Market wrap: REITs enjoy FTSE gains despite market drop

British Land and Landsec were among several REITs posting share price rises today, defying broader slumps in both the FTSE 100 and 250.

BL’s share price increased by 2.41% to 366.1p, while Landsec was up by 3.19% to 576.6p, pushing the pair into the FTSE 100’s top risers.

Meanwhile, Whitbread was one of the index’s top fallers, down by 4.64% to 2,180p.

Outside the FTSE 100, Capital & Counties saw a 2.57% uplift in its share price to 139.9p, while UK Commercial Property REIT rose by 2.54% to 68.7p.

The FTSE 100 was down by 1.54% to 5,897.76 points, while the FTSE 250 declined by 0.5% to 16,932.65.

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