08/03/2021
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REITs had a small positive total return last week with a gain of 0.1% on the FTSE Nareit All Equity REITs Index (table). Broader markets were down a bit, with a -0.4% return on the Russell 1000.
There was a relatively small amount of variation across the REIT property sectors. The largest increases were among retail and office REITs, with returns of 1.1% and 1.0%, respectively. Similarly, the declines were modest, with timber REITs down 1.7% and data centers down 1.2%.
Returns among mREIT sectors were also tightly bunched, with 1.1% returns for home financing mREITs and also 1.1% returns for commercial financing mREITs.
