FTSE Nareit All REITs Index Up 0.6% in April

REIT returns were modestly higher in April as valuation levels, first quarter earnings reports and mergers and acquisitions (M&A) activity lifted investor sentiment.

The total returns of the FTSE Nareit All REITs Index rose 0.6 percent in April, while the S&P 500 rose 0.4 percent. The total returns of the FTSE Nareit Mortgage REIT Index gained 0.4 percent in April.

The yield on the 10-year Treasury note rose 0.2 percent in April.