Earnings Recap - February 21, 2026 (Morning)

 ## Overnight Earnings Movers Companies that reported after yesterday's close or before today's open: ### Beats & Positive Reactions **$CWK** - Cushman & Wakefield - Reported record revenue of $2.8 billion for Q4, up 15% year-over-year. The strong demand in commercial real estate is driving growth, leading to a positive stock reaction. ### Misses & Negative Reactions **$AVB** - AvalonBay Communities - Reported Q4 earnings of $1.90 per share on revenue of $550 million, missing analyst expectations of $2.05 per share. Citi has lowered their price target on the stock due to a mixed outlook for the multifamily REIT sector. ## Reporting Today Companies expected to report earnings today: - **$WPC** - Before market - Key metrics to watch include FFO guidance and any commentary on net lease investment activity. - **$PLNT** - After market - Focus on membership growth and debt levels amid ongoing valuation concerns. ## Earnings Themes What patterns are emerging from recent reports? - Revenue trends show a robust demand in commercial real estate, as seen with **$CWK**. - Margin pressures are evident in the multifamily REIT sector, highlighted by **$AVB**'s disappointing results. - Guidance sentiment is mixed, with some companies raising forecasts while others, like **$AVB**, are lowering expectations. ## Earnings Trade Ideas 1. Consider taking a position in **$CWK** following their strong revenue performance and optimistic outlook in the commercial real estate market. 2. Monitor **$WPC** closely as strong net lease investment activity could present a buying opportunity if they report favorable results today.