Most US REITs in XLRE beat Q3 revenue forecasts, several raised guidance

what happened

This week 17 companies held in the XLRE fund released quarterly figures, according to Seeking Alpha. Revenue at 11 of them came in above market estimates, while six reported below expectations. On earnings per share, 12 companies beat the analyst consensus, three fell short, and two matched forecasts.

Among the largest REITs, American Tower reported adjusted FFO of $2.87 per share against a $2.80 consensus and raised its full-year outlook. Vici Properties met expectations on FFO and improved its 2026 guidance. Federal Realty posted core FFO of $1.87 per share, above the $1.85 estimate, and nudged up its annual range.

Year to date, XLRE has climbed more than 6%, while the S&P 500 has gained over 10%. Next week, 10 more REITs are due to report, including Realty Income, Vivmark Residential, Simon Property Group and Iron Mountain.

why it matters

Stronger results and raised forecasts from several large REITs point to steady leasing demand and solid cash flows, which supports sentiment across the sector. Still, the group trails the broader market year to date, so investors will watch whether next week's reports confirm the trend.

market impact

US REITs (XLRE): beats and raised guidance support the sector

• ▲XLRE (US REIT sector) pressure up — most companies beat estimates and several raised their outlooks

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