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How each company in a group stands on five things from the filings, then what each says about a topic in its latest 10-K, side by side, and how often it came up compared with the year before.

Real estate: where each company stands, in one shape

How the shape is drawn →

Five things from the filings, each ranked against all 532 companies we cover: sales growth, net margin, debt, the six accounting checks, and insider and superinvestor buying. The fuller the shape, the higher its reported figures rank. Relative position, not a buy score or advice.

All 30 companies in Real estate
O Realty Income GrowthProfitBalanceCleanInsiders Sales +9%Margin 22%Checks 2 flagged PSA Public Storage GrowthProfitBalanceCleanInsiders Sales +3%Margin 38%Checks 0 flagged VICI Vici Properties GrowthProfitBalanceCleanInsiders Sales +4%Margin 56%Checks 1 flagged CCI Crown Castle GrowthProfitBalanceCleanInsiders Sales -4%Margin 20%Checks 3 flagged CSGP CoStar Group GrowthProfitBalanceCleanInsiders Sales +19%Margin 4.9%Checks 1 flagged BXP BXP, Inc. GrowthProfitBalanceCleanInsiders Sales +2%Margin 8.4%Checks 1 flagged EXR Extra Space Storage GrowthProfitBalanceCleanInsiders Sales +4%Margin 30%Checks 0 flagged INVH Invitation Homes GrowthProfitBalanceCleanInsiders Sales +4%Margin 24%Checks 0 flagged SBAC SBA Communications GrowthProfitBalanceCleanInsiders Sales +5%Margin 35%Checks 1 flagged ARE Alexandria Real Estate Equities GrowthProfitBalanceCleanInsiders Sales -3%Margin -52%Checks 1 flagged MAA Mid-America Apartment Communities GrowthProfitBalanceCleanInsiders Sales +1%Margin 18%Checks 0 flagged KIM Kimco Realty GrowthProfitBalanceCleanInsiders Sales +5%Margin 28%Checks 1 flagged ESS Essex Property Trust GrowthProfitBalanceCleanInsiders Sales +6%Margin 21%Checks 0 flagged UDR UDR, Inc. GrowthProfitBalanceCleanInsiders Sales +2%Margin 41%Checks 0 flagged REG Regency Centers GrowthProfitBalanceCleanInsiders Sales +7%Margin 34%Checks 0 flagged CPT Camden Property Trust GrowthProfitBalanceCleanInsiders Sales +2%Margin 72%Checks 0 flagged FRT Federal Realty Investment Trust GrowthProfitBalanceCleanInsiders Sales +6%Margin 39%Checks 0 flagged VMRK Vivmark Residential GrowthProfitBalanceCleanInsiders Sales –Margin –Checks 0 flagged

What they say about one topic

Regulation: paragraphs that mention it

bar = this year · line = last year
ARE 145 vs 128 INVH 104 vs 83 VTR 84 vs 78 WELL 82 vs 72 DOC 71 vs 70 VICI 69 vs 52 AMT 55 vs 51 WY 55 vs 48 CBRE 49 vs 48 EQIX 47 vs 49 O 46 vs 42 BXP 44 vs 46 DLR 43 vs 42 CSGP 39 vs 29 SBAC 39 vs 44 CCI 38 vs 39 SPG 36 vs 35 VMRK 36 vs 35 IRM 35 vs 33 MAA 33 vs 31 PSA 32 vs 35 KIM 31 vs 29 UDR 31 vs 31 ESS 28 vs 30 EXR 28 vs 27 HST 28 vs 28 REG 28 vs 29 PLD 25 vs 25 FRT 24 vs 23 CPT 13 vs 11

ARE ALEXANDRIA REAL ESTATE EQUITIES, INC.

145 paragraphs

evolving regulatory requirements, including GHG regulations and policies, could negatively impact our financial results. Moreover,

Item 1A, Risk Factors, 10-K 2026-01-26 ↗

with regulatory obligations and may lead to reputational harm and regulatory issues or fines.

Item 1A, Risk Factors, 10-K 2026-01-26 ↗

INVH Invitation Homes Inc.

104 paragraphs

Regulatory requirements related to sustainability matters continue to evolve and any assessment of the potential impact of future climate change legislation, regulations, or industry standards, as well as any international treaties and accords, is uncertain given the wide scope of potential regulatory change.

Item 1A, Risk Factors, 10-K 2026-02-19 ↗

• changes in laws and regulations, including those that increase operating expenses or limit our ability to increase rental rates. See “Legal and Regulatory Related Risks - Eviction, tenant rights, rent control, and rent stabilization laws, and other similar laws and/or regulations that limit our ability to collect rent, enforce remedies for failure to pay rent, or increase rental rates may negatively impact our rental income and profitability; ”

Item 1A, Risk Factors, 10-K 2026-02-19 ↗

VTR Ventas, Inc.

84 paragraphs

The legal and regulatory environment surrounding data privacy and cybersecurity is constantly evolving and may be subject to significant change. Laws and regulations governing data privacy, cybersecurity and the unauthorized disclosure of personal information pose increasingly complex compliance challenges, including …

Item 1A, Risk Factors, 10-K 2026-02-06 ↗

New laws and regulations are being adopted, and existing laws and regulations may be interpreted, in ways that could affect our business operations and the way in which we use AI. Our ongoing efforts to comply with privacy and data …

Item 1A, Risk Factors, 10-K 2026-02-06 ↗

WELL WELLTOWER INC.

82 paragraphs

The laws and regulations that apply to us and our operators, managers and tenants are complex and may change rapidly, or new laws and regulations that apply to us may be enacted. Any new laws, regulations or changes in scope, interpretation or enforcement of the regulatory framework applicable to us could require us or our operators, managers or tenants to make changes to our or their business or operations, respectively, or to invest significant resources in order to comply. We are subject

Item 1A, Risk Factors, 10-K 2026-02-12 ↗

… or regulatory action. Such actions may have an effect on our operators’, managers’ or tenants’ ability to make lease payments to us and, therefore, adversely impact us. In addition, we may be directly subject to these laws, regulations and standards …

Item 1A, Risk Factors, 10-K 2026-02-12 ↗

DOC HEALTHPEAK PROPERTIES, INC.

71 paragraphs

… to operate under our license until the required regulatory approvals are obtained, but could subject us to fines or penalties if the third party fails to comply with applicable laws and regulations and fails to indemnify us for such fines …

Item 1A, Risk Factors, 10-K 2026-02-03 ↗

Our tenants, operators, and borrowers across our segments are subject to or impacted by extensive, frequently changing federal, state, and local laws and regulations; see “Item 1, Business - Government Regulation, Licensing and Enforcement - Healthcare Licensure and Certificate of Need” for …

Item 1A, Risk Factors, 10-K 2026-02-03 ↗

VICI VICI PROPERTIES INC.

69 paragraphs

• We and our tenants face extensive regulation from gaming and other regulatory authorities, and our charter provides that any of our shares held by investors who are found to be unsuitable by state gaming regulatory authorities are subject to redemption, which may delay or prohibit a change in control.

Item 1A, Risk Factors, 10-K 2026-02-25 ↗

We and our tenants face extensive regulation from gaming and other regulatory authorities, and our charter provides that any of our shares held by investors who are found to be unsuitable by state gaming regulatory authorities are subject to redemption, which may delay or prohibit a change in control.

Item 1A, Risk Factors, 10-K 2026-02-25 ↗

AMT AMERICAN TOWER CORP /MA/

55 paragraphs

… Existing or new regulatory policies, regulations or laws may materially and adversely affect the timing, cost or completion of our communications sites or result in changes in the competitive landscape that may negatively affect our business. Noncompliance could result in …

Item 1A, Risk Factors, 10-K 2026-02-24 ↗

• governmental regulation restricting foreign ownership or requiring reversion or divestiture;

Item 1A, Risk Factors, 10-K 2026-02-24 ↗

WY WEYERHAEUSER CO

55 paragraphs

Timber harvest activities are also subject to a number of federal, state and local regulations pertaining to the protection of fish, wildlife, water and other resources. Regulations, government agency policy and guidelines, and litigation, can restrict timber harvest activities and …

Item 1A, Risk Factors, 10-K 2026-02-13 ↗

… Indeed, such regulations have already been passed into law in some Canadian provinces and in Washington state, where we have mill operations. Climate change effects, if they occur, and governmental initiatives, laws and regulations to address potential climate

Item 1A, Risk Factors, 10-K 2026-02-13 ↗

CBRE CBRE GROUP, INC.

49 paragraphs

… A number of our services, including the services provided by our indirect wholly-owned subsidiaries, CBRE Capital Markets and CBRE Investment Management, are subject to regulation by the SEC, Financial Industry Regulatory Authority (FINRA), or other self-regulatory organizations and …

Item 1A, Risk Factors, 10-K 2026-02-12 ↗

We are subject to changing rules and regulations promulgated by a number of governmental and self-regulatory organizations, including the SEC, the New York Stock Exchange (NYSE) and the Financial Accounting Standards Board. Further, new and emerging regulatory initiatives, particularly …

Item 1A, Risk Factors, 10-K 2026-02-12 ↗

EQIX EQUINIX INC

47 paragraphs

We strive to comply with all laws and regulations that apply to our business. However, as these laws evolve, they can be subject to varying interpretations and regulatory discretion. To the extent a regulator or court disagrees with our interpretation …

Item 1A, Risk Factors, 10-K 2026-02-11 ↗

… the global regulatory landscape on corporate sustainability reporting has continued to expand in both size and complexity across other parts of the world in which we operate. It is possible that compliance with sustainability-related laws, regulations and directives will …

Item 1A, Risk Factors, 10-K 2026-02-11 ↗

O REALTY INCOME CORP

46 paragraphs

We may face extensive regulations from gaming and other regulatory authorities regarding current and future gaming properties.

Item 1A, Risk Factors, 10-K 2026-02-25 ↗

… Our business, and the businesses of our clients, also depend on a stable and predictable legal and regulatory framework, including the consistent interpretation, application and enforcement of federal, state and local laws, regulations and policies. The instability and unpredictability caused …

Item 1A, Risk Factors, 10-K 2026-02-25 ↗

BXP BXP, Inc.

44 paragraphs

• the evolving legal regulations relating to AI, which may require significant resources to modify and maintain business practices to comply with applicable law or otherwise result in legal or regulatory action or create additional liabilities, the nature of which cannot be determined at this time.

Item 1A, Risk Factors, 10-K 2026-02-27 ↗

Investments in international markets may also subject us to risks associated with funding increasing headcount, integrating new offices, and establishing effective controls and procedures to regulate the operations of new offices and to monitor compliance with U.S. laws and regulations such as the Foreign Corrupt Practices Act and similar foreign laws and regulations, such as the U.K. Bribery Act.

Item 1A, Risk Factors, 10-K 2026-02-27 ↗

DLR DIGITAL REALTY TRUST, INC.

43 paragraphs

… Certain permits from state or local environmental regulatory agencies, including regulators of air quality, are usually required to install and operate diesel-powered generators, which provide emergency back-up power at most of our facilities. These permits often set emissions …

Item 1A, Risk Factors, 10-K 2026-02-13 ↗

… minimum demand charges, geopolitical conflicts, military conflicts, energy market structure and/or regulatory changes, the adoption of modified and/or new energy tariffs, regulations intended to regulate carbon emissions and other pollutants, renewable energy adoption, and other obligations, as well …

Item 1A, Risk Factors, 10-K 2026-02-13 ↗

CSGP COSTAR GROUP, INC.

39 paragraphs

The regulatory framework for AI Technologies is rapidly evolving as many federal, state and foreign government bodies and agencies have introduced or are currently considering additional laws and regulations. Additionally, existing laws and regulations may be enjoined in judicial proceedings …

Item 1A, Risk Factors, 10-K 2026-02-26 ↗

We may not be able to complete certain strategic transactions if a proposed transaction is subject to review or approval by regulatory authorities pursuant to applicable laws or regulations. Certain potential acquisitions, divestitures or other business combinations that we may …

Item 1A, Risk Factors, 10-K 2026-02-26 ↗

SBAC SBA COMMUNICATIONS CORP

39 paragraphs

… As interpretation and enforcement of these and other future data privacy regulations and industry standards evolve, we may incur costs related to litigation or regulatory penalties if we are alleged to be non-compliant.

Item 1A, Risk Factors, 10-K 2026-02-27 ↗

Our business is subject to government regulations and changes in current or future regulations could harm our business.

Item 1A, Risk Factors, 10-K 2026-02-27 ↗

CCI CROWN CASTLE INC.

38 paragraphs

In deciding whether to grant the required regulatory approval, consent or clearance, the relevant governmental entities will consider the effect of the transaction on competition within their relevant jurisdiction. Regulatory and governmental entities may impose conditions on their respective approvals …

Item 1A, Risk Factors, 10-K 2026-02-23 ↗

The Strategic Fiber Agreement contains closing conditions and requirements with which we must comply pending the closing of the Strategic Fiber Transaction, including (1) obtaining regulatory approvals from certain U.S. regulatory and

Item 1A, Risk Factors, 10-K 2026-02-23 ↗

SPG SIMON PROPERTY GROUP INC.

36 paragraphs

In addition, our processing of Confidential Information, including personally identifiable information, subjects us to various federal, state and local laws, regulations and industry standards governing the collection, use, storage, sharing, transmission and other processing of personal information. The regulatory environment …

Item 1A, Risk Factors, 10-K 2026-02-25 ↗

changes in applicable laws and regulations in the United States that affect international operations;

Item 1A, Risk Factors, 10-K 2026-02-25 ↗

VMRK VIVMARK RESIDENTIAL

36 paragraphs

Our properties are subject to various federal, state and local regulatory requirements, such as state and local fire and life safety requirements, building and zoning codes, environmental and other related regulations, and federal, state and local accessibility requirements, including and …

Item 1A, Risk Factors, 10-K 2026-02-13 ↗

Further, laws and regulations at the federal, state and local level requiring climate-related disclosures, including legislation enacted in the State of California, may increase compliance and data collection costs if and/or when such laws and regulations become effective.

Item 1A, Risk Factors, 10-K 2026-02-13 ↗

IRM IRON MOUNTAIN INC

35 paragraphs

We and our customers are subject to numerous laws and regulations relating to data privacy and cybersecurity. These regulations are complex, change frequently and have tended to become more stringent over time. In addition, a growing number of regulatory bodies …

Item 1A, Risk Factors, 10-K 2026-02-12 ↗

These technologies are subject to an evolving and fragmented legal and regulatory landscape. The absence of a unified regulatory framework, and the risk of divergent or conflicting regulations across jurisdictions applicable to our business, could increase the complexity and costs …

Item 1A, Risk Factors, 10-K 2026-02-12 ↗

MAA MID AMERICA APARTMENT COMMUNITIES INC.

33 paragraphs

We must own, operate, manage, acquire, develop and redevelop our properties in compliance with numerous federal, state and local laws and regulations, some of which may conflict with one another or are subject to limited judicial or regulatory interpretations. These …

Item 1A, Risk Factors, 10-K 2026-02-06 ↗

• the passage of legislation or other regulatory developments that adversely affect us or our industry;

Item 1A, Risk Factors, 10-K 2026-02-06 ↗

PSA Public Storage

32 paragraphs

… The regulatory authorities in each jurisdiction generally have broad discretion to grant, renew, and revoke licenses and approvals, to promulgate, interpret, and implement regulations, and to evaluate compliance with regulations through periodic examinations, audits, and investigations of the affairs of …

Item 1A, Risk Factors, 10-K 2026-02-12 ↗

… Failure to comply with applicable laws and regulations may subject us to increased litigation and regulatory actions and negatively affect our business and operations or reputation.

Item 1A, Risk Factors, 10-K 2026-02-12 ↗

KIM KIMCO REALTY CORP

31 paragraphs

We have completed our efforts to exit Mexico and Canada, however, we cannot predict the impact of laws and regulations affecting these international operations, including the United States Foreign Corrupt Practices Act, or the potential that we may face regulatory sanctions.

Item 1A, Risk Factors, 10-K 2026-02-20 ↗

… In addition, we cannot predict the manner in which such laws or regulations might be administered or interpreted, or when, or the potential that we may face regulatory sanctions or tax audits as a result of our former international operations.

Item 1A, Risk Factors, 10-K 2026-02-20 ↗

UDR UDR, Inc.

31 paragraphs

… In addition, there has been increased focus on such matters by various regulatory authorities, including the SEC and the state of California and other states or jurisdictions, and the activities and expense required to comply with new laws, regulations or …

Item 1A, Risk Factors, 10-K 2026-02-17 ↗

… Similarly, compliance with or changes in (i) laws increasing the potential liability for environmental conditions existing on properties or the restrictions on discharges or other conditions, (ii) laws and regulations regulating housing, such as the Americans with Disabilities Act and …

Item 1A, Risk Factors, 10-K 2026-02-17 ↗

ESS ESSEX PROPERTY TRUST, INC.

28 paragraphs

The Company is susceptible to adverse developments in economic and regulatory environments, such as increases in real estate and other taxes, and increased costs of complying with governmental regulations. California is generally regarded as more

Item 1A, Risk Factors, 10-K 2026-02-20 ↗

litigious, highly regulated and subject to higher taxes than many other states, which may reduce demand for the Company’s communities. Any adverse developments in the economic or real estate markets in California or Washington, or any decrease in demand for the Company’s communities resulting from the California or Washington regulatory or business environments, could have an adverse effect on the Company’s business and results of operations.

Item 1A, Risk Factors, 10-K 2026-02-20 ↗

EXR Extra Space Storage Inc.

28 paragraphs

Our tenant reinsurance business is subject to significant governmental regulation. The regulatory authorities generally have broad discretion to grant, renew and revoke licenses and approvals, to promulgate, interpret and implement regulations, and to evaluate compliance with regulations through periodic examinations …

Item 1A, Risk Factors, 10-K 2026-02-20 ↗

New laws and regulations are being adopted, and existing laws and regulations may be interpreted, in ways that could affect our business operations and the way in which we use AI. Our ongoing efforts to comply with privacy and data …

Item 1A, Risk Factors, 10-K 2026-02-20 ↗

HST HOST HOTELS & RESORTS, INC.

28 paragraphs

In addition, the adoption of increased government regulations, changes in Federal, state and local legislation and regulations and changes in investor preference related to ESG and similar matters may result in changes to our business practices, including increasing expenses or capital expenditures. Other impacts related to ESG matters may include the costs of compliance with new or existing regulations, standards or reporting requirements regarding the environmental impacts of our business.

Item 1A, Risk Factors, 10-K 2026-02-25 ↗

… effect on our business or financial reporting, subject us to liability claims or regulatory penalties, which amounts could be significant, as the SEC and other regulators have increased their focus on companies' cybersecurity vulnerabilities and risks, and increase the costs …

Item 1A, Risk Factors, 10-K 2026-02-25 ↗

REG REGENCY CENTERS CORP

28 paragraphs

… In addition, any failure or perceived failure by us to comply with laws, regulations and other requirements relating to the privacy, security and handling of information could result in legal claims or proceedings (including class actions), regulatory investigations or enforcement …

Item 1A, Risk Factors, 10-K 2026-02-13 ↗

… We are therefore subject to laws, regulations and other requirements relating to the privacy, security and handling of personal information. These laws require us to adhere to certain disclosure restrictions and deletion obligations with respect to the personal information, and …

Item 1A, Risk Factors, 10-K 2026-02-13 ↗

PLD Prologis, Inc.

25 paragraphs

… Bribery Act and similar laws and regulations. Our properties are also subject to various federal, state and local regulatory requirements, such as the Americans with Disabilities Act and state and local fire, life-safety, energy and greenhouse gas emissions requirements …

Item 1A, Risk Factors, 10-K 2026-02-13 ↗

• challenges in establishing effective controls and procedures to regulate operations in different geographies and to monitor compliance with applicable regulations, such as the Foreign Corrupt Practices Act, the United Kingdom (“U.K.”) Bribery Act and other similar laws;

Item 1A, Risk Factors, 10-K 2026-02-13 ↗

FRT FEDERAL REALTY INVESTMENT TRUST

24 paragraphs

Environmental laws and regulations could reduce the value or profitability of our properties.

Item 1A, Risk Factors, 10-K 2026-02-12 ↗

Legislative, administrative, regulatory or other actions affecting REITs, including positions taken by the IRS, could have a material adverse effect on us and our investors.

Item 1A, Risk Factors, 10-K 2026-02-12 ↗

CPT CAMDEN PROPERTY TRUST

13 paragraphs

• changes in governmental regulations such as eviction moratoriums, rent control, or stabilization laws regulating rental housing.

Item 1A, Risk Factors, 10-K 2026-02-12 ↗

Certain states and local municipalities have adopted rent control or rent stabilization laws and regulations, imposing restrictions on amounts of rent increases which may be charged. There are a number of additional states and local municipalities in which we operate …

Item 1A, Risk Factors, 10-K 2026-02-12 ↗