REIT Replay: REIT indexes outperform broader markets during week ended Sept. 26

Indexes for US real estate investment trust stocks grew during the week ended Sept. 26, outperforming the broader stock markets.

The Dow Jones Equity All REIT index increased 0.71% over the recent week, while the MSCI US REIT (RMZ) index also grew 0.74%.

The broader stock market indexes closed the recent week in the red, with the S&P 500 down 0.31% and the Dow Jones Industrial Average decreasing 0.15%.

Among the Dow Jones US real estate property sector indexes, the healthcare REIT index closed the week with the largest increase, up 3.79%. The self-storage and retail REIT indexes followed next with increases of 1.44% and 1.02%, respectively. On the other hand, the office REIT index fell 2.56% during the week, while the apartment REIT index also fell 0.45%.

Healthcare REIT Welltower Inc. logged the largest share-price increase among all US REITs with at least $200 million in market capitalization, up 5.88%. Office REIT Empire State Realty Trust Inc. and shopping center REIT SITE Centers Corp. ranked second and third with share-price increases of 2.96% and 2.88%, respectively.

On the other end, healthcare REIT Global Medical REIT Inc. recorded the largest share-price decline for the week, down 11.02%. Washington, DC-focused JBG Smith Properties and diversified Armada Hoffler Properties Inc. followed next with share-price decreases of 7.91% and 7.60%, respectively.