REIT Replay: US REIT indexes keep growing during week ended April 17

Indexes for US equity real estate investment trusts further climbed during the week ended April 17, along with the broader stock market indexes.

The Dow Jones Equity All REIT index closed the recent week up another 3.52%, compared to a 4.54% increase for the S&P 500 and a 3.19% rise for the Dow Jones Industrial Average.

All Dow Jones US real estate property sector indexes closed the recent week in the black. The office REIT index recorded the largest increase for the week, up 8.93%, followed by the self-storage and industrial REIT indexes with increases of 5.43% and 5.27%, respectively.

Data center REIT Fermi Inc. recorded the largest share-price increase among all US equity REITs with at least $200 million in market capitalization, up 34.50%. Fermi recently revealed new strategic initiatives along with a leadership revamp to position the REIT for long-term, sustainable growth.

Office REIT Hudson Pacific Properties Inc. ranked second with a share-price gain of 26.09% for the week, while industrial REIT Industrial Logistics Properties Trust rounded out the top-three performing REIT stocks for the week with a share-price increase of 16.43%.

Only six REITs above $200 million market capitalization closed the recent week in the red. Healthcare REIT National Health Investors Inc. logged the largest share-price decline of the week, down 0.96%. Farmland REIT Gladstone Land Corp. and healthcare REIT CareTrust REIT Inc. followed next with share-price declines of 0.87% and 0.48%, respectively.