I agree with ngcpa’s comments. You really cannot evaluate the potential long-term investment prospects for any REIT based on only one month’s performance, whether it’s normal or abnormal circumstances. I especially look at how a REIT performed during the Great Recession’s bear market of 2008 to March 9, 2009, and what changes were made in debt ratios and the like subsequent to that bear market. Many learned valuable lessons from that period and greatly altered their debt and liquidity practices, much like the banks were required to do.
In the REIT space, I own non-mall retail such as BRX, KIM, NNN, O, ROIC, SRC, STOR, and WPC.
I also own one storage REIT, CUBE; and two logistic/industrial REITs, GOOD and STAG.
I own one hospital REIT, MPW. And just two office REITs: ARE which is a life sciences office REIT with very long lease terms for its pharmaceutical tenants, and a very risky Manhattan office REIT, SLG.
Finally, I own just one mortgage REIT, ABR, which was badly wounded in the Great Recession but seems to have learned the lessons of that era. Its CEO, Ivan Kaufman and his team, are executing well with their multi-family housing emphasis and most of their lending is short-term.
That said, I invested in most of those REITs more than 5 years ago, some over ten years ago, so I got in at much lower prices than today’s prices.
None of my holdings should be considered recommendations and you must do your own research and due diligence if you should consider any REIT for an investment.
If you want another resource for your research, The Motley Fool has a REIT premium service for $299. annually, called Real Estate Winners. They make specific REIT recommendations and provide follow-up for as long as a REIT remains one of their recommendations. So, theoretically, you are never alone with their recommendations.