REIT property sectors posted positive returns across the board last week as attention turned towards reopening the economy. The FTSE Nareit All Equity REITs index posted a total return of 6.9%, the strongest weekly return in six weeks and outpacing the 3.5% total return on the Russell 1000.
Returns by property sector ranged from low single-digit gains to the high teens. Data centers and infrastructure had weekly total returns of 2.7% and 4.6%, respectively. These tech-related sectors have been little affected by the covid-19 crisis, and last week’s gains added to their positive returns year-to-date.
At the other end of the spectrum are several sectors that had a double-digit rebound from declines earlier this year. Lodging/resorts had a total return of 17.5%, yet remain deep in the red for the year-to-date. Specialty REITs, health care, timber, and commercial and home financing mREITs all had total returns greater than 10%.
