REIT Replay: REIT stocks, indexes feast during Thanksgiving week

US real estate investment trusts stocks gobbled up gains during the week of Thanksgiving, with the Dow Jones Equity All REIT index climbing 1.72% and the MSCI US REIT (RMZ) index rising 1.82%.

The broader market did even better, with the S&P 500 soaring 3.73% and the Dow Jones Industrial Average finishing up 3.18%.

Every Dow Jones US real estate property sector index closed the holiday-shortened week in the black. The office REIT index recorded the largest gain at 4.00%, with the healthcare and industrial REIT indexes following with increases of 2.73% and 1.76%, respectively. Retail and hotel REIT indexes had the most meager increases, ticking up 0.86% and 0.93%, respectively.

Data center REIT Fermi Inc. logged the largest share-price increase among all US REITs with market capitalization of at least $200 million. Its stock jumped 14.99% to $16.49 as of the Nov. 28 close. A pair of office REITs, Hudson Pacific Properties Inc. and Vornado Realty Trust, ranked next with share-price increases of 13.79% and 8.81%, respectively.

Broadstone Net Lease Inc. recorded the largest share-price decline for the week as its stock fell 3.99%. Industrial REIT Plymouth Industrial REIT Inc. and shopping center REIT Brixmor Property Group Inc. followed next with declines of 1.30% and 0.95%, respectively.