Real estate investment trusts ended in the red and the broader markets posted mixed results Thursday, Feb. 1.
John Sullivan, a representative of the Ontario Teachers' Pension Plan Board, does not plan to seek re-election to the board of mall REIT Macerich Co. The pension fund was recently reported to be considering a takeover of Macerich.
Shares of Macerich slid 2.85%, closing at $62.73.
Wheeler Real Estate Investment Trust Inc. CFO Wilkes Graham informed the company Jan. 23 that he had terminated his employment with the grocery-anchored shopping center landlord effective immediately for "good reason." Graham, who was originally scheduled to step down on or before March 4, will be replaced as Wheeler REIT's CFO by Chief Accounting Officer Matthew Reddy.
Wheeler REIT shares plunged 11.74% to end the day at $5.64.
Hospitality and leisure-focused REIT VICI Properties Inc. priced an upsized IPO of 60.5 million of its common shares at $20.00 apiece. The company granted the underwriters a 30-day overallotment option to purchase up to 9,075,000 additional shares under the offering, which is expected to close Feb. 5.
Industrial REIT Duke Realty Corp.'s 2017 fourth-quarter NAREIT funds from operations per share attributable to common shareholders increased to 33 cents from 29 cents a year ago. The company's full-year 2017 NAREIT FFO attributable to common shareholders rose to $1.27 per share from $1.21 per share in 2016.
NAREIT is the U.S.-based trade association for REITs and publicly traded real estate companies.
Duke Realty shares added 2.12% to close at $26.97.
AvalonBay Communities Inc. posted a year-over-year increase in its 2017 fourth-quarter FFO attributable to common stockholders to $2.18 per share from $2.09 per share. For the full year 2017, the multifamily-focused REIT booked per-share FFO attributable to common stockholders of $8.45, up from $8.26 a year ago.
Shares of AvalonBay declined 3.69% to close at $164.11.
Mid-America Apartment Communities Inc.'s 2017 fourth-quarter FFO per share attributable to the company increased to $1.50 from $1.13 a year ago, while the multifamily-focused residential REIT's full-year FFO per share came to $5.94, up from $5.59 in 2016.
Mid-America shares shed 3.80% to close at $91.75.
Office REIT Kilroy Realty Corp. acquired the 345-349 Oyster Point Blvd. laboratory and office project in the Oyster Point submarket of South San Francisco for about $111 million.
Kilroy Realty shares closed 2.05% lower at $69.86.

Earnings call coverage
Weaker job growth slowing Seattle apartment rent growth, AvalonBay execs say: High levels of new apartment construction continue across the Pacific Northwest, presenting competition for existing landlords, company executives said.
New construction hurt Mid-America apartment rents in Q4'17, execs say: Executives at the apartment landlord say they expect deliveries of new units in their predominantly Sun Belt markets to peak in the first quarter of 2018.
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