by Robert A. Stranger & Company
Net Asset Value (NAV) REITs posted a strong 6.79 percent return for fourth quarter 2021 as measured by the Stanger NAV REIT Total Return Index, according to Robert A. Stranger & Company.
The Stanger NAV REIT Index, which took a moderate dip in early 2020, recovered to its pre-pandemic level during third quarter 2020 and has continued a steady rise. NAV REIT returns have approximated those of their traded counterparts with a cumulative total return of 64 percent over the past 60 months. The momentum of the MSCI U.S. REIT Index Gross Total Return (RMS G), which slowed in the third quarter with a 0.98 percent total return, rose 16.32 percent in the fourth quarter on a strong stock market. Over the past 60 months, the total return of this broader REIT market index was 66.8 percent.
“This performance highlights the benefits of a non-listed NAV REIT vehicle that historically has provided a mostly steady real estate-based return without the extreme ongoing volatility of
