08/17/2021
| by
REIT share prices declined slightly last week, with a total return of -0.1% on the FTSE Nareit All Equity REITs Index, ending a five week string of consecutive weekly gains. Broader markets rose, with a 0.6% return on the Russell 1000 and a 0.8% return on the S&P 500.
Returns were evenly distributed among the REIT property sectors, with five sectors advancing last week while seven sectors declined. Leading among the advances was the self storage REIT sector with a total return of 1.8%, while the largest decline was 1.5% in the residential REIT sector.
mREITs also lined up in the plus column with a return of 1.4% for home financing mREITs, and 0.3% for commercial financing mREITs.
