Continuously Offered NTRs Show Return Resiliency in 2020

January 27, 2021

Continuously Offered NTRs Show Return Resiliency in 2020

January 27, 2021 | James Sprow | Blue Vault

In a year that showed extreme volatility for the stock prices of listed REITs, the monthly rates of return for the 14 open continuous offering nontraded REIT programs have been remarkably positive and consistent.  Shown below are the median monthly returns for the 14 NTRs.  The returns include both distributions and changes in the estimated net asset values (NAVs) of the REIT shares.  For most REITs, the returns are for Class I shares which do not have sales loads. 

The total returns for the year 2020 for Class I shares are available for 13 of the 14 REITs, as shown below.

The FTSE NAREIT All REITs Index (^FNAR) opened 2020 at 231.68 on January 2 and closed at 207.60 on December 30, 2020, down 10.4% for the year. 

During 2020, the S&P 500 varied from a low on March 23 of 2,237.40 to close at 3,756.07 on December 31. It began the year 2020 at 3,234.85, for a total increase for the year of approximately 16%.      

Sources:  SEC, Individual NTR Websites, Yahoo Finance

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Loreen M. Gilbert, CIMA, AIF, CRC, CLTC – President, WealthWise Financial Services
Blue Vault
July 6, 2016

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