John Barwick

REITs underperformed broader markets for the month of May but outperformed on a year-to-date basis as equity markets continued to be buffeted by heightened volatility.

The FTSE EPRA/Nareit Global Real Estate Index Series outperformed broader markets in April.

Disappointing earnings from the some of the largest companies outside of the REIT space weighed heavily on REITs at the close of the month.

U.S. REITs raised $25.4 billion from IPOs and secondary debt and equity offerings in the first quarter of 2022.

March returns total 7.4% for the FTSE Nareit All Equity REITs Index and 6.5% for the FTSE Nareit Equity REITs Index.

The additions, deletions and classification changes will be applied on Friday, Mar. 18, 2022.

U.S. REITs raised more than $126 billion from IPOs and secondary debt and equity offerings in 2021, a new record for annual capital raising.

REITs fell sharply in January 2022 as the Omicron variant of the COVID-19 Pandemic persisted and the Federal Reserve indicated its readiness to tighten monetary policy.

The FTSE EPRA/Nareit Global Real Estate Index Series performed strongly in 2021, with the Developed index posting a total return of 27.2%, while the Global index, which includes both Developed and Emerging Markets, returned 23.0%.

The FTSE Nareit All Equity REITs index performed strongly in 2021, with a total return of 41.3%, while the FTSE Nareit Equity REITs index rose 43.2%.

REITs and publicly-listed real estate around the world were hit hard by the onset of the COVID-19 pandemic, but have generally rebounded strongly.