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7 top commercial real estate stocks to buy in 2024

Ready to invest in the real estate industry? Learn how to invest in commercial real estate stocks in just a few steps.

The best commercial real estate stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

The top real estate stocks included on this page all trade on the S&P 500, have an analyst recommendation of "Buy" or better and are sorted by year-to-date performance.

  1. Brandywine Realty Trust (BDN)
  2. SL Green Realty (SLG)
  3. CoStar Group (CSGP)
  4. Empire State Realty Trust (ESRT)
  5. Tanger Factory Outlet Centers (SKT)
  6. Simon Property Group (SPG)
  7. Prologis (PLD)

Take a deeper dive into commercial real estate stocks

If you're interested in investing in the real estate industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

1. Brandywine Realty Trust (BDN)

Brandywine Realty Trust (the "Parent Company") is a self-administered and self-managed real estate investment trust ("REIT") engaged in the acquisition, development, redevelopment, ownership, management, and operation of a portfolio of office and mixed-use properties. The Parent Company owns its assets and conducts its operations through Brandywine Operating Partnership, L. P. (the "Operating Partnership") and subsidiaries of the Operating Partnership.

Brandywine Realty Trust stock opened the day at $5.31 after a previous close of $5.34. The latest price was $5.39 (25-minute delay). Brandywine Realty Trust is listed on the NYSE, has a trailing 12-month revenue of around USD306.9 million and employs 324 staff.

  • Market capitalization: $900,546,368
  • PEG ratio: 14.94

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2. SL Green Realty (SLG)

SL Green Realty Corp. , Manhattan's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of June 30, 2024, SL Green held interests in 55 buildings totaling 31.

SL Green Realty stock opened the day at $76.94 after a previous close of $77.60. The latest price was $77.73 (25-minute delay). SL Green Realty is listed on the NYSE, has a trailing 12-month revenue of around USD$920.1 million and employs 1,188 staff.

  • Market capitalization: $5,013,581,312
  • PEG ratio: 0.9462

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3. CoStar Group (CSGP)

CoStar Group, Inc. provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.

CoStar Group stock opened the day at $71.52 after a previous close of $72.09. The latest price was $76.27 (25-minute delay). CoStar Group is listed on the NASDAQ, has a trailing 12-month revenue of around USD$2.7 billion and employs 6,450 staff.

  • Market capitalization: $30,763,399,168
  • P/E ratio: 178.6667
  • PEG ratio: 2.4249

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4. Empire State Realty Trust (ESRT)

Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifamily assets. The company is the recognized leader in energy efficiency and indoor environmental quality.

Empire State Realty Trust stock opened the day at $10.85 after a previous close of $10.90. The latest price was $10.78 (25-minute delay). Empire State Realty Trust is listed on the NYSE, has a trailing 12-month revenue of around USD$763.2 million and employs 666 staff.

  • Market capitalization: $3,051,824,896
  • P/E ratio: 39.2593
  • PEG ratio: 7.6332

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5. Tanger Factory Outlet Centers (SKT)

Tanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 38 outlet centers, one adjacent managed center and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U. S.

Tanger Factory Outlet Centers stock opened the day at $36.50 after a previous close of $36.51. The latest price was $36.43 (25-minute delay). Tanger Factory Outlet Centers is listed on the NYSE, has a trailing 12-month revenue of around USD$522.8 million and employs 364 staff.

  • Market capitalization: $3,955,060,736
  • P/E ratio: 41.069
  • PEG ratio: 3.6521

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6. Simon Property Group (SPG)

Simon Property Group, Inc. (NYSE:SPG) is a self-administered and self-managed real estate investment trust ("REIT"). Simon Property Group, L. P.

Simon Property Group stock opened the day at $180.45 after a previous close of $181.21. The latest price was $180.91 (25-minute delay). Simon Property Group is listed on the NYSE, has a trailing 12-month revenue of around USD$5.9 billion and employs 2,500 staff.

  • Market capitalization: $66,950,660,096
  • P/E ratio: 23.6886
  • PEG ratio: 6.036

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7. Prologis (PLD)

Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At June 30, 2024, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.

Prologis stock opened the day at $114.42 after a previous close of $115.13. The latest price was $114.54 (25-minute delay). Prologis is listed on the NYSE, has a trailing 12-month revenue of around USD$8.2 billion and employs 2,574 staff.

  • Market capitalization: $106,278,576,128
  • P/E ratio: 35.1994
  • PEG ratio: 0.5295

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How to invest in commercial real estate stocks

  1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps of 2024.
  2. Sign up for an account. Provide your personal information and sign up.
  3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
  4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like BDN or SLG.
  5. Place your order. Buy the stock. It's that simple.

Bottom line

While it’s possible to turn a profit investing in commercial real estate stocks, keep in mind that — like any investment — commercial real estate stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the real estate industry, so carefully vet your picks before you invest. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.

Finder is not an advisor or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.

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