Asia Pacific Reits Recover From Loss In Preceding Month
Hotel and Retail were best-performing sectors in October
By Jeroen Vreeker, Index Analyst for Global Property Research
November 3, 2021 –
Asia Pacific REITs recovered from the loss recorded in the preceding month with the GPR/APREA Composite REIT Index advancing 1.8%. Asia Pacific REITs outperformed the regional equities in October. 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 | 2.0% | 4.1% | 1.4% | 1.8% |
Hotel (3.7%) and Retail (3.6%) were the best-performing sectors with none of them in negative territory:
| DIV | HCR | HOT | IND | OFF | OTH | RES | RET | |
| GPR/APREA Composite REIT Index | 0.3% | 1.4% | 3.7% | 1.4% | 1.2% | n/a | 1.5% | 3.6% |
No changes occurred in the composition, as a result of which the GPR/APREA Composite REIT Index continues to contain 178 Asia Pacific REITs with a combined free float market capitalisation of US$340.9 billion as at October 31, 2021. Thailand (7.5%), Australia (4.5%) and Singapore (1.3%) were the biggest contributors whereas Japan (-0.9%) and China (-1.1%) dragged on the overall regional performance. Please find below the performances in USD terms of the GPR/APREA Composite REIT Index and country sub-set indices:
