REIT Replay: REIT share prices jump during week leading up to Memorial Day

US equity real estate investment trust indexes advanced during the week ended May 22, outperforming the broader stock market.

The Dow Jones Equity All REIT index closed the week up 3.12%, while the MSCI US REIT (RMZ) index followed with a 2.72% gain. By contrast, the S&P 500 recorded a smaller 0.88% increase, while the Dow Jones Industrial Average climbed 2.13%.

All Dow Jones US real estate property sector indexes logged increases during the recent week. The industrial REIT index posted the largest gain, up 3.77% for the week. The hotel and apartment REIT indexes closely followed with increases of 3.75% and 3.54%, respectively.

Healthcare REIT Chiron Real Estate Inc. recorded the largest share-price increase for the week among all US equity REITs with at least $200 million in market cap, up 11.60%. Diversified REIT American Assets Trust Inc. and recently IPO'd data center REIT Blackstone Digital Infrastructure Trust Inc. ranked second and third with increases of 9.68% and 9.45%, respectively.

On the other end, data center-focused Fermi Inc. logged the largest share-price decline for the week, down 8.14%. NexPoint Diversified Real Estate Trust saw the second-largest share-price decline of the sector, down 1.91%, followed by office REITs Douglas Emmett Inc. and Kilroy Realty Corp. with share-price declines of 1.88% and 1.14%, respectively.

Disclaimer: This content may be AI-assisted and is composed, reviewed, edited and approved by a human at S&P Global.