REITs Down Through September
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
Want to use this article? Click here for options!
© 2012 Penton Media Inc.
advertisement
Photo Galleries
New York's Star Deals
The 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
Check 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
Check out these videos from JLL at ICSC 2012 in Las Vegas...
Click here to view more videos.
advertisement
Blogs
![]() |
Real Vox |
![]() |
Traffic Court |
![]() |
The Full Nelson |
Events
![]() |
|---|
Strategic Real Estate Investment ConferenceDate: Thursday, June 7, 2012 Click here to view more events... |
This Week's Most Popular
Current Issue
|
|









