Investors Anticipating Stronger Operating Fundamentals
The FTSE NAREIT All REIT Total Return Index climbed more than 4.5 percent in October, bringing REITs’ year-to-date total returns up 23.9 percent in 2010. The FTSE NAREIT Equity REIT Total Return Index gained 4.7 percent for the month, with an annual return through the end of October of 24.7 percent.
REITs continued to outpace the broader market measures through the end of October. The S&P 500 was up 3.8 percent for the month. So far in 2010, the S&P 500 has gained 7.8 percent.