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	12.5%	0.45 → 0.40	−11%	−0.3 pp	+16%
2	PLPrologis, Inc.PLD	10.9%	0.60 → 0.82	+37%	+3.0 pp	+10%
3	AMAmerican Tower CorporationAMT	9.2%	0.78 → 1.82	+133%	+7.6 pp	−13%
4	EQEquinix, Inc.EQIX	7.8%	3.75 → 3.81	+2%	+0.1 pp	−1%
5	SPSimon Property Group, Inc.SPG	6.2%	1.70 → 1.82	+7%	+0.6 pp	+16%
6	DLDigital Realty Trust, Inc.DLR	6.0%	2.94 → 0.15	−95%	−15.1 pp	−1%
7	ORealty Income CorporationO	5.6%	0.22 → 0.35	+59%	+1.9 pp	+3%
8	PSPublic StoragePSA	5.2%	1.76 → 2.62	+49%	+2.4 pp	−2%
9	CBCBRE Group, Inc.CBRE	4.8%	0.71 → 1.21	+70%	+2.3 pp	+13%
10	CCCrown Castle Inc.CCI	4.3%	0.67 → 0.74	+10%	+0.5 pp	−6%
11	CSCoStar Group, Inc.CSGP	3.6%	0.01 → −0.07	to loss	−0.6 pp	+5%
12	VIVICI Properties Inc.VICI	3.5%	0.82 → 0.71	−13%	−1.6 pp	−2%
13	VTVentas, Inc.VTR	3.4%	0.15 → 0.14	−7%	0.0 pp	+13%
14	IRIron Mountain IncorporatedIRM	3.1%	−0.15 → 0.28	turned profitable	+2.0 pp	−1%
15	EXExtra Space Storage Inc.EXR	3.0%	1.18 → 0.78	−34%	−1.2 pp	−5%
16	AVAvalonBay Communities, Inc.AVB	2.8%	1.88 → 2.68	+43%	+1.8 pp	−6%
17	VMVivmark ResidentialVMRK · since delisted	2.5%	0.50 → 0.74	+48%	+1.5 pp	−7%
18	SBSBA Communications CorporationSBAC	2.1%	2.09 → 2.21	+6%	+0.2 pp	−19%
19	INInvitation Homes Inc.INVH	1.8%	0.23 → 0.22	−4%	−0.1 pp	−11%
20	WYWeyerhaeuser CompanyWY	1.8%	0.12 → 0.11	−8%	−0.1 pp	−3%
	Sector earnings growth	100%			+4.8 pp