AMB shares added 3.5% to close at $34.01. The REIT saw just under 8.5 million shares in play during Thursday's session vs. its average daily churn of 1.3 million.
Focused competitors in the industrial REIT sector, according to
Digital Realty Trust
(DLR - Get Report)
DCT Industrial Trust
(DCT - Get Report)
Digital Realty's primary holdings are datacenters, digital storage facilities which are used by companies to maintain their internet presence or beef up their data networks. Datacenters are expensive to build and maintain, and as such, supply is relatively inelastic.
Digital Realty said earlier this week its rental revenue more than doubled last year
Nearly 8% of Digital Realty's signed leases last year where U.S.-based, with the remainder based in its European portfolio. In December
Digital Realty reported plans to expand into the Singapore market
DCT owns, operates and develops high-quality bulk distribution and light industrial properties in high-volume distribution markets in the U.S. and Mexico.
DCT, which was recently listed among the
10 Top Buy-Rated Real Estate Stocks for 2011
, was upgraded to neutral from underweight earlier this month and its stock price was set at $5, by analysts at