- REITs extended their 2021 winning streak with a +3.02% average total return in March.
- Large cap REITs (+5.69%) outperformed in March, while micro caps (-1.57%) saw their first decline of the year.
- 74.73% of REIT securities had a positive total return in March.
- Single Family Housing and Advertising REITs led all property types in March while Hotels and Land saw the greatest losses.
- After months of strong price gains and some recent upward revisions to NAV, the average REIT is trading almost exactly at NAV (+0.05%).
For further details see:
The State Of REITs: April 2021 Edition