What was the top-performing REIT sector in 2019?
Industrial REITs, including warehouses, distribution centers, and manufacturing facilities, delivered a nearly 49% total return, driven mostly by the continued growth of e-commerce.
Leading the way was an industrial REIT that specializes in owning and acquiring medical-use cannabis facilities that it then leases back to licensed growers under long-term, triple-net leases.
The worst-performing REIT sector was, no surprise, retail which averaged a 10.7% total return. Regional malls produced a negative total return of 9.1%, while shopping centers and free-standing retail locations delivered total returns of around 25%.