REIT Replay: US REIT indexes tick up in final week of January

US real estate investment trust stocks edged higher during the week ended Jan. 30.

The Dow Jones Equity All REIT index rose 0.56%, while the MSCI US REIT (RMZ) index grew 0.74%.

The broader stock market indexes diverged during the week. The S&P 500 was up 0.34%, while the Dow Jones Industrial Average fell 0.42%.

Looking at the Dow Jones US real estate property sector indexes, the industrial REIT index logged the largest increase for the past week, up 1.69%, followed by the retail index with an increase of 1.51% and the healthcare REIT index with a 1.43% gain.

On the other end, the office REIT index recorded the largest decline during the week, falling 3.25%. The self-storage and hotel REIT indexes also logged declines of 2.13% and 1.84%, respectively.

Farmland REIT Gladstone Land Corp. recorded the largest share-price increase for the week among all US equity REITs with at least $200 million in market capitalization, rising 15.90%. Communications REIT Uniti Group Inc. ranked second with a share-price increase of 12.43%. Diversified NexPoint Diversified Real Estate Trust came in third with a share-price gain of 11.14%.

Data center REIT Fermi Inc. logged the largest share-price decline for the week, down 11.02%. Two office REITs, Alexandria Real Estate Equities Inc. and Hudson Pacific Properties Inc., followed next with share-price declines of 8.46% and 8.30%, respectively.