Price to FFO ratio of the 50 largest REITs in the U.S. 2022-2023
The infrastructure real estate investment trust (REIT) Prologis was the largest U.S. REIT as of November 2023, with a market cap of almost 93 billion U.S. dollars. In 2023, the price to funds from operation (P/FFO) value of Prologis is estimated to amount to 18 percent. The REITs sector grew substantially in 2021, with the market cap reaching record high. Nevertheless, the year-to-date total returns for all property segments were negative as of September 2022.