REIT Replay: US REITs outperform broader markets during week ended June 5

Indexes tracking US equity real estate investment trusts advanced during the week ended June 5, bucking a sell-off in the broader stock markets.

The Dow Jones Equity All REIT index closed the week up 1.08%, while the MSCI US REIT (RMZ) index increased 0.84%.

For comparison, the S&P 500 dropped 2.59% over the period. The Dow Jones Industrial Average also closed the week down a slight 0.32%.

Among the Dow Jones US real estate sector indexes, the apartment REIT index logged the largest increase over the recent week, up 4.64%. The office and hotel REIT indexes followed next with gains of 4.24% and 2.54%, respectively.

On the other hand, the healthcare and industrial REIT indexes recorded declines of 0.72% and 0.20%, respectively, during the week.

Hotel-focused Park Hotels & Resorts Inc. recorded the largest share-price increase for the week among US equity REITs with at least $200 million in market capitalization, jumping 15.83%. Office REIT Hudson Pacific Properties Inc. followed with a 14.69% gain. Share prices for Pebblebrook Hotel Trust and RLJ Lodging Trust, both hotel REITs, rose 10.75% and 8.94%, respectively, while office landlord Kilroy Realty Corp. rounded out the top five REIT stocks for the week with an 8.05% increase.

On the downside, multifamily REIT Aimco logged the largest share-price drop of the week, down 27.86%. Data center REIT Fermi Inc. recorded the second-largest share-price decline at 17.19%, followed by hotel-focused Service Properties Trust, with a 12.29% drop.

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