REIT returns dipped in August, but they continue to outpace the broader market on a year-to-date basis as fundamentals remain stable across the industry, analysts said.
The total return of the FTSE/NAREIT All REIT Index dropped 3.3 percent in August, while the S&P 500 index held steady, up 0.1 percent. For the year through the end of August, the total return of the FTSE/NAREIT All REIT Index was 14.2 percent, while the S&P 500 posted a total return of 7.8 percent. The yield on the 10-year Treasury note dropped 0.7 percent in the first eight months of 2016.