REIT Replay: Industrial REITs log highest share price gain in week ended Nov. 19

U.S. real estate investment trust indexes finished the week ended Nov. 19 mostly flat, with the Dow Jones Equity All REIT index holding steady at 480.05 and the MSCI U.S. REIT (RMZ) index inching 0.22% higher to 1,497.34.

The broader markets were mixed during the week, with the Dow Jones Industrial Average down 1.38% and the S&P 500 up 0.32%.

By property sector, the Dow Jones U.S. Real Estate Industrial index recorded the largest increase in share prices, up 2.21%. The self-storage and retail indexes followed, up 0.84% and 0.51%, respectively. On the other hand, the hotels and office indexes logged the largest share-price declines for the past week, at 4.20% and 1.37%, respectively.

The best-performing companies were cold-storage-focused Americold Realty Trust, up 7.85% week over week, and data center-focused Digital Realty Trust Inc., up 5.92%.

Rayonier Inc., a timber REIT, saw the third-largest increase at 4.60%.

The largest decline among REITs during the week was for Postal Realty Trust Inc., which leases properties to the U.S. Postal Service, with an 8.67% drop. Hotel REIT Hersha Hospitality Trust and prison-focused GEO Group Inc. posted the next-largest declines at 7.80% and 7.53%, respectively.

Office REIT Orion Office REIT Inc. recently completed its spinoff from Realty Income Corp. and began trading on the NYSE Nov. 15. While Orion Office REIT was excluded from the analysis, it saw a significant drop in share price during the week, closing more than 20% lower from its opening price Nov. 15.