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Asia Pacific REITs Finish 9.1% Higher In 2021, Supported By 3.8% Gain In December

Industrial recorded the largest gain last month followed by healthcare and residential.

By Jeroen Vreeker, Index Analyst for Global Property Research

January 6, 2021 – A comparative analysis for the GPR/APREA Composite REIT Index showed that Asia Pacific REITs added 3.8% in USD terms in December 2021, making the 2021 calendar year total return performance at 9.1%. 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.


EURJPYLOCUSD
GPR/APREA Composite REIT Index2.7%5.3%3.3%3.8%

Looking at the sector performances for December 2021, Industrial (8.0%) recorded the largest gain followed by HealthCare (5.6%) and Residential (5.2%):


DIVHCRHOTINDOFFOTHRESRET
GPR/APREA Composite REIT Index2.2%5.6%0.1%8.0%0.7%n/a5.2%3.1%

The December 2021 total return performance was broadly positive with gains ranging from 0.3% for Taiwan to 7.3% for Australia, the exceptions being Hong Kong (-0.2%) and Thailand (-0.9%). Please find below the performances in USD terms of the GPR/APREA Composite REIT Index and country sub-set indices:

Looking at annual performances, the table below shows the total return performances realised throughout 2021 for the various currencies as well as USD-denominated sector performances available for the GPR/APREA Composite REIT Index. The January-December period saw the regional REITs outperforming general equities (9.1% versus -1.2%).


EURJPYLOCUSD
GPR/APREA Composite REIT Index17.4%21.7%16.8%9.1%

DIVHCRHOTINDOFFOTHRESRET
GPR/APREA Composite REIT Index6.4%16.9%2.0%15.5%7.1%n/a9.0%4.5%

The comprehensive GPR/APREA Composite REIT Index covered 178 Asia Pacific REITs with a combined free float market capitalisation of US$341.4 billion as at December 31, 2021. Following the latest quarterly rebalancing of the GPR/APREA index series, two additional REITs (HealthCo Healthcare and Wellness REIT (AUS) and Korea Real Estate Investment & Trust Co., Ltd (KOR)) entered while ALE Property Group (AUS) got removed following the closing of the acquisition by a Charter Hall Group managed consortium comprising Charter Hall Long WALE REIT (AUS) and Hostplus.