REITs Stumble In March But End Q1 In The Black

Financial Markets, Bonds, Stock Market

Real estate investment trusts' performance softened in March, falling 1.4% for the month, though overall REIT performance ended the quarter in the black.

The All REITs Index ended Q1 up 3% despite a struggling retail sector and March headwinds.

Infrastructure was the top-performing REIT sector in March, ending the month up 3.5%, and data centers trailed behind with 2.5% growth over the period, according to NAREIT research, Trepp reports. Conversely, the retail sector plummeted 5.7% last month and shopping centers and regional malls were both down more than 6%.

As for Q1, the big winners included infrastructure, timber, single-family homes and speciality REITs, each of which ended the quarter up more than 12%, handily beating the S&P 500’s 6.1% Q1 return.

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