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.
