17 World’s Biggest Real Estate Companies- According to Annual Report of Real Estate companies in 2021, there are 17 World’s Biggest Real Estate Companies. Basically, Real estate also refers to legal terms relating to a plot of land and its environment, as well as the buildings and projects that are on the land. In This world, many companies have business in real estate’s industries. They have some unique products and services in this sector. Although there are millions of companies in real estate’s industries, but just few of them has become the leader on real estate industries.
Commonly, real estate can be classified broadly into 3 clusters, namely residential, Commercials, and Industrial. Firstly, Residential is a building that is constructed for residence, for example for housing, flats, and condominiums. Secondly, Commercial is real estate that aim for commercial purposes and for profit. Some examples of commercial real estate are office buildings, warehouses, hotels. Thirdly, Industrial is a business sector attached to land. Some examples of these industries, namely The plantation sector, in this case also includes mining and forestry and others.
The Rank of World’s Biggest Real Estate Companies Based on Assets
| Rank | Name of Real Estate Companies | Assets | Assets | Liabilities | Liabilities |
|---|---|---|---|---|---|
| in Million Origin Currency | US Dollar($) in millions | in Million Origin Currency | US Dollar($) in millions | ||
| 1 | CK Asset Holdings Limited | USD 57,6711 | 576,711 | USD 247,436 | 247,436 |
| 2 | Country Garden Holdings | RMB 1,938,365 | 271,371 | RMB 1,647,738 | 230,683 |
| 3 | China Resources Land Limited | RMB 949,803 | 132,972 | RMB 657,728 | 92,081 |
| 4 | Longfor Group Holdings | RMB 875,550 | 122,577 | RMB 653,627 | 91,507 |
| 5 | China Merchant Shekou Industrial Zone | RMB 856,203 | 112,868 | RMB 603,189 | 84,446 |
| 6 | Brookfield Asset Management | USD 112,004 | 112,004 | USD 66,999 | 66,999 |
| 7 | Sun Hung Kai Properties Limited | HKD 807,567 | 104,987 | HKD 200,823 | 26,106 |
| 8 | China Vanke Co., Ltd | RMB 508,811 | 71,233 | RMB 350,922 | 49,129 |
| 9 | Mitsui Fudosan | USD 69,930 | 69,930 | USD 45,940 | 45,940 |
| 10 | American Tower Corporation | USD 69,887 | 69,887 | USD 60,818 | 60,818 |
| 11 | Prologis | USD 58,486 | 58,486 | USD 20,744 | 20,744 |
| 12 | Mitsubishi Estate Company | JPY 6,493,917 | 47,405 | JPY 4,257,484 | 31,079 |
| 13 | Crown Castle International | USD 39,040 | 39,040 | USD 30,782 | 30,782 |
| 14 | Simon Property Group | USD 33,777 | 33,777 | USD 29,376 | 29,376 |
| 15 | Poly Developmnet & Holdings Group | HKD 235,690 | 30,639 | HKD 199,172 | 25,892 |
| 16 | Greenland Holdings Group | RMB 168,745 | 23,624 | RMB 145,142 | 20,319 |
| 17 | CBRE Group | USD 22,073 | 22,073 | USD 12,714 | 12,714 |
| Source : Annual Report, 2021 | |||||
| Currency Rate : | |||||
| 1 Renmimbi (RMB) = 0.14 US Dollar (USD) | |||||
| 1 Japanese Yen (JPY) = 0.0073 US Dollar (USD) | |||||
| 1 Hongkong Dollar (HKD) = 0.13 US Dollar (USD) | |||||
The rank above was arranged by Assets that company has owned in 2021. This data came from Balance Sheet, Annual Report of the real estate companies in 2021. Balance sheet basically is the financial sheet that describes the financial positions of a company in specific time (annual/ quarter period). In detail, balance sheets consist of assets, liabilities, and equities. Commonly, assets is the physical and non-physical or current and non-current properties that company had owned while they run their business. Secondly, liabilities are the debt or obligations that company must be pay off in the future. Lastly, Equities are difference value between assets and liabilities.
The Rank of World’s Biggest Real Estate Companies Based on Net Income
| Rank | Name of Real Estate Companies | Revenue | Revenue | Net Income | Net Income |
|---|---|---|---|---|---|
| in Million Origin Currency | US Dollar($) in millions | in Million Origin Currency | US Dollar($) in millions | ||
| 1 | CK Asset Holdings Limited | USD 62,094 | 62,094 | USD 21,943 | 21,943 |
| 2 | Country Garden Holdings | RMB 523,064 | 73,228 | RMB 40,982 | 5,737 |
| 3 | China Vanke Co., Ltd | RMB 452,797 | 63,417 | RMB 38,069 | 5,329 |
| 4 | China Resources Land Limited | RMB 212,108 | 29,695 | RMB 37,395 | 5,235 |
| 5 | Longfor Group Holdings | RMB 223,375 | 31,272 | RMB 31,788 | 4,450 |
| 6 | Brookfield Property Partners | USD 7,100 | 7,100 | USD 3,499 | 3,499 |
| 7 | Sun Hung Kai Properties Limited | HKD 77,747 | 10,107 | HKD 26,131 | 3,397 |
| 8 | Prologis | USD 4,759 | 4,759 | USD 3,148 | 3,148 |
| 9 | American Tower Corporation | USD 9,356 | 9,356 | USD 2,567 | 2,567 |
| 10 | Simon Property Group | USD 5,116 | 5,116 | USD 2,246 | 2,246 |
| 11 | CBRE Group | USD 27,746 | 27,746 | USD 1,841 | 1,841 |
| 12 | China Merchant Shekou Industrial Zone | RMB 150,963 | 21,234 | RMB 10,372 | 1,452 |
| 13 | Mitsubishi Estate Company | JPY 1,349,489 | 9,851 | JPY 182,889 | 1,335 |
| 14 | Mitsui Fudosan | USD 18,133 | 18,133 | USD 1,171 | 1,171 |
| 15 | Crown Castle International | USD 6,340 | 6,340 | USD 1,096 | 1,096 |
| 16 | Greenland Holdings Group | RMB 33,926 | 4,749 | RMB 2,433 | 340 |
| 17 | Poly Developmnet & Holdings Group | HKD 36,512 | 4,746 | HKD 2,606 | 338 |
| Source : Annual Report, 2021 | |||||
| Currency Rate : | |||||
| 1 Renmimbi (RMB) = 0.14 US Dollar (USD) | |||||
| 1 Japanese Yen (JPY) = 0.0073 US Dollar (USD) | |||||
| 1 Hongkong Dollar (HKD) = 0.13 US Dollar (USD) | |||||
| Origin Currency = Currency Officially Used in Annual | |||||
| US Dollar= Currency that has been Converted from Origin Currency to US Dollar | |||||
The rank above was arranged by net income of the company in 2021. These data came from Income statement, annual report of company in 2021. Income statement is the financial report that describes the business performance of a company in specific year (annual periods). Many people can see the profitability of company’s business. The company’s loss or profits can be looked in the income statement of annual report.
Here is the brief description of 17 World’s Biggest Real Estate Companies. Maybe some of us knows this company because of its product and services. Here is that description of real estate company in 2021.
Brief Description of World’s Biggest Real Estate Companies
1.CK Asset Holdings Limited
CK Asset Holdings Limited is a one of the biggest real estate companies in the world. As one of the biggest property developers in Hong Kong, CK Asset has a leading market share in Hong Kong, Mainland China, Singapore and the United Kingdom. Operationally, this company has main office in Cheung Kong Center, Hong Kong Island, Hong Kong with number of employees around 300 thousand people. In infrastructure sector, this company owns a number of infrastructure companies around the world including Eversholt Rail Group, Australian Gas Networks, UK Power Networks, Northern Gas Networks, Northumbrian Water Group, Park ‘N Fly Airport Parking,
2.Wales & West Utilities, and Power Assets Holdings.
Financially, in 2021, according to its annual report, this company has assets around USD 576,711 Million with liabilities around USD 247,436 Million. Based on the business performance in 2021, the company can generate revenue around USD 62,094 Million with net income around USD 21,943 Million.
3.Country Garden Holdings
Country Garden Holdings is one of the China’s biggest real estate company especially in Residential property. Basically, this Group runs the business in property sectors, construction, interior decoration, property investment. Historically, this company was founded by Yang Guoqiang in 1992 and this company still has main office in Shunde, Guangdong, China with number of employees around 100 thousand people as of 2021.
Financially, this company has assets around RMB 1,938,365 million or equivalent with USD 271,371 Million and Liabilities around RMB 1,647,738 Million or equivalent with USD 247,436 Million. Based on the business performance in 2021, the company can generate revenue around RMB 523,064 Million or equivalent with USD 62,094 Million and Net income around RMB 40,982 Million or equivalent with USD 21,943 Million.
4.China Resources Land Limited
China Resources Land Limited is China based real estate company that has main Office in Shenzhen. Historically, CR was first established as “Liow & Co.” in Hong Kong in 1938 and was later restructured and renamed as China Resources Company in 1948. Operationally, this company has five business areas, including consumer products, healthcare, energy services, urban construction and operation, technology and finance, seven key strategic business units, 19 grade-1 profit centers, about 2,000 business entities, and more than 420,000 employees.
Financially based in the annual report of company in 2021, the company has assets around RMB 949,803 million or equivalent with USD 132,972 Million and Liabilities around RMB 657,728 million or equivalent with USD 92,081 Million. Based on the business performance in 2021, the company can generate revenue around RMB 212,108 Million / USD 29,695 Million with net income around RMB 37,395 Million / USD 5,235 Million.
5.Longfor Group Holdings
Longfor Group Holdings Limited is Real Estate company that was founded in Chongqing in 1993. Operationally, the main business of Longfor includes real estate development, commercial investment, rental housing space service and smart construction.
Financially, in 2021, Longfor Group has assets around RMB 875,550 million or equivalent with USD 122,577 Million and Liabilities around RMB 653,627 million or equivalent with USD 91,507 Million. Based on the business performance in 2021, the company can generate revenue around RMB 223,375 Million / USD 31,272 Million with net income around RMB 31,788 Million / USD 4,450 Million.
6.China Merchant Shekou Industrial Zone
China Merchants Shekou Industrial Zone Holdings Co., Ltd is a subsidiary real estate company under the China Merchants Group, a leading state-owned enterprise under the direct supervision of the central government. Historically, this company was founded in 1979 and still has main office in Shenzhen, China.
Financially, in 2021, China Merchant Shekou Industrial Zone has assets around RMB 856,203 million / USD 112,868 million with liabilities around RMB 603,189 million / USD 84,446 Million. Based on the business performance in 2021, the company can generate revenue around RMB 150,963 million / USD 21,234 million and net income around RMB 10,372 Million / USD 1,452 Million.
7.Brookfield Property Partners
Brookfield Asset Management Inc. is a Canadian multinational company that focuses on direct control investments in real estate, renewable power, infrastructure, credit and private equity. Historically, this company was founded by William Mackenzie and Frederick Stark Pearson in 1899. Operationally, this company has main office in Brookfield Place, Toronto, Ontario, Canada.
Financially, based on the annual report in 2021, Brookfield Property Partners has assets around USD 112,004 Million with liabilities around USD 66,999 Million. Based on the business performance in 2021, in income statement, the company can generate revenue around USD 7,100 million with net income around USD 3,499 million.
8. Sun Hung Kai Properties Limited
Sun Hung Kai Properties Limited is one of the biggest real estate companies in Hong Kong. Basically, The Group specializes in developing premium quality residential projects and owns an extensive network of shopping malls and offices as well as a hotel portfolio and sizeable land bank. Historically, Kwok Tak Seng, Fung King Hey, and Lee Shau Kee founded this company and still has main office in Sun Hung Kai Centre, Wan Chai, Hong Kong.
In the year of 2021, Sun Hung Kai has assets around HKD 875,550 million or equivalent with USD 104,987 Million and liabilities around HKD 200,823 million or equivalent with USD 26,106 Million. Based on the business performance in 2021, the company can generate revenue around HKD 77,747 Million / USD 10,107 Million with Net Income around HKD 26,131 Million / USD 3,397 Million.
9. China Vanke Co., Ltd
Vanke Co.,Ltd. is China-based real estate company that has main office in Dameisha, Yantian District, Shenzhen, Guangdong. Historically, this company was founded in 1984. Nowadays, Vanke has become a leading urban and rural construction and life service provider in China. The company’s business focuses on most dynamic economic circles in the country and some cities in the central and western regions.
Financially, China Vanke in 2021 has good positive performance. Based on the balance sheet in 2021, the company has assets around RMB 508,811 Million or equivalent with USD 71,233 Million and liabilities around RMB 350,922 Million / USD 49,129 Million. In the business performance, the company generated revenue approximately RMB 452,797 million / USD 63,417 Million with net income around RMB 38,069 million / USD 5,329 Million.
10. Mitsui Fudosan
The Mitsui Fudosan Co., Ltd.was Japanese real estate company that has main office in Mitsui Main Building, 2-1-1 Nihonbashi-Muromachi, Chūō, Tokyo, Japan. Historically, this company was founded in 1941 by Takatoshi Mitsui.
Financially, Mutsui Fudosan in 2021 showed some good performance with assets around USD 69,930 Million and liabilities around USD 45,940 Million. Based on the business performance in 2021, the company can generate revenue around USD 18,133 Million and Net Income around USD 1,171 Million.
11. American Tower Corporation
American Tower Corporation is American Real estate Investment company that was founded in 1995. Operationally, this company has main office in Boston, Massachussetts, U.S.A. Financially, American Tower Corporation in 2021 has assets around USD 69,887 Million with liabilities around USD 60,818 Million. Based on the business performance in 2021, the company can generate revenue around USD 9,356 Million with net income around USD 2,567 Million.
12. Prologis
Prologis, Inc. is the global leader in logistics real estate headquartered in San Francisco, California. Historically, Hamid Moghadam, Doug Abbey, and T. Robert Burke founded this company in 1983.Financially, Prologis has the assets around USD 58,486 million with liabilities around USD 20,744 Million. Based on the business performance in 2021, the company can generate the revenue around USD 4,759 Million with net income USD 3,148 Million.
13. Mitsubishi Estate Company
Mitsubishi Estate Co., Ltd. is Japanese-based real estate company that was founded in May 1937. Operationally, this company has main office in Otemachi Building 6-1, Otemachi 1-chome Chiyoda-ku, Tokyo, Japan. Based on its business, this Company’s area of operations is not only in Japan but also in the United States and the United Kingdom and extends to such Asian countries as China, Chinese Taipei, Singapore, Indonesia and Vietnam.
Financially, Mitsubishi Estate Company has assets around JPY 6,493,917 million / USD 47,405 Million and Liabilities around JPY 4,257,484 million / USD 31,079 Million. Based on the business performance in 2021, the Mitsubishi Estate Company can generate revenue around JPY 1,349,489 million / USD 9,851 Million and Net Income JPY 182,889 million / USD 1,335 Million.
14.Crown Castle International
Crown Castle is a real estate investment trust that was founded in 1994. Operationally, this company has main office in Houston, Texas with employees around 4 thousand people. Financially, Crown Castle International has assets around USD 39,040 Million with liabilities around USD 30,782 Million. Based on the business performance in 2021, the Crown Castle International generate revenue USD 6,340 Million and Net Income around USD 1,096 Million.
15.Simon Property Group
Simon Property Group, Inc. is an American real estate investment trust that has main office in Indianapolis, Indiana. Historically, this company was founded in 1993 by Melvin Simon and Herbert Simon. Financially, Simon Property Group has assets around USD 33,777 Million with liabilities around USD 29,376 Million. Based on the business performance in 2021, the company has revenue around USD 5,116 Million and net Income around USD 2,246 Million.
16.Poly Development & Holdings Group
Poly Development is Chinese Real Este Company established in 1992. Based on its business, this company has diversified property including hotels, shopping malls, convention and exhibition centers, stadiums, industrial parks, theme parks, tourism and vacation projects. Historically, Poly Development & Holding Group has assets around HKD 235,690 million / USD 30,639 Million with liabilities around HKD 199,172 million / USD 25,892 Million. Based on the business performance in 2021, the company can generate revenue around HKD 36,512 million / USD 4,746 Million with net income around HKD 2,606 million / USD 338 Million.
17.Greenland Holdings Group
Greenland Holdings Corp., Ltd. known as Greenland Group is a Chinese real estate developer. Historically, this company was founded in 1992 and still has main office in Shanghai, China. Financially, in 2021, Greenland Holding Group has assets around RMB 168,745 million / USD 23,624 Million with Liabilities around RMB 145,142 million / USD 20,319 Million. Based on the business performance in 2021, the company generate revenue around RMB 36,926 million / USD 4,749 Million with Net Income around RMB 2,433 million / USD 340 million.
18.CBRE Group
CBRE Group, Inc. (Coldwell Banker Richard Ellis Group) is an American commercial real estate services and investment firm that has main office Dallas, Texas, U.S. Historically, this company was founded Colber Coldwell, Benjamin Arthur Banker, Richard Ellis in 1906. Financially, in 2021, CBRE Group has assets around USD 22,073 Million with liabilities around USD 12,714 Million. Based on the business performance in 2021, the CBRE Group can generate the revenue around USD 22,746 Million with Net Income around USD 1,841 Million.
Bibliography of 17 World’s Biggest Real Estate Companies
CK Asset Holdings Limited. 2022. Annual Report 2021. Accessed via https://www.ckah.com/eng/investor_relations.html on December 18th, 2022.
Country Garden Holdings. 2022. Annual Report 2021. Accessed via https://www.countrygardenhk.com/en/aboutus on December 18th, 2022.
China Resources Land Limited. 2022. Annual Report 2021. Accessed via https://crland-umb.azurewebsites.net/en/investors/ on December 18th, 2022.
Longfor Group Holdings. 2022. Annual Report 2021. Accessed via https://www.longfor.com/en/investor on December 18th, 2022.
Brookfield Property Partners. 2022. Annual Report 2021. Accessed via https://bpy.brookfield.com/bpy/reports-filings/annual-reports on December 18th, 2022.
Sun Hung Kai Properties Limited. 2022. Annual Report 2021. Accessed via https://www.shkp.com/en-US/investor-relations/disclaimer?destination=/investor-relations/financial-results-reports on December 18th, 2022.
China Vanke Co., Ltd. 2022. Annual Report 2021. Accessed via https://cnold.vanke.com/en/investors.aspx on December 18th, 2022.
Mitsui Fudosan. 2022. Annual Report 2021. Accessed via https://www.mitsuifudosan.co.jp/english/ on December 18th, 2022.
American Tower Corporation. 2022. Annual Report 2021. Accessed via https://www.americantower.com/investor-relations/ on December 18th, 2022.
Prologis. 2022. Annual Report 2021. Accessed via https://ir.prologis.com/investor-overview/default.aspx on December 18th, 2022.
Mitsubishi Estate Company. 2022. Annual Report 2021. Accessed via https://www.mec.co.jp/e/investor/index.html on December 18th, 2022.
Crown Castle International. 2022. Annual Report 2021. Accessed via https://investor.crowncastle.com/ on December 18th, 2022.
Simon Property Group. 2022. Annual Report 2021. Accessed via https://investors.simon.com/ on December 18th, 2022.
Poly Developmnet & Holdings Group. 2022. Annual Report 2021. Accessed via https://www.poly.com.cn/english/1919.html on December 18th, 2022.
Greenland Holdings Group. 2022. Annual Report 2021. Accessed via on December 18th, 2022.
CBRE Group. 2022. Annual Report 2021. Accessed via https://ir.cbre.com/overview/default.aspx on December 18th, 2022.