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%.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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