REIT returns were lower in November, although on a year-to-date basis the sector continues to post a solid performance, market watchers said.
The total returns of the FTSE Nareit All REITs Index fell 1.4% in November, while the S&P 500 gained 3.6% during the same period. For the year to Nov. 29, the FTSE Nareit All REITs Index was 27.1% higher, while the S&P 500 was 27.6% higher over the same period.
The total returns of the FTSE Nareit mREIT Index gained 1.5% last month, while the yield on the 10-year Treasury gained 0.1%.
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