Big April, big year for REIT sector

|By:, SA News Editor

The FTSE NAREIT All REITs Index gained 2.88% in April, outpacing the S&P 500 by more than 200 basis points. The All Equity REITs Index gained 2.99%, while the Mortgage REITs index added 1.86%.

In the year's first four months, the FTSE NAREIT All REITs index is up 11.7%, more than 900 basis points better than the S&P 500.

The top performer in REITs through April is self-storage, with total return of 18.83% (the sector has been the subject of a few valuation-related downgrades of late). Other big gainers are Health Care up 16.84%, Apartments up 16.4%, and Home Financing up 15.36%.

Even with the gains this year, the dividend yield of the All REIT's Index remains a beefy 4.05%, about 200 bps higher than the S&P 500.

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