REIT stocks posted negative performance in October 2009, according to the latest data released by the National Association of Real Estate Investment Trusts (NAREIT).
In particular, the FTSE NAREIT Equity REIT Index for October 2009 registered a negative total return of -4.5%.
REITS specializing in Health property posted the highest return of 3.3% in October 2009, followed by REITS specializing in manufactured homes with a monthly return of 2.8%.
REITs specializing in all other property types posted a negative performance in October 2009. REITs specializing in Lodging/Resorts were the worst performers with a total return of -10.8%, followed by Diversified REITs with a total return of -8%.
Office/industrial, free standing retail, and office-only complete the list of 5 worst performing property sectors in the REIT arena in October 2009, with monthly total returns of -7.7%, -7.5% and -7.2%, respectively.
On a year-to-date basis as of October 31, REIT stocks performed relatively well with a positive total return of 11.7%. Lodging/Resorts, Regional Malls and Manufactured Homes were the three best performing property sectors in the arena of REIT stocks on a year-to-date basis with total returns of 40.1%, 36.9% and 28%, respectively.
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Return from REIT Stocks in October 2009 to Market Watch