- REITs extended their 2021 winning streak yet again with a +6.2% average total return in April.
- Large cap REITs (+8.78%) outperformed again in April, while micro caps (-0.70%) declined for the second month in a row.
- Eighty-nine percent of REIT securities had a positive total return in April.
- Timber and Land REITs led all property types in April while Corrections and Infrastructure REITs saw the weakest performance.
- After trading at an often substantial discount to NAV for most of the past year, REITs have now risen to an average NAV premium of 4.37% and a median premium of 7.08%.
For further details see:
The State Of REITs: May 2021 Edition