REITs posted positive returns to begin 2025 as the FTSE Nareit All Equity REITs Index rose 1.0 percent in January, according to Nareit.
The broader stock market outperformed, with the Russell 1000 gaining 3.2 percent and the Dow Jones U.S. Total Stock Market rising 3.1 percent. As was broadly expected, the Federal Reserve left the target federal funds rates unchanged in January, noting that inflation remains “somewhat elevated” alongside strength in the broader economy and labor market.
The yield on the 10-year Treasury declined 7 basis points in January, ending the month at 4.55 percent after hitting an intra-month high of 4.79 percent. As of Jan. 31, the dividend yield on the FTSE Nareit All Equity REITs index was 3.93 percent and the FTSE Nareit Mortgage REITs Index yielded 12.05 percent, compared to 1.19 percent for the S&P 500 Inde
