REIT Replay: REIT indexes grow with broader markets during week ended July 4

Share prices for US equity real estate investment trusts grew alongside the broader markets during the week leading up to the US Independence Day.

The Dow Jones Equity All REIT index closed the recent week up 1.72%, while the S&P 500 and Dow Jones Industrial Average increased 2.25% and 3.32%, respectively.

Nearly all Dow Jones US real estate property sector indexes closed in the black in the recent week. The hotel REIT index logged the largest increase, up 3.53%, followed by the industrial and self-storage REIT indexes with gains of 2.60% and 2.51%, respectively.

The apartment REIT index was the sole property sector index to close the recent week in the red, down a slight 0.26%.

NexPoint Diversified Real Estate Trust closed the recent week with the largest share-price increase among all US REITs with at least $200 million in market capitalization, up 8.55%. Hotel REIT Pebblebrook Hotel Trust and healthcare REIT Global Medical REIT Inc. ranked in the second and third spots with increases of 8.22% and 7.86%, respectively.

On the other end, shopping center REIT SITE Centers Corp. logged the largest share-price decline over the week, down 9.48%. Industrial REIT Lineage Inc. and healthcare REIT Medical Properties Trust Inc. followed next with share-price declines of 2.94% and 2.67%, respectively.