John Barwick | Nareit
The FTSE Nareit All Equity REITs Index rose 1.8% in March. Broader equity markets continued to outperform, as the Russell 1000 and Dow Jones U.S. Total Stock Market each rose 3.2%. Market expectations of rate cuts have moderated as many investors expect fewer cuts than at the beginning of the year as inflation measures remain higher than the Federal Reserve’s target range.
As of March 28, the dividend yield for the FTSE Nareit All Equity REITs Index was 4.06% and the FTSE Nareit Mortgage REITs Index yielded 12.18%, compared to 1.3% for the S&P 500. The 10-Year Treasury yielded 4.24% at the end of March, rising 32 basis points since the end of 2023.
