Asia Pacific REITs Up 6.3% in Q2, Healthcare Up 9.8%
Healthcare and industrials showed strong performance; DDMP REIT (Philippines) added to index.
By Jeroen Vreeker, Index Analyst for Global Property Research
Asia Pacific REITs finished the second-quarter of 2021 with a 6.3% total return performance in USD terms, led by healthcare and industrials which gained 9.8% and 7.8% respectively.
In June, the GPR/APREA Composite REIT Index climbed 1.9% with an impressive 3% gain by industrial REITs.
The GPR/APREA Composite REIT Index outperformed regional equities both in June and for the second quarter. The region’s equity market posted a loss of 0.3% last month and a gain 2.7% in the second quarter.
The table below shows the total return performances realised in the previous month and in the second quarter for the various currencies available for the GPR/APREA Composite REIT Index.
Taking a sector perspective, the June 2021 wins ranged from 0.8% for Office to 3.0% for Industrial:
The total return performances realised in the second quarter for the various sectors available for the GPR/APREA Composite REIT Index are representative of the positive momentum.
The comprehensive GPR/APREA Composite REIT Index covered 177 Asia Pacific REITs with a combined free float market capitalisation of US$341.1 billion as at June 30, 2021, and as such, having grown further from US$322.2 billion in three months’ time. Following the latest quarterly rebalancing of the GPR/APREA index series, Brookfield India Real Estate Trust (IND) and DDMP REIT Inc. (Philippines) were added to the GPR/APREA Composite REIT Index.