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WASHINGTON, DC-Office REITs have staged a quiet recovery, according to new analysis from NAREIT. The organization points to year-to-date total returns for office REITs through Nov. 8 that are 12.63%, based on the FTSE NAREIT US Real Estate Index Series.

Understandably, investors that don’t follow REITs that closely might be confused. For starters, REITs’ performance in October was lackluster, although they still outperformed the broader market. The FTSE NAREIT All REIT Total Returns Index was down one-third of a percent for the month, NAREIT separately reported. The S&P 500 fell 1.85% in October. General economic uncertainty, especially before the election, was the culprit, Brad Case, NAREIT’s SVP of research and industry information, said. “Uncertainty is a tax on investors’ return.”

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