According to BTIG, "Last week served as another reminder that, at the moment, rates still dominate the conversation around REITs and performance. Geopolitical tensions led to a flight to safety and a decline in long-term yields of 16 bps on the week."
The move, and the concern of markets to find safety, led to the REIT sector outperforming both the S&P 500 and the Russell 2000 — meaning large-cap and small-cap companies, or the market as a whole.
According to the BTIG data, the best-performing subsectors on one-week price returns were health care at 3.9% and malls at 2.5%. Next were single-family rentals (2.1%), strip centers (2.0%), office (1.8%), apartments (1.3%) and free-standing (1.0%).
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