REITs Struggle To Keep Up With The Market, But Private Real Estate Continues To Show Promise
As 2023 unfolds, Real Estate Investment Trusts (REITs) are facing a challenging landscape, underperforming when compared to the overall stock market. The Real Estate Select Sector SPDR Fund, which is considered to be the benchmark ETF for the REIT sector, has dipped by 11.16% from its year-to-date (YTD) high, while the S&P 500 is sitting only about 1.2% below its high for the year.
