REITs Drop in November Amid Spike in Treasury Yields

REIT returns fell in November, as gains in long-term interest rates continued to put downward pressure on the sector, market watchers said.

The total returns of the FTSE/NAREIT All REIT Index dropped 2.0 percent in November, while the S&P 500 index gained 3.7 percent. Total returns of the FTSE/NAREIT All Equity Index fell 2.4 percent in November, while total returns of the FTSE NAREIT Mortgage REITs Index gained 1.7 percent.


U.S. Property Values Drop Slightly in April

Property values nationwide dipped about 0.3 percent in April, as measured by the FTSE NAREIT PureProperty Index Series.

Brad Case, NAREIT’s senior vice president for research and industry information, noted that property values were firmer in the Midwest and East regions, both of which saw values increase in the range of 0.6 to 0.7 percent. On the other hand, property values declined by roughly 1.5 percent in the South and 1.1 percent in the West.