BUZZ-US healthcare REITs track healthcare sector declines amid looming tariff threat

Reuters
09 Apr
BUZZ-US healthcare REITs track healthcare sector declines amid looming tariff threat

** Shares of some U.S. healthcare REITs fall between 1% to 6%, tracking declines in major drugmakers after President Donald Trump reiterated plans for a "major" tariff on all pharmaceutical imports

** Shares of Alexandria Real Estate Equities ARE.N down 5.4% at $72.83, Ventas VTR.N down 3.1% at $61.37, Healthpeak Properties DOC.N down 2.7% at $17.55

** Trump had also threatened the duties on Friday after his first set of "reciprocal" tariffs announced last week exempted pharma products

** The U.S. president has said that the tariffs will incentivize drug companies to move their operations to the U.S.

** Welltower WELL.N and Omega Healthcare Investors OHI.N shares fall over 1% while shares of Healthcare Realty Trust HR.N down 3.2% at $14.63

** Up to last close, ARE down 23.9%, VTR up 5.4%, DOC down 12.8%, WELL up 6.9%, OHI down 5.3%, and HR down 12.9% YTD

(Reporting by Siddhi Mahatole)

((siddhi.mahatole@thomsonreuters.com))

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