Market Commentary
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REITWatch
REITWatch is a monthly statistical publication intended to provide a snapshot of the REIT industry. It includes data derived from the FTSE Nareit U.S. Real Estate Index Series and the FTSE/EPRA Nareit Global Real Estate Index Series in addition to tracking the performance of individual REITs.
Global Real Estate Showed Resilience during a Volatile Month
The FTSE EPRA Nareit Developed Extended Index showed resilience in a tumultuous April, posting a total return of 1.3%. On a year-to-date basis, the index has returned 4.4%.
REITs Bounce Back from April Lows, Lead Broader Market Year-to-Date
The FTSE Nareit All Equity REITs Index declined in a volatile April, bouncing back from a low of -11.9% on April 8 to end the month down 2.0%.
Game On, Game Off: Tariff Actions and REIT Property Sector Performances
The game-on, game-off nature of tariff actions has introduced uncertainty into the U.S. financial and economic markets.
Tax Treatment of REIT Common Share Dividends Paid in 2024
In 2024, U.S. listed REITs distributed approximately $66 billion in dividends, as reflected in Nareit’s REIT Industry Tracker.
Global Real Estate Declined Narrowly in March while Outperforming Stocks
The FTSE EPRA Nareit Developed Extended Index declined 1.4% in March and has risen 3.1% on a year-to-date basis as of March 31.
REITs Raised $12.2 Billion in Capital Offerings in 2025: Q1
U.S. REITs raised $12.2 billion from secondary debt and equity offerings in the first quarter of 2025.
Wearing Blinders: Some CRE Appraisals Continue to Ignore Capital Market Realities
During the current lingering public-private real estate valuation dislocation, REIT implied cap rates have reacted to movements in the U.S. 10-year Treasury yield in meaningful ways.
REITs Outperforming Broader Markets in 2025
The FTSE Nareit All Equity REITs Index declined 2.4% in March as broader market equities suffered greater losses, with the Russell 1000 declining 5.8% and the Dow Jones U.S. Total Stock Market falling 5.9%.