Читать книгу The Intelligent REIT Investor Guide - Brad Thomas - Страница 13

Although equity REITs’ long‐term performance varies depending on the exact timeline used, they typically relate very well with those of broader stock indices such as the S&P 500. Data provided by the National Association of Real Estate Investment Trusts (Nareit) shown in Figure 1.1 show that, during the 40‐year period through June 2020, REITs delivered an average annual total return of 11.38%. This compares closely with other indices’ returns during the same period.

Figure 1.1

Source: Nareit website.

Admittedly, that makes them sound indistinguishable. So here's the difference: REITs enjoy largely unique benefits that include merely modest correlation with other asset classes, less market price volatility, more limited investment risk, and higher current returns – each of which we'll look at next.