What Market Turmoil? Here's How The Five Biggest REITs Did In Q1

Collage of 4/5 biggest REITs
Bisnow

Waves of poor Q1 earnings and sliding stocks have some investors ready to pull back—but the most dominant REITs are still going strong. Here's our breakdown of the country's five largest REITs, and how they performed over Q1.

Simon Property Group

Q1 Opening: $194.44/share

Q1 Close: $207.69/share

Change: 6.81%

Simon Property Group sunk to a low of $178.93/share before finishing out the quarter strong, with the retail REIT's rebound facing down waves of store closures during late 2015 and early 2016. Despite the retail headwinds, Simon Property's strong showing has continued, as the REIT now sits at a 52-week high of $213.92/share.

Public Storage

Q1 Opening: $247.70/share

Q1 Close: $275.83/share

Change: 11.36%

Public Storage sank to $228.98/share during Q1 before rebounding, but since its strong Q1 finish, the self-storage REIT has been trending downward. It hit another low of $244.81/share at the end of April, and sits around $257/share—as some analysts say that self-storage REITs as a whole are the most overpriced sector of the REIT landscape.

American Tower

Q1 Opening: $96.29/share

Q1 Close: $104.50/share

Change: 7.79%

Unlike Public Storage, American Tower has seen a steady upward trend since its $83.07/share low in February. The infrastructure REIT has enjoyed serious gains from the double-digit growth of mobile data usage around the world, something that isn't set to plateau any time soon.

Crown Castle

Q1 Opening: $85.64/share

Q1 Close: $86.50/share

Change: .06%

Crown Castle barely recovered its January losses (down to $75.71/share) over the course of the quarter. Since then the infrastructure REIT has seen a steady upward trend—and even hit a lifetime high this week.

General Growth Properties

Q1 Opening: $26.71/share

Q1 Close: $29.73/share

Change: 2.52%

General Growth Properties finished Q1 with a slight increase, but is slowly sinking to its levels at the beginning of the year (closing yesterday at $27.72/share). A good part of that drop came over the past day, spurred by a poor showing among retail stocks and a lowered earnings forecast by Macy's.

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