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This Week's REIT Winners And Losers


As the week comes to a close, here's Bisnow's breakdown of the best and worst performing REITs for the week, as of Friday morning.

The Winners:

  • Mortgage REIT RAIT Financial Trust went up 16% this week—and it's only up from $2 to $2.35. Despite this week's rally, the REIT has dropped 66% since mid-July.

  • Mortgage REIT iStar had a good week, rising 11%. But it's also been on the downturn of late (down 39% since July) as hedge funds back out of their REIT holdings, due to liquidity issues.

  • After tumbling 24% last week, infrastructure REIT CorEnergy Infrastructure Trust recouped a chunk of its losses, climbing 11% after being upgraded to "buy" on Zacks Investment Research on Tuesday.

The Losers:

  • Retail trust Retail Properties of America slid almost 3%, dropping from $14.66 to $14.23 despite beating profit expectations early in the week.

  • Office REIT Easterly Government Properties had a slight .8% drop after Zacks Investment Research downgraded the stock from "strong buy" to "hold" on Thursday.

  • Retail REIT Inland Real Estate also dropped slightly, sliding .6%, even after announcing its payout of 17 cent cash dividends on shares.