The average real estate investment trust (REIT), using Vanguard Real Estate ETF as a proxy, was off by roughly 8% in pandemic-ravaged 2020. But that's a mix of the good and bad and doesn't actually tell you the whole story. That's why it is so interesting to see that highly focused Digital Realty Trust (NYSE: DLR) was up 16% in 2020, according to data from S&P Global Market Intelligence .
Meanwhile, more diversified REIT W.P. Carey (NYSE: WPC) and Brookfield Property Partners (NASDAQ: BPY) were down roughly 12% and 21%, respectively. Those very different performance numbers hint at an interesting story. It's worth taking a few moments to dig in here.
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Why Digital Realty Rose 16% in 2020, but W.P. Carey and Brookfield Property Fell Sharply