Best-Performing REITs In April

Published on 3 May 2024 on Benzinga via Yahoo Finance

Best-Performing REITs In April

Real estate investment trusts (REITs) had a difficult April, with only about 25% of them finishing in positive territory. The Vanguard Real Estate Index Fund ETF (NYSE:VNQ), which includes REITs as well as other real estate-related stocks, was down 6.37%. However, many REITs were notably stronger than the overall index.

Weighing down REITs in April was the Federal Reserve's tougher stance on interest rates remaining higher for longer. Chairman Jerome Powell's April 16 speech set the tone when he talked about the Fed's 2% inflation goal.

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Best-Performing REITs In April

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