REIT - The State Of REITs: November 2021 Edition

• REITs have achieved positive returns in 9 of the first 10 months of 2021, including a +4.25% average return in October.
• Large cap (+7.60%) and Mid cap REITs (+4.88%) surged in October while micro caps (-1.35%) badly underperformed.
• 79.78% of REIT securities had a positive total return in October.
• Self Storage (+12.91%), Industrial (+11.45%) and Student Housing (+10.88%) all achieved double-digit gains in October. Timber (-5.02%) and Land (-1.64%) saw the largest declines.
• The average REIT NAV discount narrowed to -1.52% in September. The median NAV discount flipped to a premium of +1.37% during the month.

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