Top real estate stocks on S&P 500 to explore

Highlights

• American Tower Corporation (NYSE: AMT) will report its fourth quarter and fiscal 2021 results on February 24.
  
  
• Equinix, Inc. (NASDAQ: EQIX) will report its Q4 and fiscal 2021 results on February 16.
  
  
• Simon Property Group, Inc. (NYSE: SPG) reported revenue of US$1.32 billion in Q4, FY21.

The Covid-19 pandemic has disrupted the real estate sector. The industry is still recuperating from the effects. The rising demand for new homes has recently reenergized the industry.

As inflation rises, investors could be exploring safe havens for investments. Some investors take shelter in real estate to hedge against inflation.

Here we explore the top real estate stocks on the S&P 500.

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Prologis, Inc. (NYSE: PLD)

Price close on February 4, 2022: US$153.49

Market Cap: US$113.47 billion

One year return: 43.34%

Prologis is one of the leading real estate investment trusts based in San Francisco, California. It has interests in logistics and the real estate business.

It reported revenue of US$1.27 billion for the quarter ended December 31, 2021. Net earnings attributable to common shareholders were US$1.24 billion, or US$1.67 per diluted share.

Its P/E ratio is 38.96, the forward P/E for one year is 31.23, the dividend yield is 1.6%, and the annualized dividend is US$2.52.

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American Tower Corporation (NYSE: AMT)

Price close on February 4, 2022: US$246.43

Market Cap: US$112.22 billion

One year return: 5.86%

It is a real estate investment trust based in Boston, Massachusetts. It owns and operates wireless and broadcast communication infrastructure in various locations globally.

It will report the fourth quarter and fiscal 2021 results on February 24, before the opening bell.

In the third quarter of fiscal 2021, the company's total revenue rose 21.9% YoY to US$2.45 billion, while its net income rose 56.9% YoY to US$726 million, or US$1.58 per diluted share.

Its P/E ratio is 44.81, the forward P/E for one year is 27.31, the dividend yield is 2.2%, and the annualized dividend is US$5.56.

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Crown Castle International Corp. (NYSE: CCI)

Price close on February 4, 2022: US$180.30

Market Cap: US$77.92 billion

One year return: 12.06%

Crown Castle is a real estate investment trust firm based in Houston, Texas. It owns, operates, and leases communication infrastructure like cell towers, small cells, fiber, etc., in the US.

It reported revenue of US$1.65 billion in Q4, FY21, while its net income was US$353 million, or US$0.81 per diluted share. For fiscal 2021, the company's net revenue was US$6.34 billion.

Its P/E ratio is 67.53, the forward P/E for one year is 25.70, the dividend yield is 3.2%, and the annualized dividend is US$5.88.

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Public Storage (NYSE: PSA)

Price close on February 4, 2022: US$362.85

Market Cap: US$63.62 billion

One year return: 56.06%

It is a self-storage firm based in Glendale, California. It operates as a real estate investment trust in the US. The company plans to release its fourth-quarter fiscal 2021 results on February 22, after the market close.

In the third quarter of fiscal 2021, the company's net revenue soared 14% YoY to US$716.05 million, while its net income came in at US$491.62 million or US$2.52 per diluted share.

Its P/E ratio is 43.35, the forward P/E for one year is 28.68, the dividend yield is 2.16%, and the annualized dividend is US$8.00.

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Equinix, Inc. (NASDAQ: EQIX)

Price close on February 4, 2022: US$702.15

Market Cap: US$63.32 billion

One year return: -6.06%

Equinix is a real estate investment trust based in Redwood City, California. It focuses on the internet connection and data center infrastructure.

It will report the fourth quarter and fiscal 2021 financial results on February 16, after the market close.

In the third quarter of fiscal 2021, the company's revenue rose 10% YoY to US$1.67 billion, marking its 75th consecutive quarter of revenue growth. Its net income for the period came in at US$152.02 million, or US$1.68 per share diluted.

Its P/E ratio is 148.07, the forward P/E for one year is 29.57, the dividend yield is 1.6%, and the annualized dividend is US$11.48.

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Simon Property Group, Inc. (NYSE: SPG)

Price close on February 4, 2022: US$145.18

Market Cap: US$48.42 billion

One year return: 46.74%

Simon Property is a real estate investment trust based in Indianapolis, Indiana. It invests in shopping malls, outlet centers, and other properties.

The company's revenue rose 17% YoY to US$1.32 billion in Q4, FY21, while its net income came in at US$573.73 million or US$1.53 per share. For fiscal 2021, the company reported revenue of US$5.11 billion.

Its P/E ratio is 23.88, the forward P/E for one year is 12.41, the dividend yield is 4.41%, and the annualized dividend is US$6.60.

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Digital Realty Trust, Inc. (NYSE: DLR)

Price close on February 4, 2022: US$145.16

Market Cap: US$41.40 billion

One year return: -0.83%

Digital Realty is a real estate investment trust based in San Francisco, California. It focuses on investments in carrier-neutral data centers and offers colocation and peering solutions.

It will release its fourth quarter and fiscal 2021 results on February 17, after the closing bell.

In the third quarter of fiscal 2021, the company's revenue rose 11% YoY to US$1.13 billion, while its net income came in at US$136.54 million, or US$0.44 per diluted share.

Its P/E ratio is 61.56, the forward P/E for one year is 22.48, the dividend yield is 3.11%, and the annualized dividend is US$4.64.

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Bottomline

Last year, the real estate sector saw significant growth, lifted by demand for private properties. The S&P 500 real estate sector rose 24.33% over the past 12 months but declined 9.88% YTD.