REIT Replay: US REIT indexes outperform broader market during week ended Jan. 16

Indexes for US equity real estate investment trusts outperformed the broader stock market during the week ended Jan. 16.

The Dow Jones Equity All REIT closed the recent week up 3.48%, compared to a small 0.38% drop for the S&P 500 and a 0.29% decrease for the Dow Jones Industrial Average.

All Dow Jones US real estate property sector indexes logged gains for the past week. The self-storage REIT index recorded the largest increase among the group, up 6.42%, followed by the healthcare and retail REIT indexes with increases of 2.97% and 2.82%, respectively.

Data center REIT Fermi Inc. logged the largest share-price increase among all US equity REITs with at least $200 million in market capitalization, up 10.29%. Healthcare REIT Diversified Healthcare Trust ranked second with a share-price increase of 9.63% for the week. Two communications REITs, American Tower Corp. and Crown Castle Inc., followed next with share-price increases of 8.94% and 8.61%, respectively.

On the other hand, office REIT Kilroy Realty Corp. recorded the largest share-price decrease for the recent week, down 5.40%. Industrial REIT Industrial Logistics Properties Trust and diversified American Assets Trust Inc. followed next with share-price declines of 5.10% and 4.56%, respectively.