REIT Replay: US REIT indexes decline during week ended Jan. 23

Indexes tracking US equity real estate investment trusts declined during the week ended Jan. 23.

The Dow Jones Equity All REIT index fell 2.36% over the recent week, while the MSCI US REIT (RMZ) index also dropped 2.26%.

The broader stock market indexes also logged small declines, with the S&P 500 down 0.35% and the Dow Jones Industrial Average down 0.53%.

All of the Dow Jones US real estate property sector indexes also closed the recent week in the red. The industrial and self-storage REIT indexes logged the largest declines, down 3.89% and 3.77%, respectively, followed by the healthcare REIT index with a decline of 2.98%.

Industrial REIT Industrial Logistics Properties Trust recorded the largest share-price decline among all US equity REITs with at least $200 million in market capitalization, down 6.21%. Ground lease-oriented Safehold Inc. logged the second-largest share-price decline this past week, down 5.74%. Three office REITs followed next to round out the bottom-five performing REIT stocks. Hudson Pacific Properties Inc.'s share price dropped 5.62% over the week, while Kilroy Realty Corp. and SL Green Realty Corp. both recorded share-price drops of 5.60%.

On the other end, NexPoint Diversified Real Estate Trust logged the largest share-price increase during the week, up 9.11%. Net lease-focused Alpine Income Property Trust Inc. and hotel REIT Xenia Hotels & Resorts Inc. rounded out the top-three with share-price increases of 3.82% and 3.61%, respectively.