REITs outperform broader market in 2008

Real estate investment trusts outperformed other major market benchmarks during the first five months of the year.
JUN 02, 2008
By  Bloomberg
Real estate investment trusts outperformed other major market benchmarks during the first five months of the year. The FTSE NAREIT all-REIT index showed that REITs were up 6.5%, for the period, while equity REITs rose 8.2%. The Standard & Poor’s 500 stock index, by contrast, was down 3.8%. The Nasdaq Composite Index fell 4.9%, and the Russell 2000 Index, slipped 1.8%. Self-storage and residential REITs were the biggest gainers, posting returns of 21.1% and 15.6% respectively. The REIT gains have helped the group recover from last year’s trouncing when they were sold off along with financial stocks. Equity REITs posted a return of -17.8% last year. “The REIT downturn of 2007 and early 2008 mirrored the duration and severity of the downturn in 1989-1990,” according to a statement from the National Association of Real Estate Investment Trusts in Washington. “Having reached a trough in February, the REIT market has steadily risen the past three months.”

Latest News

Investing for accountability: How to frame a values-driven conversation with clients
Investing for accountability: How to frame a values-driven conversation with clients

By listening for what truly matters and where clients want to make a difference, advisors can avoid politics and help build more personal strategies.

Advisor moves: Raymond James ends week with $1B Commonwealth recruitment streak
Advisor moves: Raymond James ends week with $1B Commonwealth recruitment streak

JPMorgan and RBC have also welcomed ex-UBS advisors in Texas, while Steward Partners and SpirePoint make new additions in the Sun Belt.

Cook Lawyer says fraud claims are Trump’s ‘weapon of choice’
Cook Lawyer says fraud claims are Trump’s ‘weapon of choice’

Counsel representing Lisa Cook argued the president's pattern of publicly blasting the Fed calls the foundation for her firing into question.

SEC orders Vanguard, Empower to pay more than $25M over failures linked to advisor compensation
SEC orders Vanguard, Empower to pay more than $25M over failures linked to advisor compensation

The two firms violated the Advisers Act and Reg BI by making misleading statements and failing to disclose conflicts to retail and retirement plan investors, according to the regulator.

RIA moves: Wells Fargo pair joins &Partners in Virginia
RIA moves: Wells Fargo pair joins &Partners in Virginia

Elsewhere, two breakaway teams from Morgan Stanley and Merrill unite to form a $2 billion RIA, while a Texas-based independent merges with a Bay Area advisory practice.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.