REIT Performance
After achieving gains in the first 4 months of 2019, REITs dipped slightly in May (-0.98%). However, the average REIT still maintains an impressive year-to-date return of 17.22%. REITs weathered the May market selloff much better than the broader market did, as the NASDAQ (-7.93%), S&P 500 (-6.58%) and Dow Jones Industrial Average (-6.69%) fell sharply. The market-cap weighted Vanguard Real Estate ETF (VNQ) achieved a better return than the average REIT in May (+0.14% vs. -0.98%) and also pulled slightly ahead year to date (+17.35% vs. +17.22%). This ETF’s stronger