REITS rebounded in the second week of 2021, with a 1.9% total return on the FTSE Nareit All Equity REITs index that reversed most of the decline in the prior week. Broader equity markets fell, however, with a -1.3% return on the Russell 1000 (table).
By property sectors, office REITs had the largest gain with a 5.0% total return for the week. Health care, retail, residential, diversified, and data centers all had returns greater than 2.0% for the week, and are currently in positive territory or near break-even for the year-to-date. Timber REITs and mREITs, in contrast, moved lower.