REIT Replay: REIT share prices decline for 4th consecutive week

Indexes for US equity real estate investment trusts further declined alongside the broader markets during the week ended March 27, marking the fourth consecutive week of falling REIT share prices.

The Dow Jones Equity All REIT closed the recent week down 0.80%, while the MSCI US REIT (RMZ) logged a smaller decline of 0.52%.

The broader stock market indexes recorded larger declines during the week, with the S&P 500 down 2.12% and the Dow Jones Industrial Average declining 0.90%.

All Dow Jones US real estate property sector indexes closed the recent week in the red, with the office REIT index falling the most, down 2.06%. The retail REIT index followed next, declining 1.31%. The industrial REIT index logged the smallest decline of the group, down a very slight 0.03%, followed by the apartment and healthcare REIT indexes with decreases of 0.27% and 0.36%, respectively.

Data center REIT Fermi Inc. recorded the largest share-price decline for the week among all US equity REITs with at least $200 million in market capitalization, down 14.17%. Office REIT Brandywine Realty Trust and diversified AH Realty Trust Inc. followed next with share-price declines of 11.15% and 9.81%, respectively.

On the other hand, NexPoint Diversified Real Estate Trust logged the largest share-price increase for the week, up 6.25%. Timber REIT Weyerhaeuser Co. and office-focused Net Lease Office Properties ranked second and third with share-price increases of 6.19% and 5.27%, respectively.