Real estate stocks edge up amid strong start to earnings season

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phakphum patjangkata

Real estate stocks ended the week in green as a strong start to the quarterly earnings season boosted optimism.

About 67% of the S&P 500 real estate companies reporting quarterly financial results posted an earnings beat. Roughly 83% of the reporting companies posted a revenue beat.

A total of seven out of the 31 S&P 500 real estate companies have reported quarterly results so far, with four exceeding Wall Street earnings estimates and six surpassing the revenue consensus.

The S&P 500 Real Estate Index Sector (SP500-60) was up 2.23% from the prior week to $268.53, while the Real Estate Select Sector SPDR Fund ETF (NYSEARCA:XLRE [https://seekingalpha.com/symbol/XLRE]) rose 2.27% to $42.79.

Big names set to report next week include VICI Properties (VICI [https://seekingalpha.com/symbol/VICI]) and American Tower (AMT [https://seekingalpha.com/symbol/AMT]). Options trading implies less than 7% price swings at all the reporting S&P 500 real estate companies.

COMPANY NEWS

* Weyerhaeuser's (WY [https://seekingalpha.com/symbol/WY]) Q2 earnings [https://seekingalpha.com/news/4471892-weyerhaeuser-q2-earnings-bolstered-by-real-estate-sales] rose from Q1 as adjusted EBITDA from its real estate, energy, and natural resources division jumped due to the timing and mix of real estate sales.
* Digital Realty's (DLR [https://seekingalpha.com/symbol/DLR]) Q2 FFO [https://seekingalpha.com/news/4471757-digital-realty-boosts-core-ffo-guidance-after-q2-results-beat] rose past the Wall Street consensus, leading the company to boost its guidance for the full year. The data center REIT also announced a partnership [https://seekingalpha.com/news/4471349-digital-realty-partners-with-oracle-to-help-companies-accelerate-hybrid-it-ai-adoption] with Oracle to help companies accelerate hybrid IT and AI adoption.
* Alexandria Real Estate Equities (ARE [https://seekingalpha.com/symbol/ARE]) posted second-quarter [https://seekingalpha.com/news/4469663-alexandria-real-estate-q1-affo-tops-consensus-2025-guide-maintained] revenue and adjusted funds from operations that topped Wall Street expectations.
* Essential Properties Realty Trust (EPRT [https://seekingalpha.com/symbol/EPRT]) nudged up the low end of its full-year guidance range for funds from operations after posting better-than-expected Q2 revenue [https://seekingalpha.com/news/4470944-essential-properties-nudges-up-low-end-of-affo-guidance-range-q2-revenue-beats].
* Other significant earnings announcements came from Eastgroup Properties [https://seekingalpha.com/news/4470947-eastgroup-properties-ffo-of-2_21-beats-by-0_01-revenue-of-177_29m-beats-by-1_33m] (EGP [https://seekingalpha.com/symbol/EGP]), Getty Realty [https://seekingalpha.com/news/4470943-getty-realty-ffo-of-0_49-misses-by-0_07-revenue-of-53_26m-beats-by-1_67m] (GTY [https://seekingalpha.com/symbol/GTY]), Brandywine Realty [https://seekingalpha.com/news/4471078-brandywine-realty-trust-ffo-of-0_15-in-line-revenue-of-120_57m-beats-by-2_6m] (BDN [https://seekingalpha.com/symbol/BDN]), Alpine Income Property Trust [https://seekingalpha.com/news/4471774-alpine-income-property-trust-ffo-of-0_44-in-line-revenue-of-14_86m-beats-by-0_48m] (PINE [https://seekingalpha.com/symbol/PINE]), Alexander & Baldwin [https://seekingalpha.com/news/4471767-alexander-baldwin-ffo-of-048-beats-by-009-revenue-of-517m-beats-by-046m] (ALEX [https://seekingalpha.com/symbol/ALEX]), and Gaming and Leisure Properties [https://seekingalpha.com/news/4471795-gaming-and-leisure-properties-reports-q2-results] (GLPI [https://seekingalpha.com/symbol/GLPI]).
* Equinix (EQIX [https://seekingalpha.com/symbol/EQIX]) stock gained on a report [https://seekingalpha.com/news/4469196-equinix-gains-after-report-on-elliott-boosting-stake-in-data-center-reit] that activist investor Elliott Investment Management boosted its stake in the data center operator.
* Omega Healthcare Investors (OHI [https://seekingalpha.com/symbol/OHI]) declared $0.67/share quarterly dividend [https://seekingalpha.com/news/4472449-omega-healthcare-investors-declares-0_67-dividend], in line with previous.
* NETSTREIT (NTST [https://seekingalpha.com/symbol/NTST]) priced a public offering [https://seekingalpha.com/news/4472005-netstreit-prices-forward-stock-offering-at-1770-per-share] of 10.8M shares at $17.70 per share. Separately, the retail REIT raised its dividend [https://seekingalpha.com/news/4472172-netstreit-raises-dividend-by-24-to-0215] by 2.4% to $0.215.
* Other major dividend announcements came from Farmland Partners [https://seekingalpha.com/news/4471515-farmland-partners-declares-0_06-dividend] (FPI [https://seekingalpha.com/symbol/FPI]), Community Healthcare [https://seekingalpha.com/news/4471862-community-healthcare-raises-dividend-by-05-to-04725] (CHCT [https://seekingalpha.com/symbol/CHCT]), JBG SMITH Properties [https://seekingalpha.com/news/4471830-jbg-smith-properties-declares-0_175-dividend] (JBGS [https://seekingalpha.com/symbol/JBGS]), and Highwoods Properties [https://seekingalpha.com/news/4471823-highwoods-properties-declares-0_50-dividend] (HIW [https://seekingalpha.com/symbol/HIW]).
* LandBridge Company (LB [https://seekingalpha.com/symbol/LB]) dropped 5% after a short report [https://seekingalpha.com/news/4471499-landbridge-falls-after-gotham-city-research-short-report] from Gotham City Research.
* Sun Communities (SUI [https://seekingalpha.com/symbol/SUI]) named [https://seekingalpha.com/news/4471053-sun-communities-announces-ceo-appointment] Charles Young as CEO, effective October 1, 2025.

WINNERS & LOSERS

CoStar Group (CSGP [https://seekingalpha.com/symbol/CSGP]) topped the S&P 500 real estate gainers, adding 9.76% during the course of the week to close at $92.97. The online real estate information and marketplace provider delivered a second-quarter [https://seekingalpha.com/news/4470215-costar-group-non-gaap-eps-of-0_17-beats-by-0_03-revenue-of-781m-beats-by-8_85m] beat and raised its full-year guidance.

Crown Castle (CCI [https://seekingalpha.com/symbol/CCI]) was the second-biggest sector gainer (+6.03% W/W).

CCI raised its full-year guidance [https://seekingalpha.com/news/4470991-crown-castle-lifts-2025-guide-after-q2-results-top-consensus-on-higher-leasing-activity] as higher leasing activity led to top- and bottom-line beats for the second quarter. The telecom infrastructure REIT was upgraded [https://seekingalpha.com/news/4471444-crown-castle-upgraded-at-wells-fargo-after-compelling-q2-earnings] at Wells Fargo after a "compelling Q2" that "makes for a compelling relative valuation story".

CBRE Group (CBRE [https://seekingalpha.com/symbol/CBRE]) followed, rising 5.81% on a weekly basis.

Consequently, the S&P 500 Real Estate Management & Development index saw an increase of 7.65% from last week.

Healthpeak Properties (DOC [https://seekingalpha.com/symbol/DOC]) led the S&P 500 real estate losers, with a weekly decline of 3.93% to $17.60. The health care REIT delivered second-quarter funds from operations [https://seekingalpha.com/news/4471877-healthpeak-properties-stock-dips-after-q2-ffo-stalls-as-expected-2025-guide-maintained] that matched the consensus but fell from the prior quarter.

Invitation Homes (INVH [https://seekingalpha.com/symbol/INVH]) (-1.02% W/W) and UDR (UDR [https://seekingalpha.com/symbol/UDR]) (-0.79% W/W) drove the S&P 500 Residential REITs index to the only-weekly-loser position. The property sector was down 0.23% from last week.

Office REITs topped the S&P 500 real estate subsector performances as Scotiabank upgraded [https://seekingalpha.com/news/4472179-sl-green-upped-to-sector-outperform-as-scotiabank-sees-nyc-office-strength] SL Green Realty (SLG [https://seekingalpha.com/symbol/SLG]) on the view that New York City will remain one of the strongest office leasing markets in the U.S.

Among the other real estate stocks, City Office REIT (CIO [https://seekingalpha.com/symbol/CIO]) emerged as the top weekly gainer. The stock was up 27.78% from last week on the back of a merger news.

CIO is set to merge [https://seekingalpha.com/news/4471246-city-office-reit-to-be-acquired-by-mcme-carell-for-700share] with MCME Carell, under which MCME Carell will acquire all outstanding shares of City Office for $7.00 per share in cash.

Uniti Group (UNIT [https://seekingalpha.com/symbol/UNIT]) was the next on the list, having added 21.09% from the prior week. Uniti and Windstream have received the final regulatory approval [https://seekingalpha.com/news/4471924-uniti-and-windstream-merger-cleared-by-california-regulator] from the California Public Utilities Commission for their planned merger.

Offerpad Solutions (OPAD [https://seekingalpha.com/symbol/OPAD]) (-15.89% W/W) was a notable underperformer. The stock was losing as it announced the pricing of a $6M direct offering [https://seekingalpha.com/news/4471621-offerpad-solutions-announces-price-of-6m-direct-offering-concurrent-private-placement], concurrent private placement.

Here is a look at the subsector performances for the week: [https://static.seekingalpha.com/uploads/2025/7/26/saupload_XLRE.jpg]