REIT Replay: REIT stocks close week ended Nov. 21 largely flat

The broad US real estate investment trust indexes closed the week ended Nov. 21 largely flat.

The Dow Jones Equity All REIT closed the recent week down a slight 0.09%, while the MSCI US REIT (RMZ) index rose 0.14%.

For comparison, the broader stock market indexes closed the recent week in the red, with the S&P 500 down 1.95% and the Dow Jones Industrial Average down 1.91%.

Among the Dow Jones US real estate property sector indexes, the healthcare and apartment REIT indexes closed the week with the largest increases, up 2.45% and 2.03%, respectively, while the industrial REIT index followed closely behind with a 1.94% increase.

On the other end, the hotel and self-storage REIT indexes logged the largest declines for the week, down 3.07% and 2.82%, respectively. The office REIT index also closed the week down 2.12%.

Healthcare REIT Medical Properties Trust Inc. recorded the largest share-price increase among all US REITs with at least $200 million in market capitalization, up 7.07%. Office REIT COPT Defense Properties ranked second with a share-price increase of 4.18% and advertising REIT OUTFRONT Media Inc. was third with a 3.67% increase.

Energy-oriented Fermi Inc.'s share price continued to fall during the past week, down another 21.60% to $14.34 per share as of Nov. 21. Three office REITs — Hudson Pacific Properties Inc., SL Green Realty Corp. and Empire State Realty Trust Inc. — followed with share-price declines of 16.35%, 8.42% and 6.98%, respectively.