The broader market and U.S. real estate investment trusts closed in the red for the week ended May 31. The Dow Jones Industrial Average and S&P 500 ended the week down 3.01% and 2.62%, respectively, while the MSCI U.S. REIT (RMZ) index and the SNL U.S. REIT Equity index finished down 1.84% and 1.23%, respectively.

IStar Inc. saw its share price rise the most for the second week running, logging a 14.81% increase. Office REIT CIM Commercial Trust and SBA Communications Corp. finished with the second- and third-highest rise in per-share prices at 6.33% and 3.67%, respectively.

At the opposite end of the spectrum, Braemar Hotels & Resorts Inc. ended the week as the worst-performing stock, losing 13.43% in value. Regional mall REIT Washington Prime Group Inc. followed with an 11.64% share-price drop.

The SNL U.S. Self-Storage REIT index finished the week up 0.34%, the only positive return out of all the major property indexes. The hotel and retail sectors were the worst-performing indexes, losing 5.17% and 3.44% in value.

Brookfield Property REIT Inc. was the most actively traded REIT stock for the week, with an average daily volume equal to about 5.3% of its outstanding common stock. Cannabis-oriented Innovative Industrial Properties Inc. followed, with an average daily trading volume of about 3.2%.