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After a poor performance in May, REITs rebounded in June (+1.61%), bringing the average equity REIT to a stellar return of 19.17% over the first half of 2019. REITs saw much smaller gains than the broader market did in June, as the Nasdaq (+7.42%), S&P 500 (+6.89%) and Dow Jones Industrial Average (+7.19%) surged. The market cap-weighted Vanguard Real Estate ETF (VNQ) achieved a slightly lower return than the average REIT in June (+01.56% vs. +1.61%) and had a virtually identical performance to the average REIT over the first half of