REIT Indexes Underperform S&P 500 In January, But Five Property Segments Outperform

The primary U.S. REIT indexes underperformed the S&P 500 in the first month of 2017, but five property segments outperformed the broader market.

In January, the FTSE NAREIT All REITs Index, the broadest index of the U.S. REIT market, delivered a 0.24 percent total return, the FTSE NAREIT All Equity REITs Index delivered a 0.17 percent total return and the FTSE NAREIT Mortgage REITs Index returned 1.60 percent compared to the S&P 500’s 1.90 percent.

REIT property segments that outperformed the S&P 500 in January were:

  • Specialty, up 9.42 percent
  • Data Centers, up 8.05 percent
  • Single Family Homes, up 6.14 percent
  • Timber, up 3.71 percent
  • Manufactured Homes, up 2.49 percent

On a 12-month trailing basis ended January 31, the FTSE NAREIT Mortgage REITs Index was up 31.73 percent, outpacing the S&P 500’s 20.04 percent gain.  The FTSE NAREIT All REITs Index was up 13.50 percent, and the FTSE NAREIT All Equity REITs Index was up 12.78 percent in the 12-month period.  Eight REIT property segments outperformed the S&P 500 on a 12-month basis:

  • Single Family Homes, up 47.92 percent
  • Lodging/Resorts, up 34.09 percent
  • Data Centers, up 31.60 percent
  • Specialty, up 31.08 percent
  • Industrial, up 30.21 percent
  • Timber, up 29.41 percent
  • Office, up 25.32 percent
  • Diversified, up 22.47 percent




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