U.S. REITs continued to outperform the broader equity market in July, the first seven months of 2012, as well as on a 12-month basis as of July 31, according to NAREIT. Nearly all sectors of the REIT market also delivered double-digit gains during the first seven months of the year, NAREIT says.
NAREIT reports that on a total-return basis, the FTSE NAREIT All REITs Index gained 2.30% and the FTSE NAREIT All Equity REITs Index gained 2.17% in July, while the S&P 500 rose 1.39%.
For the first seven months of the year, the FTSE NAREIT All REITs Index was up 18.08% and the FTSE NAREIT All Equity REITs Index was up 17.40%, compared to the S&P 500’s gain of 11.01%.
On a 12-month basis, the FTSE NAREIT All REITs Index delivered a 14.79% total return and the FTSE NAREIT All Equity REITs Index delivered a 13.72% gain, compared to the S&P 500’s gain of 9.13%.
NAREIT also found that nearly all sectors of the U.S. REIT market delivered double-digit gains for the first seven months of this year.