- REITs have only had negative total returns in 2 of the first 11 months of 2021, including November’s -3.90% average return.
- Large-cap (-1.41%) and mid-cap REITs (-3.61%) outperformed with only modest share price declines, while micro caps (-7.49%) suffered heavier losses.
- Only 29.55% of REIT securities had a positive total return in November.
- Land (+7.21%) and Data Centers (+5.29%) outperformed all REIT property types in November. Hotel (-12.34%) and Casino (-8.51%) REITs suffered the steepest declines.
- The average REIT NAV discount widened to -6.98% in November. The median NAV premium at the end of October flipped to a discount of -4.44% by the close of November.
For further details see:
The State Of REITs: December 2021 Edition