April 13, 2022

Publicly-Traded REITs Enjoyed a Strong Bounce Back in March

April 10, 2022 | David Bodamer | WealthManagement.com

The year got off to a rocky start with two straight months of declining total returns, but REITs ended the first quarter on a hot streak and are closing in on break-even for the year.

After a slow start in the first two months of 2022, the FTSE Nareit All Equity REITs index rose 7.07 percent in March. As a result, total returns year-to-date were down 5.26 percent—up from a month ago when year-to-date returns were -11.52 percent.

Every overall property sector posted gains for the month, lead by healthcare REITs up 11.89 percent, cell tower REITs up 11.50 percent and self storage REITs up 10.22 percent. The only sub-sectors that finished in negative territory for the month were regional mall REITs, down 2.78 percent, manufactured homes, down 0.26 percent, and timber REITs, which were down 1.17 percent.

WMRE sat down with Nareit Executive Vice President and Economist John Worth to discuss the March return figures.

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