WASHINGTON, DC-Not every month can be a winner. REITs measured by the FTSE NAREIT All REITs Index lost 6.56% last month. In addition, the All Equity Index lost 5.9%. By comparison, the S&P 500 posted gains of 2.34%. So say monthly figures released by NAREIT.
To download the full report, click here.
Since the start of the year, while REITs still underperformed, they were at least in the positive column. NAREIT reveals that the All REITs Index was up 8.28% and Equity Index was up 8.74%. This compares the S&P's 16.07%.
So who were the big winners in the first five months of the year? Lodging and healthcare, says the association. In fact, “Lodging/Resorts was the top-performing sector with a 14.63% total return,” the report states. “Healthcare was up 13.44%; Industrial gained 12.85%; Timber was up 9.82%; and Retail rose 9.23%."
In all, NAREIT reports, REITs have raised $40.5 billion in initial debt and equity offerings, while “$26.8 billion was came in through secondary equity common and preferred share offerings.” Some $11.8 billion was raised in unsecured debt offerings, and $1.8 billion was raised in IPOs.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
