REITs Hold Firm in May

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.

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