REIT Replay: US REIT share prices tick down during week ended May 9

Share prices for US equity real estate investment trusts lost ground alongside the broader market during the week ending May 9.

The Dow Jones Equity All REIT closed the recent week down 0.61%, while the S&P 500 and Dow Jones Industrial Average logged declines of 0.47% and 0.16%, respectively.

Among the Dow Jones US real estate property sector indexes, the apartment REIT index fell the furthest this past week, down 2.94%. The healthcare and office REIT indexes dropped 0.52% and 0.30%, respectively.

Several of the indexes recorded small increases this past week. The self-storage REIT index closed the recent week up 0.59%, while the hotel and industrial REIT indexes climbed 0.51% and 0.50%, respectively.

Looking at individual REIT performance, Diversified Healthcare Trust's shares soared 33.04% over the past week, the largest increase of any REIT with at least $200 million in market capitalization.

The Diversified Healthcare Trust's jump in share price followed its first-quarter earnings release, where the healthcare REIT reported significant improvement in its senior housing operating portfolio, with same-store net operating income for the segment up 42.1% year over year.

Diversified net lease REIT Global Net Lease and healthcare REIT American Healthcare REIT Inc. followed next with increases of 8.02% and 7.31%, respectively.

On the other end, healthcare REIT Global Medical REIT Inc. logged the largest decline, down 12.68%. Temperature-controlled logistics REIT Americold Realty Trust Inc. followed next as its shares dropped 11.98%, while communications REIT Uniti Group Inc. rounded out the bottom three with a 8.87% drop.