Most REIT property sectors surged back into positive territory in October after a gloomy September, with hotel and retail REITs leading the way, NAREIT reports.
The three REITs that specialize in regional malls posted average positive returns of 22.2% in October, leading all sectors, followed by the fourteen hotel REITs, which yielded an average of 19.6%.
The 18 shopping center REITs posted solid gains of 13.9% and the 11 industrial REITs averaged a solid 8.1%, a huge turnaround from the negative 16.4 recorded in September.
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