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.
| EUR | JPY | LOC | USD | |
| GPR/APREA Composite REIT Index | 3.3% | 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%):
| DIV | HCR | HOT | IND | OFF | OTH | RES | RET | |
| GPR/APREA Composite REIT Index | 3.7% | 4.1% | 7.8% | 6.1% | 2.4% | n/a | 1.4% | 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:
