The FTSE Nareit All Equity REITs index fell narrowly, with a total return of -0.3% for the week ending Nov. 12, while the FTSE Nareit Equity REITs index was flat. Year-to-date total returns for All Equity REITs stands at 31.8% and 34.9% for Equity REITs. Broader markets also fell, with a loss of -0.2% on the Russell 1000, which has a year-to-date total return of 25.3%.
REIT property sector performance was mixed. Self storage delivered a total return of 1.7%, with industrial following at 1.5% and residential at 1.1%. After a week of strong performance, lodging/resorts and timber both lagged with total returns of -5.1% and -3.3%, respectively.
Mortgage REITs also declined, with returns of -1.5% for home financing mREITs and -0.7% for commercial financing mREITs.
