REIT Replay: REIT indexes dip during week ended June 13

US real estate investment trust indexes fell alongside the broader market during the week ended June 13.

The Dow Jones Equity All REIT index closed the recent week down a slight 0.45%, compared to a 0.39% drop for the S&P 500 and a 1.32% decline for the Dow Jones Industrial Average.

Among the Dow Jones US real estate sector indexes, the self-storage REIT index logged the largest decline during the recent week, down 1.30%. The industrial and healthcare REIT indexes followed next with declines of 1.12% and 0.64%, respectively. On the other hand, the apartment and office REIT indexes recorded weekly gains, both up 0.77%.

Hotel REIT Pebblebrook Hotel Trust logged the largest share-price decline among all US REITs with at least $200 million in market capitalization, with a share-price decline of 6.76%. Communications REIT Uniti Group Inc. and hotel REIT RLJ Lodging Trust followed next with share-price declines of 5.75% and 5.11%, respectively.

Office REIT Hudson Pacific Properties Inc.'s share price continued to climb during the recent week, up 16.60%, the largest increase among the group. Hotel REIT Summit Hotel Properties Inc. and Postal Realty Trust Inc., which primarily leases properties to the United States Postal Service, ranked in the second and third spots with share-price increases of 6.28% and 5.41%, respectively.