The residential and healthcare sectors pulled REITs into the black in April. The FTSE Nareit Equity REITs Index rose 0.8 percent in the past month, with a year-to-date total return of 3.5 percent. This was a reversal from REITs’ 2.5 percent decline in March.
Looking at the broader stock market, the S&P 500 Index rose 1.5 percent in April and is up 8.6 percent in the first four months of the year, while the S&P MidCap 400 Index fell 0.9 percent in April and is up 2.5 percent year-to-date.
The top-performing REITs in April were a mix of apartment, healthcare and specialty firms, with EPR Properties, Ventas, Veris Residential and Welltower all rising more than 10 percent in the month.
Healthcare REITs were among the outperformers in April, rising 5.8 percent. Firms in the sector cover the range of healthcare-related real estate, including medical office buildings, hospitals, skilled nursing faci