Real estate stocks eke out gains on earnings releases

[Playful Housing Growth Graph with Googly Eyes Representing Real Estate Trends and Market Growth]

Real estate stocks underperformed the broader markets but eked out gains on the back of individual company earnings announcements.

The sector had a mediocre start to May 2026 but remained strongly in the positive territory on a year-to-date basis.

This week, the S&P 500 Real Estate Index Sector (SP500-60 [https://seekingalpha.com/symbol/SP500-60]) increased 0.06% to close at 281.85 points, while the accompanying State Street Real Estate Select Sector SPDR ETF (XLRE [https://seekingalpha.com/symbol/XLRE]) was up 0.02% to $44.41.

The Dow Jones REIT Indx Equity REIT Total Return Index (REIT:IND [https://seekingalpha.com/symbol/REIT:IND]) added 0.57%, while the FTSE Nareit All Equity REITs index advanced 0.56%.

Among largecap stocks, Healthpeak Properties (DOC [https://seekingalpha.com/symbol/DOC]) led the gainers, adding 19.61% from the prior week to $19.64. This week, the healthcare REIT delivered Q1 [https://seekingalpha.com/news/4586293-healthpeak-q1-earnings-revenue-beat-on-solid-leasing-activity] top- and bottom-line beats and lifted its full-year guidance slightly.

Lamar Advertising (LAMR [https://seekingalpha.com/symbol/LAMR]) (+12.53% W/W to $157.93) followed with positive Q1 financial results [https://seekingalpha.com/news/4588097-lamar-advertising-gaap-eps-of-100-beats-by-018-revenue-of-528m-beats-by-552m].

KE Holdings (BEKE [https://seekingalpha.com/symbol/BEKE]) from China was also a significant gainer, advancing 10.61% from the prior week to $18.87. The week saw Goldman Sachs upgrade the stock to Buy from Neutral on the back of a potential recovery in China's property market and attractive valuation after a sell-off since late January.

CoStar Group (CSGP [https://seekingalpha.com/symbol/CSGP]) led the losers in the category, retreating 5.62% from the prior week to $32.77.

Notably, Nasdaq Global Indexes said late Friday that Lumentum Holdings is set to replace [https://seekingalpha.com/news/4590233-lumentum-replace-costar-nasdaq-100] the real estate services provider on the Nasdaq-100 index later this month. Meanwhile, CEO Andy Florance added [https://seekingalpha.com/news/4584604-costar-group-stock-climbs-after-ceo-buys-2_5m-of-stock] 2.5M CSGP stocks late last week despite a dramatic fall in the stock's value year-to-date.

Realty Income (O [https://seekingalpha.com/symbol/O]) (-2.96% W/W to $61.92) and American Tower (AMT [https://seekingalpha.com/symbol/AMT]) (-2.80% W/W to $176.53) were the other notable losers.

Realty Income's Q1 [https://seekingalpha.com/news/4587498-realty-income-q1-earnings-revenue-top-consensus-but-full-year-guidance-disappoints] earnings and revenue topped consensus, but its same-store rental growth rate decelerated, and its full-year FFO guidance boost remained below the consensus estimate.

For midcap gainers, Americold Realty Trust (COLD [https://seekingalpha.com/symbol/COLD]) led the pack with a 20.85% jump to $14.84. The industrial REIT exceeded estimates in terms of Q1 financial results [https://seekingalpha.com/news/4588227-americold-realty-trust-ffo-of-0_29-beats-by-0_10-revenue-of-629_9m-beats-by-27_75m] and announced a new joint venture [https://seekingalpha.com/news/4588360-americold-eqt-form-13b-cold-storage-joint-venture] with EQT (EQT [https://seekingalpha.com/symbol/EQT]), which focuses on owning, operating, and developing temperature-controlled warehouse facilities across North America.

Compass (COMP [https://seekingalpha.com/symbol/COMP]) and Douglas Emmett (DEI [https://seekingalpha.com/symbol/DEI]), having posted stronger [https://seekingalpha.com/news/4586329-compass-gaap-eps-of-0_03-beats-by-0_19-revenue-of-2_7b-beats-by-30m] Q1 [https://seekingalpha.com/news/4586450-douglas-emmett-ffo-of-0_37-beats-by-0_01-revenue-of-251m-beats-by-0_64m] earnings, followed with an 18.00% addition to $8.72 and a 13.07% advance to $12.37, respectively.

For the top losers, Millrose Properties (MRP [https://seekingalpha.com/symbol/MRP]) retreated 11.33% to close at $26.93 as Q1 earnings [https://seekingalpha.com/news/4586849-millrose-properties-ffo-of-0_76-misses-by-0_01-revenue-of-194_9m-misses-by-6m] fell short of the average analyst estimate. Opendoor Technologies (OPEN [https://seekingalpha.com/symbol/OPEN]) declined 7.90% to $5.01 on the back of mixed Q1 earnings [https://seekingalpha.com/news/4589139-opendoor-stock-advances-as-adjusted-ebitda-run-rate-turns-profitable-as-of-april-1].

Hudson Pacific Properties (HPP [https://seekingalpha.com/symbol/HPP]) (+17.62% W/W to $10.95) and Chatham Lodging Trust (CLDT [https://seekingalpha.com/symbol/CLDT]) (+13.24% W/W to $9.92) led the smallcap winners. The week saw the two companies post strong quarterly [https://seekingalpha.com/news/4588519-hudson-pacific-properties-ffo-of-0_25-beats-by-0_07-revenue-of-181_85m-beats-by-9_14m] earnings [https://seekingalpha.com/news/4588301-chatham-lodging-trust-reports-q1-results].

For the losers, Claros Mortgage Trust (CMTG [https://seekingalpha.com/symbol/CMTG]) (-11.03% W/W to $2.42) and PennyMac Mortgage Investment Trust (PMT [https://seekingalpha.com/symbol/PMT]) (-10.79% W/W to $11.00) led the pack after posting Q1 [https://seekingalpha.com/news/4588539-claros-mortgage-trust-gaap-eps-of-039] results [https://seekingalpha.com/news/4586278-pennymac-mortgage-investment-trust-gaap-eps-of-0_16-misses-by-0_21].

Here is a look at the subsector performances for the week:
[S&P, Nareit]
Percentage-wise price change across real estate indices

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