Little Change in REITs, Broader Equity Market Last Week

Markets ended with little change last week as the FTSE Nareit All Equity REITs index had a total return of -0.6%, reversing the small gains from the prior week. Broad equity markets were down as well, with a -0.3% total return on the Russell 1000.

Most property sectors edged lower, including -4.1% for lodging/resorts, -3.4% for both self storage and retail, and -3.1% for diversified REITs. Industrial, data centers and timber posted gains of 3.8%, 2.4%, and 1.0%, respectively, among equity REITs. Home financing mREITs rose for the third consecutive week, with a total return of 0.7%.

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The Market Commentary blog on presents analysis of the macro- and micro-economic fundamentals impacting the REIT and commercial real estate industry. The Nareit economics team offers their commentary on the state of the market, the outlook for commercial real estate and breaking macroeconomic news. The opinions set forth here are solely those of its author(s), and do not necessarily reflect the views of the Nareit or its membership. For more, see our Terms of Use.