The State Of REITs: November 2025 Edition

REIT Performance The REIT sector had a rough month in October with a -4.03% negative return. This brings the year-to-date return to -4.69% for the average REIT. The average REIT severely underperformed the broader market which saw strong gains from the NASDAQ (+4.7%), Dow Jones Industrial Average (+2.6%) and S&P 500 (+2.3%). The market cap weighted Vanguard Real Estate ETF (VNQ) saw a more modestly negative return than the average REIT in October (-2.45% vs. -4.03%) and has tremendously outperformed year-to ...