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REIT Replay: REIT share prices grow with broader market in week ended Jan. 17

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REIT Replay: REIT share prices grow with broader market in week ended Jan. 17

Share prices for U.S. equity real estate investment trusts increased along with the broader market during the week ended Jan. 17.

The SNL U.S. REIT Equity index finished the week up 2.56%, while the Dow Jones Industrial Average and S&P 500 rose 1.82% and 1.97%, respectively.

Every SNL REIT property sector index recorded weekly share-price gains. The SNL U.S. REIT Industrial and SNL U.S. REIT Healthcare indexes took the top two spots, up 4.30% and 3.66%, respectively, and retail REITs saw share prices climb 2.79%.

Healthcare REIT Global Medical REIT Inc.'s share price increased 10.45% this past week, the largest price increase of any REIT stock, followed by Brookfield Property REIT Inc., a regional mall REIT, at 8.01%.

Hotel REIT CorePoint Lodging Inc. rounded out the top three with an increase of 6.99%.

The largest decline among REITs during the week was for communications REIT Uniti Group Inc. with a 5.98% drop. Data center REIT CyrusOne Inc. and outlet center-focused Tanger Factory Outlet Centers Inc. posted the next-largest declines at 5.22% and 3.64%, respectively.

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