by Robert A. Stanger & Co.
Both listed and non-listed REITs made gains in the second quarter as markets continue their recovery from the heavy toll COVID-19 took on real estate securities in 2020, reported Robert A. Stanger & Co.
A strong stock market lifted the return of the MSCI US REIT Index Gross Total Return (RMS G) by 12.00 percent in the second quarter to a new record high. Over the last 60 months, the total return of this broader REIT market index was 35.8 percent. Net asset value (NAV) REITs posted a strong 5.60 percent return for the quarter as measured by the Stanger NAV REIT Total Return Index. The Stanger NAV REIT Index recovered to its pre-pandemic level during the third quarter of 2020 and has since set a new record high each quarter. NAV REITs continue to outpace their traded counterparts with a cumulative total return of 48.2 percent over the last 60 months.
“This performance highlights the benefits of a non-listed NAV REIT vehicle, that historically has provided a mostly
