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Best REIT Office stocks by quality

Of the 60 stocks listed here, none currently reaches the maximum quality score. The median valuation of the group comes out at 13.0 times its free cash flow.

The REIT Office stocks with the highest scores from our fundamental analysis, ranked from best to worst quality, with their valuation (P/FCF). Click a stock for its full analysis.

#StockQuality scoreP/FCF
1Meridia Real Estate III, SOCIMI, S.A. (YMRE.MC)8/103.0x
2Inversiones Doalca SOCIMI, S.A. (YDOA.MC)8/1018.8x
3Shinhan Alpha REIT Co., Ltd. (293940.KS)8/1031.0x
4TSKB Gayrimenkul Yatirim Ortakligi A.S (TSGYO.IS)7/1057.8x
5Postal Realty Trust Inc (PSTL)7/1026.0x
6Árima Real Estate SOCIMI, S.A. (ARM.MC)7/10n.d.
7Daiwa Office Investment Corporation (8976.T)7/1012.7x
8Ichigo Office REIT Investment Corporation (8975.T)7/109.0x
9Global One Real Estate Investment Corp. (8958.T)7/109.4x
10Samsung FN REIT Co., Ltd. (448730.KS)7/1043.6x
11IGIS Value Plus REIT Co., Ltd. (334890.KS)7/1012.5x
12Hulic Reit, Inc. (3295.T)7/108.5x
13One REIT, Inc. (3290.T)7/1014.9x
14MORI TRUST REIT, Inc. (8961.T)6/9n.d.
15Hanwha REIT Co., Ltd. (451800.KS)6/941.2x
16Vornado Realty Trust (VNO)6/1011.6x
17Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust (TPRIME.BK)6/1014.2x
18Net Lease Office Properties (NLOP)6/103.0x
19MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi (MHRGY.IS)6/1077.5x
20Gecina (GFC.PA)6/10n.d.
21COPT Defense Properties (CDP)6/1084.1x
22BriQ Properties Real Estate Investment Company (BRIQ.AT)6/1017.2x
23Japan Excellent, Inc. (8987.T)6/10n.d.
24Japan Real Estate Investment Corporation (8952.T)6/1026.1x
25SK Reits Co., Ltd. (395400.KS)6/1067.6x
26NIPPON REIT Investment Corporation (3296.T)6/1017.7x
27SANKEI REAL ESTATE Inc. (2972.T)6/1010.4x
28IRG10, SOCIMI, S.A. (YIRG.MC)5/1058.4x
29WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (WHABT.BK)5/1013.0x
30Quality Houses Business Complex Leasehold Real Estate Investment Trust (QHBREIT.BK)5/109.7x
31Mapletree Pan Asia Commercial Trust (N2IU.SI)5/1010.3x
32Kilroy Realty Corp (KRC)5/1016.3x
33Keppel REIT (K71U.SI)5/1014.9x
34Golden Ventures Leasehold Real Estate Investment Trust (GVREIT.BK)5/108.4x
35DEXUS (DXS.AX)5/107.8x
36Derwent London Plc (DLN.L)5/1031.7x
37Cousins Properties Inc (CUZ)5/1012.3x
38Cromwell Property Group (CMW.AX)5/1014.5x
39Creative Media & Community Trust Corporation (CMCT)5/10n.d.
40Bhiraj Office Leasehold Real Estate Investment Trust (BOFFICE.BK)5/107.0x
41Alexandria Real Estate Equities, Inc (ARE)5/10n.d.
42ORIX JREIT Inc. (8954.T)5/10n.d.
43Nippon Building Fund Inc. (8951.T)5/10n.d.
44Vitura SA (VTR.PA)4/1021.1x
45OUE Real Estate Investment Trust (TS0U.SI)4/1013.1x
46Texton Property Fund Limited (TEX.JO)4/10n.d.
47Piedmont Realty Trust Inc (PDM)4/107.1x
48Prime US REIT (OXMU.SI)4/107.1x
49Office Properties Income Trust (OPI)4/10n.d.
50Elite UK REIT (MXNU.SI)4/105.2x
51MERLIN Properties SOCIMI, S.A. (MRL.MC)4/1020.5x
52Hudson Pacific Properties Inc (HPP)4/10n.d.
53Highwoods Properties Inc (HIW)4/109.1x
54Great Portland Estates Plc (GPE.L)4/10n.d.
55Franklin Street Properties Corp (FSP)4/10n.d.
56Douglas Emmett Inc (DEI)4/105.4x
57Easterly Government Properties Inc (DEA)4/104.1x
58Colonial SFL, Socimi S. A. (COL.MC)4/1012.2x
59CLS Holdings plc (CLI.L)4/10n.d.
60BXP Inc (BXP)4/1040.6x

Our quality score judges how solid a business is across 10 objective financial criteria (profitability, free cash flow growth, share buybacks, debt, return on capital). The P/FCF (price to free cash flow) shows whether the stock is cheap or expensive. Full method: our methodology.

To place these multiples against sector averages, the reference public sector data is Aswath Damodaran's (NYU Stern).

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