REIT Performance
After suffering increasingly painful losses over each of the first 3 months of 2020, the average REIT began to rebound in April with a total return of 10.85%. Even after this double-digit recovery, the average REIT has still suffered a brutal loss of -27.61% over the first third of 2020. The REIT sector again underperformed the NASDAQ (+15.45%), S&P 500 (+12.68%) and Dow Jones Industrial Average (+11.08%) in April. The market cap weighted Vanguard Real Estate ETF (VNQ) underperformed the average REIT in April (+8.96% vs. 10.85%), but has suffered much