REIT Replay: US REIT indexes outperform broader market during last week of Feb.

The Dow Jones Equity All REIT index continued to rise during the final week of February, up 0.97%.

The broader stock market closed the recent week in the red, with the S&P 500 down 0.44% and the Dow Jones Industrial Average falling 1.31%.

Looking at the Dow Jones US real estate property sector indexes, the retail REIT index logged the largest increase over the past week, up 1.53%. The industrial REIT index followed next, up 1.17%, followed by the apartment and healthcare REIT indexes with gains of 0.57% and 0.31%, respectively.

On the other end, the office REIT index fell 3.02% during the week, while the hotel and self-storage REIT index also declined 0.45% each.

Cannabis-oriented Innovative Industrial Properties Inc. recorded the largest share-price increase during the week among all US REIT stocks with at least $200 million in market capitalization, up 15.86%. On Monday, Feb. 23, Innovative Industrial Properties released its earnings for 2025, where it reported adjusted funds from operations of $205.4 million, or $7.24 per diluted share, topping its consensus estimate for the year.

Office REIT Hudson Pacific Properties Inc. and farmland REIT Gladstone Land Corp. followed next with share-price gains of 13.66% and 12.56%, respectively.

On the other end, multifamily REIT Aimco logged the largest share-price decline for the week, down 23.83%. The REIT's share-price decline followed the payout of its $1.45-per-share initial liquidation dividend. Communications REIT Uniti Group Inc. and office REIT Kilroy Realty Corp. followed next with share-price declines of 14.69% and 7.51%, respectively.