Another Quarterly Gain (5.4%) for Asia Pacific REITs

Asia Pacific REITs advanced 4.8% in USD terms in June and underperformed equities with the comparable MSCI AC Asia Pacific Index returning 5.4%. As a result, the GPR/APREA Composite REIT Index ended the second quarter 5.4% higher. This quarterly increase followed a 11.6% jump in Q1 2019.The table below shows the total return performances realised in the previous month for the various currencies available for the GPR/APREA Composite REIT Index.

The quarterly rebalancing to the GPR/APREA index series, typically taking effect after close of trading on the third Friday in June, had no specific impact. As at June 30, 2019, the comprehensive GPR/APREA Composite REIT Index continued to cover 164 Asia Pacific REITs.

All sectors posted gains in June 2019: Industrial (8.0%), HealthCare (6.4%), Diversified (4.9%), Office (4.1%), Retail (3.7%), Residential (2.5%) and Hotel (2.4%).

The GPR/APREA Composite REIT Index was supported as Thailand (16.5%), Singapore (9.0%), Australia (6.0%), Hong Kong (3.8%), Taiwan (3.8%), China (3.2%), Japan (2.3%) and Malaysia (2.0%) all advanced. Please find below the performances in USD terms of the GPR/APREA Composite REIT Index and country sub-set indices: