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	10.8%	0.63 → 0.63	0%	+0.1 pp	−14%
2	AMAmerican Tower CorporationAMT	10.6%	1.96 → 1.04	−47%	−7.5 pp	+10%
3	WEWelltower Inc.WELL	10.5%	0.22 → 0.40	+82%	+2.3 pp	+66%
4	EQEquinix, Inc.EQIX	8.3%	2.43 → 3.50	+44%	+2.0 pp	−1%
5	SPSimon Property Group, Inc.SPG	5.7%	2.25 → 1.27	−44%	−5.5 pp	+6%
6	PSPublic StoragePSA	5.5%	2.60 → 2.04	−22%	−1.8 pp	+3%
7	ORealty Income CorporationO	5.5%	0.16 → 0.28	+75%	+2.1 pp	+9%
8	DLDigital Realty Trust, Inc.DLR	5.0%	0.82 → 0.27	−67%	−3.0 pp	0%
9	CCCrown Castle Inc.CCI	4.7%	0.71 → −1.06	to loss	−13.5 pp	−2%
10	CBCBRE Group, Inc.CBRE	4.2%	0.41 → 0.54	+32%	+0.6 pp	+37%
11	VIVICI Properties Inc.VICI	3.6%	0.57 → 0.51	−11%	−0.8 pp	+10%
12	CSCoStar Group, Inc.CSGP	3.5%	0.02 → −0.04	to loss	−0.4 pp	−16%
13	EXExtra Space Storage Inc.EXR	3.3%	1.01 → 1.28	+27%	+1.0 pp	+5%
14	VTVentas, Inc.VTR	3.2%	−0.04 → 0.11	turned profitable	+1.1 pp	+62%
15	AVAvalonBay Communities, Inc.AVB	3.2%	1.22 → 1.66	+36%	+1.1 pp	+16%
16	VMVivmark ResidentialVMRK · since delisted	2.9%	0.77 → 0.67	−13%	−0.7 pp	+17%
17	IRIron Mountain IncorporatedIRM	2.6%	0.25 → 0.05	−78%	−1.0 pp	+7%
18	SBSBA Communications CorporationSBAC	2.5%	1.42 → 2.04	+44%	+1.2 pp	+1%
19	INInvitation Homes Inc.INVH	2.2%	0.23 → 0.27	+17%	+0.4 pp	−2%
20	WYWeyerhaeuser CompanyWY	2.2%	0.16 → 0.11	−31%	−0.5 pp	−19%
	Sector earnings growth	100%			−22.9 pp