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Leading lodging and resort real estate investment trusts (REITs) in the United States from 2019 to 2025, by market capitalization (in billion U.S. dollars)

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Source

Release date

December 2025

Region

United States

Survey time period

November 2019, November 2020, December 2021, September 2022, October 2023, December 2024, October 2025

Special properties

REITs in the FTSE Nareit All REITs Index and S&P Equity Indexes

Citation formats

Market cap of leading lodging and resort REITs in the U.S. 2019-2025

Published by ÌÇÐÄÆƽâ°æ Research Department, Feb 4, 2026

As of October 2025, the 10 leading lodging and resort real estate investment trusts (REITs) in the United States had a combined market capitalization of about **** billion U.S. dollars. All ** REITs in the list saw their market caps decline in 2025. The largest diversified REIT, Host Hotels & Resorts, Inc., saw its market cap increase from **** billion U.S. dollars to **** billion U.S. dollars between December 2024 and October 2025. The REITs sector declined in 2022 after the market cap reaching a record high. Consequently, the year-to-date total returns for all property segments were negative as of December 2022.

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