2021 Multifamily REIT Returns

As of October, the heath care sector had the lowest one-year total return at 26.8 percent.

US Equity REITs One Year Total Return by Sector (%)

Data as of October 1, 2021

Source: S&P Global Market Intelligence

As of Oct. 1, publicly traded U.S. equity REITs posted a 30.7 percent one-year total return.

The multifamily REIT sector in the Dow Jones U.S. real estate apartments topped the chart with a 54.1 percent total return, beating the broader Dow Jones equity all REIT  by 23.3 percentage points. The Dow Jones U.S. real estate Self Storage followed next and posted a one-year total return of 49.2 percent.

On the other end of the scale, the Health Care sector as shown by the Dow Jones U.S. real estate Health Care index had the lowest one-year total return of 26.8 percent. The Dow Jones U.S. real estate manufactured Homes index had the second lowest among the sectors, with a 29.8 percent one-year total return.

Among the multifamily-focused REITs, Independence Realty Trust Inc.  delivered the highest one-year total return of approximately 81.0 percent. This was followed by Bluerock Residential Growth REIT Inc. and BRT Apartments Corp. at 73.5 percent and 67.1 percent one-year total returns, respectively. Apartment Income REIT Corp. posted a 34.8 percent total return for the one-year timeframe–the lowest among the multifamily REITs.

Winzen Matamorosa is an associate in the real estate client operations department of S&P Global Market Intelligence.

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—Posted on Oct. 26, 2021

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