The FTSE Nareit All Equity REITs index rose, with a total return of 2.7% for the week ending Dec. 10, while the FTSE Nareit Equity REITs index rose 2.6%. All property sectors met or exceeded their prior week’s performance as REITs posted their strongest weekly performance since Oct. 15. Year-to-date total returns for All Equity REITs stands at 33.6% and 36.0% for Equity REITs. Broader markets also turned in a week of strong performance, with a total return of 3.7% on the Russell 1000, which has a year-to-date total return of 24.9%.
REIT property sector performance was generally strong across the board. Lodging/resorts led with a total return of 7.1%, with timber following at 4.5% and office at 3.7%. Retail and data centers lagged with total returns of 1.8% and 0.6%, respectively.
Mortgage REIT returns were mixed, with returns of 2.4% for home financing mREITs and -0.2% for commercial financing mREITs.