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Sign in Sign up for a FREE subscriptionREITs decline in January amid market sell-off
The FTSE Nareit Equity REITs Index fell 6.9 percent in January, amid a broader market sell-off. The S&P 500 Index fell 5.3 percent in January, and the tech-heavy Nasdaq Composite Index fell nearly 9.0 percent. REITs fell across the board, with only the healthcare segment eking out a positive showing at 0.3 percent for the month.
The biggest declines were by infrastructure and data center REITs, down 13.9 percent and 13.6 percent. The technology-focused sectors, which provide transmission and storage of internet data, fell amid a wider skepticism regarding high-tech performance.
Listed property investors appear to be bracing for a rising interest rate environment. Core property types recorded single-digit losses in January. Investor darlings industrial and apartments fell 8.4 percent and 5.6 percent, respectively, while office REITs fell 6.3 percent and retail REITs fell 5.2 percent.
The stock market turmoil also caused one REIT to delay a planned initial pub
