September 26, 2025
Most Popular ASX REITs on Superhero (2025)
Property has always been part of the Australian investing story. But instead of saving up to buy a whole building, more and more investors are using real estate investment trusts (REITs) to access the market through the ASX. REITs pool investor money to buy and manage property portfolios, from shopping centres and warehouses to hospitals…
Property has always been part of the Australian investing story. But instead of saving up to buy a whole building, more and more investors are using real estate investment trusts (REITs) to access the market through the ASX.
REITs pool investor money to buy and manage property portfolios, from shopping centres and warehouses to hospitals and farmland. They pay out much of their income as dividends, making them a common choice for those chasing exposure to property and steady distributions.
On Superhero, investors are backing a wide mix of REITs – from global giants like Goodman to niche funds that target agriculture or retirement living.
What Are REITs?
A Real Estate Investment Trust (REIT) is a listed vehicle that pools money from investors to buy and manage income-producing property. Rather than owning an entire building, investors can buy units in a REIT and get exposure to the rental income it generates.
REITs can cover all kinds of sectors — from warehouses and shopping centres to farmland and healthcare. Many of them pay out a large share of their income as dividends, making them a popular way to access property markets through the share market.
Now let’s look at the top 10 most popular ASX REITs on Superhero and why they’re on so many investor radars.
👉Learn more about what REITs are and how they work.
📌 This list is based on the top 10 most traded ASX-listed REITs on Superhero year-to-date (up to September 2025) and may not reflect broader market trends.
This article reflects information accurate as of 25 September 2025.
Top 10 Most Popular ASX-Listed REITs on Superhero
1. Goodman Group (ASX: GMG)
- Market cap (Sept 2025): ~A$69 billion
- Dividend yield: ~0.88%
If you’ve ever ordered something online, there’s a good chance it passed through a Goodman warehouse. Its warehouses and logistics hubs form the backbone of supply chains for companies like Amazon, DHL and other e-commerce players. With operations across 14 countries, Goodman has become one of the world’s largest industrial landlords.
Unlike smaller REITs, Goodman doesn’t just collect rent – it also develops and manages properties, giving it control across the whole lifecycle. Beyond logistics, Goodman is rapidly expanding into data centres to support demand from global cloud providers, putting it at the centre of two global growth themes: online shopping and cloud computing.
Goodman is structured as a stapled security combining Goodman Limited, Goodman Industrial Trust and Goodman Logistics (HK). Investors hold all three entities under a single GMG security. With its scale and forward-looking strategy, Goodman has become a heavyweight in any REIT conversation.
2. Rural Funds Group (ASX: RFF)
- Market cap (Sept 2025): ~A$760 million
- Dividend yield: ~6.6%
RFF proves that REITs aren’t limited to office towers and malls. It owns farmland – cattle, cropping land, vineyards and macadamia orchards – and leases it back to farmers through long-term contracts.
Agriculture is often less tied to economic cycles than commercial property, making RFF a unique play on Australia’s food production. With exposure to essential commodities and exports, RFF taps into long-term demand for agricultural land while offering investors steady rental income.
3. Vanguard Australian Property Securities Index ETF (ASX: VAP)
- Market cap (Sept 2025): ~A$3.28 billion
- Dividend yield: ~4.2%
VAP takes the guesswork out of choosing a REIT. It’s an ETF that tracks the S&P/ASX 300 A-REIT Index, holding a basket of the largest property trusts including Goodman, Mirvac, Scentre and Vicinity.
For investors, VAP is a one-trade way to access the whole REIT sector. Instead of picking winners and losers, it spreads across retail, industrial, office and diversified landlords. That makes it a popular choice for those who want broad exposure to property without managing multiple holdings.
4. Qualitas Real Estate Income Fund (ASX: QRI)
- Market cap (Sept 2025): ~A$993 million
- Dividend yield: ~6.4%
QRI stands out because it doesn’t own property at all. Instead, it acts like a bank to the property sector, lending money to developers and commercial borrowers. In return, it earns interest secured against real estate.
This credit-style model gives investors access to private debt markets that are usually out of reach for individuals. With one of the higher yields in the REIT space, QRI is often seen as a way to add income to a portfolio – though its risks differ from traditional landlords.
5. HMC Capital (ASX: HMC)
- Market cap (Sept 2025): ~A$1.38 billion
- Dividend yield: ~3.1%
HMC Capital doesn’t just own property – it manages it. The group runs listed REITs like HealthCo and HomeCo (both also in this list), plus a suite of unlisted funds. Its portfolio covers retail, healthcare and alternative assets.
In recent years, HMC has pushed into new sectors like energy transition and private equity, making it more of a diversified asset manager than a pure landlord. That ability to blend property with other alternative assets has helped HMC stand out among ASX-listed property groups.
6. HealthCo Healthcare & Wellness REIT (ASX: HCW)
- Market cap (Sept 2025): ~A$393 million
- Dividend yield: ~4.2%
HCW is all about healthcare real estate. Its portfolio includes hospitals, aged care, primary care clinics and wellness facilities. These assets are tied to long-term demographic shifts, including an ageing population and rising demand for medical services.
Healthcare property is often considered more resilient than retail or office real estate because demand for medical care doesn’t disappear during economic downturns. At the same time HCW’s performance depends on the strength of its tenants, such as private hospital operators like Healthscope, meaning operator risk can also play a role.
7. HomeCo Daily Needs REIT (ASX: HDN)
- Market cap (Sept 2025): ~A$2.87 billion
- Dividend yield: ~6.8%
HDN owns a portfolio of convenience-focused shopping centres anchored by supermarkets, pharmacies and medical services. These assets are designed to service “daily needs” – things people buy regardless of economic conditions.
That focus gives HDN a buffer against downturns, making it different from mall-based landlords that rely on discretionary spending. Its high-yield profile and defensive tenant mix have helped make it one of the most traded REITs on the ASX.
8. Centuria Office REIT (ASX: COF)
- Market cap (Sept 2025): ~A$734 million
- Dividend yield: ~8.9%
COF is the largest pure-play office REIT on the ASX, with buildings across capital city CBDs and metro areas. Its tenants include government agencies and major corporates, giving it a diverse lease base.
The office sector is under pressure from hybrid working trends, but COF continues to attract attention thanks to its high yields and scale. For investors, it’s one of the few ways to get direct listed exposure to office property in Australia.
9. Arena REIT (ASX: ARF)
- Market cap (Sept 2025): ~A$1.59 billion
- Dividend yield: ~4.9%
Arena REIT focuses on social infrastructure, owning properties in early learning, childcare and healthcare. Its tenants are often long-term operators backed by government funding, which can provide more stable rental income streams.
This social infrastructure focus sets Arena apart from traditional retail or office landlords. By combining defensive sectors like education and healthcare, ARF offers exposure to property tied to essential services rather than discretionary demand.
10. Centuria Industrial REIT (ASX: CIP)
Market cap (Sept 2025): ~A$2.2 billion
Dividend yield: ~5.2%
CIP is Australia’s largest pure-play industrial REIT with a portfolio of warehouses, logistics hubs and manufacturing facilities spread across key urban markets. Its tenants include transport operators, retailers and manufacturers.
Industrial property has been one of the strongest-performing real estate sectors thanks to the rise of e-commerce and supply-chain demand. CIP gives investors a way to tap into that theme locally, making it a standout among ASX-listed REITs.
Final Thoughts
The most popular ASX REITs on Superhero highlight the breadth of Australia’s listed property market. From Goodman’s global logistics empire to RFF’s farmland, HCW’s hospitals and Arena’s childcare centres, investors are finding different ways to access property through the share market.
That’s the beauty of REITs – they open up real estate as an asset class to everyday investors. Instead of needing millions to buy a building, you can gain exposure to commercial property with just a few clicks.
FAQs About REITs
This article reflects information accurate as of 25 September 2025.
The specific rankings of shares on a trading platform like Superhero are proprietary and not publicly available. This guide is based on general market trends and widely held stocks among retail investors as of late 2025.
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