REIT Replay: REIT share prices tick up in week ended Feb. 14

Share prices for US equity real estate investment trusts continued to edge higher during the week ended Feb. 14.

The Dow Jones Equity All REIT index closed the recent week up a slight 0.14%, compared with a 1.47% increase for the S&P 500 and a 0.55% rise for the Dow Jones Industrial Average.

By property sector, the healthcare REIT-focused index logged the biggest gain this past week, up 3.79%. The industrial REIT index followed next, with an increase of 2.26%.

The self-storage and office REIT indexes logged weekly declines, with drops of 3.52% and 2.99%, respectively. The hotel and apartment REIT indexes followed next, down 0.84% and 0.28%, respectively.

Among US REITs with at least $200 million in market capitalization, office REIT Franklin Street Properties Corp. posted the largest rise in share price this past week, up 11.11%. Multifamily REIT Elme Communities and healthcare REIT Ventas Inc. followed next, up 10.73% and 9.80%, respectively.

By contrast, office REITs Piedmont Office Realty Trust Inc. and Hudson Pacific Properties Inc. recorded the largest share-price declines this past week, at 13.18% and 13.08%, respectively. Information storage-focused Iron Mountain Inc. followed next, with its share price down 10.04%.