REITs Down Through September

Article Tools

Latest News

More Latest News

While real estate investment trusts performed better than other investment avenues, their total returns down 1.25% at the end of September, based on the FTSE NAREIT index series maintained by the National Association of Real Estate Investment Trusts.

Taking into account only equity REITs, the performance was even better, with a total return of 1.76%, the Washington-based REIT industry trade association reports. However, considering only mortgage REITs, returns are a negative 31% for the performance through September 30.

In comparison, the S&P 500 is down 19.29% for the first nine months of the year, the Dow Jones Industrial Average lost 18.2%, and the NASDAQ Composite has declined more than 21%.

The steady payout of REIT dividends is one factor behind this relatively good performance of the REIT sector. Lodging REITs were the worst performing sector, turning in a negative return of more than 26% through the end of September.

Industrial and office REITs were also down with a negative return of about 9% for the period. Retail REITs overall were down about 4%, with regional malls losing more than 11%.

Self-storage REITs were the best performing of all the REIT sectors, with total returns of more than 33% at the end of September. This is partly due to “strong fundamentals created by greater customer demand,” according to NAREIT. Health care REITs, another sector that is seen as a defensive play for a slow economy, turned in a total return of about 18.5%.

The residential REIT category, which includes both the apartment REITs and manufactured home REITs, gained more than 17%. And specialty REITs, a category that includes a few REITs that can’t be easily classified into the other categories, were up more than 11%.


Acceptable Use Policy
blog comments powered by Disqus

Photo Galleries

New York's Star Deals

http://nreionline.com/images/nyc_big_deals_homepage_thumb.jpgThe city that never sleeps is also the city that never stops growing, not even in the midst of recession. And deals, both bold and unprecedented, continue to be done. Check out image of New York's big deals.

Hudson Yards Development

http://nreionline.com/photo_gallery/hudson_yardsCheck out images for Coach's new global headquarters, which will anchor the initial tower of the Eastern Rail Yards site within the 26-acre mixed-

Videos

JLL at ICSC 2012

http://nreionline.com/video/bjorson_thumbnail.jpgCheck out these videos from JLL at ICSC 2012 in Las Vegas...

 

Click here to view more videos.


Blogs


http://nreionline.com/blog/schein_blog_headshot.jpg

Real Vox

Traffic Court

The Full Nelson

Events

Strategic Real Estate Investment Conference

Date: Thursday, June 7, 2012
Time: 7:45AM-6:00PM
Place: 1290 Avenue of the America, 5th Floor
What: A full-day event exploring portfolio diversification through opportunistic and alternative investments....

Click here to view more events...

http://nreionline.com/nrei-300x125-house-091211-resourcebook-jpg.jpg

This Week's Most Popular

Current Issue

http://nreionline.com/april2012_cover.jpg

NREI Newsletters



Retail Traffic Newsletters

View NREI Newsletters

NREI Newsline
NREI Seniors Housing Finance and Development
NREI The Green Sheet
NREI Institutional Outlook
NREI Distressed Real Estate Strategies
NREI Daily/Central
NREI Daily/New York
NREI Daily/New Jersey
NREI Weekender
NREI Global Real Estate Monitor
REIT Insider
Retail Traffic Online
The Site Optimizer

Join the Conversation