REIT Replay: US REIT indexes continue to tick up during week ended May 8

Indexes for US equity real estate investment trusts continued to tick up during the week ended May 8. The Dow Jones Equity All REIT index closed the week up 0.56%, while the MSCI US REIT (RMZ) index grew 0.66% over the same period.

The broader stock market indexes also logged gains for the recent week, with the S&P 500 up 2.33% and the Dow Jones Industrial Average increasing a slight 0.22%

Nearly all of the Dow Jones US real estate property sector indexes recorded increases for the recent week. The office REIT index logged the largest increase, up 4.70%, followed by the industrial and hotel indexes with increases of 3.03% and 2.62%, respectively.

The retail REIT index was the sole property sector index to close the week in the red, down a small 0.55%.

Cold storage-focused Americold Realty Trust Inc. recorded the largest share-price increase among all US equity REITs with at least $200 million in market capitalization, up 20.85%. Healthcare REIT Healthpeak Properties Inc. ranked second, with its share price up 19.61% for the week, followed by office REIT Hudson Pacific Properties Inc., up 17.62%.

On the other end, residential REIT Millrose Properties Inc. logged the largest share-price decline for the week, down 11.33%. Heathcare-focused Chiron Real Estate Inc. and diversified REIT NexPoint Diversified Real Estate Trust followed next, with share-price declines of 4.17% and 3.23%, respectively.

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