REIT AsiaPac

Sign up for our newsletter

Asia Pacific REITs Up in November on vaccine hopes; Australia, HK and Thailand among best performers.

Asia Pacific REITs Up in November on vaccine hopes; Australia, HK and Thailand among best performers.

Retail REITs gained 18% in the month with industrials up just 1.4%

Asia Pacific REITs, as represented by the GPR/APREA Composite REIT Index, ended up 9.7% higher in November 2020 on reports of successful vaccine trials and hopes that many or most parts of the economy will return to pre-Covid 9 pandemic conditions in the coming months. 

The GPR/APREA Composite REIT Index moved in line with regional equities that were 10.2% up. 

The table below shows the total return performances realized in the previous month for the various currencies available for the GPR/APREA Composite REIT.

The GPR/APREA Composite REIT Index covered 164 Asia Pacific REITs with a combined free float market capitalization of US$294.5 billion as at November 30, 2020.

Looking at the sector performances, Retail – which was beaten up throughout the 2020 calendar year – was 18.1% up while the wins for other sectors ranged from 1.4% for Industrial to 11.3% for Diversified.

In terms of countries, Australia was up 19.4%, Hong Kong rose 14.9% and Thailand gained 14.1% in November 2020. Other country index series were up as well, with the positive total return performances ranging from 2.1% for Taiwan to 9.9% for Singapore.

Global Property Research

Jeroen Vreeker

T: +31 (20) 348.84.51

E: j.vreeker@gpr.nl

W: www.globalpropertyresearch.com

L: linkedin.com/in/jeroenvreeker