Highest free cash flow yield Real Estate stocks
Free cash flow as a share of market value: how much cash the business produced for each dollar of stock. Real Estate companies worth over $1 billion, highest first.
Top of the list: Millrose Properties (MRP) 97.8%; Opendoor Technologies (OPEN) 50.4%; Ellington Financial (EFC) 34.4%.
The median fcf yield across these 50 companies is 7.6%.
| # | Company | FCF yield | P/FCF | P/E | Market cap | Revenue growth |
|---|---|---|---|---|---|---|
| 1 | Millrose Properties, Inc.MRP | 97.8% | 1.02x | 8.09x | $3.7B | +32.1% |
| 2 | Opendoor Technologies IncOPEN | 50.4% | 1.98x | — | $2.1B | -43.6% |
| 3 | Ellington Financial Inc.EFC | 34.4% | 2.90x | 7.28x | $1.5B | +33.1% |
| 4 | Eerly Govt Ppty IncDEA | 23.2% | 4.32x | 105.7x | $1.1B | +9.7% |
| 5 | IRSA Inversiones Y RepresentacionesIRS | 20.4% | 4.90x | 4.04x | $1.1B | +2.3% |
| 6 | Vornado Realty TrustVNO | 18.4% | 5.43x | 9.14x | $6.8B | +4.7% |
| 7 | Blackstone Mortgage Trust IncBXMT | 15.2% | 6.58x | 17.9x | $1.8B | — |
| 8 | Starwood Property Trust IncSTWD | 14.9% | 6.71x | 13.2x | $4.8B | +15.6% |
| 9 | IHS Holding LtdIHS | 14.7% | 6.81x | 4.61x | $2.8B | +0.1% |
| 10 | Innovative Industrial Properties IncIIPR | 11.5% | 8.66x | 13.4x | $1.5B | +0.7% |
| 11 | Cushman & Wakefield plcCWK | 11.3% | 8.88x | 34.7x | $2.6B | +11.2% |
| 12 | VICI Properties IncVICI | 10.2% | 9.78x | 7.80x | $24.5B | +5.7% |
| 13 | EPR PropertiesEPR | 10.1% | 9.91x | 16.8x | $4.2B | +10.1% |
| 14 | Howard Hughes Holdings Inc.HHH | 10.0% | 10.0x | 34.6x | $4.4B | +330.2% |
| 15 | Douglas Emmett IncDEI | 9.9% | 10.1x | 103.0x | $2.0B | +1.6% |
| 16 | Healthpeak Properties IncDOC | 9.8% | 10.3x | 58.2x | $12.8B | +45.4% |
| 17 | Saul Centers IncBFS | 9.5% | 10.6x | 28.8x | $1.1B | +8.4% |
| 18 | Crown CastleCCI | 8.6% | 11.7x | 32.5x | $33.6B | -21.1% |
| 19 | NNN REIT, Inc.NNN | 8.5% | 11.7x | 19.4x | $7.8B | +6.5% |
| 20 | Century Communities IncCCS | 8.3% | 12.0x | 11.7x | $1.5B | -7.3% |
| 21 | Four Corners Property Trust IncFCPT | 8.1% | 12.3x | 19.5x | $2.4B | +4.4% |
| 22 | Realty Income CorporationO | 7.8% | 12.8x | 44.8x | $51.0B | +9.7% |
| 23 | Ladder Capital Corp Class ALADR | 7.8% | 12.8x | 19.9x | $1.1B | -54.2% |
| 24 | Brixmor PropertyBRX | 7.7% | 13.0x | 19.2x | $8.4B | +4.3% |
| 25 | W P Carey IncWPC | 7.6% | 13.1x | 27.4x | $14.3B | +7.0% |
| 26 | Jones Lang LaSalle IncorporatedJLL | 7.6% | 13.1x | 14.9x | $12.8B | +10.8% |
| 27 | ARMOUR Residential REIT IncARR | 7.5% | 13.3x | 5.33x | $1.6B | — |
| 28 | Gaming & Leisure PropertiesGLPI | 7.5% | 13.3x | 12.2x | $11.0B | +9.0% |
| 29 | Broadstone Net Lease IncBNL | 7.4% | 13.6x | 28.2x | $3.7B | +8.2% |
| 30 | Sabra Healthcare REIT IncSBRA | 7.3% | 13.7x | 30.0x | $4.8B | +63.1% |
| 31 | Getty Realty CorporationGTY | 7.3% | 13.7x | 18.8x | $1.7B | +10.9% |
| 32 | Apple Hospitality REIT IncAPLE | 7.2% | 13.8x | 22.7x | $3.9B | +4.7% |
| 33 | Urban Edge PropertiesUE | 7.0% | 14.3x | 23.1x | $2.6B | +12.2% |
| 34 | CubeSmartCUBE | 6.8% | 14.7x | 25.5x | $8.3B | +3.3% |
| 35 | Essential Properties Realty Trust IncEPRT | 6.8% | 14.7x | 20.3x | $5.6B | +18.1% |
| 36 | National Health Investors IncNHI | 6.8% | 14.7x | 21.4x | $3.2B | +215.0% |
| 37 | AGNC Investment Corp.AGNC | 6.7% | 14.8x | 6.59x | $9.7B | +4453.3% |
| 38 | Pebblebrook Hotel TrustPEB | 6.7% | 14.9x | — | $2.3B | -0.1% |
| 39 | COPT Defense PropertiesCDP | 6.6% | 15.3x | 24.4x | $3.9B | -45.7% |
| 40 | Boston Properties IncBXP | 6.5% | 15.3x | 29.7x | $10.5B | +3.1% |
| 41 | Agree Realty CorporationADC | 6.4% | 15.6x | 35.3x | $7.9B | +16.9% |
| 42 | Netstreit CorpNTST | 6.4% | 15.6x | 146.0x | $1.7B | +26.9% |
| 43 | Acadia Realty TrustAKR | 6.4% | 15.7x | 58.2x | $2.6B | -5.1% |
| 44 | Diamondrock Hospitality Company Common StockDRH | 6.4% | 15.7x | 27.0x | $2.5B | +4.1% |
| 45 | RLJ Lodging TrustRLJ | 6.3% | 15.8x | 1046.6x | $1.9B | +5.5% |
| 46 | UMH Properties IncUMH | 6.3% | 15.8x | 152.2x | $1.3B | +0.7% |
| 47 | Omega Healthcare Investors IncOHI | 6.2% | 16.0x | 21.8x | $14.1B | -95.0% |
| 48 | Extra Space Storage IncEXR | 6.2% | 16.0x | 29.7x | $29.3B | +8.9% |
| 49 | LTC Properties IncLTC | 6.2% | 16.1x | 16.8x | $2.2B | +64.1% |
| 50 | Invitation Homes IncINVH | 6.0% | 16.6x | 28.3x | $16.0B | — |
Ranked from each company's latest price and reported results. Companies need a page on Investingly (SEC statements on file). Open any company for its reverse DCF, insider buying and 13F holders.
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Questions
Which company ranks first on the highest free cash flow yield real estate stocks list?
Millrose Properties (MRP), with a fcf yield of 97.8%, as of October 12, 2026.
How is this list built?
Free cash flow as a share of market value: how much cash the business produced for each dollar of stock. US companies worth over $1 billion, highest first. It shows the top 50 and is rebuilt every day.
Prices and ratios as of Oct 11, 2026. Statements from SEC filings. Information only, not investment advice.