- REIT owners suffered a negative 4.95% total return in April, more than 700 basis points worse than the S&P 500. The move came as the 10-year Treasury yield pushed higher by about 20 basis points to 2.05%.
- Best-performing were the infrastructure REITs with a 0.97% total return. Among the "least bad" sectors were the apartment REITs with a negative 3.70% total return - as Q1 earnings reports are showing, fundamentals remain strong in the multifamily sector.
- Source: Trepp REIT Cafe
- Previously: Aimco on the move after beat and raise (May 1)
- Previously: Mid-America: High cotton for apartment owners (April 29)
- ETFs: IYR, VNQ, DRN, URE, SCHH, ICF, SRS, RWR, KBWY, DRV, REK, FRI, FTY, PSR, FREL, WREI