AsiaPac REITs Extend Monthly Decline In Oct, Hotel Up, Industrials Down
Diversified and hotel REITs climbed while office, industrials and retail fell.
By Jeroen Vreeker, Managing Director at Global Property Research
Nov 4, 2022 – The GPR/APREA Composite REIT Index fell marginally (-0.2%) in October 2022, extending its decline by another month. At the country level, Australia was the only one in positive territory while Singapore, China and Hong Kong slumped.
Still, Asia Pacific REITs outperformed regional equities that lost 1.9%. 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 | -1.1% | 2.4% | 0.8% | -0.2% |
Looking at sector performances, most sectors finished the month negatively whereas Diversified (0.3%) and Hotel (1.1%) edged higher:
| DIV | HCR | HOT | IND | OFF | OTH | RES | RET | |
| GPR/APREA Composite REIT Index | 0.3% | -1.5% | 1.1% | -1.2% | -0.6% | n/a | -1.1% | -0.2% |
The best-performing REITs were in Australia: Arena REIT (AUS: 17.4%), National Storage REIT (AUS; 16.4%), Centuria Industrial REIT (AUS; 16.4%), Shopping Centres Australasia Property Group (AUS; 15.1%) and Waypoint REIT Limited (AUS; 14.6%).
The worst performances came from ESR Kendall Square REIT (KOR; -29.1%), Digital Core REIT (SGP; -28.6%), LOTTE REIT (KOR; -26.4%), Yuexiu REIT (CHN; -20.6%), and Regal REIT (HKG; -17.8%).
