FTSE Nareit All REITs Index Up 3.7% in March

REIT returns rose in March as investors turned their attention to more defensive sectors of the economy, analysts said.

The total returns of the FTSE Nareit All REITs Index rose 3.7 percent in March, while the S&P 500 dropped 2.5 percent. The total returns of the FTSE Nareit Mortgage REIT Index gained 6.5 percent in March.

The yield on the 10-year Treasury note fell 0.1 percent in March.