Publicly-Traded REITs Were Flat in April, Remain Up for the Year
May 8, 2023 | David Bodamer | WealthManagement.com
The Nareit All Equity REIT Index generated total returns of 0.3% in April, with residential and healthcare REITs leading things on the positive side, while several segments posted slight declines for the month.
Residential REITs as a whole were up 4.15% in April, with apartment REITs (4.55%) and single-family rental REITs (6.48%) outpacing manufactured housing REITs (0.33%). Healthcare REITs also had a strong month, up 5.8%. Office REITs (-2.6%), lodging/resorts REITs (-2.1%), self-storage REITs (-2.8%), timber REITs (-2.3%) and infrastructure REITs (-2.2%) were all down for the month.
