SECTOR SYSTEM / 6 COVERED ISSUERS
Property owners and infrastructure REITs depend on occupancy, contractual income and financing. GAAP earnings and cash flow do not substitute for a reconciled FFO measure.
Occupancy, leasing spreads, maturity schedules and reconciled FFO disclosures.
Lease rollover, refinancing, development costs, tenant concentration and property values.
Sector medians are descriptive, not fair-value estimates. Dated company ratios use annual denominators and differ in fiscal year end. Historical-multiple series are unavailable. Sources and exclusions are visible on company profiles.
Across 1 eligible real estate companies, the equal-weight median capital expenditure as a share of revenue was 205.27% for the prior selected annual periods.
Across 1 eligible real estate companies, the equal-weight median capital expenditure as a share of revenue was 179.55% for the latest selected annual periods.
Across 6 eligible real estate companies, the equal-weight median operating cash-flow margin was 50.30% for the prior selected annual periods.
Across 6 eligible real estate companies, the equal-weight median operating cash-flow margin was 49.71% for the latest selected annual periods.
Across 6 eligible real estate companies, the equal-weight median equity as a share of assets was 42.84% for the prior selected annual periods.
Across 6 eligible real estate companies, the equal-weight median equity as a share of assets was 40.83% for the latest selected annual periods.
Across 6 eligible real estate companies, the equal-weight median net margin was 30.82% for the prior selected annual periods.
Across 6 eligible real estate companies, the equal-weight median net margin was 29.64% for the latest selected annual periods.
Across 6 eligible real estate companies, the equal-weight median revenue growth was 4.52% for the prior selected annual periods.
Across 6 eligible real estate companies, the equal-weight median revenue growth was 8.61% for the latest selected annual periods.
AMERICAN TOWER CORP /MA/
A two-period review of AMT revenue, profitability and cash conversion; reported revenue growth was 20.82%.
AMERICAN TOWER CORP /MA/
Annual revenue of USD 935.90 million and net income of USD 2.628 billion for the period ended 2025-12-31.
DIGITAL REALTY TRUST, INC.
Annual revenue of USD 6.113 billion and net income of USD 1.309 billion for the period ended 2025-12-31.
EQUINIX INC
A two-period review of EQIX revenue, profitability and cash conversion; reported revenue growth was 5.36%.
EQUINIX INC
Annual revenue of USD 9.217 billion and net income of USD 1.350 billion for the period ended 2025-12-31.
Prologis, Inc.
A two-period review of PLD revenue, profitability and cash conversion; reported revenue growth was 7.18%.