REIT Replay: US REIT indexes outperform broader market during week ended July 17

Indexes for US equity real estate investment trusts advanced during the week ended July 17, outperforming the broader stock market. The Dow Jones Equity All REIT index closed the week up 2.81%, while the MSCI US REIT (RMZ) index grew 3.07% over the period.

The broader stock market indexes closed the recent week in the red, with the S&P 500 falling 1.55% and the Dow Jones Industrial Average down 0.93%.

The majority of Dow Jones US real estate property sector indexes logged increases during the past week. The industrial REIT index recorded the largest increase, up 6.06%, followed by the healthcare and office REIT indexes with increases of 5.12% and 4.60%, respectively.

The apartment REIT index was the sole property sector index to close the week in the red, down a small 0.12%.

Industrial REITs Rexford Industrial Realty Inc. and Terreno Realty Corp. recorded the largest share-price increases for the week among all US equity REITs with at least $200 million in market capitalization, with gains of 9.79% and 8.16%, respectively. NexPoint Diversified Real Estate Trust rounded out the top-three performing REIT stocks with an increase of 8.08%.

On the other end, data center REITs populated the worst-performing REIT stocks for the week. Fermi Inc. logged the largest share-price decline for the week, down 8.19%, followed by Blackstone Digital Infrastructure Trust Inc. with an 8.14% decline. Digital Realty Trust Inc. and Equinix Inc. ranked next with share-price declines of 3.62% and 2.97%, respectively.

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