News
National Capital Markets

Real Estate Investment Trusts Lose Ground In September

Stock Market, Bullish Bearish markets
Photo credit: Pixabay

REITs hit a wall last month as investors showed concern regarding a potential interest rate hike, property valuations and coming supply.

While the S&P 500 index increased by 0.02% in September, the FTSE/NAREIT All REIT index fell 1.4% for the month. Total returns of the FTSE/NAREIT index for the year ending Sept. 30 was 12.6%, while the S&P 500 posted 7.8% in total returns, NAREIT reports.

“[Property] valuations are probably on the higher end of where they’ve been historically, but I don’t think they are unrealistic or wildly high,” SunTrust Robinson Humphy director of REIT equity research Michael Lewis said. Robinson said long-term rate hikes—which impact REITs far more than short-term rates—are not likely to move much. [NAREIT]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Equinix Ramps Up Spending Plans Amid Faster-Than-Expected AI Shift