Asia Pacific REITs Edge 0.3% Lower In January
Hotel, retail, industrials contracted while healthcare showed gains
By Jeroen Vreeker, Global Property Research
February 3, 2021- Asia Pacific REITs declined in the opening month of 2021 with a marginal 0.3% loss. As measured by the GPR/APREA Composite REIT Index in USD terms, declines were seen across retail, hotel and industrial sectors.
In contrast, healthcare performed the best during the month, expanding by 2.6% in January.
By country, Taiwan (0.8%), Singapore (1.5%) and Japan (2.4%) were outliers in January while Thailand (-5.0), Malaysia (-4.2%) and Australia (-4.1%) were among the worst performing during the month.
Please find below the performances in USD terms of the GPR/APREA Composite REIT Index and country sub-set indices:
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.
