by Jeroen
Asia Pacific REITs up 1.8% in August 2019
With no additions nor deletions throughout the month, the GPR/APREA Composite REIT Index continued to cover 164 Asia Pacific REITs as at 31 August 2019. Asia Pacific REITs ended the month 1.8% higher in USD terms and again showed outperformance versus equities. Asia Pacific equities ended the month 3.1% down based on the MSCI AC Asia Pacific Index. 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 | 2.9% | -0.5% | 1.8% | 1.8% |
At the sector level, Industrial (4.9%), Residential (4.1%), Diversified (3.5%) and Office (2.6%) contributed to the overall total return performance for August 2019. Retail (-0.1), HealthCare (-2.0%) and Hotel (-2.1%) contracted.
|
| DIV | HCR | HOT | IND | OFF | OTH | RES | RET |
| GPR/APREA Composite REIT Index | 3.5% | -2.0% | -2.1% | 4.9% | 2.6% | n/a | 4.1% | -0.1% |
The aggregate gain for the GPR/APREA Composite REIT Index was attributable to the returns in Thailand (10.3%), Japan (6.2%), Malaysia (2.2%) and Singapore (0.3%). Losses were seen in Australia (-1.3%), Taiwan (-1.5%), China (-3.7%) while Hong Kong (-9.1%) continued to be impacted by the anti-extradition bill protests. Please find below the performances in USD terms of the GPR/APREA Composite REIT Index and country sub-set indices:
USD-denominated data as per 31 August 2019
