National CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
REITs Continued Outperforming Broader Markets in August, Says Nareit
The FTSE Nareit All Equity REITs Index continued to outperform broader markets in August, posting a total return of 5.4% as the Russell 1000 and Dow Jones U.S. Total Stock Market rose 2.4% and 2.1%, respectively, Nareit said. The All Equity REITs Index has increased 13.2% in the third quarter and is up 10.7% on a year-to-date basis.
Nareit said the dividend yield on the FTSE Nareit All Equity REITs index was 3.67%. The FTSE Nareit Mortgage REITs Index yielded 11.87%, compared to 1.24% for the S&P 500.
The All Equity REITs index is up 35.2% since Oct. 19, 2023, when the yield on the 10-Year Treasury approached 5%. Since October 2023, the Dow Jones U.S. Total Stock Market and Russell 1000 have narrowly lagged REITs, each returning 33.4% over that period. By sector, Nareit said nearly all rose in August. Self-storage led with a total return of 13.3%, followed by residential at 10.4% and specialty at 8.3%.
