Asia Pacific REITs Recorded a 4.8% Decline in April
Negative performances were seen across all sectors during the month
By Jeroen Vreeker, Managing Director at Global Property Research
May 5, 2022 – The unit prices of Asia Pacific REITs fell in April, with the GPR/APREA Composite REIT Index recording a 4.8% loss in USD terms. China fell 5%, and Japan was down 7.4%. Their poor performances negatively impacted the regional average.
Still, the GPR/APREA Composite REIT Index outperformed Asia Pacific equities, which fell 6.4%.
The table below shows the total return performances for the GPR/APREA Composite REIT Index realised in the previous month and the first quarter for the various currencies.
EUR | JPY | LOC | USD | |
GPR/APREA Composite REIT Index | 0.4% | 1.6% | -0.1% | -4.8% |
The table below shows the total return performances for the various sectors recorded in April 2022. Among the worst-performing sectors were Office (-5.9%), Diversified (-5.9%) and Residential (-6.0%).
DIV | HCR | HOT | IND | OFF | OTH | RES | RET | |
GPR/APREA Composite REIT Index | -5.9% | -4.4% | -0.8% | -5.6% | -5.9% | n/a | -6.0% | -3.0% |
The comprehensive GPR/APREA Composite REIT Index covered 182 Asia Pacific REITs with a combined free-float market capitalisation of US$313.5 billion as of April 29, 2022. Following the merger of ARA LOGOS Logistics Trust (Singapore) with ESR-REIT (Singapore), ARA LOGOS was removed from the GPR/APREA Composite REIT Index from April 22, 2022.
