02/22/2021 | by

REIT share prices declined last week, reversed a part of their recent gains, with the FTSE Nareit All Equity REITs recording a total return of -0.9%.

Most property sectors were in the red. Among those with increases, the lodging/resort sector stands out with an 8.1% return. Declines in the pace of new cases of COVID-19 and an increased rate of vaccinations have raised hopes of renewed travel volumes later this year. The lodging/resort REIT sector has posted gains of greater than 5% for three weeks in a row, and leads all property sectors in year-to-date total return at 15.3%.

Mortgage REITs gained, with home financing mREITs moving slightly higher and commercial mREITs up 1.3%. Both sectors of mREITs have gains for the year.

Weekly REIT returns chart for Feb 22nd

Get Nareit Market Commentary blog posts delivered straight to your inbox.

Subscribe

Subscribe to the Developments Blog