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REITs Take a Tumble After Jobs Report
The Bloomberg REIT index slid 2.8% today, the biggest fall since September 12. This morning's Labor Department jobs report helped explain the dip as the cheery news led to speculation that the Fed would raise interest rates by this June. After revising job gain numbers for November and December, the government report showed that 2014 was the best since 1999 for the labor market. Bloomgerg noted that healthcare and single-tenant properties suffered the most of REITs in its 166-company index, with 4.1% and 4.2% declines.
