This is an attempt to source for reits that are comparably safer in terms of financial leveraging and P/E(rolling) ratio in a table that collates the top 20 reits that have the highest CAGR(Compound Annual Growth Rate) for earnings of three years. My criteria is to accept all reits with Net Debt/Equity of less than 0.5x and rolling P/E of less than 9x. I use rolling P/E because it is derived from the actual net earnings for the last reported 4 quarters or 2 half-years. Which makes it more current. Fraser Cpt Tr shows the lowest ND/E of 0.376x, has the highest CAGR for earnings at 44.98% and lowest Rolling PE of 6.053x among pure local reits. On a side note, it has lower div yield of 5.196% and Price to books slightly more than 1.  Fortune Reit also falls ......