The FTSE NAREIT All Equity REIT index returned 2.9% in the second quarter, up from -4.06% a year ago, according to a report from the National Association of Real Estate Investment Trusts.
In the first quarter, the index returned 7.5%, down from 10.02% in the first quarter of 2010.
For the year ended June 30, the index returned 32.86%, down from 55.98% for the year ended June 30, 2010.
The FTSE NAREIT All REITs index includes mortgage and equity REITs.
In the first half of 2011, publicly traded REITs raised $36.02 billion in 108 secondary equity and debt offerings and five IPOs. In all of 2010, REITs raised $47.45 billion in 164 secondary and debt offerings and nine IPOs.