REIT Performance
September was a pretty good month for the stock market, but particularly for the REIT sector, which continued its impressive 2019 performance with yet another positive monthly return (+4.5%). This brings the average equity REIT to a very strong return of 26.88% over the first nine months of 2019. The REIT sector outpaced the Nasdaq (+0.46%), S&P 500 (+1.72%) and Dow Jones Industrial Average (+1.94%) in September. The market cap weighted Vanguard Real Estate ETF (VNQ) badly underperformed the average REIT in September (+1.93% vs. +4.5%), but remains ahead year-to-date after