Self-storage real estate investment trusts (REITs) continue to lead the U.S. REIT market, according to new statistics released this week by the National Association of Real Estate Investment Trusts (NAREIT). The self-storage sector topped other REIT market sectors in the first seven months of 2011, posting a 19.54 percent gain.
U.S. REIT total returns were more than double those of the broader equity market in the first seven months of 2011, and significantly outperformed the market in July. All but one of the major REIT market sectors achieved gains for the first seven months of the year, and most sectors delivered double-digit returns.
The total return of the FTSE NAREIT All Equity REITs Index gained 11.79 percent and the FTSE NAREIT All REITs Index was up 10.36 percent for the first seven months of 2011, compared to 3.87 percent for the S&P 500.
FTSE is an independent company jointly owned by The Financial Times and the London Stock Exchange. The Index Series presents investors with a comprehensive family of real estate investment trust performance indexes spanning the commercial real estate space across the U.S. economy, offering exposure to all investment and property sectors.
On a 12-month basis ending July 31, the FTSE NAREIT All Equity REITs Index was up 23.72 percent, and the FTSE NAREIT All REITs Index was up 22.37 percent, while the S&P 500 was up 19.65 percent.