Lodging leads way as REITs rise again

REITs increased again last week with the FTSE Nareit All Equity REITs Index posting its seventh gain out of the past eight weeks. Several property sectors had outsized gains last week. Lodging/resort REITs were up 7.8%, bringing their year-to-date returns to 13.3%. Timber REITs rose 4.3%, specialty REITs were up 3.2%, and retail REITs increased 2.6%.