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Research - OCTOBER 6, 2017

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REITs fall 0.8% in September

by Loretta Clodfelter

U.S. REITs fell 0.79 percent in September, according to the FTSE NAREIT All Equity REITs Index, underperforming the broader equity markets. The S&P 500 Index rose 1.93 percent in the month. Year-to-date, the sector has advanced 6.04 percent, compared with 12.53 percent for the S&P 500 Index.

The worst-performing property sector in September was infrastructure, which fell 7.22 percent. Investors may have been taking some gains off the table, as the segment was the best-performing in August. Year-to-date, infrastructure REITs have risen 24.39 percent, behind only data center REITs, which are up 27.95 percent through the end of September.

REITs have mostly stayed in positive territory so far this year; only the retail sector, and its regional mall and shopping center subsectors, has declined year-to-date. Shopping center REITs are down 15.23 percent in the first three quarters of 2017, and regional mall RE

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