REIT returns were higher in June as broadly positive fundamentals continued to support the market, according to industry watchers.
The total returns of the FTSE Nareit All REITs Index rose 4.1 percent in June, while the S&P 500 rose 0.6 percent. The total returns of the FTSE Nareit Mortgage REIT Index gained 1.5 percent in June.
The yield on the 10-year Treasury note was flat in June.
Brad Case, Nareit senior vice president for research & industry information, noted that REITs have now outperformed the broader stock market for four consecutive months.
Source: RSS Reit