Real Estate sector

Real Estate sector snapshot: Prologis leads the group by market cap at $123.9 billion, trading at 28.33x earnings with 10.2% revenue growth and a 42.9% margin. Equinix carries the richest valuation at 63.54x earnings but also the fastest top-line growth at 16.7% YoY, albeit with the lowest margin of the four at 27.0%. American Tower ($85.5 billion market cap) and Realty Income ($53.3 billion) post margins of 45.4% and 47.0% respectively, with revenue growth of 4.7% and 9.6%. Recent coverage has been modestly positive, including recession-resistant REIT income picks and Goldman Sachs' top-12 REIT list.