REITs held steady in May, as concerns over interest rate increases and uneven economic data continued to put pressure on the market.
The total returns of the FTSE/NAREIT All REIT Index slipped 0.1 percent in May, while the S&P 500 Index gained 1.3 percent. The yield on the 10-year Treasury note rose 0.1 percent for the month.
Through the end of May, total returns from the FTSE/NAREIT All REIT Index were 1.0 percent lower. The S&P 500 was up 3.2 percent during the same period.