REIT Replay: REIT share prices rise in week ended May 16

Share prices for US equity real estate investment trusts rose during the week ending May 16, but REIT stocks lagged behind the S&P 500.

The Dow Jones Equity All REIT closed the recent week up 1.10%, compared to a 5.27% increase for the S&P 500 and a 3.41% gain for the Dow Jones Industrial Average.

Nearly all Dow Jones US real estate property sector indexes logged weekly gains. The industrial REIT index recorded the largest increase of 3.66%, followed by the office and self-storage indexes, which rose by 2.46% and 2.32%, respectively. The healthcare REIT index was the sole property sector index that declined during the week, down 0.08%.

Service Properties Trust recorded the largest share-price increase among all US equity REITs with at least $200 million in market capitalization over the past week, with the hotel REIT's shares climbing 10.45%. Advertising REIT OUTFRONT Media Inc. and industrial REIT Industrial Logistics Properties Trust ranked next with share-price gains of 9.93% and 9.84%, respectively.

On the other end, office REIT Hudson Pacific Properties Inc. logged the largest share-price decline during the week, down 8.37%. Healthcare REIT Medical Properties Trust Inc. ranked next with a 3.24% decline, followed by all three communications REITs: American Tower Corp., SBA Communications Corp. and Crown Castle Inc.