Share prices for U.S. equity real estate investment trusts fell alongside the broader market during the week ended Aug. 23.
The SNL U.S. REIT Equity index finished the week down 0.48%, while the Dow Jones Industrial Average and S&P 500 dropped 0.99% and 1.44%, respectively.
The SNL U.S. REIT Hotel and SNL U.S. REIT Office indexes posted the largest declines for the week at 2.26% and 1.96%, respectively.
Hotel REIT Ashford Hospitality Trust Inc. topped the list of largest share price drops for the week at 12.63%, followed by office REIT CIM Commercial Trust at 10.55%.
Hotel REIT Braemar Hotels & Resorts Inc. rounded out the top three with a decrease of 9.83%.
Alternatively, multifamily REIT Independence Realty Trust Inc. posted the largest week-over-week increase in share price at 3.44%. Healthcare REIT Omega Healthcare Investors Inc. and regional mall REIT Pennsylvania Real Estate Investment Trust posted the next-largest increases at 2.98% and 2.86%, respectively.

