General Investment Characteristics
Performance and Returns
Although the long-term performance of equity REITs varies with the measurement period used, they have, during most time horizons, compared quite well with that of broader stock indices such as the S&P 500 index. For example, according to data provided by the National Association of Real Estate Investment Trusts (NAREIT), shown in Figure 1.1, during the 35-year period ending December 31, 2010, equity REITs delivered an average annual total return of 14.0 percent. This compares quite well with the returns from various other indices during the same time period.
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