REIT Replay: REITs continue to outpace broader markets during week ended June 12

US equity real estate investment trust indexes advanced during the week ended June 12, outperforming the broader equity benchmarks. The Dow Jones Equity All REIT index climbed 1.75% while the MSCI US REIT (RMZ) increased 2.28%.

By contrast, major stock benchmarks posted more modest gains. The Dow Jones Industrial Average rose 0.66% while the S&P 500 increased 0.65%.

Nearly all Dow Jones US real estate property sector indexes recorded increases for the past week. The office REIT index logged the largest increase for the week, up 4.93%. The retail and self-storage REIT indexes followed next with gains of 3.96% and 3.87%, respectively.

The apartment REIT index was the sole property sector index to close the recent week in the red, down a slight 0.23%.

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 23.53%. Hotel REIT Chatham Lodging Trust ranked second with a share-price increase of 12.41%, followed by office-focused Hudson Pacific Properties Inc., up 11.28%.

On the other end, multifamily REIT Aimco logged the largest share-price decline for the week, down 4.95%. NexPoint Diversified Real Estate Trust and communications REIT American Tower Corp. followed next with share-price declines of 4.64% and 3.58%, respectively. Two farmland REITs, Farmland Partners Inc. and Gladstone Land Corp., were also among the top-five REITs by share-price declines at 3.39% and 3.34%, respectively.

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