REIT returns outpaced gains in broader markets for the second straight week on the back of strong quarterly earnings from major names.
FTSE Nareit All Equity REITs rose 1.04% from last week, while the mortgage REITs index increased by 1.56%.
Comparatively, S&P 500 was up by a mere 0.87%.
The broader real estate index was up by 1.53% on a weekly basis.
REIT returns benefitted from major names posting positive quarterly earnings.
This comes as major indices gain as a result of solid results from major technology names and favorable inflation data.
The segment rose by 3.69% from last week.
Data centers and residential followed, but timber REITs were major laggards. The subsector fell by 3.43% on a weekly basis.
Here is a look at the subsector performance: