REITs rose last week, with a total return of 2.0% on the FTSE Nareit All Equity REITs Index, lifting the year-to-date return to 18.1%.
Every property sector had positive returns last week. The strongest returns were in retail, with a 3.6% return last week (and 31.6% return year-to-date), and lodging/resorts, with a 3.0% return last week (and 17.4% return year-to-date). Six other property sectors had returns greater than 2.0% (diversified (2.6%), office (2.5%), residential (2.4%), self storage (2.4%), timber (2.3%), and infrastructure (2.2)). mREITs also rose, with a 1.0% total return for housing finance mREITs and a 1.4% return for commercial financing mREITs.