Rankings · Capital

Share count shrinking fastest

Graded A or B, ranked by how far the number of shares fell over three years. A buyback only shows here when it retires more shares than the company issues.

17 companies meet this test

Figures as of September 30, 2026

#CompanyGradeShare count, 3 yearsFree cash flow yieldMarket value
1AATAMERICAN ASSETS TRUST, INC.B-19.5%7.1%$1.3B
2XHRXenia Hotels & Resorts, Inc.A-19.4%6.8%$1.7B
3PEBPEBBLEBROOK HOTEL TRUSTA-13.5%9.8%$2.1B
4CBRECBRE GROUP, INC.B-11.6%2.5%$37.9B
5CPTCAMDEN PROPERTY TRUSTB+-7.2%8.3%$9.9B
6IRSIRSA Investments and Representations Inc.A+-7.0%1.6%$10.7B
7JLLJONES LANG LASALLE INCA-6.8%7.8%$14.3B
8RLJRLJ LODGING TRUSTA-6.1%10.3%$1.7B
9MMIMARCUS & MILLICHAP, INC.B-5.8%7.7%$1.1B
10DRHDIAMONDROCK HOSPITALITY COA-4.0%6.4%$2.6B
11INVHInvitation Homes Inc.A-3.4%7.5%$15.7B
12JOEThe St. Joe CompanyA+-3.0%5.6%$3.8B
13PECOPhillips Edison & Company, Inc.B-1.3%—$4.8B
14ELSEQUITY LIFESTYLE PROPERTIES, INC.A+-0.7%2.9%$11.4B
15ESRTEMPIRE STATE REALTY TRUST, INC.B-0.4%9.6%$1.1B
16ALXALEXANDERS INCB+-0.4%—$1.3B
17LAMRLAMAR ADVERTISING CO/NEWA+-0.1%4.8%$14.8B

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A ranking orders companies by one stated measure. It is not a recommendation, and it says nothing about whether any share price is reasonable.