REIT Replay: US REITs outperform broader market during week ended April 1

U.S. real estate investment trust indexes finished the week ended April 1 in the black, with the Dow Jones Equity All REIT index up 4.02% and the MSCI U.S. REIT (RMZ) index increasing 3.75%.

The broader markets were mostly flat for the week, with the Dow Jones Industrial average slipping 0.12% to about 34,818 and the S&P 500 inching up 0.06% to 4,546.

Every Dow Jones US real estate sector indexes recorded weekly share-price rises. The self-storage and industrial sectors had the biggest gains, increasing 5.56% and 5.36%, respectively, and apartment REITs saw share prices climb 3.14%.

The best-performing companies were shopping center REIT Saul Centers Inc., up 9.03% during the week, and data center-focused Equinix Inc., up 7.44%.

Terreno Realty Corp., an industrial REIT, logged the third-largest increase at 7.42%.

The biggest decline among REITs during the week was for office REIT Orion Office REIT Inc. with a 5.42% drop. Office REIT Vornado Realty Trust and hotel-focused Sunstone Hotel Investors Inc. posted the next-largest declines at 2.91% and 2.02%, respectively.