Research - APRIL 5, 2013

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REITs rise 8 percent in first quarter

by Sara Kassabian

Equity REITS posted a total return of 8.10 percent in first quarter 2013, slightly underperforming the S&P 500 Index’s 10.61 percent total return, according to the FTSE NAREIT All Equity REITs Index. For the month of March, REITs posted returns of 2.99 percent.

However, all equity REITS significantly outperformed the broader equity market in the 12 months ending March 28, delivering a 17.11 percent total return compared with the S&P 500 Index’s return at 13.96 percent in the same period.

Bernhard Krieg, a global REITs portfolio manager at Brookfield Asset Management, says asset types that delivered higher nominal yields performed strongly in the first quarter and March 2013.  

Though nearly all segments of the U.S. REIT market delivered positive returns in the first quarter, the timber, healthcare and lodging sectors had especially strong performances in March that invest

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