REIT returns were higher in March and outperformed the broader market during both the month and the first quarter of the year. Solid gains were posted across most sectors.
The total returns of the FTSE Nareit All REITs Index rose 4.2 percent in March, while the S&P 500 advanced 1.9 percent. The total returns of the FTSE Nareit Mortgage REIT Index also rose 1.9 percent in March, while the yield on the 10-year Treasury note fell 0.3 percent.
For the first quarter, the FTSE All REITs Index rose 16.7 percent while the S&P 500 rose 13.7 percent.