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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