REITs Punished Along with Rest of Market

10/11/18

Often a recipient of buying when the major averages head south, the REIT sector fell even further than the broader markets today.

The S&P 500 fell 2.1%. The iShares U.S. Real Estate ETF (IYR -2.7%) and the Vanguard Real Estate ETF (VNQ -2.8%).

Selected equity REITs: Realty Income (O -2.4%), Healthcare Trust of America (HTA -4.3%), Senior Housing Properties (SNH -2.9%), CBL (CBL-3.9%), Macerich (MAC -2.6%), Stag Industrial (STAG -3.6%), Vornado (VNO -3.8%), Hospitality Properties (HPT -3.2%), Public Storage (PSA-1.5%), Preferred Apartment (APTS -3.1%)

Mortgage REITs (REM -1.6%) weren't spared either: Annaly (NLY -2.2%), AGNC Investment (AGNC -1.4%), Two Harbors (TWO -1.7%), Armour (ARR-1.7%)

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