REITs start off 2013 with positive returns
The REIT sector started off 2013 with a positive return, recording a 3.66 percent total return in January, according to the FTSE NAREIT All Equity Index.
“The economy is doing well, we don’t really have a lot of supply risk right now, and it’s business as usual — there’s activity,” says Michael Torres, CEO of Adelante Capital Management. "The successful merger of Spirit Realty Capital and Cole Credit Property Trust II is evidence of positive activity in the REIT market last month."
The industrial sector was the top performer, posting total returns of 8.95 percent, followed by