Market cap of leading lodging and resort REITs in the U.S. 2019-2023
As of October 2023, the ten leading lodging and resort real estate investment trusts (REITs) in the United States had a combined market capitalization of about 31 billion U.S. dollars. Seven of the 10 REITs in the list saw their market caps fall in 2023. The largest diversified REIT, Host Hotels & Resorts, Inc., saw its market cap decline for the second year in a row, from 11.35 billion U.S. dollars in September 2022 to 11.04 billion U.S. dollars in October 2023.
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.