REIT Replay: US REIT stocks continue rise during week ended Oct. 24

US real estate investment trust indexes underperformed the broader markets during the week ended Oct. 24, but still rose more than 1%.

The Dow Jones Equity All REIT index closed the week up 1.01%, compared to a 1.92% gain for the S&P 500 and a 2.20% increase for the Dow Jones Industrial Average.

Nearly all Dow Jones US real estate property sector indexes ended the week in the black. The office REIT index logged the largest increase, up 1.73%, followed by the apartment and industrial REIT indexes with increases of 1.53% and 1.17%, respectively.

The self-storage REIT index was the sole property sector index of the group to close the week in the red, down 0.77%.

Peakstone Realty Trust, which owns a mix of office and industrial properties, logged the largest share-price increase among all US REITs with at least $200 million in market capitalization at 13.71%. Office REIT Empire State Realty Trust Inc. and industrial REIT Industrial Logistics Properties Trust followed next with share-price increases of 9.63% and 9.24%, respectively.

Data center-focused Fermi Inc. recorded the largest decline this past week, with its stock tumbling 12.81%. Timber REIT Rayonier Inc. posted the second-largest drop at 6.46%, followed by industrial REIT Rexford Industrial Realty Inc., which logged a decline of 3.56%.