Seeking Alpha

REITs underperform in August and YTD

  • U.S. REITs had a tough August, falling 6.23% on a total return basis, according to NAREIT. The YTD return has now gone slightly negative. This compares to the S&P 500 off 2.9% in August and up 16.15% YTD.
  • Not all sectors are down though. Lodging/Resorts leads, gaining 10.85% YTD. Self-Storage, Manufactured Homes, and Timber (CUT, WOOD) have also gained.
  • Leading on the downside are mortgage REITs (MORT), off 5.59% YTD. Apartments and Retail are also posting losses YTD.
  • REIT ETFs: FRI, WREI, FTY, ICF, IYR, REM, REZ, RTL, PSR, KBWY, SCHH, RWR, VNQ, DRN, URE, DRV, SRS, REK, ROOF, REZ, MORL.
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Comments (3)
  • DeepValueLover
    , contributor
    Comments (9575) | Send Message
     
    Once the "taper" vapor dies down the REITs will do just fine.
    11 Sep 2013, 07:03 PM Reply Like
  • fayrweather
    , contributor
    Comments (87) | Send Message
     
    they are actually doing just fine now. As good or better than buying your own rental property..... and with a lot less initial purchase.
    11 Sep 2013, 10:19 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (9575) | Send Message
     
    Yeah, but you can use a lot more leverage to buy real estate outright.
    12 Sep 2013, 11:32 AM Reply Like
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