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.
| EUR | JPY | LOC | USD | |
| GPR/APREA Composite REIT Index | 2.7% | 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%):
| DIV | HCR | HOT | IND | OFF | OTH | RES | RET | |
| GPR/APREA Composite REIT Index | 2.2% | 5.6% | 0.1% | 8.0% | 0.7% | n/a | 5.2% | 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%).
| EUR | JPY | LOC | USD | |
| GPR/APREA Composite REIT Index | 17.4% | 21.7% | 16.8% | 9.1% |
| DIV | HCR | HOT | IND | OFF | OTH | RES | RET | |
| GPR/APREA Composite REIT Index | 6.4% | 16.9% | 2.0% | 15.5% | 7.1% | n/a | 9.0% | 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.