There was no place to hide in the equity markets last week, as REITs posted declines comparable to those on broad market indices. The FTSE Nareit All Equity REITs index had a total return of -5.0%. That was a slightly smaller drop than the -5.6% on the S&P 500, the -5.7% on the Russell 1000, or the -5.5% on the Nasdaq (table)
By property sector, there were also declines across the board. A few sectors had more modest decreases, like the -2.3% return for self storage REITs or the -2.9% for infrastructure. Others, however, were down more sharply, including office REITs (-7.2%), diversified REITs (-7.3%), and lodging/resorts (-9.7%).