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REIT Replay: REIT prices increase in week ended Oct. 4, while broad market drops

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REIT Replay: REIT prices increase in week ended Oct. 4, while broad market drops

U.S. real estate investment trust indexes closed the week ended Oct. 4 in the black, with the SNL U.S. REIT Equity Index up at 0.41% and the MSCI U.S. REIT (RMZ) Index increasing at 0.28%.

The broader markets were down during the week. The Dow Jones Industrial Average fell 0.92% and the S&P 500 dropped 0.33%.

By property sector, the SNL U.S. REIT Multifamily Index recorded the largest increase in share prices, up 1.69%. The healthcare and self-storage indexes followed, up 1.21% and 0.72%, respectively. The hotel and retail indexes posted the largest share price declines for the past week, at 2.37% and 1.85%, respectively.

Ground lease-oriented Safehold Inc. recorded the largest week-over-week increase in share price at 11.89%. Single-tenant retail REITs Essential Properties Realty Trust Inc. and VEREIT Inc. posted the next largest gains at 7.15% and 4.15%, respectively.

Regional mall REIT CBL Properties topped the list of largest share price drops this past week at 11.51%, followed by fellow mall REIT peers Macerich Co. and Taubman Centers Inc. with decreases of 10.21% and 9.32%, respectively.

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