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Asia Pacific REITs Post Gains For The Fourth Consecutive Month, Advancing 0.7% In May

Healthcare registered robust gains while hotel and residential slumped

By Jeroen Vreeker, Index Analyst for Global Property Research

June 3, 2021 – Asia Pacific REITs kept their upward momentum. The GPR/APREA Composite REIT Index ended May 2021 0.7% higher and recorded their fourth consecutive month of positive total return performances in USD terms. 

However, the region’s REITs were not able to outperform regional equities (1.5%). 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 Index-0.9%0.8%0.5%0.7%

Looking at sector performances, it was a mixed bag with HealthCare up 3.2% and Residential falling 0.5%.


DIVHCRHOTINDOFFOTHRESRET
GPR/APREA Composite REIT Index1.3%3.2%-0.2%0.8%-0.3%n/a-0.5%0.6%

No changes occurred in the composition, as a result of which the GPR/APREA Composite REIT Index continues to comprise 175 Asia Pacific REITs with a combined free float market capitalisation of US$35.5 billion as at May 31, 2021. 

The winners in May were Hong Kong (3.6%), China (2.0%), Australia (1.9%), Japan (0.6%) and Thailand (0.5%). Please find below the performances in USD terms of the GPR/APREA Composite REIT Index and country sub-set indices: