In the latest edition of Quick Study, Brad Case, NAREIT’s senior vice president for research and industry information, said a rebound in REIT returns during December was likely caused by investor interest in undervalued assets.
The FTSE/NAREIT All REIT Index had a total return of 4.2 percent in December following four consecutive months of downturns. The S&P 500 index was up 2.0 percent in December.
“It was very difficult to make the case that REITs were overvalued. Investors started to recognize that and come back into the REIT market,” Case said.
