Real estate investment trusts fell along with the broader markets in August, though they fared slightly better, according to industry data.
The FTSE NAREIT All REITs Index, which includes equity and mortgage REITs, lost 5.7% in August on a total return basis. The FTSE NAREIT All Equity REITs Index fell 5.8% in the month, and the FTSE NAREIT Mortgage REITs Index was down 3.5%.
In comparison, the S&P 500 lost 6.0% on a total retrn basis in August.
For the year through Aug. 31, the total return of the FTSE NAREIT All REITs Index decreased 6.3%, the FTSE NAREIT All Equity REITs Index fell 6.5%, and the FTSE NAREIT Mortgage REITs Index dropped nearly 5.7%. The total return of the S&P 500 was down close to 3% for the year through August.
At the end of August, the FTSE NAREIT All REITs Index included 225 REITs with a combined equity market capitalization of $878 billion, according to NAREIT, the National Association of Real Estate Investment Trusts, which released its latest research on Thursday.
The FTSE NAREIT All REITs Index has a dividend yield of about 4% vs. 2.2% for the S&P 500.
The FTSE EPRA/NAREIT Global Real Estate Index total return decreased by 5.9% (in U.S. dollars) for 2015 through August; during this time, it had a dividend yield of nearly 3.8% as of Aug. 31.