Eighteen of the 25 largest U.S. equity real estate investment trusts by market capitalization beat their second-quarter consensus earnings estimates, while seven fell short.
Prologis Inc. beat its S&P Capital IQ funds from operations per-share estimate by 7.42%, the largest outperformance of the group.
Vornado Realty Trust and Host Hotels & Resorts Inc. followed, topping their consensus FFO-per-share estimates by 7.19% and 4.89%, respectively.
Equinix Inc. posted the largest earnings miss of the group, falling short of its consensus FFO-per-share estimate by 15.31%.
SBA Communications Corp. and GGP Inc. also undershot their earnings estimates by 10.06% and 1.88%, respectively.
Use 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 template library.