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	13.6%	0.40 → 0.14	−65%	−2.7 pp	+2%
2	PLPrologis, Inc.PLD	12.5%	0.82 → 1.49	+82%	+9.5 pp	+10%
3	AMAmerican Tower CorporationAMT	8.6%	1.82 → 1.75	−4%	−0.5 pp	−9%
4	EQEquinix, Inc.EQIX	7.9%	3.81 → 2.69	−29%	−1.6 pp	−2%
5	SPSimon Property Group, Inc.SPG	6.3%	1.82 → 9.35	+414%	+36.6 pp	−2%
6	DLDigital Realty Trust, Inc.DLR	5.6%	0.15 → 0.25	+67%	+0.5 pp	−11%
7	ORealty Income CorporationO	5.4%	0.35 → 0.32	−9%	−0.3 pp	−6%
8	CBCBRE Group, Inc.CBRE	5.0%	1.21 → 1.39	+15%	+0.8 pp	+1%
9	PSPublic StoragePSA	4.8%	2.62 → 2.60	−1%	−0.1 pp	−10%
10	CCCrown Castle Inc.CCI	4.1%	0.74 → 0.67	−9%	−0.4 pp	−8%
11	VTVentas, Inc.VTR	3.9%	0.14 → 0.15	+7%	+0.1 pp	+8%
12	VIVICI Properties Inc.VICI	3.2%	0.71 → 0.57	−20%	−2.3 pp	−13%
13	CSCoStar Group, Inc.CSGP	2.9%	−0.07 → 0.11	turned profitable	+1.2 pp	−21%
14	EXExtra Space Storage Inc.EXR	2.9%	0.78 → 1.30	+67%	+1.7 pp	−12%
15	AVAvalonBay Communities, Inc.AVB	2.7%	2.68 → 1.17	−56%	−3.2 pp	−6%
16	IRIron Mountain IncorporatedIRM	2.6%	0.28 → 0.30	+7%	+0.1 pp	−19%
17	VMVivmark ResidentialVMRK · since delisted	2.5%	0.74 → 1.00	+35%	+1.4 pp	−3%
18	SBSBA Communications CorporationSBAC	2.1%	2.21 → 3.47	+57%	+2.0 pp	+1%
19	WYWeyerhaeuser CompanyWY	1.8%	0.11 → 0.10	−9%	−0.1 pp	−4%
20	ESEssex Property Trust, Inc.ESS	1.8%	2.56 → 1.25	−51%	−1.2 pp	−2%
	Sector earnings growth	100%			+41.2 pp