Following a volatile October, the 31 percent decline in REIT total returns so far in 2008 is in line with declines seen across the broader market, according to the National Association of Real Estate Investment Trusts (NAREIT).

Washington, D.C. (PRWEB) November 12, 2008 -- Following a volatile October, the 31 percent decline in REIT total returns so far in 2008 is in line with declines seen across the broader market, according to the National Association of Real Estate Investment Trusts (NAREIT).


The FTSE NAREIT All REIT Index is down 31.1 percent for the year, through Oct. 31. The FTSE NAREIT Equity REIT Index is down 30.5 percent for the year. By comparison, the NASDAQ Composite is down 35.1 percent, the S&P 500 is down 32.8 percent, the Dow Jones Industrials is down 29.7 percent, and the Russell 2000 is down 29.0 percent.

While the broader market has struggled all year, REITs had been trending upward since March through September. Brought down by the decline in the overall equity market, the FTSE NAREIT All REIT Index was down 30 percent in October.

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