- The REIT sector has achieved gains in every month of 2021 thus far, including a +1.77% average total return in May.
- Micro cap REITs (+12.2%) rebounded in May after a couple of rough months to significantly outperform their larger peers. Mid caps (-0.03%) narrowly failed to extend their gains.
- 58.24% of REIT securities had a positive total return in May.
- Hotels and Student Housing REITs led all property types in May, while Corrections and Health Care REITs suffered the largest declines.
- Upward revisions to NAV estimates were on average larger than share price increases in May, pushing the average NAV premium down to 2.31% and the median premium to 3.5%.
For further details see:
The State Of REITs: June 2021 Edition