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.
|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%).
|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.