REIT Replay: Office, healthcare REITs lead gains during week ended July 2

US equity real estate investment trust indexes advanced during the week ended July 2, though at lower levels than the broader stock market indexes

The Dow Jones Equity All REIT index closed the recent week up 0.26%, while the MSCI US REIT (RMZ) index increased 0.45%.

The broader stock market indexes outpaced REITs during the period, with the S&P 500 climbing 1.71%, and the Dow Jones Industrial Average up 1.89%.

Most of the Dow Jones US real estate property sector indexes posted positive returns for the week. The healthcare REIT index led the pack with a 5.10% gain, followed closely by the office REIT index, up 4.86%. The apartment REIT index ranked third with an increase of 3.95%.

On the other hand, the self-storage and hotel REIT indexes closed the recent week in the red, down 1.53% and 0.63%, respectively.

Office REIT Hudson Pacific Properties Inc. posted the largest share-price increase for the week among all US REIT stocks with at least $200 million in market capitalization, up 18.25%. NexPoint Diversified Real Estate Trust ranked second with a 15.02% increase during the week, followed by Empire State Realty Trust Inc., another office REIT, with a 10.70% gain.

On the other end, information storage-oriented Iron Mountain Inc. recorded the largest share-price decline for the week, down 10.61%. Three data center REITs followed next. Digital Realty Trust Inc.'s share price declined 9.95% during the week, followed by Fermi Inc. and Equinix Inc. with share-price declines of 8.41% and 7.87%, respectively.

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