Brad Case, NAREIT’s senior vice president for research and industry information, said August was a "tough month" for REIT investors.

The FTSE/NAREIT All REIT Index total returns for the month dropped 6.2%, trailing the broader market, with the S&P 500 down 2.9%.

Equity REITs were down approximately 7% for the month; mortgage REITs fell roughly 3.5%.

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