FTSE Nareit All REITs Index 1.6% Higher in June

REITs posted modest gains in June and marginally outpaced the broader market on a year-to-date basis, as investors factored in macroeconomic events, the performance of the 10-year Treasury, and potential interest rate developments.

The total returns of the FTSE Nareit All REITs Index rose 1.6 percent in June, while the S&P 500 gained 7.1 percent. The total returns of the FTSE Nareit Mortgage REIT Index rose 5.1 percent in June, while the yield on the 10-year Treasury note dropped 0.1 percent.