Seventeen of the 25 largest U.S. real estate investment trusts by market capitalization topped their third-quarter consensus S&P Global Market Intelligence earnings estimates, while three fell short, and five met their earnings estimates.

Data center-focused Equinix Inc. posted the largest earnings beat of the quarter among the group, surpassing its consensus funds from operations per-share estimate by 10.4%. Hotel REIT Host Hotels & Resorts Inc. and communications-focused Crown Castle International Corp. followed, topping their consensus FFO-per-share estimates by 5.7% and 3.3%, respectively.

Timber REIT Weyerhaeuser Co. reported net earnings of 28 cents per share for the third quarter, 24.3% below the REIT's consensus normalized EPS estimate, the worst miss of the group. According to Weyerhaeuser CEO Doyle Simons, the company faced headwinds during the quarter, including severe weather, uncertain Chinese trade policies and an unusually volatile lumber market.

Office landlord Vornado Realty Trust and communications REIT SBA Communications Corp. also missed their consensus FFO-per-share estimates, by 3.1% and 3.0%, respectively.

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