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	10.5%	1.08 → 1.37	+27%	+4.2 pp	−16%
2	EQEquinix, Inc.EQIX	9.9%	3.10 → −0.14	to loss	−4.8 pp	+5%
3	AMAmerican Tower CorporationAMT	9.2%	−1.69 → 2.62	turned profitable	+31.2 pp	−21%
4	WEWelltower Inc.WELL	8.7%	0.73 → 0.19	−74%	−5.1 pp	−1%
5	DLDigital Realty Trust, Inc.DLR	6.4%	0.09 → 0.51	+451%	+2.1 pp	+9%
6	SPSimon Property Group, Inc.SPG	6.0%	1.46 → 2.04	+40%	+3.0 pp	+2%
7	PSPublic StoragePSA	5.6%	2.16 → 3.21	+49%	+2.8 pp	−18%
8	ORealty Income CorporationO	5.1%	0.30 → 0.23	−23%	−1.1 pp	−15%
9	CBCBRE Group, Inc.CBRE	4.3%	0.73 → 1.58	+116%	+4.0 pp	+5%
10	CCCrown Castle Inc.CCI	4.2%	0.70 → −10.96	to loss	−78.3 pp	−23%
11	EXExtra Space Storage Inc.EXR	3.4%	0.91 → 1.24	+36%	+1.1 pp	−14%
12	AVAvalonBay Communities, Inc.AVB	3.4%	2.61 → 1.98	−24%	−1.4 pp	−3%
13	IRIron Mountain IncorporatedIRM	3.3%	−0.11 → 0.35	turned profitable	+2.1 pp	−12%
14	VIVICI Properties Inc.VICI	3.3%	0.70 → 0.58	−17%	−1.8 pp	−13%
15	CSCoStar Group, Inc.CSGP	3.2%	0.13 → 0.15	+15%	+0.1 pp	−4%
16	AGAGNC Investment Corp.AGNC	3.0%	0.39 → 0.10	−75%	−3.5 pp	—
17	VMVivmark ResidentialVMRK · since delisted	2.9%	0.38 → 1.10	+189%	+4.3 pp	−4%
18	VTVentas, Inc.VTR	2.8%	0.05 → 0.13	+183%	+0.6 pp	−6%
19	SBSBA Communications CorporationSBAC	2.4%	2.40 → 1.61	−33%	−1.3 pp	−15%
20	WYWeyerhaeuser CompanyWY	2.2%	0.04 → 0.11	+186%	+0.8 pp	−17%
	Sector earnings growth	100%			−40.9 pp