REITs Move Higher in February
March 6, 2017 | by Sarah Borchersen-Keto | Blue Vault
Market watchers said fundamentals for the REIT industry remain healthy, as REIT returns tracked the broader market in February.
The FTSE/NAREIT All REIT Index had a total return of 4.2 percent in February, slightly above the S&P 500 index’s return of 4 percent. Total returns of the FTSE/NAREIT All Equity REIT Index were 4.0 percent in February. The FTSE NAREIT Mortgage REITs Index produced a total return of 5.8 percent. The yield on the 10-year Treasury note fell 0.1 percent for the month.
Brad Case, senior vice president for research and industry information at NAREIT, noted that gains last month were generated by the strength of macroeconomic conditions.
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