Investor Presentaiton
1
Size and Scale: Park Ranks Among the Top 25 Largest REITs
Park TTM Pro-Forma Adjusted EBITDA vs. US REITS Universe (1)
Top 25 Largest REITS (1)
($ in millions)
($ in millions)
TTM Adj.
Company
Sector
EBITDA
Top 10 REITS
$2,120
1. Simon Property Group, Inc.
Malls
$4,839
Top 11-20
2. GGP, Inc.
Malls
$2,213
$1,182
3. Welltower, Inc.
Healthcare
$2,196
Top 21 - 30
$777
4. Ventas, Inc.
Healthcare
$1,892
5. Public Storage
Storage
$1,844
PK (2)
$763
6. Prologis, Inc.
Industrial
$1,836
Top 31-40
$589
7. Equinix, Inc.
Healthcare
$1,704
8. Equity Residential
Residential
$1,611
Top 41-50
$462
9. HCP, Inc.
Healthcare
$1,582
10. Host Hotels & Resorts, Inc.
Lodging
$1,493
Top 51-60
$387
11. Boston Properties, Inc.
Office
$1,490
Top 61 - 70
$333
12. Vornado Realty Trust
Office
$1,438
Top 71-80
$292
13. AvalonBay Communities, Inc.
14. Digital Realty Trust, Inc.
Residential
$1,344
Data Center
$1,239
15. Iron Mountain, Inc.
Paper
$1,145
Top 81-90
$243
Top 91-100
$194
Top 101-110
$162
Top 111-120
$119
Top 121-130
Park is among the Top 25 largest
REITs out of 130 REITs based
on TTM Adjusted EBITDA (1)
$75
16. SL Green Realty Corp.
17. VEREIT, Inc. Class A
18. Realty Income Corporation
19. Essex Property Trust, Inc.
20. Kimco Realty Corporation
21. Omega Healthcare Investors, Inc.
22. Brixmor Property Group, Inc.
23. Macerich Company
24. Gaming and Leisure Properties, Inc.
25. Park Hotels & Resorts Inc.
Office
$1,137
Shopping Center
$1,136
Triple Net Lease
$1,012
Residential
$940
Shopping Center
$906
Healthcare
$886
Shopping Center
$864
Malls
Gaming
Lodging
$856
$816
$763
Source: Public company filings, NAREIT REITWatch and SNL Financial
(1)
17 |
(2)
Excludes mortgage REITs, telecommunication REITs, correctional facility REITs, timberland REITs and other listed REITS within the last twelve months
Park's Adjusted EBITDA is shown on a pro-forma basis. Our definition of Adjusted EBITDA may not be comparable to similarly titled measures of other
companies. See Appendix for reconciliation of this measure to net income.
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