Some of the best-known REITs took a tumble in Tuesday trading, as investors weigh what the UK’s ongoing Covid-19 restrictions mean for various sectors.
Landsec and British Land were both among the FTSE 100’s sharpest fallers, Landsec dropping by 2.1% to 703.2p and British Land by 1.8% to 505.5%.
In the FTSE 250, the day’s steepest fall – and most sizeable fall from any listed real estate company – came from Hammerson, down 6.5% at 41.37p.
Real estate risers included developer One Heritage Group, up almost 11% to a new high of 92.5p; small-cap sale and leaseback specialist Dukemount Capital, up 4.9% to 0.43p; and Harworth Group, which rose 4.27% to 146.5p.
The FTSE 100 edged up to 7,172, its highest since before the first Covid lockdown, while the FTSE 250 dropped slightly to 22,631.
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