REIT Replay: US REIT indexes fall during week ended June 18

US equity real estate investment trust indexes weakened during the week ended June 18, even as the major equity benchmarks advanced. The MSCI US REIT (RMZ) index closed the week down 1.93%, while the Dow Jones Equity All REIT index fell 2.53%.

By contrast, the broader stock market moved higher. The S&P 500 finished the week up 1.44%, and the Dow Jones Industrial Average climbed 1.41%.

All Dow Jones US real estate property sector indexes closed the recent week in the red. The apartment REIT index recorded the steepest decline, down 3.81%, followed closely by the industrial REIT index, which fell 3.70%. The office and retail REIT indexes followed next with declines of 2.89% and 2.81%, respectively.

NexPoint Diversified Real Estate Trust logged the largest share-price decline among all US REITs with at least $200 million in market capitalization, down 11.18%. Communications REIT Crown Castle Inc. and industrial REIT Industrial Logistics Properties Trust also recorded double-digit share-price declines of 10.85% and 10.10%, respectively.

On the other hand, data center-focused Fermi Inc. posted the largest share-price gain for the week, up 36.69%. Three hotel REITs — Pebblebrook Hotel Trust, Chatham Lodging Trust and Summit Hotel Properties Inc. — followed next with share-price increases of 7.50%, 5.36% and 5.07%, respectively.

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