US REIT Underperform Broader Market in Q1: S&P
April 28, 2023 – Returns for US equity real estate investment trust stocks underperformed the broader market in the first quarter, according to a S&P report.
The Dow Jones Equity All REIT Index closed the quarter with a total return of 1.8%, 5.7 percentage points lower than the S&P 500’s strong 7.5% return, according to S&P Global Market Intelligence data.
On a 1-year basis, the Dow Jones Equity All REIT Index was down significantly with a return of negative 19.3%. The S&P 500 was also in the red with a return of negative 7.7%.