Real Estate Stocks
Top 10 of 30 XLRE holdings, updated
As of 12 October 2026, real estate stocks are trailing the S&P 500, over the past month and over the longer run. XLRE trails the S&P 500 by 4.7 points over one month and ranks #60 of 115 groups Zensei tracks. 13 of the 30 real estate stocks Zensei prices in XLRE beat the fund this month.
Where real estate stocks stand now
As of 12 October 2026, Real Estate (XLRE) ranks #60 of the 115 groups Zensei tracks by one-month return against the S&P 500. It is out of favor: it trails the S&P 500 on both rotation windows — 4.7 points behind over the past month and 4.9 points behind over the longer, time-shifted window. That is the Underperformers quadrant.
On the shorter tape, XLRE's momentum is weakening: the intraday trend that carried the move is cooling across the shorter windows. XLRE's relative-strength line has broken below its long-term average — the long-term outperformance trend is no longer intact. Both signals point the same direction here: the market is not rewarding this group on either horizon.
The exposure comes via Real Estate Select Sector SPDR, whose 30 tracked holdings are led by Welltower Inc, Prologis Inc and Equinix Inc. Weighted by portfolio, the fund's holdings trade at roughly 30.6× earnings. The thing to watch from here is the one-month spread: underperformers only become interesting when the recent window turns positive first — until then, the market is voting elsewhere.
Top real estate stocks right now
The largest real estate stocks by weight in XLRE, and the strongest over the past month. Size and recent return are measurements, not recommendations.
Largest by fund weight
Share of XLRE
- 1Welltower IncWELL11.4%
- 2Prologis IncPLD8.7%
- 3Equinix IncEQIX7.0%
- 4American Tower CorpAMT5.5%
- 5Simon Property Group IncSPG4.6%
Strongest this month
1-month return, holdings Zensei prices
- 1Crown Castle IncCCI+8.7%
- 2American Tower CorpAMT+3.8%
- 3Host Hotels & Resorts IncHST+3.2%
- 4Iron Mountain IncIRM+0.7%
- 5Essex Property Trust IncESS+0.0%
Real Estate Stocks vs the S&P 500
Over the week to 12 October 2026, XLRE rose 3.1% while the S&P 500 rose 0.4%. XLRE and SPY (the S&P 500) over every window Zensei tracks. The spread is the difference: positive means XLRE won that window.
Prices as of · computed from daily adjusted closes · how we measure
Real Estate on the rotation map, against the 11 broad S&P 500 sectors. Vertical: 1-month spread vs the S&P 500. Horizontal: the longer, time-shifted window.
Are real estate stocks expensive?
The price-to-earnings ratio of XLRE as a whole: the total price of its holdings over their total earnings, weighted by share of the fund. Holdings that lose money are left out.
XLRE holdings: the real estate stocks inside
As of 12 October 2026, 13 of the 30 real estate stocks Zensei prices in XLRE beat the fund over the past month. 3 of them beat the S&P 500. The strongest is Crown Castle Inc (CCI); the weakest is Weyerhaeuser Co (WY). Inside the fund, most holdings move the same way.
| # | Holding | Weight | 1M | 3M | vs fund 1M | Momentum | RS health |
|---|---|---|---|---|---|---|---|
| 1 | WELLWelltower Inc | 11.4% | −2.3% | −1.5% | +0.4 pts | Weak | Broken |
| 2 | PLDPrologis Inc | 8.7% | −1.6% | −6.1% | +1.0 pts | Weak | Broken |
| 3 | EQIXEquinix Inc | 7.0% | −0.5% | −0.2% | +2.1 pts | Pulling back | Fading |
| 4 | AMTAmerican Tower Corp | 5.5% | +3.8% | +8.9% | |||
| 5 | SPGSimon Property Group Inc | 4.6% | −1.7% | −7.2% | |||
| 6 | PSAPublic Storage | 4.5% | −1.6% | −9.3% | |||
| 7 | VTRVentas Inc | 4.5% | −6.6% | −8.7% | |||
| 8 | CBRECbre Group Inc | 4.5% | −7.0% | −5.3% | |||
| 9 | DLRDigital Realty Trust Inc | 4.4% | −3.8% | +1.9% | |||
| 10 | VMRKVivmark Residential | 4.4% | −5.5% | −11.1% |
All 30 XLRE holdings by weight: Welltower Inc (WELL) 11.4%, Prologis Inc (PLD) 8.7%, Equinix Inc (EQIX) 7.0%, American Tower Corp (AMT) 5.5%, Simon Property Group Inc (SPG) 4.6%, Public Storage (PSA) 4.5%, Ventas Inc (VTR) 4.5%, Cbre Group Inc (CBRE) 4.5%, Digital Realty Trust Inc (DLR) 4.4%, Vivmark Residential (VMRK) 4.4%, Realty Income Corp (O) 4.3%, Iron Mountain Inc (IRM) 3.9%, Crown Castle Inc (CCI) 3.4%, Extra Space Storage Inc (EXR) 3.3%, Vici Properties Inc (VICI) 3.0%, Sba Communications Corp (SBAC) 2.1%, Essex Property Trust Inc (ESS) 2.0%, Weyerhaeuser Co (WY) 1.8%, Host Hotels & Resorts Inc (HST) 1.7%, Kimco Realty Corp (KIM) 1.7%, Invitation Homes Inc (INVH) 1.7%, Healthpeak Properties Inc (DOC) 1.6%, Mid-America Apartment Communities Inc (MAA) 1.6%, Regency Centers Corp (REG) 1.4%, Costar Group Inc (CSGP) 1.3%, Bxp Inc (BXP) 1.1%, Camden Property Trust (CPT) 1.1%, Udr Inc (UDR) 1.1%, Federal Realty Investment Trust (FRT) 1.0%, Alexandria Real Estate Equities Inc (ARE) 0.9%.
Real Estate Stocks: common questions
What are the top 3 real estate stocks?
As of 12 October 2026, the three largest real estate stocks in XLRE by fund weight are Welltower Inc (WELL) (11.4%), Prologis Inc (PLD) (8.7%) and Equinix Inc (EQIX) (7.0%). Fund weight shows size inside the fund, not a recommendation.
Which real estate stocks are beating the sector?
As of 12 October 2026, 13 of the 30 real estate stocks Zensei prices in XLRE beat the fund over the past month. The strongest over the past month is Crown Castle Inc (CCI). The list above shows every holding with its weight and returns.
Are real estate stocks outperforming the S&P 500?
No. As of 12 October 2026, XLRE trails the S&P 500 by 4.7 points over the past month.
Is it a good time to invest in real estate stocks?
Zensei does not give investment advice, but it measures the trend. As of 12 October 2026, real estate stocks are behind the S&P 500 on both the recent and the longer window. The rotation map and the read on this page show whether that trend is building or fading.
What is XLRE?
XLRE is Real Estate Select Sector SPDR. Zensei uses it to measure real estate stocks against the S&P 500 (SPY).
What stocks does XLRE own?
As of 12 October 2026, the largest of the 30 positions Zensei tracks in XLRE are Welltower Inc, Prologis Inc, Equinix Inc, American Tower Corp, Simon Property Group Inc. Each position measured against the fund, with momentum and relative strength, comes with a free Zensei account.
What quadrant is real estate in right now?
As of 12 October 2026, real estate is in the Underperformers quadrant — trailing the S&P 500 on both windows. The Zensei methodology page explains the quadrants.
Recent changes
- ·First tracked: trailing the market
Related sectors
Track real estate against the whole market
Zensei Edge maps 100+ sectors and themes against the S&P 500 — with the stocks inside each one, rotation history and alerts when leadership changes hands.