Among the 25 largest U.S. real estate investment trusts by market capitalization, 16 topped their first-quarter consensus earnings estimates, while nine fell short.
Hotel REIT Host Hotels & Resorts Inc. reported funds from operations per share 8.7% above the S&P Capital IQ estimate, logging the largest earnings beat of the group. Industrial REIT Prologis Inc. followed, with results topping its earnings estimate by 8.4%, the second-largest earnings beat of the group.
Communications REIT Crown Castle International Corp. and regional mall REIT GGP Inc. missed their earnings estimates by the largest margins of the group, at 8.2% and 5.4%, respectively.
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