Each year, just about every REIT gathers in the first week of June at a big conference called REITWEEK. Companies put out presentations for the event and often these contain updated information making it a huge week for fundamental discovery. This information dump, combined with the executives holding meetings with institutional investors causes the week to have an unusually large impact on REIT market prices.
This REITWEEK was executed virtually, but the effect was the same; the sector took off, up 6% through Wednesday.
Source: SNL Financial
REIT market prices had gotten clobbered in the