WASHINGTON, DC-REIT returns surrendered in November some of theground they have made this year, dipping slightly. The FTSE NAREITEquity REITs Index lost 1.96% and the FTSE NAREIT All REITsIndex lost 1.62%, while the S&P 500 gained 0.01%, industryassociation NAREIT reported.
In a video posted to the association’s web site, vice presidentof research and industry information Brad Case attributesthe decline to investor concerns about the strength ofthe recovery and hesitancy about the growing debt problems inEurope. Also, he said, even bull markets have an ebb and flow inreturns.
That all said, REITs have delivered stronger returns toinvestors than the general equity market for the year, NAREITsays. REITs have nearly tripled the performance of the S&P500 Index in the first 11 months, with the FTSE NAREIT Equity REITIndex posting a 22.25% total return and the FTSE NAREIT All REITsIndex posting a 21.88% total return for the same time period. Bycontrast, the S&P 500 has delivered a 7.86% totalreturn.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
