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	PLPrologis, Inc.PLD	12.2%	0.63 → 0.90	+43%	+4.8 pp	−14%
2	AMAmerican Tower CorporationAMT	10.6%	1.96 → 1.92	−2%	−0.3 pp	−2%
3	EQEquinix, Inc.EQIX	8.4%	2.43 → 3.16	+30%	+1.2 pp	−8%
4	WEWelltower Inc.WELL	7.3%	0.22 → 0.42	+91%	+2.2 pp	+11%
5	PSPublic StoragePSA	5.9%	2.60 → 2.66	+2%	+0.2 pp	−1%
6	SPSimon Property Group, Inc.SPG	5.8%	2.25 → 1.51	−33%	−4.2 pp	−3%
7	DLDigital Realty Trust, Inc.DLR	5.7%	0.82 → 0.20	−76%	−3.5 pp	+6%
8	ORealty Income CorporationO	5.4%	0.16 → 0.29	+81%	+2.2 pp	−2%
9	CCCrown Castle Inc.CCI	5.0%	0.71 → 0.58	−18%	−1.0 pp	−7%
10	EXExtra Space Storage Inc.EXR	3.9%	1.01 → 0.88	−13%	−0.5 pp	+10%
11	CSCoStar Group, Inc.CSGP	3.5%	0.02 → 0.05	+187%	+0.2 pp	−23%
12	VIVICI Properties Inc.VICI	3.5%	0.57 → 0.71	+25%	+2.6 pp	−4%
13	AVAvalonBay Communities, Inc.AVB	3.4%	1.22 → 1.78	+46%	+1.4 pp	+11%
14	CBCBRE Group, Inc.CBRE	3.2%	0.41 → 0.42	+2%	+0.1 pp	−8%
15	IRIron Mountain IncorporatedIRM	3.1%	0.25 → 0.12	−52%	−0.7 pp	+12%
16	VMVivmark ResidentialVMRK · since delisted	3.1%	0.77 → 0.45	−42%	−2.1 pp	+10%
17	INInvitation Homes Inc.INVH	2.6%	0.23 → 0.12	−48%	−1.2 pp	+1%
18	SBSBA Communications CorporationSBAC	2.5%	1.42 → 1.51	+6%	+0.1 pp	−9%
19	VTVentas, Inc.VTR	2.5%	−0.04 → 0.05	turned profitable	+0.6 pp	+18%
20	WYWeyerhaeuser CompanyWY	2.4%	0.16 → 0.24	+50%	+1.0 pp	−21%
	Sector earnings growth	100%			+3.3 pp