10/25/2021
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REITs rose last week, with a total return of 2.4% on the FTSE Nareit All Equity REITs Index. Last week’s increase raised the year-to-date returns above 30%, to 30.2%. Broader markets also rose, with a gain of 1.7% on the Russell 1000, which has a year-to-date return of 21.8%.
Most property sectors had positive returns last week. Infrastructure and data center each had increases of greater than 5.0%, with total returns of 5.9% and 5.4%, respectively. Health care declined 1.6%, while lodging/resorts were down 0.9% and specialty edged 0.1% lower.
Mortgage REITs also moved higher last week, with a return of 1.7% for commercial mREITs and 1.2% for home financing mREITs.
