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.
|
| EUR | JPY | LOC | USD |
| 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:
|
| DIV | HCR | HOT | IND | OFF | OTH | RES | RET |
| 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
