Real Estate sector

Real Estate's large-cap constituents show a wide valuation spread, with Equinix trading at a PE of 63.45 versus American Tower at 25.48, while Prologis sits at 27.7 and Realty Income at 40.64. Equinix also leads on revenue growth at 16.7% year over year, ahead of Prologis at 10.2%, Realty Income at 9.6%, and American Tower at 4.7%. Margins cluster between 27% (Equinix) and 47% (Realty Income), with Prologis at 42.9% and American Tower at 45.4%. Market caps range from $53.1 billion for Realty Income to $122.2 billion for Prologis, and recent coverage skews modestly positive, focused on income-oriented REITs and sector stock picks.