No shelter from the storm

Homebuilders and shopping center operators underperformed the broader stock market in 2018, while some apartments and industrial real estate companies fared above average. Here are total returns, which factor in the reinvestment of dividends, for a sampling of real estate stocks in 2018. The S&P 500 fell by 6.2 percent in 2018 and posted a total return of 4.4 percent during the period.