FORTUNE 500 PART 2: HERE ARE THE BOTTOM 13 INDUSTRY ENTRANTS

Jun 09, 2016

Fortune just put out this year’s Fortune 500 list of top companies—Bisnow sifted through the names to find how real estate firms stacked up. Here’s Part 2 of our breakdown, with firms in the bottom half of the list. (Check out Part 1 here.)

Simon Property Group
CEO: David Simon (pictured)
HQ: Indianapolis
Spot On The List: 488
Employees: 4,075
The country’s largest real estate investment trust moved up from 529 in the rankings last year, as it saw profits rise by nearly 30% over the same time. The US’s largest shopping mall owner seems to have recovered from its failed $16.8B bid for Macerich last year.

Blackstone Group
CEO: Stephen A. Schwarzman (pictured)
HQ: New York
Spot On The List: 536
Employees: 2,060
The world’s largest alternative asset manager had a rough year, with its profits cut in half, by Fortune’s reckoning. Still, the PERE giant has come a long way since its founding in 1985.

Hyatt Hotels
CEO: Mark S. Hoplamazian
HQ: Chicago
Spot On The List: 562
Employees: 45,000
Hyatt bumped up 21 spots from last year, although it has yet to break into the top 500. Despite that rise in Fortune ranking, the firm saw a 64% decrease in profits over the past year.

Toll Brothers
CEO: Douglas C. Yearley Jr.
HQ: Horsham, PA
Spot On The List: 576
Employees: 39,000
Toll Brothers saw a much larger jump in rankings than Hyatt, up from 628 last year. The luxury homebuilder also made Fortune’s list of fastest-growing companies, at No. 53.

Wynn Resorts
CEO: Stephen A. Wynn (pictured)
HQ: Las Vegas
Spot On The List: 585
Employees: 20,800
Wynn saw a big drop in rankings on the year, falling from 477 as its profits took a 73.3% dive. The company has been expanding its holdings in Macau, despite a slowdown in the Chinese city.

Ventas
CEO: Debra A. Cafaro (pictured)
HQ: Chicago
Spot On The List: 651
Employees: 466
Ventas also saw a drop in profits on the year, although not quite as much as Wynn, at just 12.2%. It has been just over a year since the Chicago-based company bought and spun off nursing and rehab properties from Ardent Medical Services.

Carlyle Group
CEO: David Rubenstein (pictured), William E. Conway Jr.
HQ: Washington, DC
Spot On The List: 730
Employees: 1,700
This PERE giant dropped 101 spots from its place on the list last year. Carlyle and its peers had a particularly difficult Q1 amid market turmoil and rock-bottom oil prices.

Equity Residential
CEO: David J. Neithercut
HQ: Chicago
Spot On The List: 781
Employees: 3,500
Sam Zell’s (pictured) Equity Residential just revealed that a slowdown in gateway cities has it struggling. The Grave Dancer himself has predicted a recession in the coming months—although he hasn’t broken out his classic pre-recession poetry yet (that we know of).

Vornado
CEO: Steven Roth (pictured)
HQ: New York
Spot On The List: 833
Employees: 4,089
Vornado has dropped 19 spots on the list after a 12.1% drop in profits on the year. The company has just moved into co-working and co-living, opening a WeWork and WeLive in Crystal City, DC.

Boston Properties
CEO: Owen D. Thomas (pictured)
HQ: Boston
Spot On The List: 846
Employees: 765
Boston Properties has seen a nice 50-spot bump on the list since last year, and a profit increase of over 30%. The East Coast company just made its first foray into SoCal, buying a $500M office complex from Blackstone.

General Growth Properties
CEO: Sandeep Mathrani (pictured)
HQ: Chicago
Spot On The List: 861
Employees: 1,700
GGP, one of the country’s largest mall operators, has seen a 104% increase in profits over the past year, up to $1.3B. The retail REIT is investing in high-tech maps and other amenities to bring shoppers to its malls.

Public Storage
CEO: Ronald L. Havner Jr. (pictured)
HQ: Glendale, CA
Spot On The List: 870
Employees: 5,300
Public Storage is an oddball on this list, as the only self-storage REIT. Yet it has been a cash cow on Wall Street, with shares up 17% annually over the past 20 years—more than doubling the S&P 500 average.

Hospitality Properties Trust
CEO: John G. Murray
HQ: Newton, MA
Spot On The List: 988
Employees: 400
This real estate firm just barely squeezed onto Fortune’s top 1000 list, and if its falling profits continue (down 15% for the year) it could be on its way out. Still, over the last month the lodging REIT’s shares have trended upward.