REIT share prices rose last week, with a 3.4% total return on the FTSE Nareit All Equity REITs Index. Last week’s gains lifted year-to-date returns to 9.6%. Broader markets also rose, albeit a bit more modestly, with a 1.3% return on the Russell 1000.
Nearly all property sectors had positive returns last week. REIT sectors that support the digital economy led the pack with a 6.3% return by infrastructure REITs, followed by data centers (5.4%) and industrial (5.3%). Only lodging/resorts posted a decline last week, with a -3.0% total return. Lodging/resorts still lead all REIT sectors in terms of returns this year, however, with a 20.7% total return through March 26.
mREITs increased last week with a 0.6% return for home financing mREITs and a 0.4% return for commercial financing mREITs.