The Zhitong Finance App learned that the REIT-centered index — FTSE NaReit All Equity REIT Index and the Real Estate Choice Industry SPDR ETF (XLRE.US) rose 1.79% and 1.97% respectively during the shorter Thanksgiving holiday week, outperforming the US stock market — the S&P 500 Index. The S&P 500 Index ETF (SPY.US) only rose 1.59% last week. Real estate investment trusts (REITs) achieved a sharp rebound last week after falling 1.7% the previous week.

According to information, among the 12 components of REITs in the US stock market, data center and office REITs have the highest returns, at 3.00% and 2.87%, respectively, while diversified and self-service storage REITs have returns of 0.35% and 0.47%, respectively. Data center component REITs — Equinix (EQIX.US) — rose 4.2% last week, while data center real estate trusts (DLR.US) rose 0.7% last week.

However, after the Fed began a cycle of interest rate hikes, the FTSE Nareit All Equity REIT Index has been under significant pressure in 2022, with a negative return rate of about 24% so far this year. Meanwhile, the US stock market, the S&P 500 index, fell by about 15.5% during the same period. Office real estate REITs continue to be the biggest negative factor, falling by about 35% for the whole year.