REIT AsiaPac

Sign up for our newsletter

Australian real estate

Australia REITs Dragged Down GPR/APREA Composite REIT Index (April market analysis)

Market Update for April 2019

Australia REITs Drag Down GPR/APREA Composite REIT Index for April

By Jeroen Vreeker, Index Analyst, Global Property Research


The GPR/APREA Composite REIT Index covered 164 Asia Pacific REITs as at 30 April 2019 because Strategic Hospitality Extendable Freehold and Leasehold REIT (Thailand) no longer met the index eligibility criteria due to insufficient free float market capitalisation size.

Asia Pacific REITs contracted 1.6% in USD terms and underperformed equities, with the comparable MSCI AC Asia Pacific Index adding 1.6%. 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 sector level, Industrial (0.4%) was the only positive exception to the negative momentum in April 2019. Losses for other sectors ranged from -0.3% for Hotel to -2.7% for Office.




The loss for the GPR/APREA Composite REIT Index was predominantly impacted by the contractions in Australia (-3.4%), Hong Kong (-1.4%), Japan (-1.3%), China (-0.9%), and Malaysia (-0.1%). Nevertheless, some country carve-outs did advance: Singapore (0.0%) and Taiwan (0.6%). Please find below the performances in USD terms of the GPR/APREA Composite REIT Index and country sub-set indices:











Global Property Research

Jeroen Vreeker

T: +31 (20) 348.84.51