REIT Replay: US REIT indexes slip during week ended April 24

Indexes for US equity real estate investment trusts (REITs) moved lower during the week ended April 24, underperforming the broader stock market.

The Dow Jones Equity All REIT index closed the week down 1.35%, while the MSCI US REIT (RMZ) index fell 1.29%. The broader stock market indexes diverged during the week, with the S&P 500 up 0.55% but the Dow Jones Industrial average down 0.44%.

Nearly all Dow Jones US real estate property sector indexes closed the recent week in the red. The retail REIT index logged the largest decline, down 2.37%, followed by the industrial and healthcare REIT indexes with declines of 1.94% and 1.31%, respectively.

The office REIT index was the sole property sector index to close the week with a gain, up a very slight 0.07%.

Healthcare REIT Sila Realty Trust Inc. recorded the largest share-price increase for the week among all US equity REITs with at least $200 million in market capitalization, up 19.08%. Industrial REIT Industrial Logistics Properties Trust ranked second with a share-price increase of 14.88%, followed by office REIT Hudson Pacific Properties Inc. up 12.47%.

On the other end, data center REIT Fermi Inc. logged the largest share-price decline for the week, down 17.56%. Healthcare REIT National Health Investors Inc. and retail REIT Essential Properties Realty Trust Inc. ranked next with share-price declines of 10.10% and 6.21%, respectively.