The performance was further amplified by the second quarter’s 7.34% gain that saw only one month – August – in the red (-0.03%). However, this was not enough to slow the momentum built up by July’s 4.78% gain and September’s 2.48% increase, according to data provided by the National Association of Real Estate Investment Trusts (NAREIT).
By comparison, the US Treasury 10-Year Note increased 11.90% during the second quarter and is now up 3.40% year-to-date. Other indices – The Dow Jones Industrial, S&P 500 and NASDAQ Composite – were also up over the three month period – 3.22%, 2.65% and 10.11%, respectively.
Further, theNAREIT Composite Index – which measures the performance of allpublicly traded REITs – continued to march along in October, gaining 1.74% to bring its return since the beginning of the year up to 21.22%. Further, October’s return bested the 10-Year Note’s 0.39% return for the month.