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Investing March 2, 2004
REIT February Performance Slows
March 2, 2004 (PLANSPONSOR.com) - Real Estate
Investment Trusts (REIT) slowed a bit in February, as the
NAREIT Composite turned in a 2.19% increase over the month -
well below January's 4.3% hike.
Reported by Fred Schneyer
Strongest among the NAREIT Composite’s components was the Mortgage REIT Index that was up 7.24% for the month, followed by a 5.65% for the Hybrid REIT index. The Real Estate 50 Index mirrored the composite with a 2.19% hike, while the Equity REIT Index turned in a 1.75% showing for February, according to data provided by the National Association of Real Estate Investment Trusts (NAREIT).
January’s performance (See REITs Continue Rise in January ) followed a 3.43% December increase.
By comparison in the broader markets, the S&P 500 ended the month up 1.39%, the Dow Jones Industrial Average finished with a 0.91% showing while the NASDAQ composite finished down 1.76%.