REIT Replay: REIT indexes largely flat during week ended Feb. 20

The Dow Jones Equity All REIT index closed the week ended Feb. 20 mostly flat, down a very slight 0.06%.

The broader stock market indexes logged small gains during the week, with the S&P 500 up 1.07% and the Dow Jones Industrial Average up 0.25%.

Among the Dow Jones US real estate property sector indexes, the self-storage and hotel REIT indexes logged the largest increases for the week, up 2.27% and 2.25%, respectively. The industrial and retail REIT indexes followed next with gains of 2.04% and 1.60%, respectively.

On the other hand, the apartment and healthcare REIT indexes closed the recent week in the red, down 0.61% and 0.57%, respectively.

Two regional mall REITs topped the chart with the largest share-price increases for the week among all US equity REITs with at least $200 million in market capitalization. Macerich Co. closed the week up 9.61%, while CBL & Associates Properties Inc. followed closely behind with a 9.04% gain. Cold storage-oriented Americold Realty Trust Inc. rounded out the top-three performing REIT stocks for the week, up 8.50%.

On the other end, office REIT Net Lease Office Properties' share price plunged 31.06% during the week, the largest share-price decline of the REIT sector. The REIT's recent drop in share price coincides with its $6.75 per share dividend related to the sale of three office buildings for approximately $130.6 million in gross proceeds.

Data center REIT Fermi Inc. recorded the second-largest share-price decline for the week, down 11.37%, followed by Armada Hoffler Properties Inc. with a share-price drop of 11.32%.