust Corporation CMCT Equity 211.7
20 Sector Totals 106,927.4
Property Sector: Industrial
1 Prologis, Inc. PLD Equity 56,228.9
2 Duke Realty Corporation DRE Equity 12,743.7
3 Liberty Property Trust LPT Equity 9,384.4
4 Americold Realty Trust COLD Equity 6,715.0
5 First Industrial Realty Trust, Inc. FR Equity 5,250.7
6 EastGroup Properties, Inc. EGP Equity 5,095.8
7 Rexford Industrial Realty, Inc. REXR Equity 5,065.6
8 PS Business Parks, Inc. PSB Equity 4,520.4
9 STAG Industrial, Inc. STAG Equity 4,197.5
10 Terreno Realty Corporation TRNO Equity 3,628.0
11 Lexington Realty Trust LXP Equity 2,632.4
12 Industrial Logistics Properties Trust ILPT Equity 1,458.9
13 Monmouth Real Estate Investment Corporation Class A MNR Equity 1,382.3
14 Innovative Industrial Properties Inc IIPR Equity 899.3
15 Plymouth Industrial REIT, Inc. PLYM Equity 246.5
15 Sector Totals 119,449.5
 Constituent Companies of the FTSE Nareit All REITs Index
December 31, 2019
Number Ticker Investment Property Equity Market
of REITs Company Symbols Sector Subsector Capitalization ($M)
Property Sector: Retail
1 Regency Centers Corporation REG Equity Shopping Centers 10,568.8
2 Federal Realty Investment Trust FRT Equity Shopping Centers 9,642.6
3 Kimco Realty Corporation KIM Equity Shopping Centers 8,740.5
4 Brixmor Property Group, Inc. BRX Equity Shopping Centers 6,439.5
5 Weingarten Realty Investors WRI Equity Shopping Centers 4,018.9
6 Retail Properties of America, Inc. Class A RPAI Equity Shopping Centers 2,862.0
7 SITE Centers Corp. SITC Equity Shopping Centers 2,717.1
8 Urban Edge Properties UE Equity Shopping Centers 2,309.4
9 Acadia Realty Trust AKR Equity Shopping Centers 2,254.6
10 Retail Opportunity Investments Corp. ROIC Equity Shopping Centers 2,048.5
11 Kite Realty Group Trust KRG Equity Shopping Centers 1,639.3
12 American Finance Trust, Inc. AFIN Equity Shopping Centers 1,408.4
13 Tanger Factory Outlet Centers, Inc. SKT Equity Shopping Centers 1,368.3
14 Saul Centers, Inc. BFS Equity Shopping Centers 1,219.2
15 RPT Realty RPT Equity Shopping Centers 1,208.5
16 Urstadt Biddle Properties Inc. Class A UBA Equity Shopping Centers 742.7
17 Retail Value, Inc. RVI Equity Shopping Centers 700.8
18 Cedar Realty Trust Inc CDR Equity Shopping Centers 262.6
19 Urstadt Biddle Properties Inc. UBP Equity Shopping Centers 197.9
20 Wheeler Real Estate Investment Trust, Inc. WHLR Equity Shopping Centers 15.9
20 Subsector Totals 60,365.5
1 Simon Property Group, Inc. SPG Equity Regional Malls 46,026.5
2 Macerich Company MAC Equity Regional Malls 3,802.1
3 Taubman Centers, Inc. TCO Equity Regional Malls 1,901.7
4 Brookfield Property REIT Inc Class A BPR Equity Regional Malls 1,207.4
5 Washington Prime Group Inc. WPG Equity Regional Malls 678.8
6 Pennsylvania Real Estate Investment Trust PEI Equity Regional Malls 412.5
7 CBL & Associates Properties, Inc. CBL Equity Regional Malls 182.1
7 Subsector Totals 54,211.1
1 Realty Income Corporation O Equity Free Standing 23,997.4
2 National Retail Properties, Inc. NNN Equity Free Standing 9,203.2
3 STORE Capital Corporation STOR Equity Free Standing 8,744.1
4 Spirit Realty Capital, Inc. SRC Equity Free Standing 4,904.7
5 Agree Realty Corporation ADC Equity Free Standing 2,976.1
6 Essential Properties Realty Trust, Inc. EPRT Equity Free Standing 2,010.4
7 Four Corners Property Trust, Inc. FCPT Equity Free Standing 1,928.3
8 Seritage Growth Properties Class A SRG Equity Free Standing 1,476.1
9 Getty Realty Corp. GTY Equity Free Standing 1,347.5
10 Alpine Income Property Trust Inc PINE Equity Free Standing 150.0
11 Postal Realty Trust, Inc. Class A PSTL Equity Free Standing 89.6
11 Subsector Totals 56,827.4
38 Sector Totals 171,404.1
Property Sector: Residential
1 Equity Residential EQR Equity Apartments 29,983.7
2 AvalonBay Communities, Inc. AVB Equity Apartments 29,232.9
3 Essex Property Trust, Inc. ESS Equity Apartments 19,771.5
4 Mid-America Apartment Communities, Inc. MAA Equity Apartments 15,031.5
5 UDR, Inc. UDR Equity Apartments 13,675.7
6 Camden Property Trust CPT Equity Apartments 10,257.7
7 Apartment Investment and Management Company Class A AIV Equity Apartments 7,687.0
8 American Campus Communities, Inc. ACC Equity Apartments 6,455.3
9 Independence Realty Trust, Inc. IRT Equity Apartments 1,279.8
10 NexPoint Residential Trust Inc NXRT Equity Apartments 1,126.5
11 Investors Real Estate Trust IRET Equity Apartments 842.8
12 Preferred Apartment Communities, Inc. APTS Equity Apartments 610.2
13 BRT Apartments Corp BRT Equity Apartments 272.9
14 Bluerock Residential Growth REIT Inc Class A BRG Equity Apartments 270.6
15 Clipper Realty, Inc. CLPR Equity Apartments 188.8
15 Subsector Totals 136,687.0
1 Sun Communities, Inc. SUI Equity Manufactured Homes 13,911.5
2 Equity LifeStyle Properties, Inc. ELS Equity Manufactured Homes 12,815.8
3 UMH Properties, Inc. UMH Equity Manufactured Homes 642.6
3 Subsector Totals 27,369.9
1 Invitation Homes, Inc. INVH Equity Single Family Homes 16,114.3
2 American Homes 4 Rent Class A AMH Equity Single Family Homes 7,838.9
3 Front Yard Residential Corp. Class B RESI Equity Single Family Homes 661.8
3 Subsector Totals 24,615.0
21 Sector Totals 188,672.0
 Constituent Companies of the FTSE Nareit All REITs Index
December 31, 2019
Number Ticker Investment Property Equity Market
of REITs Company Symbols Sector Subsector Capitalization ($M)
Property Sector: Diversified
1 W. P. Carey Inc. WPC Equity 13,789.0
2 Vornado Realty Trust VNO Equity 12,685.6
3 VEREIT, Inc. Class A VER Equity 9,865.4
4 JBG SMITH Properties JBGS Equity 5,349.0
5 Service Properties Trust SVC Equity 4,000.8
6 American Assets Trust, Inc. AAT Equity 2,741.2
7 Washington Real Estate Investment Trust WRE Equity 2,335.4
8 Colony Capital, Inc. Class A CLNY Equity 2,302.9
9 Mack-Cali Realty Corporation CLI Equity 2,089.5
10 Global Net Lease Inc GNL Equity 1,814.2
11 Alexander's, Inc. ALX Equity 1,687.2
12 Alexander & Baldwin, Inc. ALEX Equity 1,512.0
13 Armada Hoffler Properties, Inc. AHH Equity 1,017.0
14 Gladstone Commercial Corporation GOOD Equity 677.7
15 Whitestone REIT WSR Equity 548.0
16 One Liberty Properties, Inc. OLP Equity 540.6
17 Medalist Diversified REIT, Inc. MDRR Equity 15.5
18 HMG/Courtland Properties, Inc. HMG Equity 13.0
18 Sector Totals 62,984.2
Property Sector: Lodging/Resorts
1 Host Hotels & Resorts, Inc. HST Equity 13,303.7
2 Park Hotels & Resorts, Inc. PK Equity 6,202.0
3 Ryman Hospitality Properties, Inc. RHP Equity 4,457.5
4 Apple Hospitality REIT Inc APLE Equity 3,637.8
5 Pebblebrook Hotel Trust PEB Equity 3,502.2
6 Sunstone Hotel Investors, Inc. SHO Equity 3,130.1
7 RLJ Lodging Trust RLJ Equity 3,021.3
8 Xenia Hotels & Resorts, Inc. XHR Equity 2,434.2
9 DiamondRock Hospitality Company DRH Equity 2,232.0
10 Summit Hotel Properties, Inc. INN Equity 1,296.7
11 Chatham Lodging Trust CLDT Equity 854.1
12 CorePoint Lodging, Inc. CPLG Equity 616.4
13 Hersha Hospitality Trust Class A HT Equity 561.8
14 Braemar Hotels & Resorts, Inc. BHR Equity 293.6
15 Ashford Hospitality Trust, Inc. AHT Equity 285.0
16 Condor Hospitality Trust, Inc. CDOR Equity 131.6
17 Sotherly Hotels Inc. SOHO Equity 96.4
18 InnSuites Hospitality Trust IHT Equity 14.3
18 Sector Totals 46,070.8
Property Sector: Self Storage
1 Public Storage PSA Equity 37,166.2
2 Extra Space Storage Inc. EXR Equity 13,678.9
3 CubeSmart CUBE Equity 6,058.3
4 Life Storage, Inc. LSI Equity 5,049.4
5 National Storage Affiliates Trust NSA Equity 1,993.5
6 Global Self Storage, Inc. SELF Equity 33.1
6 Sector Totals 63,979.4
Property Sector: Health Care
1 Welltower, Inc. WELL Equity 33,116.1
2 Ventas, Inc. VTR Equity 21,513.0
3 Healthpeak Properties, Inc. PEAK Equity 16,928.6
4 Medical Properties Trust, Inc. MPW Equity 10,923.2
5 Omega Healthcare Investors, Inc. OHI Equity 9,253.6
6 Healthcare Trust of America, Inc. Class A HTA Equity 6,273.6
7 Healthcare Realty Trust Incorporated HR Equity 4,462.8
8 Sabra Health Care REIT, Inc. SBRA Equity 4,133.5
9 National Health Investors, Inc. NHI Equity 3,581.9
10 Physicians Realty Trust DOC Equity 3,567.2
11 Diversified Healthcare Trust DHC Equity 2,006.4
12 CareTrust REIT Inc CTRE Equity 1,971.9
13 LTC Properties, Inc. LTC Equity 1,779.1
14 Universal Health Realty Income Trust UHT Equity 1,613.4
15 Community Healthcare Trust, Inc. CHCT Equity 864.8
16 New Senior Investment Group Inc SNR Equity 635.9
17 Global Medical REIT Inc GMRE Equity 481.2
17 Sector Totals 123,106.1
Property Sector: Timber
1 Weyerhaeuser Company WY Equity 22,492.5
2 Rayonier Inc. RYN Equity 4,246.9
3 PotlatchDeltic Corporation PCH Equity 2,924.5
4 CatchMark Timber Trust, Inc. Class A CTT Equity 563.0
4 Sector Totals 30,226.9
 Constituent Companies of the FTSE Nareit All REITs Index
December 31, 2019
Number Ticker Investment Property Equity Market
of REITs Company Symbols Sector Subsector Capitalization ($M)
Property Sector: Infrastructure
1 American Tower Corporation AMT Equity 101,585.8
2 Crown Castle International Corp CCI Equity 59,097.6
3 SBA Communications Corp. Class A SBAC Equity 27,292.4
4 Uniti Group Inc UNIT Equity 1,585.7
5 CorEnergy Infrastructure Trust, Inc. CORR Equity 605.1
6 Power REIT PW Equity 16.8
6 Sector Totals 190,183.5
Property Sector: Data Centers
1 Equinix, Inc. EQIX Equity 49,777.3
2 Digital Realty Trust, Inc. DLR Equity 24,939.8
3 CyrusOne, Inc. CONE Equity 7,404.9
4 CoreSite Realty Corporation COR Equity 4,225.5
5 QTS Realty Trust, Inc. Class A QTS Equity 3,153.4
5 Sector Totals 89,500.9
Property Sector: Specialty
1 VICI Properties Inc VICI Equity 11,778.7
2 Gaming and Leisure Properties, Inc. GLPI Equity 9,241.1
3 Iron Mountain, Inc. IRM Equity 9,142.9
4 Lamar Advertising Company Class A LAMR Equity 7,637.8
5 EPR Properties EPR Equity 5,542.3
6 OUTFRONT Media Inc. OUT Equity 3,844.4
7 CoreCivic, Inc. CXW Equity 2,069.4
8 GEO Group Inc GEO Equity 2,013.2
9 Safehold Inc. SAFE Equity 1,629.9
10 Gladstone Land Corp. LAND Equity 269.9
11 Farmland Partners Inc FPI Equity 203.9
11 Sector Totals 53,373.6
Property Sector: Mortgage
1 Annaly Capital Management, Inc. NLY Mortgage Home Financing 13,471.6
2 AGNC Investment Corp. AGNC Mortgage Home Financing 9,563.4
3 New Residential Investment Corp. NRZ Mortgage Home Financing 6,692.6
4 Two Harbors Investment Corp. TWO Mortgage Home Financing 3,988.8
5 Chimera Investment Corporation CIM Mortgage Home Financing 3,847.7
6 MFA Financial, Inc. MFA Mortgage Home Financing 3,446.8
7 Invesco Mortgage Capital Inc. IVR Mortgage Home Financing 2,377.7
8 PennyMac Mortgage Investment Trust PMT Mortgage Home Financing 2,028.0
9 Redwood Trust, Inc. RWT Mortgage Home Financing 1,863.9
10 New York Mortgage Trust, Inc. NYMT Mortgage Home Financing 1,636.1
11 ARMOUR Residential REIT, Inc. ARR Mortgage Home Financing 1,057.8
12 Capstead Mortgage Corporation CMO Mortgage Home Financing 749.3
13 Ready Capital Corporation RC Mortgage Home Financing 695.4
14 Ellington Financial Inc. EFC Mortgage Home Financing 619.0
15 Western Asset Mortgage Capital Corporation WMC Mortgage Home Financing 549.8
16 AG Mortgage Investment Trust, Inc. MITT Mortgage Home Financing 504.4
17 Dynex Capital, Inc. DX Mortgage Home Financing 388.7
18 Orchid Island Capital, Inc. ORC Mortgage Home Financing 368.9
19 Anworth Mortgage Asset Corporation ANH Mortgage Home Financing 347.2
20 Great Ajax Corp. AJX Mortgage Home Financing 301.3
21 Cherry Hill Mortgage Investment Corp. CHMI Mortgage Home Financing 244.7
22 Arlington Asset Investment Corp. Class A AI Mortgage Home Financing 203.7
23 Ellington Residential Mortgage REIT EARN Mortgage Home Financing 135.3
24 Hunt Companies Finance Trust, Inc. HCFT Mortgage Home Financing 76.5
24 Subsector Totals 55,158.5
1 Starwood Property Trust, Inc. STWD Mortgage Commercial Financing 6,968.2
2 Blackstone Mortgage Trust, Inc. Class A BXMT Mortgage Commercial Financing 4,956.5
3 Apollo Commercial Real Estate Finance, Inc. ARI Mortgage Commercial Financing 2,808.1
4 Hannon Armstrong Sustainable Infrastructure Capital, Inc. HASI Mortgage Commercial Financing 2,113.9
5 Ladder Capital Corp. Class A LADR Mortgage Commercial Financing 1,922.3
6 Colony Credit Real Estate, Inc. Class A CLNC Mortgage Commercial Financing 1,691.2
7 TPG RE Finance Trust, Inc. TRTX Mortgage Commercial Financing 1,478.0
8 Arbor Realty Trust, Inc. ABR Mortgage Commercial Financing 1,353.8
9 KKR Real Estate Finance Trust Inc. KREF Mortgage Commercial Financing 1,172.4
10 Granite Point Mortgage Trust Inc. GPMT Mortgage Commercial Financing 1,008.2
11 iStar Inc. STAR Mortgage Commercial Financing 902.0
12 Ares Commercial Real Estate Corporation ACRE Mortgage Commercial Financing 457.3
13 Jernigan Capital, Inc. JCAP Mortgage Commercial Financing 425.6
14 Exantas Capital Corp. XAN Mortgage Commercial Financing 376.3
15 Sachem Capital Corp. SACH Mortgage Commercial Financing 94.9
16 Tremont Mortgage Trust TRMT Mortgage Commercial Financing 40.6
16 Subsector Totals 27,769.3
40 Investment Sector Totals 82,927.8
219 Industry Total 1,328,806.2

Summary of Changes:
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Deletions (None)