Early Returns Show REITs Starting 2014 On Strong Note – CoStar Group
Nearly a year after nagging concerns over rising interest rates and other economic factors put a damper on REIT stocks, returns among the publicly traded property owners have started edging up again through the first four months of 2014.
Year-to-date equity REIT returns were up nearly 13.2% through April 29, according to the FTSE NAREIT Equity REITs Index. Mortgage REITs have also turned around strongly, with returns increasing about 12%.
Year-to-date total returns have been led by self-storage at 18.58%; health care, 16.65%; apartments, 16.2%; office at 13.25%, mixed REITs, 12.53%, retail, 12%, and industrial, 10.90%. Lodging REIT shares increased 8.4% through April 29.