REITs outpaced the broader market in May, as near-term fundamentals remain positive and capital continues to flow into the sector, analysts said.
The FTSE/NAREIT All REIT Index had a total return of 2.3 percent in May, while the S&P 500 Index gained 1.8 percent. For the year to May 31, the total return of the FTSE/NAREIT All REIT Index was 6.5 percent, while the S&P 500 Index posted a total return of 3.6 percent. The yield on the 10-year Treasury note fell 0.4 percent during the first five months of the year.