REITs rallied for the third straight week, with a 2.8% total return on the FTSE Nareit All Equity REITs Index. REITs are up more than 20% so far this year, as of June 4. Broader markets edged slightly higher, with a 0.6% return on the Russell 1000.
All but one of the property sectors rose, led by data centers (4.6%), infrastructure (3.9%), industrial (3.3%), and diversified (3.2%). Timber REITs had a return of negative 4.7%.
mREITs also rose for the third week in a row, with a 1.6% return for home financing mREITs and 1.3% return for commercial financing mREITs.