BRX - Heard On The REITs - Week Ending February 9th 2018
A broad sell off in the markets last week left no sector untouched. REITs continued their slide to bring the MSCI US REIT Index (RMZ) YTD total return to -10.5%! By comparison, the SPDR S&P 500 ETF (SPY) is down only 2%. I have mentioned in the past that the initial rate hike period is not good for REITs but they should be OK over the long-term. Unfortunately for investors with REITs currently in their portfolio, the decline has been painful.
All sub-sectors within REITs declined with the most noticeable declines in the