U.S. real estate investment trust indexes finished the week ended Dec. 13 in the red, with the SNL U.S. REIT Equity index down 2.99% and the MSCI U.S. REIT (RMZ) index dropping 3.51%.
The broader markets climbed during the week, with the S&P 500 increasing 0.73% and the Dow Jones Industrial Average up 0.43%.
All SNL REIT property sector indexes recorded weekly share-price drops. The SNL U.S. REIT Healthcare and SNL U.S. REIT Self-storage indexes saw the largest decreases, down 5.19% and 4.15%, respectively.
The best-performing REITs during the week were prison REITs GEO Group Inc. and CoreCivic Inc. up 8.67% and 5.78%, respectively.
Uniti Group Inc., a communications REIT, had the third-largest increase at 5.03%.
The largest decline among REITs during the week was for industrial REIT Americold Realty Trust with a 10.87% drop. Office-focused Office Properties Income Trust and healthcare-focused Global Medical REIT Inc. posted the next-largest declines at 9.22% and 8.30%, respectively.