REIT Replay: REIT indexes drop alongside broader market during week ended Aug. 1

US real estate investment trust indexes declined in the recent week in tandem with the broader stock market.

The Dow Jones Equity All REIT index fell 3.59% over the recent week, compared to a 2.36% drop for the S&P 500 and a 2.92% decline for the Dow Jones Industrial Average.

Nearly all Dow Jones US real estate property sector indexes closed the recent week in the red. The apartment REIT index logged the largest decline over the week, down 7.42%. The office and self-storage REIT indexes followed next with declines of 6.32% and 4.94%, respectively.

The healthcare REIT index was the sole Dow Jones US real estate property sector index to close the recent week in the black, up 1.75%.

Communications REIT Uniti Group Inc. recorded the largest share-price decline among all US REITs with at least $200 million in market capitalization, down 15.34%. Hotel-focused Service Properties Trust and FrontView REIT Inc., a diversified net-lease REIT, ranked next, with share-price declines of 14.52% and 12.13%, respectively.

On the other end, Washington, DC-focused JBG Smith Properties saw the largest share-price increase for the week, up 7.01%. Healthcare REIT American Healthcare REIT Inc. and manufactured home REIT Sun Communities Inc. followed next with share-price increases of 4.12% and 3.90%, respectively.