By Jeroen Vreeker, Index Analyst for Global Property Research
Asia Pacific REITs make positive start to 2020, Rising 1.8%
Retail, Hotel sectors down but Diversified and Industrials gain
February 6, 2020 — A comparative analysis for the GPR/APREA Composite REIT Index showed that the regional REITs returned a 1.8% total return performance in USD terms in January 2020, outperforming the regional equities that contracted 2.8%. 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 Index||3.1%||1.5%||3.4%||1.8%|
Looking at the sector performances, Hotel (-5.4%) and Retail (-1.5%) recorded losses with gains ranging from 0.6% for Diversified to 6.5% for Industrial:
|GPR/APREA Composite REIT Index||0.6%||1.9%||-5.4%||6.5%||4.3%||n/a||1.3%||-1.5%|
The January 2020 returns showed losses for China (-4.5%), Hong Kong (-4.2%), Thailand (-1.9%) and Malaysia (-0.0%). The gains ranged from 0.0% for Taiwan to 3.9% for Japan.
The comprehensive GPR/APREA Composite REIT Index covered 170 Asia Pacific REITs with a combined free float market capitalisation of US$326.5 billion as at 31 January 2020. Following the merger of Ascendas Hospitality Trust with and into Ascott Residence Trust, the former company was removed from the index series. As a result, the GPR/APREA Composite REIT Index currently covers170 Asia Pacific REITs.
Please find below the performances in USD terms of the GPR/APREA Composite REIT Index and country sub-set indices:
USD-denominated data as per 31 January 2020