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REITs mostly unchanged in flat November market.

Equity REITs were largely unchanged in November mirroring the broader market.

The FTSE NAREIT All REITs Index, the broadest benchmark of the stock exchange-traded U.S. REIT industry containing both Equity and Mortgage REITs, fell 0.26 percent in November.

The FTSE NAREIT All Equity REITs Index fell 0.17 percent for the month, and the FTSE NAREIT Mortgage REITs Index gained 0.92 percent.

The S&P 500 gained 0.30 percent in November and the S&P Composite 1500, which, like the REIT market, includes large-, mid- and small-cap stocks, was up 0.45 percent.

For the year through November, the total return of the FTSE NAREIT All REITs Index was up 1.08 percent, and the FTSE NAREIT All Equity REITs Index was up 1.50 percent on a total return basis, while the FTSE NAREIT Mortgage REITs Index was down 7.21 percent. The total return of the S&P 500 was 3.01 percent for the year through November and the S&P Composite 1500 was up 2.95 percent.

At the end of November, the FTSE NAREIT All REITs Index included 225 REITs with a combined equity market capitalization of $935 billion.

The FTSE EPRA/NAREIT Global Real Estate Index total return was down 2.10 percent (based in U.S. dollars) in November, and the index delivered a dividend yield of 3.57 percent at month-end.

For the year through November, the FTSE EPRA/NAREIT Global Real Estate Index fell 1.44 percent. The global index includes 482 companies from around the world with a combined equity market capitalization of $1.4 trillion, nearly three-quarters of which is from REITs. The FTSE EPRA/NAREIT Europe Index continued to deliver the best performance of any region this year, with a total return of 6.94 percent for the year through November.

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Title Annotation:MARKETS
Comment:REITs mostly unchanged in flat November market.(MARKETS)
Publication:Real Estate Weekly
Date:Dec 9, 2015
Words:307
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