REITwave
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Deep Value Arbitrage • Deep Value Turnaround Target

Trophy Class-A Office REITs: Premier CBD Towers at Deep NAV Discounts

Brand-new modern headquarters buildings benefiting from the corporate flight-to-quality.

While older suburban office buildings struggle, newly built trophy towers command record rents from financial and legal firms. Many office REITs trade at 30% to 50% discounts to private market replacement cost.

Collection Average Yield 8.69%
Average Safety Score 52.0 / 100
Constituent Count 5 REITs
Audit Year 2026

Ranked Institutional Leaderboard

Real-time quantitative scoring • SEC EDGAR
BXP
Premier Office
#1 Ranked
BXP, Inc.
Yield 8.21%
Safety 52/100
P/AFFO 9.5x
BXP, Inc. is a publicly traded real estate investment trust specializing in Premier Office properties....
SLG
NYC Commercial Office
#2 Ranked
SL GREEN REALTY CORP
Yield 10.51%
Safety 40/100
P/AFFO 8.0x
SL GREEN REALTY CORP is a publicly traded real estate investment trust specializing in NYC Commercial Office properties....
VNO
NYC Commercial Office
#3 Ranked
VORNADO REALTY TRUST
Yield 10.49%
Safety 40/100
P/AFFO 8.0x
VORNADO REALTY TRUST is a publicly traded real estate investment trust specializing in NYC Commercial Office properties....
HIW
Sunbelt Office
#4 Ranked
HIGHWOODS PROPERTIES, INC.
Yield 9.11%
Safety 48/100
P/AFFO 8.8x
HIGHWOODS PROPERTIES, INC. is a publicly traded real estate investment trust specializing in Sunbelt Office properties....
KRC
West Coast Office
#5 Ranked
KILROY REALTY CORP
Yield 5.15%
Safety 80/100
P/AFFO 14.0x
KILROY REALTY CORP is a publicly traded real estate investment trust specializing in West Coast Office properties....