Since the beginning of the year, it seems that most REIT ETFs have dropped around 5% (e.g., IYR) while stocks have done really well.
Were there any market/economic/political events recently that caused the price of REITs to go down?
Given that 5% is a significant drop, there should be some rational and objective explanation for it. I tried Googling for news about REITs, but you just get a bunch of sites with no useful content.
For a particular example, let's use IYR which is traded in the US.