REITs Outpace S&P 500 in April, Equity Market YTD

Self-storage was the industry's top performing sector, with health care coming in second

Health care was one of the best performing REIT sectors year to date. Health care was one of the best performing REIT sectors year to date.

U.S. REIT returns “strongly” outpaced the S&P 500 in April and “significantly” outpaced the broader equity market in the first four months of the year, with self-storage the industry’s top-performing sector year to date, delivering an 18.83% total return, according to the National Association of Real Estate Investment Trusts.

NAREIT said that on a total return basis, the FTSE NAREIT All REITs Index was up 2.88% in April, the FTSE NAREIT All Equity REITs Index was up 2.99%, and the FTSE NAREIT Mortgage REITs Index was up 1.86%, while the S&P 500 was up 0.74%.

For the first four months of the year, the FTSE NAREIT All REITs Index was up 11.70%, the FTSE NAREIT All Equity REITs Index was up 11.76%, and the FTSE NAREIT Mortgage REITs Index was up 13.23%, compared with the S&P 500’s gain of 2.56%.

Among other REIT market sectors in the first four months of the year, health care was up 16.84%; apartments were up 16.4%; the home financing segment of the FTSE NAREIT Mortgage REITs Index was up 15.36%; office was up 13.61%; and retail was up 12.62%, led by regional malls, up 13.1%.

NAREIT also noted that among individual equity REIT market sectors, five produced dividend yields greater than 4%: free-standing retail (6.07%); health care (5.08%); mixed industrial/office (4.643%); diversified (4.48%) and manufactured homes (4.14%).

Reprints Discuss this story
This is where the comments go.