REIT Replay: US REIT indexes rise in final week of May

US equity real estate investment trust stocks rallied during the last week of May, with the Dow Jones Equity All REIT index climbing 2.68% and the MSCI US REIT (RMZ) index rising 2.95%.

The broader market indexes also notched gains, with the S&P 500 up 1.88% and the Dow Jones Industrial Average higher by 1.60%.

All Dow Jones US real estate property sector indexes logged weekly increases. The apartment REIT index recorded the largest gain, up 4.06%, followed by the industrial REIT index, up 3.64%. The self-storage and office REIT indexes ranked next with increases of 3.46% and 3.38%, respectively.

Office REIT Piedmont Office Realty Trust Inc. posted the best performance this past week, with a 9.20%. Regional mall REIT Macerich Co. and hotel-focused Service Properties Trust followed next with increases of 8.66% and 6.91%, respectively.

Industrial REITs Lineage Inc. and Americold Realty Trust Inc. were the worst performers, posting share-price declines of 5.57% and 1.49%, respectively. Office REIT Hudson Pacific Properties Inc. followed next as its stock dropped 1.06% on the week.