REIT Replay: US REIT indexes fall during week ended Dec. 19

Indexes for US real estate investment trusts fell during the week ended Dec. 19.

The Dow Jones Equity All REIT index dropped 1.18% over the recent week, while the MSCI US REIT (RMZ) index also fell 0.84%.

The broader stock market indexes diverged for the week, with the S&P 500 up a slight 0.10% but the Dow Jones Industrial Average down 0.67%.

Looking at the Dow Jones US real estate property sector indexes, the self-storage REIT index logged the largest decline for the week, down 4.42%. The office and industrial REIT indexes followed next with declines of 1.81% and 1.80%, respectively. On the other end, the apartment REIT index recorded the largest increase for the week, up 0.87%.

Data center REIT Fermi Inc. once again logged the largest share-price decline of all US REITs with at least $200 million in market capitalization, down 16.35% for the week. Fermi's share price closed Dec. 19 at $8.44 per share, nearly 60% below its IPO price of $21 per share.

Office REIT Hudson Pacific Properties Inc. and shopping center REIT SITE Centers Corp. followed next with share-price declines of 15.13% and 14.07%, respectively.

On the other hand, healthcare REIT Diversified Healthcare Trust recorded the largest share-price increase for the week, up 9.59%. Postal Realty Trust Inc., which primarily leases properties to the United States Postal Service, and healthcare REIT Community Healthcare Trust Inc. ranked second and third with share-price increases of 4.47% and 4.18%, respectively.