Market Analysis & Research

REIT share prices moved higher last week, with a 0.3% total return on the FTSE Nareit All Equity REITs Index.

From 2016 to 2019, the jobs equivalent contribution from REITs has risen by 600 thousand.

The recovery in REIT share prices gained momentum in March as the FTSE Nareit All Equity REITs index delivered a total return of 5.5%.

The pandemic appears to be at a major turning point as vaccine production and distribution have hit stride. The economy will reach a major turning point soon afterwards, which will raise several issues for real estate and REITs.

Last week’s gains lifted year-to-date returns to 9.6%.

Sales through brick-and-mortar locations are likely to rebound later this year and next, as the spread of vaccines makes it safe to spend more time in shops and malls again.

REIT share prices declined last week with a -1.2% total return on the FTSE Nareit All Equity REITs Index.

Earning in the overall U.S. listed REIT sector have recovered half the decline that took place last spring as shutdowns spread across the country.

The FTSE Nareit All Equity REITs index posted a total return of 5.5% last week, the strongest weekly gains since November 13, 2020.

Funds from operations (FFO) of all equity REITs rose 11.3% in the fourth quarter to $13.9 billion, after an increase of 10.3% in the third quarter, according to the Nareit T-Tracker®.

REIT balance sheets were strong heading into the pandemic with easy access to cash and lines of credit, and operating performance proved to be resilient.