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REIT Replay: REIT prices fall during week ended July 27; broader markets rise

Real estate investment trust share prices slid 0.80% during the week ended July 27, while the broader market indexes logged net gains.

The industrial REIT index was the sole property sector to outperform the Dow Jones Industrial Average during the week, posting a net share price increase of 2.04%. The healthcare sector, meanwhile, logged the largest drop in prices at 2.76%.

Share prices for recently listed single-tenant retail REIT American Finance Trust Inc. rose 6.29% during the week, the largest increase.

Two data center REITs, QTS Realty Trust Inc. and Digital Realty Trust Inc., were up 5.01% and 4.41%, respectively. Both REITs posted year-over-year increases in core funds from operations in their second-quarter earnings.

Single-family housing REIT Front Yard Residential Corp. logged the largest price drop during the week, down 10.66% after being the top performing REIT the week prior. Single-tenant retail REIT Spirit MTA REIT and shopping center REIT Cedar Realty Trust Inc. followed, with stock prices falling 8.54% and 7.71%, respectively.

Student housing REIT Education Realty Trust Inc. was the most traded REIT during the week, with an average daily volume just over 2% of its common shares outstanding. Education Realty's share price was down 0.77% for the week.

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