REIT Returns Bounce Back in July
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NAREIT says total returns rose last month for all three of its indices.
WASHINGTON, DC—REITs got some wind back in their sails in July as chatter over impending interest rate increases died down, NAREIT reported this week. Total returns for NAREIT’s indices of stock-exchange traded REITs beat S&P indices by more than double in some instances, according to data issued Thursday.
The FTSE NAREIT All REITs Index, which covers both equity and mortgage REITs, gained 4.85% in July on a total return basis. The FTSE NAREIT All Equity REITs Index was up 4.99% for the month, and the FTSE NAREIT Mortgage REITs Index was up 3.03%. In comparison, the S&P 500’s total return was up 2.10% in July, and the S&P Composite 1500 returned 1.84%…
