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Quarcote
Timber and hotel REITs led the overall return of REIT stocks this week, seeing growth of 6.35% and 6.05%, respectively.
Compared to the broader real estate index, equity REITs have gained 2.97% this week. The S&P 500 index rose 2.47%, up 2.83%.
Mortgage REITs closed relatively higher by 2.62%.
Timber REIT Weyerhaeuser (WY) then saw its share prices rise Reporting A hit on Q4 earnings, despite earnings missing the Wall Street consensus. WY has gained 6.68% in the last five days and 9.32% in the last one month.
Benzinga’s latest report said Hotel REITs have performed relatively well since mid-December 2022, and in the past four weeks, 5 of the top 15 REITs were in the hotel subsector. Sotherly Hotels (SOHO), specifically, gained 32.35% value in the last five days and 37.29% value in the last one month.
Infrastructure lagged the sector as it lost 0.97% this week.
Here’s a look at the sub-sector returns this week:
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