After a 4.69% gain in February, the FTSE NAREIT All REIT Index is higher by 8.22% in the year's first two months, with equity REITs up 8.13% and Mortgage REITs up 10.52%. The S&P 500 is up 0.96% through the end of February.
The top-performing REIT sector is Free Standing Retail with a 16.37% total return. Self-Storage is up 12.94%, Apartments up 12.23%, Home Financing up 12.14%. Industrial up 11.02%, Office up 10.03%.
Even after the nice run, the All REITs Index still offers a 4.04% dividend yield, about double that of the S&P 500.