REIT Share Prices Stable Last Week

REIT share prices were stable last week, with the FTSE Nareit All Equity total return index ticking down 0.1%. REITs have been little affected by the turmoil in the broader stock market in recent weeks, especially among technology stocks. For example, last week both the Nasdaq composite and the S&P 500 were down 0.6%; for the month-to-date through September 18th, Nasdaq has a total return of -9.7% and S&P 500 -8.3%, while REITs are down 2.0%

Most REIT property sectors were little changed last week. The only property sectors with moves up or down of more than one percentage point were Health care (-3.4%), Timber (-2.4%), and Retail (2.3%). Both Home financing and Commercial financing mREITs gained, with total returns of 4.0% and 3.4%, respectively.

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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.