
In general, real estate investment trusts (REITs) are failing to beat the market as a whole so far this year.
The S&P 500 is off by 1.8% having dropped from 4,800 at the beginning of 2022 to its current level of 4,137. The benchmark Real Estate Select Sector SPDR Fund (NYSE:XLRE) is off by slightly more than that –14.21%. It began the year at $51 and now trades for $43.75.