REIT AsiaPac

Sign up for our newsletter

Asia Pacific REITs record best start since 2019

Asia Pacific REITs record best start since 2019

Hotels, industrials were best-performing sectors.

By Jeroen Vreeker, Managing Director at Global Property Research

Feb 3, 2023 – Asia Pacific REITs added 5.1% in January 2023, with the GPR/APREA Composite REIT Index recording its best start to a calendar year since 2019. The table below shows the total return performances realised in the previous month for the various currencies available.

GPR/APREA Composite REIT Index3.3%3.6%2.9%5.1%

Looking at sector performances, the losses were in line with the positive momentum and ranged from Residential (1.4%) to Hotel (7.8%):

GPR/APREA Composite REIT Index3.7%4.1%7.8%6.1%2.4%n/a1.4%5.8%

The relevant countries contributed positively to the regional benchmark’s total return performance with the exception of Japan (-1.8%). China (14.3%), Thailand (13.2%) and Australia (11.1%) posted double-digit wins. 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 2023