REIT Replay: REIT indexes underperform broader market during week ended Nov. 14

Indexes for US real estate investment trusts underperformed the broader stock market during the week ended Nov. 14.

The Dow Jones Equity All REIT index closed the recent week down 0.92%, while the MSCI US REIT (RMZ) index fell 1.35% over the week.

By comparison, the broader stock market indexes closed the week largely flat, with the S&P 500 up a very slight 0.08% and the Dow Jones Industrial Average up 0.34%.

Among the Dow Jones US real estate property sector indexes, the self-storage REIT index logged the largest decline for the past week, down 4.15%. The office and industrial REIT indexes followed next with declines of 3.37% and 1.65%, respectively.

The healthcare REIT index recorded a 1.26% gain for the past week, while the apartment REIT index was up by a very slight 0.07%.

Energy-oriented Fermi Inc. logged the biggest share-price drop for the week among all US REITs with at least $200 million in market capitalization, down 24.89%. Hotel-focused Service Properties Trust and data storage-oriented Iron Mountain Inc. followed next, with share-price declines of 15.00% and 12.25%, respectively.

Multifamily REIT Centerspace recorded the largest share-price increase for the sector, up 11.79%. Advertising REIT OUTFRONT Media Inc. and net-lease REIT FrontView REIT Inc. ranked second and third, with share-price gains of 9.52% and 8.88%, respectively.