Asia Pacific REITs Rise Sixth Consecutive Month to Hit Record
Industrial REITs led the pack with 4.6% gains in July.
By Jeroen Vreeker, Index Analyst for Global Property Research
August 5, 2021 –
Asia Pacific REITs rose in July, with the GPR/APREA Composite REIT Index building on its rally to records. The benchmark, containing the broadest composition of regional REITs, climbed 0.6% to hit another closing record high of 868.59. This is the sixth consecutive month of positive total return performances in USD terms.
Asia Pacific REITs outperformed regional equities (-4.9%) last month. 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 | 0.6% | -0.5% | 0.8% | 0.6% |
Industrial was the best-performing sector with a 4.6% gain, with Retail (-2.0%) at the negative end of the spectrum. The Office sector was the second best-performing during the period, followed by Residential.
| DIV | HCR | HOT | IND | OFF | OTH | RES | RET | |
| GPR/APREA Composite REIT Index | -0.4% | 0.1% | -0.1% | 4.6% | 0.8% | n/a | 0.4% | -2.0% |
No changes occurred in the composition, as a result of which the GPR/APREA Composite REIT Index continues to contain 177 Asia Pacific REITs with a combined free-float market capitalisation of US$343 billion as of July 31, 2021.
The 5 best performing REITs during the period are:
Meanwhile, the 5 worst performing REITs are:
On country-based performances, Singapore (2.6%), Japan (1.9%) and Hong Kong (1.3%) rose while Thailand (-7.2%) fared worst. Please find below the performances in USD terms of the GPR/APREA Composite REIT Index and country sub-set indices:
