Self storage, residential drive REIT is back higher this week

a Manhattan office building from below

honest journalist

Self-storage and residential REITs led REIT returns this week, with the FTSE Nareit All Equity REITs Index up 1.60% on a weekly basis.

The self-storage sub-sector gained 3.43% in value, while the residential sub-sector gained 3.12% W/W.

Office REITs are up 2.93% from last week.

Diversified REITs, by comparison, lagged behind, losing 0.48% of their value since last week.

Mortgage REITs gained 2.88% in value, while the broader real estate sector rose 1.51%.

Comparatively, the S&P 500 index rose by 1.62% compared to last week.

Here’s a look at the sub-sector returns:

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