Real Estate: which companies drove growth

Weight is each company's share of the 20 companies' combined market cap. Contribution is the change in its owners' profit divided by their combined base profit, in percentage points, so the column adds up to the sector's earnings growth. EPS cannot be added across companies, which is why contributions use profit.

#	Company	Weight	EPS $, base → now	EPS growth	Contribution	Price
1	WEWelltower Inc.WELL	15.2%	0.45 → 0.33	−27% one source	−1.0 pp	+40%
2	PLPrologis, Inc.PLD	12.1%	0.60 → 1.13	+88% one source	+7.8 pp	+29%
3	EQEquinix, Inc.EQIX	9.8%	3.75 → 4.83	+29%	+1.8 pp	+30%
4	AMAmerican Tower CorporationAMT	7.3%	0.78 → 1.86	+138% one source	+7.9 pp	−26%
5	SPSimon Property Group, Inc.SPG	6.9%	1.70 → 1.49	−12% one source	−1.2 pp	+39%
6	DLDigital Realty Trust, Inc.DLR	5.9%	2.94 → 1.21	−59% one source	−9.1 pp	0%
7	ORealty Income CorporationO	5.4%	0.22 → 0.37	+68% one source	+3.2 pp	+3%
8	PSPublic StoragePSA	5.3%	1.76 → 2.55	+45%	+2.2 pp	+8%
9	VTVentas, Inc.VTR	4.0%	0.15 → 0.14	−7% one source	+0.1 pp	+37%
10	CBCBRE Group, Inc.CBRE	3.8%	0.71 → 0.69	−3%	−0.2 pp	−3%
11	IRIron Mountain IncorporatedIRM	3.6%	−0.15 → 0.34	turned profitable one source	+2.3 pp	+22%
12	CCCrown Castle Inc.CCI	3.2%	— → 0.71	sources disagree	—	−26%
13	EXExtra Space Storage Inc.EXR	2.9%	1.18 → 1.25	+6%	+0.2 pp	−6%
14	VIVICI Properties Inc.VICI	2.7%	0.82 → 0.48	−41%	−5.3 pp	−21%
15	AVAvalonBay Communities, Inc.AVB	2.5%	1.88 → 1.10	−41%	−1.8 pp	−8%
16	VMVivmark ResidentialVMRK · since delisted	2.4%	0.50 → 0.30	−40% one source	−1.2 pp	−1%
17	ESEssex Property Trust, Inc.ESS	1.8%	3.44 → 0.97	−72% one source	−2.5 pp	+3%
18	SBSBA Communications CorporationSBAC	1.8%	2.09 → 1.87	−11%	−0.4 pp	−25%
19	INInvitation Homes Inc.INVH	1.7%	0.23 → 0.37	+61%	+1.2 pp	−6%
20	WYWeyerhaeuser CompanyWY	1.6%	0.12 → 0.23	+92%	+1.2 pp	−7%
	Sector earnings growth	100%			+5.1 pp