REITs underperform in August and YTD

|By:, SA News Editor

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.