PPTY - The State Of REITs: February 2019 Edition
REIT Performance
This was the best January for the S&P 500 in 32 years and the best month for small caps since 2011. However, even the strong performance of the S&P (+8.02%) fell well short of the REIT sector’s tremendous January return (+14.28%). REITs also substantially outperformed the NASDAQ (+9.99%) and the Dow Jones Industrial Average (+7.63%).
Although most REITs had a strong start to the year, those whose prices had been most negatively impacted by tax loss selling in December generally outperformed in January. Tax loss selling had led investors to aggressively sell off