FTSE Nareit All REITs Index Down 2.6% in October

REIT returns came under pressure during October, although the declines were not as large as those seen across the broader market.

The total returns of the FTSE Nareit All REITs Index fell 2.6 percent in October, while the S&P 500 dropped 6.9 percent. The total returns of the FTSE Nareit Mortgage REIT Index fell 1.8 percent in October, while the yield on the 10-year Treasury note added 0.1 percent.

Steve Manaker, analyst at Compass Point Research & Trading, LLC, described REITs as a “safe haven” during the current period of market volatility.