U.S. real estate investment trust indexes finished the week ended Oct. 11 in the red, with the SNL U.S. REIT Equity index down slightly at 0.54% and the MSCI U.S. REIT (RMZ) index dropping 0.60%.
The broader markets climbed during the week, with the Dow Jones Industrial Average increasing 0.91% and the S&P 500 up 0.62%.
The SNL U.S. REIT Office and SNL U.S. REIT Healthcare indexes posted the largest declines for the week, down 1.03% and 0.86%, respectively. The SNL U.S. REIT Hotel index was the sole property sector index to log a weekly gain, at 0.34%.
Regional mall REIT CBL Properties' share price increased 6.50% from the previous week, the largest price increase of any REIT stock, followed by Tanger Factory Outlet Centers Inc., at 5.77%.
Plymouth Industrial REIT Inc. had the third-largest increase at 5.45%.
The largest decline among REITs during the week was for Innovative Industrial Properties Inc. with a 13.71% drop. Hotel REIT Ashford Hospitality Trust Inc. and City Office REIT Inc. posted the next-largest declines at 10.16% and 6.03%, respectively.