REITs Advance in October on Encouraging Earnings

REITs posted gains in October, supported by positive third quarter earnings reports and the Federal Reserve’s decision to keep interest rates unchanged, according to market watchers.

The total returns of the FTSE/NAREIT All REIT Index rose 6.1 percent in October, while the S&P 500 Index gained 8.4 percent. The yield on the 10-year Treasury note was up 0.1 percent for the month. Through the end of October, REIT total returns for 2015 were up 1.3 percent, while the S&P 500 Index was up 2.7 percent.

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Quick Study: REIT Gains Underscore Favorable Conditions

In the latest edition of Quick Study, Brad Case, NAREIT’s senior vice president for research and industry information, said REIT market gains in October provided some comfort to investors and showed that conditions are in place for continued growth.

The total returns of the FTSE/NAREIT All REIT Index rose 6.1 percent in October, while the S&P 500 Index gained 8.4 percent. The yield on the 10-year Treasury note was up 0.1 percent for the month. As of Oct. 30, REIT total returns were up 1.3 percent for the year, while the S&P 500 Index was up 2.7 percent.

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Texas Christian Team Leads Real Estate Portfolio Challenge

Students from Texas Christian University are currently leading the Real Confidence University Portfolio Challenge, a year-long competition featuring teams from 15 universities seeking to create the best-performing portfolio from a mixture of real estate investments.

NAREIT has partnered in the challenge with the National Council of Real Estate Investment Fiduciaries (NCREIF).  Altus Group Ltd., a provider of independent advisory services, is managing the project.

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