In this article, we will list the 5 most profitable real estate stocks right now. Please visit 14 Most Profitable Real Estate Stocks Right Now if you would like to see the extended list and the methodology behind it.

5. Public Storage (NYSE:PSA)

As reported by TheFly on March 23, Scotiabank lifted the price target on Public Storage (NYSE:PSA) to $321, up from $319, and reiterated an Outperform rating. This optimism comes after the earlier announcement of the $10.5 billion all-stock acquisition of National Storage (NSA) Affiliates.

Back on March 16, Truist Securities maintained a Buy rating on Public Storage (NYSE:PSA) with a price target of $317 following the NSA acquisition. The firm believes that this agreement is advantageous to the company’s shareholders, saying that the joint venture structure used in the deal is a thoughtful solution to an otherwise complicating factor in the acquisition.

On the same day, Mizuho reiterated a Neutral rating and a price target of $285 on Public Storage (NYSE:PSA), highlighting that the going-in yield relatively matches the private-market cap rates. The firm believes this transaction marks the beginning of the company’s new era, driven by the PS4 initiative and WELL collaboration. Mizuho noted that meaningful net operating income upside is required for the company to accelerate its going-in yield by nearly 100 basis points.

Public Storage (NYSE:PSA) is a Maryland-based REIT that engages in the acquisition and development of self-storage facilities. The company had 3,533 self-storage facilities in 40 states as of December 31, 2025.

4. American Tower Corporation (NYSE:AMT)

On March 9, American Tower Corporation (NYSE:AMT) participated in the 34th Annual Media, Internet & Telecom Conference. Featuring CFO Rod Smith, the discussion revolved around the company’s strong 2025 performance and strategic 2026 focus. Although challenges in Latin America persist, the leadership appeared positive on the company’s growth prospects, particularly following the exclusion of Dish Network from its projections.

The company’s future outlook remains strong, thanks to mobile data growth and potential AI applications. Looking ahead, American Tower Corporation (NYSE:AMT) targets strategic developments in Europe, while also combatting Latin America headwinds. What strengthens the case for the company is its cost-saving initiative, which is expected to increase margins by 200-300 basis points over a period of five years.

Previously, on March 5, Bernstein SocGen Group started coverage on American Tower Corporation (NYSE:AMT) with a Market Perform rating and a price target of $205. The firm noted the company’s 149,000-tower portfolio in developed markets, stating that it generates mid-single-digit organic revenue growth, consistent EBITDA margins, and AFFO growth.

American Tower Corporation (NYSE:AMT), founded in 1995, is a Delaware-based leading global real estate investment trust that owns and operates multitenant communications real estate.

3. VICI Properties Inc. (NYSE:VICI)

On March 24, Citizens maintained a Market Outperform rating on VICI Properties Inc. (NYSE:VICI) with a price target of $35. This reaffirmation comes after the company’s announcement of higher involvement in the One Beverly Hills mixed-use development project. What’s even more interesting is the company’s stronger relationship with partners for increased experiential investments.

According to Citizens, this participation exceeds earlier expectations, with management previously signaling the next round of project financing, which is already underway. That said, the firm believes the company’s capital is attractively priced, positioning it well to benefit from development partnerships with companies again and again.

Recently, Mizuho adopted a neutral stance on VICI Properties Inc. (NYSE:VICI), as it views the stock as having limited relative upside potential moving forward, given its current price. While acknowledging the company’s solid track record and respected management team, the firm downgraded the company’s stock from Outperform to Neutral and set a $30 price target on March 11.

VICI Properties Inc. (NYSE:VICI), incorporated in 2016, is a Maryland-based experiential real estate investment trust that owns portfolios of top gaming, hospitality, wellness, entertainment, and leisure destinations.

2. Prologis, Inc. (NYSE:PLD)

On March 17, John Kim from BMO Capital boosted the price target on Prologis, Inc. (NYSE:PLD) to $137 from $123 and reiterated a Market Perform rating. According to TheFly, the firm appears modestly bullish on Industrial REITs, with 2026 REIT guidance indicating consistent occupancy and Cash same-store NOI (SSNOI).

Back on March 9, BofA Securities lifted the price target on Prologis, Inc. (NYSE:PLD) from $147 to $153 and reaffirmed a Buy rating. The firm’s analyst, Camille Bonnel, highlighted the company’s position as the best-performing Industrial REIT since its Q4 results, while noting its weak performance a week earlier due to macro challenges.

BofA considers the recent pullback a buying opportunity, saying that the market is in the initial stages of the next cycle. The firm adds that vacancy levels are at or near their peak, with market rents beginning to rise, alongside incremental data center growth for the company. Thanks to the data center opportunity, the firm has raised its estimates by 1% starting in 2028.

Prologis, Inc. (NYSE:PLD) is a Maryland-based self-administered and self-managed REIT engaged in investments in real estate. Founded in 1983, the company also owns a substantial ownership interest in the co-investment ventures.

1. Simon Property Group, Inc. (NYSE:SPG)

On March 24, Scotiabank lifted the price target on Simon Property Group, Inc. (NYSE:SPG) to $192, up from $189, and maintained a Sector Perform rating. As reported by TheFly, the firm is revising its price targets for the U.S. Retail REITs. The firm says that the management seems to be intentionally building a layer of conservatism into its initial same-store NOI guidance for the year, which it believes will build a positive backdrop for strong performance.

A day earlier, Barclays reiterated an Equalweight rating on Simon Property Group, Inc. (NYSE:SPG) with a price target of $193. This reaffirmation comes after the passing of the company’s chairman and chief executive, David Simon, on March 22. Following his death, Eli Simon was appointed the CEO and President by the board.

According to Richard Hightower, an analyst at Barclays, investors remain focused on the company’s stable strategic direction and on their confidence in the team’s ability to maintain a disciplined approach to capital allocation over the long run.

Simon Property Group, Inc. (NYSE:SPG), founded in 1993, is an Indianapolis-based self-administered and self-managed REIT that owns retail real estate properties mainly comprising regional malls, premium outlets, and mills.

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