Research - NOVEMBER 5, 2014

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REITs bounce back big in October

by Reg Clodfelter

After a merciless September that saw the FTSE NAREIT All Equity REITs Index lose 5.61 percent in just one month, the index bounced back in a big way in October, returning 8.99 percent, giving it a 23.55 percent total return for 2014, compared with a 2.86 percent total return for all of 2013.

By sector, the big winners were manufactured homes, which returned 15.14 percent for the month, and self-storage, which returned 12.18 percent, bringing the two sectors’ year-to-date returns to 38.94 percent and 29.38 percent, respectively. That said, the two niche property types account for less than 5 percent of the REITs in the index.

Among more prominent property types, healthcare REITs, which account for 10 percent of the vehicles in the index, returned 12.01 percent in October. After a rough

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