Invest in property stocks: A list of property stocks to buy in 2024

The best property 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.

5 popular property stocks picks to buy in 2024

We round up a selection of stocks in or related to the property industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

1. Realty Income (O)
2. Simon Property Group (SPG)
3. American Tower (AMT)
4. Prologis (PLD)
5. Digital Realty Trust (DLR)

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Stock picking services use algorithms, data analytics and expert insights to identify promising stocks, aiding investors in strategic decision-making.

If you don't have the time or expertise to research stocks on your own, consider stock picking services and research tools to help you choose.

Take a deeper dive into property stocks

If you're interested in investing in the property 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.

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1. Realty Income (O)

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust (REIT), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.

Realty Income stock opened the day at $53.89 after a previous close of $53.80. The latest price was $53.71 (25-minute delay). Realty Income is listed on the NYSE, has a trailing 12-month revenue of around USD4.1 billion and employs 418 staff.

• Market capitalization: $46,217,920,512
• P/E ratio: 42.5952
• PEG ratio: 4.7197

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2. Simon Property Group (SPG)

Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales. . . . . .

Simon Property Group stock opened the day at $143.05 after a previous close of $142.73. The latest price was $142.36 (25-minute delay). Simon Property Group is listed on the NYSE, has a trailing 12-month revenue of around USD$5.7 billion and employs 2,500 staff.

• Market capitalization: $52,611,350,528
• P/E ratio: 20.1203
• PEG ratio: 7.604

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3. American Tower (AMT)

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U. S. data center facilities. . . . .

American Tower stock opened the day at $172.72 after a previous close of $172.90. The latest price was $171.69 (25-minute delay). American Tower is listed on the NYSE, has a trailing 12-month revenue of around USD$11.1 billion and employs 5,643 staff.

• Market capitalization: $81,335,476,224
• P/E ratio: 54.6845
• PEG ratio: 1.3963

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4. Prologis (PLD)

Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2023, 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 $103.43 after a previous close of $103.35. The latest price was $104.06 (25-minute delay). Prologis is listed on the NYSE, has a trailing 12-month revenue of around USD$8.5 billion and employs 2,574 staff.

• Market capitalization: $96,972,800,000
• P/E ratio: 31.3617
• PEG ratio: 0.5983

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5. Digital Realty Trust (DLR)

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges. Digital Realty gives its customers access to the connected data communities that matter to them with a global data center footprint of 300+ facilities in 50+ metros across 25+ countries on six continents. . . . .

Digital Realty Trust stock opened the day at $142.33 after a previous close of $141.49. The latest price was $142.83 (25-minute delay). Digital Realty Trust is listed on the NYSE, has a trailing 12-month revenue of around USD$5.4 billion and employs 3,664 staff.

• Market capitalization: $44,818,456,576
• P/E ratio: 47.0268
• PEG ratio: 28.8974

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How to invest in property stocks

1. Choose a stock trading platform. If you don't already have a stock trading account, go straight to the best stock trading apps of 2024 and choose one.
2. Go through the sign up process. Sign up for an account by providing your personal information.
3. Set up a funding method. Once you are all set up for transactions, you can 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 SPG or O.
5. Place your order. Buy the stock. It's that simple.

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Bottom line

While it’s possible to turn a profit investing in property stocks, keep in mind that — like any investment — property stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the property 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.

A to Z list of property stocks