The citation proportions methodology is used to evaluate real estate as a separate academic discipline and to rank the influence of real estate journals. The research confirms the influence of the top business-oriented real estate journals, shows that influential academic real estate research is concentrated in a core group of real estate journals, indicates a declining influence of non-real estate journals in generating citations, and shows that the Journal of Real Estate Finance and Economics has increased its influence on real estate research. The citation proportions for the Journal of Real Estate Finance and Economics for shorter time lags are noticeably above those of other journals. The results imply that real estate has a separate literature stream focused on topics, theories, and methodologies relevant to business-oriented real estate researchers.