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March 21, 2014 at 08:27 AM
U.S. REIT returns outpaced the S&P 500 in February and “significantly” outperformed the broader equity market in the first two months of the year, with freestanding retail being the industry’s top-performing sector year-to-date, according to the National Association of Real Estate Investment Trusts.
Sectors of the of the U.S. REIT market that delivered double-digit total returns for the first two months of 2014 included freestanding retail, the top-performing sector, delivering a 16.37% total return.
Self-storage was up 12.94%; apartments were up 12.23%; the home financing segment of the FTSE NAREIT Mortgage REITs Index was up 12.14%; Industrial was up 11.02%; and Office was up 10.03%.
NAREIT reported that while the S&P 500 was up 4.57%, on a total return basis, the FTSE NAREIT All REITs Index was up 4.69% in February, the FTSE NAREIT All Equity REITs Index was up 4.67%, and the FTSE NAREIT Mortgage REITs Index was up 4.30%.
