REIT Replay: REIT indexes fall alongside broader markets in 1st week of March

Indexes for US equity real estate investment trusts dropped alongside the broader markets during the first week of March, amid geopolitical concerns between Israel, Iran and the United States.

The Dow Jones Equity All REIT index closed the week down 2.10%, while the S&P 500 and Dow Jones Industrial Average also declined 2.02% and 3.01%, respectively.

All Dow Jones US real estate property sector indexes closed the recent week in the red, with the industrial REIT index logging the largest decline, down 4.86%. The office and retail REIT indexes followed next with declines of 3.05% and 2.41%, respectively.

Data center REIT Fermi Inc. recorded the largest share-price decline among all US REIT stocks with at least $200 million in market capitalization, down 19.66%. Regional mall REIT Macerich Co. and office REIT BXP Inc. followed next with share-price declines of 8.16% and 8.06%, respectively.

On the other end, communications REIT Uniti Group LLC logged the largest share-price increase of the group, up 9.97% over this past week. Industrial REIT Industrial Logistics Properties Trust ranked second with a share-price increase of 6.66%, followed by two office REITs, Net Lease Office Properties and SL Green Realty Corp., with share-price increases of 5.35% and 5.16%, respectively.