July was another solid month for REITs, says Brad Case, NAREIT's senior vice president of research and industry information. Equity REITs gained more than 1% and the broader REIT industry was up 0.4%. The broader stock market, meanwhile, posted a 2% decline. "Investors need to keep in mind that even during a bull market, not every month is going to be a positive one," Case said. "But certainly July was another positive month for REITs."