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REITs Rebound from Early-2022 Slump
REITs rebounded in March from a slump earlier this year, posting a total return of 7.1% for the FTSE Nareit All Equity REITs index and 6.5% for the FTSE Nareit Equity REITs index. The turnaround occurred as pandemic response measures continued to abate and amid the geopolitical turmoil created by Russia’s invasion of Ukraine, Nareit reported.
Through Feb. 23, the All Equity REITs index was down 13.6% year-to-date, but by March 31 had trimmed its losses for the year to -5.3%. The Equity REITs index posted returns of -11.9% and -3.9% over these respective periods.
Broader markets were all positive in March, with a total return of 3.2% for the Dow Jones U.S. Total Stock Market and 3.4% on the Russell 1000, according to Nareit.
Most property sectors were positive in March, led by healthcare with a total return of 11.9%, infrastructure at 11.5%, and self-storage at 10.2%.
- ◦Financing
