Asia Pacific REITs Returned Sixth Consecutive Monthly Gain In October 2019

by Jeroen Vreeker, Global Property Research

Asia Pacific REITs Returned Sixth Consecutive Monthly Gain In October 2019

At the sector level, all were up in October 2019.

Asia Pacific REITs posted their sixth consecutive monthly gain in USD terms. As at 31 October 2019, REITs in the region advanced 2.7%. However, they still underperformed equities with the comparable MSCI AC Asia Pacific Index up 4.4%. With no additions and deletions throughout the month, the GPR/APREA Composite REIT Index continued to cover 167 Asia Pacific REITs as at 31 October 2019. 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.

At the sector level, Residential (4.3%), Diversified (3.4%) Hotel (3.4%), Industrial (3.0%), HealthCare (2.6%), Retail (2.1%) and Office (2.0%) were all up in October 2019.

Most countries contributed to the October 2019 gain for the GPR/APREA Composite REIT Index. The best performers were Taiwan (6.6%), Australia (3.5%) and Japan (3.3%). The exceptions to the growth trend are Thailand (-1.4%) and Malaysia (-4.7%). Below are the performances in USD terms of the GPR/APREA Composite REIT Index and country sub-set indices: