Crown Castle (NYSE) – Investing.com reported Wednesday that the first quarter ended with revenue and forecasts that were higher than expected.

Crown Castle posted earnings per share (EPS) of $0.97 on $1.58B in revenue. Investing.com polled analysts and predicted an EPS of $0.9432 for revenue of $1.69B.

Crown Castle shares have increased by 6.26% since the start of the year. However, they are still below 5.69% of their 52-week high of $209.87 on December 31, 2021. They are outperforming the S&P 500 which is down 6.44% from the start of the year.

Crown Castle shares were down 3.16% after the report.

Crown Castle joins other important Real Estate Sector earnings in this month

Crown Castle’s earnings beat was achieved by Prologis Tuesday. They reported EPS at $1.54 for revenue $1.08B. This compares to Prologis forecasts of EPS at $0.6729 for revenue $1.08B.

Equity Lifestyle exceeded expectations with first quarter earnings per share of $0.45 on revenues of $285.07M. That compares with the $0.4101 forecast on revenue at $290.79M for $0.4101.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar