In this paper we examine corporate real estate ownership of Shariah Compliant firms in the United States. We investigate the constituents of the Dow Jones Islamic Market Index (DJIM) which conform to Shariah principles particularly non-real estate firms which are listed on the New York Stock Exchange (NYSE) and the National Association of Securities Dealers Automated Quotations (NASDAQ) and their corporate real estate ownership characteristics from 1996 to 2009. In our analysis we investigate over 1,000 US Shariah compliant companies and their corporate real estate ownership structure from 1996 to 2009.We find a strong correlation with Shariah restricted variables and corporate real estate ownership of Shariah compliant firms. Leverage is significantly positively correlated with corporate real estate ownership (CREO) while Cash + interesting bearing securities are negatively correlated with CREO. We do not find any significant correlation with accounts receivables and CREO. Furthermore we attempt to understand the role of corporate real estate ownership in firm performance particularly systematic risk and idiosyncratic component of return. We find in line with previous studies that a negative relationship between systematic risk and CREO in Shariah compliant firms, however this result is inconsistent when we examine our results based on industry classification. In addition, we find that the CREO of Shariah compliant firms do no explain the idiosyncratic return of Shariah compliant firms as we find a flat relationship between the idiosyncratic component of return (alpha) and corporate real estate ownership. Our results that CREO do not play any role in explaining the firm returns in Shariah compliant firms are robust even when we control for Shariah restrictive variables.