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Nomura Holdings Inc. (NMR)

Nomura is a Japanese securities house with an investment bank, an asset manager and a wealth business. The company, previously known as The Nomura Securities Co., Ltd., was incorporated in Japan on 25 December 1925 under the Commercial Code of Japan when the securities division of The Osaka Nomura Bank became a separate entity dealing in debt securities. It opened a representative office in New York in 1927, began trading equities in 1938 and organised the first investment trust in Japan in 1941. The business now runs in four divisions: Wealth Management, Investment Management, Wholesale, and Banking. The financial year ends in March and the figures are stated in yen.

Nomura Holdings Inc.

Nomura is a Japanese securities house with an investment bank, an asset manager and a wealth business. The company, previously known as The Nomura Securities Co., Ltd., was incorporated in Japan on 25 December 1925 under the Commercial Code of Japan when the securities division of The Osaka Nomura Bank became a separate entity dealing in debt securities. It opened a representative office in New York in 1927, began trading equities in 1938 and organised the first investment trust in Japan in 1941. The business now runs in four divisions: Wealth Management, Investment Management, Wholesale, and Banking. The financial year ends in March and the figures are stated in yen.

Wealth Management

Wealth Management delivers financial products and services, including investment services and non-financial services, mainly to individuals and corporations in Japan. It reaches them primarily through the nationwide branch network of Nomura Securities and through online services, and the total number of local branches including the head office was 104 at the end of March 2026. Asset consultation services are offered against clients' medium and long-term needs.

Investment Management

Investment Management sells investment strategies, products and services to a wide range of investors: investment trusts for individuals through financial institutions in Japan, and investment solutions in both public and private market asset classes to pension funds, institutional investors and financial intermediaries globally. It combines traditional assets such as stocks and bonds with alternative assets including private equity, private debt and real assets. Within the division, Nomura Asset Management Co., Ltd. and the other investment and asset management companies keep their independence in investing to meet applicable fiduciary duties while drawing on the group's shared knowledge and infrastructure.

The Macquarie acquisition

On 1 December 2025 Nomura completed the purchase of 100% of Macquarie Management Holdings, Inc., Macquarie Investment Management Holdings (Luxembourg) and Macquarie Investment Management Holdings (Austria) for a purchase price of ¥288.8 billion, being the US and European public asset management business of Macquarie Group. Those companies became consolidated subsidiaries and have since been renamed under the Nomura name. The filing states that the acquisition increased assets under management by approximately ¥25,524 billion in retail and institutional client assets across equities, fixed income and multi-asset strategies, under the global Nomura Asset Management brand, and calls it a step towards the company's 2030 management vision.

Wholesale

Wholesale is two halves. Global Markets trades, sells and structures financial products across fixed income and equities and provides structured financing and solutions. Investment Banking runs advisory, financing and solution businesses for corporations, financial institutions, sovereigns, financial sponsors and others. Its financial advisory work covers mergers and acquisitions, divestitures, spin-offs, capital structuring, corporate defence activities and leveraged buyouts, along with reorganisations and other corporate restructurings tied to industry consolidation.

Banking and the rules

The Banking Division was established in April 2025 and holds The Nomura Trust and Banking Co., Ltd., which provides banking and trust and agent services in Japan, and Nomura Bank (Luxembourg), which provides fund administration for Cayman- and Luxembourg-domiciled investment funds held mainly by Japanese investors. Banking there earns its money by investing deposits, including retail internet banking deposits, in securities-backed loans and securities investments, while trust and agent services earn theirs by managing clients' investment assets for investment trusts and similar vehicles. Overseas the group works through subsidiaries including Nomura Securities International, Inc. in the United States, set up as a broker-dealer in 1969, Nomura International plc in the UK, set up in 1981 as an underwriter and broker, and Nomura International (Hong Kong) Limited, in which it took a controlling interest in 1967. Each Japanese securities company must segregate client assets and belong to an Investor Protection Fund, which protects up to ¥10 million per client if a member fails.

From Nomura's annual report on Form 20-F for the year ended 31 March 2026. The filing

Compare with another name

Nomura Holdings Inc. files a 20-F with the SEC once a year, in yen. In the year to 31 March 2026 it reported revenue of JPY 2,159 billion ($14.4 billion at the year's average rate), up 14.0% on the year before. Its profit attributable to shareholders was JPY 362 billion, up 6.3%, and diluted earnings per share JPY 118.99.

Nomura Holdings (NMR) in brief

Nomura Holdings (NMR) reported revenue of JPY 2.16 trillion for the year to 31 March 2026, up 14.0% on the year before.
Read moreProfit attributable to shareholders was JPY 362 billion and diluted earnings per share JPY 118.99. Revenue was JPY 1.89 trillion in the year to 31 March 2025, JPY 1.57 trillion in the year to 31 March 2024, JPY 1.37 trillion in the year to 31 March 2023 and JPY 1.36 trillion in the year to 31 March 2022. Profit attributable to shareholders in the same years was JPY 341 billion, JPY 166 billion, JPY 92.8 billion and JPY 143 billion. Revenue grew 9.2% a year, compounded, over the five years to the year to 31 March 2026. At the close of 10 November 2026 the market cap of Nomura Holdings was $27.6 billion, 12.6 times its earnings for the year to 31 March 2026.

The share in the US

Last close$9.50 on 10 November 2026
52-week range$6.94 (18 November 2025) to $10.86 (11 September 2026)
Over one yearup 31.9%
Market cap$27.6 billion: 2,901,337,224 shares outstanding at 31 March 2026 (20-F), each US share standing for one ordinary share
P/E, latest fiscal year12.6: the last close over diluted EPS for the year to Mar 2026, JPY 118.99 per ordinary share, $0.75 at 158.23 JPY per US dollar on 6 November 2026 (FRED DEXJPUS). The company reports once a year, so this is the latest fiscal year, not the last four quarters.

US dollars per share as it trades in the US; the market cap and the P/E are worked out here, not filed. Prices from IEX, for splits.

Ratios

From the latest annual report, the year to Mar 2026, in dollars

ROE9.8%
ROCEn/a
Operating marginn/a
Net margin16.8%
FCF margin-55.4%
Interest covern/a
Debt to equityn/a
Cash conversion-2.33
Share count, last 12 months-0.8%
Sales CAGR, 3 years16.5%
Profit CAGR, 3 years57.4%
EPS$0.75

At the close of 10 November 2026

Price$9.50
Market cap$27.6 billion
Stock P/E12.63
Price to book1.18
EV / EBITDAn/a
Dividend yield4.3%
Market cap / sales2.02
52-week high$10.86
52-week low$6.94
Price, 1 year31.9%
Price CAGR, 3 yearsn/a
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Nothing here is a valuation or a view.
NMRgreeksoup.ai
Daily prices to 10 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. This company reports once a year, so every view here moves once a year, on the day each annual report was filed, and holds until the next. P/E is the close over the year's EPS per US share: the EPS as filed, in dollars at the year's average exchange rate (Federal Reserve, from FRED). Sales and margin are each year's revenue in dollars and its operating margin. EV/EBITDA, price to book and market cap to sales set the close against that year's balance sheet in dollars at its year-end rate and its share count per US share. The dashed line is the median over the range shown. The P/E above uses today's exchange rate, so the latest point here can differ from it a little. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on NMR

DividendsJPY 180 billion paid in cash dividends in FY2026
Filings62 in twelve months: 59 reports on Form 6-K, most often corporate governance report (4); nomura Announces Consolidated Regulatory Capital and Liquidity Coverage Ratios (2); nomura Announces Status of Share Buyback Program from Market (2); nomura Reports Second Quarter Financial Results (1); financial Summary for the Six Months Ended September 30, 2026 (U.S. GAAP) (1)
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.6 by open interest at the 10 November 2026 close; the straddle prices a 10.3% move to 20 November 2026
13F holders303 funds reported a position for the quarter to 30 June 2026; largest Fisher Asset Management, LLC
Insider trading0 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest1.4 million shares short, 1.27 days to cover at 30 October 2026

Income statement (profit and loss), 19 fiscal years

Year toMar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018 †Mar 2019Mar 2020Mar 2021 †Mar 2022 †Mar 2023 †Mar 2024Mar 2025Mar 2026
Revenuen/an/an/an/an/an/an/an/an/an/a1,4951,1241,3091,3901,3581,3661,5721,8942,159
Profit before taxn/an/a95.811081.2200351322186316326-30.5270219221180284474532
Income tax3.3-70.937.261.358.913214512122.680.210457.028.970.380.157.896.6125165
Profit for the year-68.2-70968.131.926.1106216226143243224-94.721916014791.7177347374
Profit attributable to shareholders-67.8-70867.828.711.6107214225132240219-10021715314392.8166341362
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F
JPY billion, from each year's annual report on the SEC's EDGAR, linked in the last row, on the US GAAP tags the company filed.
Read moreA line the company does not file under the standard tag is left out rather than estimated. Revenue for Nomura Holdings Inc. is its net revenue, the broker's top line after interest expense, the company's own stated total, as its filing builds it; a year where that line carries another measure is left out. A year marked † shows the figure as the company restated it in a later annual report (Mar 2018, Mar 2021, Mar 2022, Mar 2023); the first-filed figure is in the CSV. Profit for the year includes the part that belongs to minority shareholders; profit attributable to shareholders is the part EPS is struck on. Each year links to its own page.
Year toMar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018 †Mar 2019Mar 2020Mar 2021 †Mar 2022 †Mar 2023 †Mar 2024Mar 2025Mar 2026
Diluted EPS-35.57-366.1621.597.863.1428.3755.8160.0335.5265.6561.88-29.9266.2048.6345.2329.7452.69111.03118.99
Basic EPS-35.55-364.6921.687.903.1829.0457.5761.6636.5367.2963.13-29.9067.7650.1146.6830.8654.97115.30123.08
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F

JPY per ordinary share, as filed. One US-listed share can stand for more or fewer ordinary shares; the P/E above puts the two on the same basis.

Revenue by region

Mar 2018Mar 2019Mar 2021Mar 2022Mar 2024Mar 2025Mar 2026Share
of the parts, latest year
Japan9927689658587838661,08850.2%
Subtotal5053494375067791,0261,08049.8%
JapanSubtotal
1,497.0Mar 20181,116.8Mar 20191,401.9Mar 20211,363.9Mar 20221,562.0Mar 20241,892.5Mar 20252,167.7Mar 2026

JPY billion; hover a block for its figure and share

JPY billion, from the latest 20-F, in the company's own words. A year is shown only where the parts add up to the revenue above.

Cash flow statement

Follow the cashA discounted cash flow: five years of free cash flow, added up in today's moneyNot for Nomura Holdings: a broker's operating cash flow carries its clients' money, so its free cash flow swings with client balances rather than with what the firm earns. Book value and return on equity, in the ratios above, are the usual measures for it.

Year toMar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018 †Mar 2019Mar 2020Mar 2021 †Mar 2022 †Mar 2023 †Mar 2024Mar 2025Mar 2026
Cash from operations-648-713-1,501-235291550457-77.01,2381,305-446-361-15.9668-863-695133-679-843
Purchase of property, plant and equipment12696.083.1186183272214209325313285319207120111171146190354
Free cash flow-774-809-1,584-421108278243-286914992-731-680-223548-974-866-13.1-869-1,197
Cash from investing-102-98.9-270-4239.9-160-10312.3-23.7-118-56.2-113216258-593-233-888-849-1,499
Cash from financing9431,0002,1771,284-844-702289-178986-2,131373761332-6691,1131,2841,0131,6802,096
Depreciation and amortisation63.575.873.175.610191.579.578.979.470.971.657.963.663.859.561.461.361.768.3
Buybacks3.50.10.037.48.30.032.510420.061.310951.71500.039.624.761.059.0101
Dividends paid86.964.911.129.129.114.751.955.382.842.870.247.558.476.470.757.360.2113180
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F
JPY billion, from the cash flow statement as filed.
Read morePurchase of property, plant and equipment is the cash line as filed; purchases of intangible assets and acquisitions are not in it. Free cash flow is cash from operations less that purchase, arithmetic on the two filed lines. Cash from investing and from financing are the company's own section totals, below zero where cash went out. Buybacks are the cash paid for the company's own shares.

Balance sheet at year end

Year toMar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018 †Mar 2019Mar 2020Mar 2021 †Mar 2022 †Mar 2023 †Mar 2024Mar 2025Mar 2026
Funded by
Equity attributable to shareholders2,0011,5392,1272,0832,1072,2942,5142,7082,7002,7902,7492,6312,6532,6952,9153,1493,3503,4713,708
Non-controlling interestsn/a12.26.18.928224.639.537.242.853.950.549.777.861.558.275.698.3110147
Other liabilitiesn/a23,28630,09734,60133,30835,62340,96739,03838,34740,00837,54438,28941,26939,76040,43944,54851,69953,22158,791
Total equity and liabilitiesn/a24,83832,23036,69335,69737,94243,52041,78341,09042,85240,34440,96944,00042,51643,41247,77255,14756,80262,646
Owned
Property, plant and equipmentn/a3573573921,046428409401356350339349441464419464449436544
Goodwilln/a70.579.870.274.074.277.786.280.880.478.50.50.513.114.417.619.317.2172
Cash and cash equivalents5076141,0211,6201,0718051,4901,3153,4762,5372,3552,6873,1923,5103,3163,8214,2394,4244,299
Other assetsn/a23,79730,77334,61033,50736,63541,54439,98137,17839,88537,57237,93340,36738,52939,66243,46950,44051,92457,631
Total assetsn/a24,83832,23036,69335,69737,94243,52041,78341,09042,85240,34440,96944,00042,51643,41247,77255,14756,80262,646
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F
JPY billion, at each fiscal year end.
Read moreBoth totals are the company's own; other liabilities and other assets are each total less the rows shown. Borrowings is the company's own stated total where it files one; it is never added up from its parts here.

Ratios on the filed lines

Year toMar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018 †Mar 2019Mar 2020Mar 2021 †Mar 2022 †Mar 2023 †Mar 2024Mar 2025Mar 2026
Net marginn/an/an/an/an/an/an/an/an/an/a14.7%-8.9%16.6%11.0%10.5%6.8%10.5%18.0%16.8%
Free cash flow marginn/an/an/an/an/an/an/an/an/an/a-48.9%-60.5%-17.0%39.4%-71.7%-63.4%-0.8%-45.9%-55.4%
Return on year-end equity-3.4%-46.0%3.2%1.4%0.5%4.7%8.5%8.3%4.9%8.6%8.0%-3.8%8.2%5.7%4.9%2.9%5.0%9.8%9.8%
Effective tax raten/an/a38.8%55.7%72.6%66.0%41.4%37.5%12.2%25.4%31.8%n/a10.7%32.1%36.2%32.2%34.0%26.3%31.1%
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F

Arithmetic on the filed lines of the same year: margins over revenue, return on equity as profit attributable to shareholders over year-end equity, tax over profit before tax.

Questions

What was Nomura Holdings' revenue in the year to 31 March 2026?

Nomura Holdings (NMR) reported revenue of JPY 2.16 trillion for the year to 31 March 2026, up 14.0% on the year before.

How much did Nomura Holdings earn in the year to 31 March 2026?

Profit attributable to shareholders was JPY 362 billion for the year to 31 March 2026, and diluted earnings per share JPY 118.99.

What is Nomura Holdings' P/E ratio?

At the close of 10 November 2026, Nomura Holdings traded at 12.6 times its earnings for the year to 31 March 2026.

What is Nomura Holdings' market cap?

The market cap of Nomura Holdings was $27.6 billion at the close of 10 November 2026.

Peers: Trading

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Morgan Stanley MS$293.6 billion14.8917.5%n/a16.2%3.322.2%
Goldman Sachs Group Inc. GS$262.7 billion13.0917.7%n/a18.7%3.562.0%
BlackRock, Inc. BLK$189.0 billion27.7911.9%32.5%24.7%0.221.8%
Charles Schwab Corp. SCHW$160.6 billion15.8820.7%n/a18.1%0.461.3%
Robinhood Markets, Inc. HOOD$73.2 billion37.4819.7%45.7%20.9%0.26n/a
Interactive Brokers Group, Inc. IBKR$35.2 billion29.8318.9%n/a19.7%n/a0.4%
Raymond James Financial Inc. RJF$32.3 billion14.6518.2%n/a10.5%0.071.2%
Nomura Holdings Inc. NMR *$27.6 billion12.639.8%n/a14.0%n/a4.3%
SEI Investments Co. SEIC$13.1 billion19.2028.3%29.4%12.8%0.010.9%
Stifel Financial Corp. SF$11.7 billion12.5816.1%n/a10.9%0.101.8%
Jefferies Financial Group Inc. JEF$11.0 billionn/a8.3%n/a17.7%1.723.3%
Freedom Holding Corp. FRHC$10.2 billionn/an/an/an/an/an/a
All 181 in Trading
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Morgan Stanley MS$293.6 billion14.8917.5%n/a16.2%3.322.2%
Goldman Sachs Group Inc. GS$262.7 billion13.0917.7%n/a18.7%3.562.0%
BlackRock, Inc. BLK$189.0 billion27.7911.9%32.5%24.7%0.221.8%
Welltower Inc. WELL$181.3 billion107.213.4%-1.9%39.2%0.401.2%
Charles Schwab Corp. SCHW$160.6 billion15.8820.7%n/a18.1%0.461.3%
Prologis, Inc. PLD$123.6 billion28.727.6%54.8%7.2%0.663.2%
CME Group Inc. CME$110.8 billion25.3516.8%65.7%9.0%0.133.7%
Equinix Inc. EQIX$104.0 billion63.0811.3%22.5%11.1%1.571.9%
Intercontinental Exchange, Inc. ICE$98.4 billion24.0613.9%40.6%12.1%0.781.2%
Blackstone Inc. BX$93.1 billion27.2340.2%47.9%22.1%1.533.8%
KKR & Co. Inc. KKR$90.4 billion29.4111.3%n/a19.8%1.750.8%
American Tower Corp. AMT$88.3 billion26.8494.2%44.8%5.3%10.693.7%
Brookfield Asset Management Ltd. BAM$85.5 billionn/an/a57.8%47.9%0.363.6%
Simon Property Group Inc. SPG$75.8 billion16.92110.4%45.9%16.2%6.963.8%
Robinhood Markets, Inc. HOOD$73.2 billion37.4819.7%45.7%20.9%0.26n/a
Apollo Global Management, Inc. APO$72.5 billionn/a-5.8%9.8%12.2%0.921.7%
Digital Realty Trust, Inc. DLR$67.8 billion75.693.3%16.2%20.0%0.69n/a
Public Storage PSA$62.8 billion35.1713.1%34.5%5.2%0.843.6%
Nasdaq, Inc. NDAQ$61.4 billion30.0517.4%29.7%11.9%0.731.1%
Realty Income Corp. O$56.6 billion41.073.4%20.5%10.8%0.795.4%
Vivmark Residential VMRK$50.9 billion243.59-0.4%-5.5%15.6%0.474.3%
Ventas, Inc. VTR$47.8 billion170.471.7%3.2%22.1%0.792.3%
Ameriprise Financial Inc. AMP$45.2 billion11.7081.4%26.8%10.0%1.17n/a
Ares Management Corp. ARES$43.7 billionn/a11.3%17.7%7.6%2.033.7%
Crown Castle Inc. CCI$38.1 billion47.04n/a47.1%-15.7%n/a4.8%
Cboe Global Markets, Inc. CBOE$38.1 billion25.9325.0%36.4%14.3%0.240.8%
Interactive Brokers Group, Inc. IBKR$35.2 billion29.8318.9%n/a19.7%n/a0.4%
Extra Space Storage Inc. EXR$33.2 billion32.318.1%43.8%4.1%1.044.1%
Iron Mountain Inc. IRM$33.0 billion72.46n/a19.5%17.5%n/a3.1%
Raymond James Financial Inc. RJF$32.3 billion14.6518.2%n/a10.5%0.071.2%
Tradeweb Markets Inc. TW$30.1 billion30.4313.7%44.1%14.4%0.000.4%
Nomura Holdings Inc. NMR *$27.6 billion12.639.8%n/a14.0%n/a4.3%
Vici Properties Inc. VICI$27.5 billion11.478.1%n/a4.7%0.587.2%
LPL Financial Holdings Inc. LPLA$24.0 billion17.7024.0%9.2%31.0%1.340.4%
T. Rowe Price Group, Inc. TROW$23.6 billion11.2119.2%32.0%6.9%0.004.7%
Royal Gold Inc. RGLD$23.2 billion27.6810.8%62.0%105.2%0.020.7%
SBA Communications Corp. SBAC$20.0 billion20.64n/a47.7%2.3%n/a2.5%
Texas Pacific Land Corp. TPL$18.9 billion32.2732.6%75.5%25.3%0.000.8%
TPG Inc. TPG$18.8 billion62.036.8%n/a18.8%0.574.6%
Franklin Templeton Inc. BEN$18.6 billion18.339.0%12.5%7.3%0.223.6%
Host Hotels & Resorts, Inc. HST$17.8 billion18.9314.8%14.8%5.0%0.805.8%
Essex Property Trust, Inc. ESS$17.8 billion51.216.6%29.5%4.5%1.253.7%
Pershing Square Inc. PS$17.7 billionn/a-9.0%0.2%n/a0.21n/a
Kimco Realty Corp. KIM$17.1 billion24.007.4%40.1%3.5%0.834.1%
Lamar Advertising Co. LAMR$16.6 billion28.8155.8%32.1%5.1%3.394.1%
Blue OWL Capital Inc. OWL$16.0 billion72.894.9%-105.8%119.9%1.898.4%
W. P. Carey Inc. WPC$15.0 billion22.537.4%43.8%9.0%1.005.7%
Weyerhaeuser Co. WY$14.9 billion32.754.8%11.7%-1.1%0.574.1%
Omega Healthcare Investors Inc. OHI$14.8 billion19.5613.8%73.4%14.0%0.735.5%
Carlyle Group Inc. CG$14.8 billion44.385.4%16.6%-7.6%0.463.4%
Annaly Capital Management Inc. NLY$14.7 billion13.087.1%n/a28.4%2.4315.0%
Sun Communities Inc. SUI$14.3 billionn/a-14.7%4.2%2.9%0.723.7%
Healthpeak Properties, Inc. DOC$14.1 billion37.834.8%4.0%9.4%1.196.0%
Regency Centers Corp. REG$14.0 billion27.347.7%72.0%8.4%0.723.9%
Mid-America Apartment Communities, Inc. MAA$13.8 billion36.037.3%n/a1.0%1.105.1%
American Healthcare REIT, Inc. AHR$13.7 billion121.201.7%20.2%21.5%0.251.7%
SEI Investments Co. SEIC$13.1 billion19.2028.3%29.4%12.8%0.010.9%
Invesco Ltd. IVZ$12.7 billionn/a-2.5%-4.5%13.7%0.102.9%
Equity Lifestyle Properties Inc. ELS$12.2 billion30.8823.1%26.1%3.2%1.893.4%
Udr, Inc. UDR$11.8 billion17.3022.3%52.2%0.6%1.844.7%
American Homes 4 Rent AMH$11.7 billion26.886.7%15.2%3.5%0.773.9%
Stifel Financial Corp. SF$11.7 billion12.5816.1%n/a10.9%0.101.8%
Gaming & Leisure Properties, Inc. GLPI$11.4 billion12.0018.9%79.1%7.3%1.638.2%
Evercore Inc. EVR$11.2 billion16.2039.2%21.3%36.6%0.281.2%
Jefferies Financial Group Inc. JEF$11.0 billionn/a8.3%n/a17.7%1.723.3%
Eastgroup Properties Inc. EGP$10.7 billion33.678.9%40.8%10.4%0.513.2%
Houlihan Lokey, Inc. HLI$10.3 billion24.8417.5%20.3%-0.4%0.001.8%
Janus Living, Inc. JAN$10.2 billionn/a0.2%n/an/a0.00n/a
Freedom Holding Corp. FRHC$10.2 billionn/an/an/an/an/an/a
Bxp, Inc. BXP$10.1 billion19.0210.3%29.2%2.7%3.204.4%
CubeSmart CUBE$10.1 billion29.8114.0%40.8%3.3%1.434.7%
CareTrust REIT, Inc. CTRE$10.0 billion24.426.8%54.6%43.6%0.393.9%
Camden Property Trust CPT$10.0 billion9.3124.6%n/a-1.0%0.934.2%
Affiliated Managers Group, Inc. AMG$9.9 billion14.0129.1%15.7%14.5%1.130.0%
Federal Realty Investment Trust FRT$9.8 billion22.7513.6%47.7%7.8%1.504.0%
Ryman Hospitality Properties, Inc. RHP$9.6 billion33.4720.2%19.6%12.9%3.403.5%
Brixmor Property Group Inc. BRX$9.3 billion22.1414.1%n/a5.7%1.764.1%
Morningstar, Inc. MORN$9.1 billion21.5243.4%24.5%9.4%1.640.8%
Agree Realty Corp. ADC$9.1 billion36.013.5%48.9%17.7%0.543.8%
Virtu Financial, Inc. VIRT$9.0 billion8.4831.1%32.4%26.1%2.381.7%
Rexford Industrial Realty, Inc. REXR$8.2 billionn/a-6.4%39.8%-2.0%0.394.6%
NNN REIT, Inc. NNN$8.1 billion19.888.7%62.9%7.3%1.105.8%
Lineage, Inc. LINE$7.9 billionn/a-2.9%1.4%-0.1%0.896.1%
Victory Capital Holdings, Inc. VCTR$7.8 billion23.2518.8%40.4%36.9%0.401.5%
Alexandria Real Estate Equities, Inc. ARE$7.8 billionn/a-9.7%-85.8%-9.9%0.876.4%
InterDigital, Inc. IDCC$7.5 billion32.2125.2%45.1%-12.0%0.251.0%
First Industrial Realty Trust Inc. FR$7.3 billion20.4312.9%41.6%8.5%0.963.5%
Macerich Co. MAC$7.3 billionn/a-3.6%-12.0%-1.3%1.902.7%
Stag Industrial, Inc. STAG$7.2 billion26.517.4%37.7%9.3%0.944.1%
StoneX Group Inc. SNEX$6.8 billion9.8218.5%n/a48.7%6.97n/a
Vornado Realty Trust VNO$6.6 billionn/a0.2%n/a1.6%1.272.1%
Healthcare Realty Trust Inc. HR$6.6 billionn/a-1.1%n/a-5.8%1.045.0%
Rayonier Inc. RYN$6.4 billion37.033.0%12.0%24.1%0.354.9%
Essential Properties Realty Trust, Inc. EPRT$6.2 billion22.825.8%60.6%20.4%0.664.5%
Dolby Laboratories, Inc. DLB$6.1 billion27.518.8%17.7%0.6%0.002.2%
StepStone Group Inc. STEP$5.9 billionn/an/a-25.4%51.6%n/a3.0%
Marketaxess Holdings Inc. MKTX$5.8 billion20.2122.9%39.1%3.9%0.071.9%
Outfront Media Inc. OUT$5.8 billion22.5236.6%20.7%9.1%3.593.7%
SSR Mining Inc. SSRM$5.6 billion23.907.7%40.9%39.4%0.00n/a
Sabra Health Care REIT, Inc. SBRA$5.6 billion76.162.5%n/a23.4%0.865.6%
Galaxy Digital Inc. GLXY$5.4 billionn/a-27.2%-3.2%-19.6%3.30n/a
Hamilton Lane Inc. HLNE$5.4 billion14.2828.2%43.7%18.9%0.27n/a
Phillips Edison & Company, Inc. PECO$5.3 billion28.617.5%n/a7.0%1.055.5%
BGC Group, Inc. BGC$5.2 billion22.5722.3%5.1%22.9%1.630.7%
Rithm Capital Corp. RITM$5.2 billionn/an/an/an/a3.5010.8%
Kite Realty Group Trust KRG$5.1 billion15.9612.4%17.4%-7.3%1.024.5%
Howard Hughes Holdings Inc. HHH$5.1 billion33.474.3%18.1%42.8%1.44n/a
HA Sustainable Infrastructure Capital, Inc. HASI$5.0 billion40.595.5%n/a22.6%2.364.3%
Cousins Properties Inc. CUZ$4.9 billion328.780.3%68.3%8.5%0.804.3%
Federated Hermes, Inc. FHI$4.8 billion11.8532.5%27.8%13.2%0.272.2%
Apple Hospitality REIT, Inc. APLE$4.8 billion25.545.9%18.3%3.2%0.474.8%
EPR Properties EPR$4.7 billion17.2912.7%59.0%7.3%1.436.0%
Americold Realty Trust COLD$4.6 billion19.437.9%15.1%1.3%1.035.7%
Tanger Inc. SKT$4.6 billionn/an/an/an/a2.44n/a
Lazard, Inc. LAZ$4.5 billion24.8719.5%8.1%9.2%1.784.9%
Piper Sandler Companies PIPR$4.5 billion15.7021.9%n/a21.1%n/a3.0%
Starwood Property Trust, Inc. STWD$4.3 billionn/a-4.0%-12.7%14.4%3.4016.1%
Kilroy Realty Corp. KRC$4.2 billion149.440.6%n/a-3.6%0.846.0%
PJT Partners Inc. PJT$3.8 billion22.1452.5%20.5%10.2%0.000.6%
Cohen & Steers, Inc. CNS$3.8 billion22.6027.8%32.4%8.6%0.003.6%
Copt Defense Properties CDP$3.7 billion22.1811.0%30.2%7.2%1.673.9%
LXP Industrial Trust LXP$3.6 billion31.545.9%15.9%-3.5%0.664.5%
Miami International Holdings, Inc. MIAX$3.6 billion13.2324.3%10.9%n/a0.00n/a
SL Green Realty Corp. SLG$3.6 billionn/a-3.7%61.7%9.7%1.255.2%
Independence Realty Trust, Inc. IRT$3.5 billion57.881.8%16.6%3.1%0.724.7%
Acadian Asset Management Inc. AAMI$3.4 billion28.64n/a25.5%27.9%n/a0.3%
Highwoods Properties, Inc. HIW$3.4 billion18.507.8%67.2%5.4%1.486.4%
Broadstone Net Lease, Inc. BNL$3.4 billion23.495.1%46.0%8.0%1.016.5%
National Health Investors Inc. NHI$3.3 billion4.7633.4%n/a28.2%0.505.5%
Artisan Partners Asset Management Inc. APAM$3.3 billion9.4269.7%33.4%8.7%0.437.8%
WisdomTree, Inc. WT$3.1 billion29.2424.8%39.9%45.2%2.380.6%
DiamondRock Hospitality Co. DRH$3.0 billion18.6210.7%16.6%2.1%0.712.8%
Acadia Realty Trust AKR$2.7 billion70.932.0%53.3%-0.3%0.784.0%
CoreCivic, Inc. CXW$2.7 billion2.0463.5%9.9%26.9%0.28n/a
Four Corners Property Trust, Inc. FCPT$2.6 billion21.597.3%n/a10.2%0.966.2%
InvenTrust Properties Corp. IVT$2.5 billion86.811.6%-7.7%12.6%0.583.1%
Pebblebrook Hotel Trust PEB$2.5 billionn/a-2.9%3.1%2.8%0.890.2%
LTC Properties Inc. LTC$2.4 billion4.6630.8%58.5%70.4%0.605.1%
Netstreit Corp. NTST$2.4 billion85.951.1%32.5%27.1%0.604.7%
SmartStop Self Storage REIT, Inc. SMA$2.1 billion66.592.9%22.9%20.7%1.00n/a
RLJ Lodging Trust RLJ$2.0 billion128.851.7%10.0%4.1%1.034.5%
Diversified Healthcare Trust DHC$1.8 billionn/a-9.9%-2.3%-3.8%1.600.5%
Douglas Emmett Inc. DEI$1.7 billionn/a-1.1%18.8%1.8%3.147.6%
CBL & Associates Properties Inc. CBL$1.6 billion10.6736.4%29.5%7.9%4.80n/a
Global Net Lease, Inc. GNL$1.5 billionn/a-3.4%37.9%-21.8%1.7811.0%
American Assets Trust, Inc. AAT$1.3 billion61.571.9%23.6%1.1%1.526.3%
Alexanders Inc. ALX$1.3 billion6.7183.9%n/a8.2%3.677.2%
UMH Properties, Inc. UMH$1.3 billion298.000.5%n/a8.5%0.976.0%
Medical Properties Trust Inc. MPT$1.1 billion4.455.4%3.7%10.5%2.0019.7%
Ridgepost Capital, Inc. RPC$1.1 billion31.716.8%27.2%8.2%0.921.5%
Easterly Government Properties, Inc. DEA$1.1 billion77.671.1%23.9%11.4%1.288.0%
Oppenheimer Holdings Inc. OPY$979 million12.308.7%7.2%13.9%n/a0.8%
Centerspace CSR$962 million10.7011.5%56.1%-6.0%1.025.4%
Orchid Island Capital, Inc. ORC$954 million98.00-0.5%95.7%74.8%9.2126.9%
Abacus Global Management, Inc. ABX$888 million33.896.5%31.8%65.3%0.76n/a
Digital Turbine, Inc. APPS$882 millionn/a-2.6%11.5%21.6%1.80n/a
Virtus Investment Partners, Inc. VRTS$864 million8.1511.6%14.5%-8.2%0.437.3%
Empire State Realty Trust, Inc. ESRT$825 millionn/a-0.2%-4.9%1.7%2.172.7%
Summit Hotel Properties, Inc. INN$802 millionn/a-2.5%9.9%2.4%1.654.3%
CTO Realty Growth, Inc. CTO$792 million17.926.5%37.5%15.9%1.05n/a
Postal Realty Trust, Inc. PSTL$761 million39.884.7%38.2%22.3%0.944.3%
Chatham Lodging Trust CLDT$759 million101.842.2%13.4%3.8%0.562.4%
Safehold Inc. SAFE$730 million6.414.7%24.9%16.5%1.956.9%
JBG Smith Properties JBGS$726 millionn/a-20.4%0.8%3.0%2.545.7%
Saul Centers, Inc. BFS$715 million31.3211.6%66.7%9.2%5.588.2%
Service Properties Trust SVC$711 million14.80-65.1%-6.1%-15.6%6.352.7%
PennyMac Mortgage Investment Trust PMT$686 million17.114.6%22.3%-11.5%1.7920.3%
Chimera Investment Corp. CIM$584 millionn/a-7.9%n/a12.4%4.0924.6%
Universal Health Realty Income Trust UHT$539 million26.7614.5%35.9%-0.0%2.847.7%
Brandywine Realty Trust BDN$526 millionn/a-21.5%19.0%3.5%3.7310.3%
TPG RE Finance Trust, Inc. TRTX$497 million16.794.4%n/a-2.4%4.1014.7%
Franklin BSP Realty Trust, Inc. FBRT$483 millionn/a1.4%n/a16.4%2.9215.0%
One Liberty Properties Inc. OLP$447 million18.708.6%48.3%10.7%1.838.5%
BrightSpire Capital, Inc. BRSP$408 million23.362.2%27.0%2.5%2.9819.6%
Industrial Logistics Properties Trust ILPT$405 millionn/a-14.9%33.7%3.5%9.854.1%
NexPoint Residential Trust, Inc. NXRT$403 millionn/a-16.6%10.6%0.7%7.2413.4%
Farmland Partners Inc. FPI$369 million54.942.3%12.4%-5.6%0.5615.8%
Apollo Commercial Real Estate Finance Liquidating Trust ARI$297 million2.9010.5%35.1%-14.7%n/a43.1%
Arbor Realty Trust Inc. ABR$274 millionn/a-4.2%n/a-12.9%4.4163.9%
Mesabi Trust MSB$226 million34.7836.9%n/a-87.6%0.00n/a
North European Oil Royalty Trust NRT$64 millionn/an/an/an/an/an/a
18 companies share its SEC industry code (Security Brokers, Dealers & Flotation Companies); the rest are the names nearest in size in its wider industry, Trading, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Annual reports on EDGAR

FormYear toFiled
20-F31 March 202622 June 2026EDGAR