Sector Report5 min read
Real Estate: 13 A-Grades, One Spectacular Failure
Most REITs print cash at absurd margins. Equinix burns it faster than tech companies.
Aug 17, 2026
OVICIPSAPLD+16
Financial data as of Dec 31, 2025 · Real Estate
Note: This data is from Dec 31, 2025 (213 days old). Quarterly earnings may have been released since then.
Key financials compared side by side
FCF Margin ranked against sector peers
Most REITs print cash at absurd margins. Equinix burns it faster than tech companies.
Same sector, same grades, same problem at the bottom. But the improving trends tell a different story.
70% of REITs earn A-grades with 46% median FCF margins. Then there's Equinix burning cash at -9.7%.