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Data centers and office sector lifts REIT index higher

Economic uncertainty should not cause companies to abandon Sustainability Transformation

By: Deepa SarvaiyaSA News Editor

  • REITs centric index, FTSE Nareit All Equity REIT index and Real Estate Select Sector SPDR ETF (NYSEARCA:XLRE) outpaced SP500 index gaining 1.79% and 1.97% respectively during shortened holiday week against SP500 gain of 1.53%. REITs bounced back this week after falling 1.7% in the previous week.
  • Out of 12 components, data centers and office reits generated highest returns delivering 3.00% and 2.87% respectively, while diversified and self-storage reits just gained 0.35% and 0.47% respectively. Data centers constituents Equinix (EQIX) is up 4.2% and Digital Relaty Trust (DLR) is up 0.7% over the week.
  • FTSE Nareit All Equity REIT index has been under pressure in 2022 delivering YTD negative return of 24% against SP500 loss of 15.5%. Office REITs continue to be the biggest dragger, falling 35.4% over the year.

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Energy has surged by an incredible 68% YTD vs a 17% loss for the S&P 500.

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