Earnings Surprises
Biggest EPS beats and misses, ranked by post-earnings price reaction. Free data, no paywall.
Ranked by EPS surprise % (highest first). Price reaction = day after report.
| # | Symbol | Company | Sector | Date | EPS Actual | EPS Est. | Surprise | Price Reaction |
|---|---|---|---|---|---|---|---|---|
| 1 | Cousins Properties Incorporated | Real Estate | Apr 29, 2026 | $0.73↑ Raised | $0.06 | +1107% | 0.0% | |
Colin Connolly, President and Chief Executive Officer We had an outstanding start to 2026. The acceleration in Sun Belt migration drove one of the best office leasing quarters in the history of the company, and our late-stage leasing pipeline is exceptionally strong. | ||||||||
| 2 | UMH Properties, Inc. | Real Estate | Apr 30, 2026 | $0.23 | $0.02 | +1050% | +2.1% | |
| 3 | Independence Realty Trust, Inc. | Real Estate | Apr 29, 2026 | $0.26— Maintained | $0.03 | +767% | -0.1% | |
Scott Schaeffer, Chairman and CEO First quarter 2026 results were in line with our expectations and marked a solid start to the year. Portfolio occupancy and retention rates remain stable and supply pressure continues to abate across our portfolio. | ||||||||
| 4 | Easterly Government Properties, Inc. | Real Estate | Apr 27, 2026 | $0.77↑ Raised | $0.09 | +756% | +0.9% | |
Darrell Crate, President & CEO Stable operating performance and the successful execution of our first mezzanine investment highlight our strategic approach to capital allocation and earnings growth. | ||||||||
| 5 | Kilroy Realty Corporation | Real Estate | Apr 27, 2026 | $0.91↑ Raised | $0.14 | +544% | +7.0% | |
Angela Aman, Chief Executive Officer I am pleased to report on a remarkably strong quarter of execution across all facets of our business. First-quarter leasing activity, which totaled 568,000 square feet, represented the Company’s strongest first-quarter performance since 2017 | ||||||||
| 6 | Camden Property Trust | Real Estate | Apr 30, 2026 | $1.70— Maintained | $0.28 | +504% | -0.8% | |
| 7 | Acadia Realty Trust | Real Estate | Apr 28, 2026 | $0.30— Maintained | $0.05 | +498% | +1.9% | |
| 8 | Park Hotels & Resorts Inc. | Real Estate | Apr 30, 2026 | $0.45↑ Raised | $0.08 | +463% | +0.1% | |
Thomas J. Baltimore, Jr., Chairman and Chief Executive Officer I am very pleased with our first quarter results, with Core RevPAR increasing over 5% year-over-year excluding the Royal Palm, driven by continued strength at our resort hotels. | ||||||||
| 9 | Healthpeak Properties, Inc. | Real Estate | May 5, 2026 | $0.28↑ Raised | $0.05 | +430% | +19.7% | |
| 10 | UDR, Inc. | Real Estate | Apr 29, 2026 | $0.62 | $0.13 | +377% | +0.4% | |
| 11 | Kite Realty Group Trust | Real Estate | Apr 29, 2026 | $0.52 | $0.12 | +352% | +0.0% | |
| 12 | Xenia Hotels & Resorts, Inc. | Real Estate | May 1, 2026 | $0.63↑ Raised | $0.18 | +250% | -2.0% | |
Marcel Verbaas, Chair and Chief Executive Officer We are pleased with the strong start to 2026, as our portfolio delivered first quarter results that exceeded our expectations | ||||||||
| 13 | Corporación Inmobiliaria Vesta, S.A.B. de C.V. | Real Estate | Apr 23, 2026 | $1.25 | $0.40 | +213% | +2.1% | |
| 14 | Urban Edge Properties | Real Estate | Apr 29, 2026 | $0.36 | $0.12 | +212% | -0.9% | |
| 15 | Iron Mountain Incorporated | Real Estate | Apr 30, 2026 | $1.43 | $0.50 | +185% | +11.1% | |
| 16 | Essex Property Trust, Inc. | Real Estate | Apr 28, 2026 | $4.06 | $1.43 | +184% | +3.1% | |
| 17 | Weyerhaeuser Company | Real Estate | Apr 30, 2026 | $0.11 | $0.04 | +175% | -1.1% | |
| 18 | STAG Industrial, Inc. | Real Estate | Apr 28, 2026 | $0.65 | $0.24 | +171% | -3.5% | |
Bill Crooker, President and Chief Executive Officer STAG delivered strong first quarter results driven by healthy leasing activity, disciplined capital allocation, and a growing acquisition pipeline. | ||||||||
| 19 | Federal Realty Investment Trust | Real Estate | May 1, 2026 | $1.88 | $0.73 | +158% | +3.2% | |
| 20 | Agree Realty Corporation | Real Estate | Apr 21, 2026 | $1.14 | $0.48 | +138% | -3.6% | |
| 21 | Kimco Realty Corporation | Real Estate | Apr 30, 2026 | $0.46 | $0.20 | +135% | -1.1% | |
| 22 | Sabra Health Care REIT, Inc. | Real Estate | Apr 29, 2026 | $0.39 | $0.17 | +134% | +0.6% | |
| 23 | Brixmor Property Group Inc. | Real Estate | Apr 27, 2026 | $0.58↑ Raised | $0.25 | +131% | +0.2% | |
Brian T. Finnegan, Chief Executive Officer and President The Brixmor team is off to a strong start to 2026 as demonstrated by sustained leasing demand, record renewal spreads, and continued execution of our accretive reinvestment plan during the first quarter. | ||||||||
| 24 | Tanger Inc. | Real Estate | Apr 30, 2026 | $0.59↑ Raised | $0.26 | +131% | -1.1% | |
Stephen Yalof, President and Chief Executive Officer Tanger's successful execution of its growth strategy delivered another quarter of strong financial and operating results, contributing to an increase in our full-year guidance. | ||||||||
| 25 | Rexford Industrial Realty, Inc. | Real Estate | Apr 23, 2026 | $0.61 | $0.27 | +129% | -2.2% | |
We had an outstanding start to 2026. The acceleration in Sun Belt migration drove one of the best office leasing quarters in the history of the company, and our late-stage leasing pipeline is exceptionally strong.
First quarter 2026 results were in line with our expectations and marked a solid start to the year. Portfolio occupancy and retention rates remain stable and supply pressure continues to abate across our portfolio.
Stable operating performance and the successful execution of our first mezzanine investment highlight our strategic approach to capital allocation and earnings growth.
I am pleased to report on a remarkably strong quarter of execution across all facets of our business. First-quarter leasing activity, which totaled 568,000 square feet, represented the Company’s strongest first-quarter performance since 2017
I am very pleased with our first quarter results, with Core RevPAR increasing over 5% year-over-year excluding the Royal Palm, driven by continued strength at our resort hotels.
We are pleased with the strong start to 2026, as our portfolio delivered first quarter results that exceeded our expectations
STAG delivered strong first quarter results driven by healthy leasing activity, disciplined capital allocation, and a growing acquisition pipeline.
The Brixmor team is off to a strong start to 2026 as demonstrated by sustained leasing demand, record renewal spreads, and continued execution of our accretive reinvestment plan during the first quarter.
Tanger's successful execution of its growth strategy delivered another quarter of strong financial and operating results, contributing to an increase in our full-year guidance.
Ranked by EPS miss % (worst first). Price reaction = day after report.
| # | Symbol | Company | Sector | Date | EPS Actual | EPS Est. | Surprise | Price Reaction |
|---|---|---|---|---|---|---|---|---|
| 1 | Global Net Lease, Inc. | Real Estate | May 5, 2026 | -$0.08 | $0.10 | -180% | -1.5% | |
| 2 | Redwood Trust, Inc. 9.125% Seni | Real Estate | Apr 29, 2026 | -$0.07 | $0.16 | -143% | -0.8% | |
Christopher Abate, Chief Executive Officer of Redwood Trust We delivered a third consecutive quarter of record mortgage banking volume, as Sequoia and Aspire continued to scale while maintaining disciplined margins. | ||||||||
| 3 | MFA Financial, Inc. 8.875% Senior Notes | Real Estate | Apr 30, 2026 | -$0.01 | $0.31 | -103% | -1.5% | |
Craig Knutson, Chief Executive Officer We continued to make progress on our strategic initiatives during the first quarter of 2026 despite volatile market conditions and geopolitical developments. | ||||||||
| 4 | Veris Residential, Inc. | Real Estate | Apr 22, 2026 | $0.06 | $0.18 | -66.7% | 0.0% | |
| 5 | Outfront Media Inc. | Real Estate | May 7, 2026 | $0.11 | $0.28 | -60.7% | +6.8% | |
Our first quarter results demonstrate our continued strong performance, with revenue, OIBDA, and AFFO all exceeding our guidance | ||||||||
| 6 | PennyMac Mortgage Investment Trust | Real Estate | May 5, 2026 | $0.16 | $0.37 | -56.6% | +0.2% | |
| 7 | Arbor Realty Trust, Inc. | Real Estate | May 8, 2026 | $0.07 | $0.16 | -56.3% | -18.5% | |
| 8 | Annaly Capital Management, Inc. | Real Estate | Apr 21, 2026 | $0.33 | $0.74 | -55.4% | -0.1% | |
Annaly delivered its tenth consecutive quarter of positive economic returns with EAD again outperforming the dividend | ||||||||
| 9 | Curbline Properties Corp. | Real Estate | Apr 28, 2026 | $0.03↑ Raised | $0.06 | -50.0% | -2.5% | |
David R. Lukes, President and Chief Executive Officer Curbline’s first quarter results highlight the Company’s strong start to the year with over $140 million of acquisitions, an acceleration in same-property NOI growth from the fourth quarter to 4.8%, and almost $500 million of private placement notes and common equity funded or raised. | ||||||||
| 10 | Apollo Commercial Real Estate Finance, Inc. | Real Estate | Apr 28, 2026 | $0.22 | $0.29 | -24.1% | -3.2% | |
| 11 | American Healthcare REIT, Inc. | Real Estate | May 7, 2026 | $0.13↑ Raised | $0.16 | -19.2% | +3.4% | |
Our first quarter results reflect another exceptionally strong period across our core metrics, including our ninth consecutive quarter of double-digit Same-Store NOI growth, efficient capital formation and accretive deployment, a strengthened balance sheet, and a raise to our full year 2026 Same-Store NOI growth and NFFO per share guidance. | ||||||||
| 12 | Realty Income Corporation | Real Estate | May 6, 2026 | $0.33↑ Raised | $0.40 | -18.0% | -2.8% | |
Our first quarter results underscore the strength and resiliency of our global investment and operating platforms. Importantly, we demonstrated significant progress towards a key strategic goal of diversifying our sources of permanent equity beyond the public markets. | ||||||||
| 13 | Alexander's, Inc. | Real Estate | May 4, 2026 | $2.60 | $3.08 | -15.6% | +2.8% | |
| 14 | NETSTREIT Corp. | Real Estate | Apr 20, 2026 | $0.06 | $0.07 | -13.5% | +0.3% | |
| 15 | Howard Hughes Holdings Inc. | Real Estate | May 7, 2026 | $0.14 | $0.16 | -13.0% | +2.6% | |
Howard Hughes is building on the strength of its cash-generative real estate platform as we transform the Company into a diversified holding company focused on compounding intrinsic value per share. | ||||||||
| 16 | Essential Properties Realty Trust, Inc. | Real Estate | Apr 22, 2026 | $0.28↑ Raised | $0.32 | -12.5% | -4.4% | |
Pete Mavoides, CEO Our team continued to execute in the first quarter, starting off the year with strong investment activity which complemented our capital raising efforts. | ||||||||
| 17 | Forestar Group Inc. | Real Estate | Apr 21, 2026 | $0.63↓ Lowered | $0.72 | -12.5% | +3.3% | |
Donald J. Tomnitz, Chairman of the Board The Forestar team achieved solid second quarter results including a 7% increase in revenues and an 8% increase in pre-tax income. | ||||||||
| 18 | SBA Communications Corporation | Real Estate | Apr 29, 2026 | $1.74↑ Raised | $1.94 | -10.3% | +1.7% | |
Brendan Cavanagh, President and Chief Executive Officer We had a solid start to 2026, with positive first quarter financial and operating results. | ||||||||
| 19 | Crown Castle Inc. | Real Estate | Apr 22, 2026 | $0.34 | $0.38 | -9.7% | +3.1% | |
| 20 | National Health Investors, Inc. | Real Estate | May 4, 2026 | $0.83 | $0.91 | -9.2% | -4.7% | |
| 21 | LTC Properties, Inc. | Real Estate | May 6, 2026 | $0.48— Maintained | $0.53 | -8.6% | +1.1% | |
Our capabilities, reputation and culture are resonating with sellers and operators, and these relationships are driving investment opportunities and record external growth. | ||||||||
| 22 | Starwood Property Trust, Inc. | Real Estate | May 8, 2026 | $0.39 | $0.42 | -7.1% | -4.5% | |
"In a period of broad global volatility, we believe real estate and infrastructure credit is an attractive and relatively stable place to invest capital," said Barry Sternlicht, Chairman and CEO of Starwood Property Trust. | ||||||||
| 23 | Safehold Inc. | Real Estate | Apr 30, 2026 | $0.40 | $0.43 | -7.0% | -6.0% | |
| 24 | Rithm Capital Corp. | Real Estate | Apr 28, 2026 | $0.51 | $0.53 | -3.8% | -4.5% | |
| 25 | Orchid Island Capital, Inc. | Real Estate | Apr 23, 2026 | $0.26 | $0.27 | -3.7% | +1.4% | |
We delivered a third consecutive quarter of record mortgage banking volume, as Sequoia and Aspire continued to scale while maintaining disciplined margins.
We continued to make progress on our strategic initiatives during the first quarter of 2026 despite volatile market conditions and geopolitical developments.
Our first quarter results demonstrate our continued strong performance, with revenue, OIBDA, and AFFO all exceeding our guidance
Annaly delivered its tenth consecutive quarter of positive economic returns with EAD again outperforming the dividend
Curbline’s first quarter results highlight the Company’s strong start to the year with over $140 million of acquisitions, an acceleration in same-property NOI growth from the fourth quarter to 4.8%, and almost $500 million of private placement notes and common equity funded or raised.
Our first quarter results reflect another exceptionally strong period across our core metrics, including our ninth consecutive quarter of double-digit Same-Store NOI growth, efficient capital formation and accretive deployment, a strengthened balance sheet, and a raise to our full year 2026 Same-Store NOI growth and NFFO per share guidance.
Our first quarter results underscore the strength and resiliency of our global investment and operating platforms. Importantly, we demonstrated significant progress towards a key strategic goal of diversifying our sources of permanent equity beyond the public markets.
Howard Hughes is building on the strength of its cash-generative real estate platform as we transform the Company into a diversified holding company focused on compounding intrinsic value per share.
Our team continued to execute in the first quarter, starting off the year with strong investment activity which complemented our capital raising efforts.
The Forestar team achieved solid second quarter results including a 7% increase in revenues and an 8% increase in pre-tax income.
We had a solid start to 2026, with positive first quarter financial and operating results.
Our capabilities, reputation and culture are resonating with sellers and operators, and these relationships are driving investment opportunities and record external growth.
"In a period of broad global volatility, we believe real estate and infrastructure credit is an attractive and relatively stable place to invest capital," said Barry Sternlicht, Chairman and CEO of Starwood Property Trust.