REITs Take It on the Chin Over Rate Jitters
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Strong, consistent dividend income is an important component of REIT performance,” says Wechsler at NAREIT.
WASHINGTON, DC—REIT investors acted on their jitters about the possibility of an interest rate increase, and the sector’s returns for the first half of 2015 suffered accordingly. NAREIT says that although listed REITs have raised more equity and debt year to date than they did in the first half of 2014, the S&P 500 and S&P 1500 had outperformed the primary US REIT indices as of June 30.
Total returns for the FTSE NAREIT All REITs Index, All Equity REITs Index and All Mortgage REITS Index fell 5.24%, 5.44% and 5.09%, respectively, for the first half of the year. In comparison, the S&P 500 delivered a 1.23% percent total return in the first six months, while the S&P Composite 1500 returned 1.56%…
