Self storage, residential drive REIT returns higher this week
Self storage and residential REITs drove REIT returns higher this week, with the FTSE Nareit All Equity REITs index rising by 1.60% on a weekly basis.
The self storage subsector gained 3.43% of value, while the residential subsector increased by 3.12% W/W.
Office REITs were up by 2.93% from last week.
Diversified REITs, comparatively, were a laggard, having lost 0.48% of value from last week.
Mortgage REITs gained 2.88% of value, while the broader real estate sector increased by 1.51%.
Comparatively, the S&P 500 index rose by 1.62% from last week.