WASHINGTON, DC-REITs have underperformed the larger stock market in August and September. For the first nine months of 2012, however, REIT returns kept pace with the broader market. The reasons for the slowdown in August and September are simple, Brad Case, NAREIT’s senior vice president of research and industry, tells GlobeSt.com: One, even in bull cycles—which REITs are in right now—there will be one or two off months. Another reason, he says, is the relatively early recovery of the commercial real estate market. “People became optimistic about CRE before they became optimistic about other parts of economy.” Now the rest of the market is catching up, he says.

Of course that doesn’t assuage REIT investors interested in the short term: on a total return basis, the FTSE NAREIT All REITs Index was up 1.85% and the FTSE NAREIT All Equity REITs Index was up 1.03% in the third quarter compared to 6.35% for the S&P 500.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.