NAREIT Media:Media Brief
Publicly listed REITs raised more capital in the first quarter of 2017 than in any quarter since the second quarter of 2014.
Income investors continued to find REITs attractive in the first quarter of 2017.
Home Financing REITs delivered a 12.19 percent gain to outpace the overall FTSE NAREIT Mortgage REITs Index in the first quarter, while Commercial Financing REITs gained 6.47 percent.
The Single Family Homes, Specialty and Timber REIT property segments led the Equity REIT market with double-digit total returns in the first two months of 2017.
REITs rebounded in February after a slow start to the year, outpacing the S&P 500 in the month. The FTSE NAREIT All REITs Index, the broadest index of the U.S. REIT market including both Equity and Mortgage REITs, gained 4.16 percent on a total return basis in February.
In January, the FTSE NAREIT All REITs Index, the broadest index of the U.S. REIT market, delivered a 0.24 percent total return, the FTSE NAREIT All Equity REITs Index delivered a 0.17 percent total return and the FTSE NAREIT Mortgage REITs Index returned 1.60 percent compared to the S&P 500’s 1.90 percent.
Ten Equity REIT market segments – more than half of the property segments in the FTSE NAREIT All Equity REITs Index – had double-digit total returns in 2016.
The total return of the U.S. Equity REIT market fell short of the S&P 500’s gain in 2016, while Mortgage REITs nearly doubled the total return of the broader equity market.