News
National Capital Markets

REITs Gain 5% in July After Solid Q2 Earnings

REITs bounced back nicely in July after three straight months of declining returns. The FTSE/NAREIT All REIT Index gained 4.9% in July, buoyed by solid Q2 earnings reports that helped reaffirm fundamentals in the sector. REITs were lead by the self-storage sector, which rose 11.5% in July and has gained 15.7% for the year through July 31, REIT.com reports. “It’s clearly the best-performing subsector for numerous years now, and this year is no different,” observed Ki Bin Kim, analyst at Sun Trust Robinson Humphrey. Analysts indicated that the markets already have any potential rate hikes built in. Returns in both the apartment and industrial sectors posted solid returns for the month as well, rising 6.1% and 8.7%, respectively. [REIT]

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

Philly's Big-Box Warehouse Owners Subdivide Spaces After Developing 'The Wrong-Size Buildings'

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

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