REIT share prices rose slightly during the week ended December 18, with the FTSE Nareit All Equity REITs index posting a weekly total return of 0.5% and a year-to-date return of -6.9%. Broader equity markets performed better, with the Russell 1000 posting a 1.7% total return for the week.
REIT property sector returns were mixed, with Timber REITs up 4.2%, Self Storage up 3.7%, and Data Centers up 3.5%. Sectors showing weakness included Lodging/Resorts (-2.5%), Retail (-1.6%), and Office (-1.5%). Mortgage REITs rose, with home financing mREITs gaining 1.6% and commercial mREITs gaining 2.6%.