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Ventas tops Q2 FFO-per-share estimate by 6%, highest among 25 largest REITs

Among the 25 largest U.S. equity real estate investment trusts by market capitalization, 19 surpassed their second-quarter consensus S&P Global Market Intelligence earnings estimates and six fell short.

Healthcare REIT Ventas Inc. logged the largest earnings beat among the group, topping its consensus funds from operations-per-share estimate by 6.0%. Hotel REIT Host Hotels & Resorts Inc. and multifamily-focused Mid-America Apartment Communities Inc. followed, reporting FFO-per-share beats of 5.3% and 4.6%, respectively.

At the other end of the spectrum, communications REIT SBA Communications Corp. missed its consensus earnings estimate by 39.2%, the largest margin of the group. However, the REIT reported adjusted FFO per share up 5.8% year over year.

Data-center-focused Equinix Inc. followed, with reported results 3.9% short of its earnings estimate.

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For further earnings research, try S&P Global Market Intelligence's Real Estate Beats & Misses Template to examine the actual and percentage beat/miss for a specific REIT sector. Other templates are available in the Excel Template Library.