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REIT Replay: REITs finish strong, broader market slips in week ended Aug. 16

U.S. real estate investment trust indexes closed the week ended Aug. 16 in the black, with the SNL U.S. REIT Equity index up slightly by 0.32% and the MSCI U.S. REIT (RMZ) index rising 0.21%.

The broader market was down during the week, with the Dow Jones Industrial Average down 1.53% and the S&P 500 dropping 1.03%.

By property sector, the SNL U.S. REIT Healthcare index recorded the largest increase in share prices, up 1.21%. The industrial and self-storage indexes followed, up 0.82% and 0.78%, respectively.

On the other hand, the retail and hotel indexes logged the only share-price declines for the past week, at 1.89% and 1.82%, respectively.

The worst-performing companies were regional mall REIT Pennsylvania Real Estate Investment Trust, down 16.05% from the previous week, and Colony Capital Inc., with a 14.59% drop.

CorePoint Lodging Inc., a hotel REIT, saw the third-largest decrease at 13.89%.

CyrusOne Inc., a data center REIT, recorded the largest week-over-week increase in share price at 6.97%.

Healthcare REIT Global Medical REIT Inc. and other retail REIT Essential Properties Realty Trust Inc. posted the next-largest increases at 6.27% and 4.34%, respectively.

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