04/06/2022 | by

In the first quarter of 2022, the FTSE Nareit All Equity REIT Index fell 5.29% after a 16.17% increase in the previous quarter. 

The top performing REIT sectors in Q1 included:

  • Lodging/Resorts – up 6.89% 
  • Health Care – up 5.23% 
  • Office – up 2.76%  
  • Specialty – up 0.17%


REITs conducted 64 equity and debt offerings in Q1 2022 raising $21.2 billion including 

  • $11.5 billion in common shares 
  • $545 million in preferred shares 
  • $9.2 in secondary debt offerings 

The FTSE Nareit All Equity REITs Index reported a dividend yield of 2.85%, more than double the 1.30% dividend yield paid by the S&P 500

Below is a quote that can be attributed to John Barwick, Nareit vice present of index management and industry information, on REIT performance in the first quarter of 2022:

"While REITs and the S&P 500 ended the quarter in the negative, both indexes rallied off their intra-quarter lows to mitigate total losses."

The All Equity REIT Index hit its low on February 23 and then rallied 9.7% to close out the quarter at -5.29%. The S&P 500 hit its low for the quarter on March 8 and then rallied 8.7% to end the quarter at -4.6%.

The entire report can be found here.

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