The office sector topped all other sectors in the real estate investment trust market in the first four months of the year, helping it outperform U.S. stocks, the National Association of Real Estate Investment Trusts (NAREIT) reported Thursday.
Through April 30, U.S. REITs continued to outperform the broader equity market in the first four months of the year with a 13% gain compared to a gain of 9.06% for the S&P 500 Index, NAREIT reported in a news release.
On a 12-month basis ended April 30, REITs delivered a 22.88% total return compared to 17.22% for the S&P 500.
On a total return basis, the FTSE NAREIT All Equity REITs Index gained 5.11% and the FTSE NAREIT All REITs Index was up 4.89% in April compared to 2.96% for the S&P 500.