REIT Replay: REIT stocks underperform broader market during week ended Sept. 12

US equity real estate investment trust indexes continued to tick upwards during the week ended Sept. 12, however underperformed compared to the broad US stock market indexes.

The Dow Jones Equity All REIT index closed the recent week up a slight 0.30%, compared to a larger 1.59% gain for the S&P 500 and a 0.95% increase for the Dow Jones Industrial Average.

Among the Dow Jones US real estate property sector indexes, the industrial REIT index closed the week with the largest increase, up 0.90%. The healthcare REIT index followed closely behind with an increase of 0.88%, while the office and self-storage also logged increases of 0.66% and 0.22%, respectively.

On the other hand, the apartment REIT index fell 1.09% over the week, the largest decrease of the group, followed by the hotel REIT index with a drop of 0.77%. The retail REIT index also closed down a very slight 0.06% for the week.

Healthcare REIT Medical Properties Trust Inc. logged the largest share-price increase for the week among all US REIT stocks with at least $200 million in market capitalization, up 11.28%. Diversified REIT EPR Properties and healthcare REIT Diversified Healthcare Trust followed next with share-price increases of 9.78% and 8.01%, respectively.

On the other end, office REIT Paramount Group Inc. closed the week with the largest share-price decline, down 5.56%. Shopping center REIT SITE Centers Corp. followed next with a share-price decline of 5.46%, while Hawaii-focused Alexander & Baldwin Inc. recorded the third-largest share-price decline at 5.25%.