Earnings Scorecard: 5 of 8 S&P 500 real estate companies post lower earnings

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

This week, eight S&P 500 real estate companies reported their quarterly financial results.

During the fourth quarter, XLRE retreated 4.23%, while the State Street SPDR S&P 500 ETF Trust (SPY) advanced 2.02%.

KEY TAKEAWAYS

* 6 of the 8 exceeded earnings estimates
* 6 of the 8 exceeded revenue estimates
* 5 of the 8 saw a year-over-year decline in earnings
* All 8 saw a year-over-year rise in revenue

EARNINGS RECAP

* Iron Mountain (IRM [https://seekingalpha.com/symbol/IRM]) delivered [https://seekingalpha.com/news/4551007-iron-mountain-q4-earnings-beat-with-growth-businesses-setting-stage-for-strong-2026] strong Q4 results and introduced guidance that exceeded Wall Street analysts' estimates. Its data center, digital, and asset lifecycle management businesses collectively grew by more than 40% Y/Y in the quarter.
* Federal Realty Trust (FRT [https://seekingalpha.com/symbol/FRT]) delivered [https://seekingalpha.com/news/4551600-federal-realty-trust-q4-earnings-just-miss-as-comp-poi-growth-slows] Q4 earnings that fell short of the Wall Street consensus. Its comparable property income growth slowed from Q3 2025.
* Equinix (EQIX [https://seekingalpha.com/symbol/EQIX]) introduced [https://seekingalpha.com/news/4550637-equinix-stock-surges-amid-exceptionally-strong-guidance-after-q4-miss] robust 2026 and Q1 guidance, citing demand for its digital infrastructure, even as Q4 earnings and revenue fell short of the Wall Street consensus estimates.
* Welltower (WELL [https://seekingalpha.com/symbol/WELL]) missed [https://seekingalpha.com/news/4549880-welltower-beats-revenue-in-q4-shares-rise-more-than-1-percent] Wall Street's expectations of net income but topped earnings consensus.
* Public Storage (PSA [https://seekingalpha.com/symbol/PSA]) reported [https://seekingalpha.com/news/4551491-public-storage-ffo-of-4_26-beats-by-0_05-revenue-of-1_22b-beats-by-10m] Q4 FFO of $4.26, which beats by $0.05, and revenue of $1.22B (+3.4% Y/Y), which beats by $10M.

NEXT WEEK

In the coming week, three S&P 500 real estate companies are scheduled to report their quarterly financial results.

The companies set to report are Extra Space Storage (EXR [https://seekingalpha.com/symbol/EXR]), Host Hotels & Resorts (HST [https://seekingalpha.com/symbol/HST]), and Invitation Homes (INVH [https://seekingalpha.com/symbol/INVH]).

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