REITs Pass Midyear Point Up More than 20%
Self-storage REITs led the way through the first six months of 2021, but retail, residential and industrial REITs also posted strong numbers.
July 12, 2021 | David Bodamer | WealthManagement
The FTSE Nareit All Equity REITs Index was up 21.35 percent through the end of June—outperforming major indices including the S&P 500, the Russell 2000, the Nasdaq Composite and the Dow Jones Industrial Average.
While performance has varied by subsector, every property type is up for the year, fueled by the overall economic recovery that has taken place alongside the drop of social distancing measures and other anti-COVID safety measures as the number of vaccinated Americans has reached higher levels. While there are some regional surges as the more contagious Delta variant continues to spread, that so far that has not translated into any slowdown for REITs.
WMRE sat down with Nareit Executive Vice President and Economist John Worth to discuss June’s returns and REIT performance through the first six months of 2021.
