Widespread Losses Sent Asia Pacific REITs To Their Worst Performance In 14 Years
Declines were seen across all sectors, led by Industrial REITs’ double-digit contraction in January
By Jeroen Vreeker, Managing Director at Global Property Research
Asia Pacific REITs started 2022 in decline, with a 7.2% loss for the GPR/APREA Composite REIT Index in USD terms.
Widespread losses across countries and sectors sent the GPR/APREA Composite REIT Index to its worst start since 2008.
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 | -5.8% | -7.1% | -6.2% | -7.2% |
Looking at sector performances, the losses were in line with the overall negative sentiment and ranged from declines of 3% to 11.2%. Hotel and Office REITs fell less than Industrial and Healthcare REITs, which declined the most among the sectors during the month.
| DIV | HCR | HOT | IND | OFF | OTH | RES | RET | |
| GPR/APREA Composite REIT Index | -6.5% | -9.4% | -3.0% | -11.2% | -3.7% | n/a | -7.8% | -5.7% |
By country, performances were down as well, with Thailand (-10.7%) and Australia (-11-1%) falling below average.
Please find below the losses in USD terms of the GPR/APREA Composite REIT Index and country sub-set indices:
