U.S. REIT returns "strongly" outpaced the S&P 500 in April and "significantly" outpaced the broader equity market in the first four months of the year, with self-storage the industry's top-performing sector year to date, delivering an 18.83% total return, according to the National Association of Real Estate Investment Trusts.
NAREIT said that on a total return basis, the FTSE NAREIT All REITs Index was up 2.88% in April, the FTSE NAREIT All Equity REITs Index was up 2.99%, and the FTSE NAREIT Mortgage REITs Index was up 1.86%, while the S&P 500 was up 0.74%.
For the first four months of the year, the FTSE NAREIT All REITs Index was up 11.70%, the FTSE NAREIT All Equity REITs Index was up 11.76%, and the FTSE NAREIT Mortgage REITs Index was up 13.23%, compared with the S&P 500's gain of 2.56%.
