John Barwick

The FTSE EPRA Nareit Developed Extended Index rose 2.8% in February and was up 4.6% on a year-to-date basis at month-end.

The FTSE Nareit All Equity REITs Index posted a total return of 4.2% in February as broader market equities fell, with the Russell 1000 declining 3.2% and the Dow Jones U.S. Total Stock Market falling 3.1%.

FTSE EPRA Nareit indices offer exposure to new and emergent property sectors.

The FTSE EPRA Nareit Developed Extended and Developed Indexes each rose 1.8% in the first month of 2025, led by industrial, timberland, and health care.

REITs posted positive returns to begin 2025 as the FTSE Nareit All Equity REITs Index rose 1.0% in January.

U.S. REITs raised $12.5 billion from secondary debt and equity offerings in the fourth quarter of 2024.

Specialty, data centers, health care REITs led returns in 2024.

In November, the FTSE Nareit All Equity REITs Index gained back most of the ground lost in the previous month, posting a total return of 3.5%.

The FTSE Nareit All Equity REITs Index fell 3.6% in October, underperforming the broader stock market as the Dow Jones U.S. Total Stock Market and Russell 1000 declined 0.7%.

U.S. REITs raised $23.3 billion from secondary debt and equity offerings in the third quarter of 2024; $15.4 billion came from debt, $5.1 billion was raised in one IPO, and $2.8 billion came from secondary common and preferred equity offerings.