Hammerson and Shaftesbury were among the biggest REIT fallers on the FTSE 250 today, as the stock exchange’s resurgence this week showed signs of easing.
Shares in Hammerson dropped by 7.26% to 83.82p, while Shaftesbury posted a 5.09% decline to 522.5p.
Landsec and British Land recorded two of the largest share price decreases in the FTSE 100. Landsec’s share price fell 3.71% to 566p, and British Land’s shares were down 3.6% at 388p.
Housebuilder Persimmon was the top real estate riser on the FTSE 100, with its shares up 0.58% to 2,412p.
On the FTSE All-Share, Palace Capital was one of the top performers after its shares rose 5.05% to 182p.
A near-6% blow to the REIT’s valuations resulted in a pre-tax loss of £9.1m. However, its 1.1% total property return outperformed MSCI’s -0.5% quarterly benchmark.
FTSE 100 finished the day down 1.53% at 6,189.90, while the FTSE 250 dipped
1.14% to 17,350.04.