In the past week, most US REIT indexes saw gains, with the Dow Jones Equity All REIT index rising by 4.04% and the MSCI US REIT (RMZ) index by 3.31%, outpacing the broader stock market which declined. However, office REITs bucked this trend, plummeting due to concerns that AI could reduce the need for office space. The Dow Jones US Real Estate Office index fell 6.72% to its lowest level since July 2009, with several office REIT stocks experiencing significant share price drops.
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REIT Replay: Office REIT stocks plummet in recent week amid growing AI fears
In the past week, most US REIT indexes saw gains, with the Dow Jones Equity All REIT index rising by 4.04% and the MSCI US REIT (RMZ) index by 3.31%, outpacing the broader stock market which declined. However, office REITs bucked this trend, plummeting due to concerns that AI could reduce the need for office space. The Dow Jones US Real Estate Office index fell 6.72% to its lowest level since July 2009, with several office REIT stocks experiencing significant share price drops.