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REIT Replay: REITs, broader markets log gains in week ended July 5

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REIT Replay: REITs, broader markets log gains in week ended July 5

U.S. equity real estate investment trusts and the broader markets posted week-over-week gains for the week ended July 5. By sector, hotel REITs logged the largest increase, at 1.92%, followed by healthcare REITs, which rose 1.81%.

Shopping center REIT DDR Corp., which closed its spinoff of Retail Value Inc. on Monday, logged the largest decline, slumping 18.36% over the week.

DDR peer Cedar Realty Trust Inc., on the other hand, was the top performer for the week, with the company's share price up 10.38%.

Single-tenant REIT VEREIT Inc. was the most traded REIT for the week, with an average daily volume of 9,080,058 shares, representing about 0.9% of its total common shares outstanding. For the week, VEREIT's share price was up 2.57%.

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