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Asia Pacific REITs Flat In February, Australia Up 5.6%

Asia Pacific REITs Flat in February, Australia Up 5.6%

The hotel and retail sectors – which were lagging in the early pandemic bouts – led the growth during the month 

By Jeroen Vreeker, Managing Director at Global Property Research

March 6, 2022 – Asia Pacific REITs registered a fractional 0.3% gain with Australia (5.6%), Singapore (3.0%) and China (0.4%) as biggest contributors to the aggregate win for the GPR/APREA Composite REIT Index in USD terms in February. 

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.

GPR/APREA Composite REIT Index0.2%0.3%-0.5%0.3%

Looking at the sector performances, the gains for Hotel (3.2%), Retail (2.8%), HealthCare (1.0%), Office (0.9%) and Diversified (0.2%) offset the losses for Residential (-0.9%) and Industrial (-2.4%):

GPR/APREA Composite REIT Index0.2%1.0%3.2%-2.4%0.9%n/a-0.9%2.8%

Please find below the performances in USD terms  of the GPR/APREA Composite REIT Index and country sub-set indices:

The comprehensive GPR/APREA Composite REIT Index currently covers 177 Asia Pacific REITs. Following the latest quarterly rebalancing of the GPR/APREA index series, which will take effect on 21 March 2022 start of trading, Newmark Property REIT (Australia), Newmark Property REIT (Australia), RAM Essential Services Property Fund (Australia), Daiwa House Logistics Trust ((classified to) Japan), Filinvest REIT Corp. (Philippines), MREIT Inc. (Philippines) and Digital Core REIT (Singapore) will be added to the GPR/APREA Composite REIT Index.