REIT Replay: US REIT indexes dip during week ended July 10

Indexes for US equity real estate investment trusts slipped during the week ended July 10.

The Dow Jones Equity All REIT index closed the recent week down 0.61%, while the MSCI US REIT (RMZ) index finished down 0.86%.

For contrast, the S&P 500 closed the week up 1.23%, while the Dow Jones Industrial Average logged a 0.50% decline.

Among the Dow Jones US real estate property sector indexes, the industrial REIT index was the sole property sector to record an increase this past week, up 0.65%.

The office REIT index logged the largest decline, down 4.69%, followed by the apartment and hotel REIT indexes, both down 2.43%.

Data center REIT Fermi Inc. recorded the largest share-price decline among all US REIT stocks with at least $200 million in market capitalization, down 18.24%. Three office REIT stocks followed next. Hudson Pacific Properties Inc.'s share price declined 10.23% during the recent week, while Alexandria Real Estate Equities Inc. and SL Green Realty Corp. logged declines of 8.94% and 8.87%, respectively.

On the other end, office REIT Office Properties Income Trust logged the largest share-price increase during the week, up 5.42%, followed by data center REIT Equinix Inc. and industrial-focused First Industrial Realty Trust Inc. with share-price increases of 4.91% and 4.18%, respectively.

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