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.
| EUR | JPY | LOC | USD | |
| 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%.
| DIV | HCR | HOT | IND | OFF | OTH | RES | RET | |
| GPR/APREA Composite REIT Index | 1.3% | 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:
