RDOG - The State Of REITs: October 2022 Edition

Summary

• The REIT sector has endured declines in 7 of the first 9 months of 2022, including a particularly brutal -13.66% total return in September.
• Micro cap (-18.27%) and small cap REITs (-15.01%) saw the steepest declines. Large caps (-11.44%) and mid caps (-11.75%) endured the selloff somewhat better with low double-digit declines.
• Only 3.03% of REIT securities had a positive total return in September.
• Single-Family Housing (-7.10%) and Casino (-7.71%) REITs saw the smallest declines of all property types in September. Infrastructure (-22.78%) and Land (-21.68%) REITs suffered the most severe average price collapse.
• The average REIT NAV discount widened from -20.28% to 30.96% during September. The median NAV discount also widened from -20.04% to -29.61%.

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