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GPR/APREA Composite REIT Index Rises 2.2%, Outperforming Equities In May

GPR/APREA Composite REIT Index Rises 2.2%, Outperforming Equities In May

By Jeroen Vreeker, Index Analyst, Global Property Research

With no additions nor deletions throughout the month, the GPR/APREA Composite REIT Index continued to cover 164 Asia Pacific REITs as at 31 May 2019.

Asia Pacific REITs advanced 2.2% in USD terms and as such clearly outperformed equities with the comparable MSCI AC Asia Pacific Index contracting 5.8%. 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 the sector level, Residential (5.8%) posted the largest of positive returns in May 2019. The wins for other sectors ranged from 0.3% for Hotel to 4.0% for HealthCare.

 

 

The aggregate gain for the GPR/APREA Composite REIT Index was predominantly the attributable to the gains in heavily weighted Japan (4.4%), Australia (1.1%) and Hong Kong (0.1%). Meanwhile, contractions were seen in Singapore (-0.8%), Malaysia (-1.0%), China (-2.6%) and Taiwan (-2.9%). 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
E: j.vreeker@gpr.nl
W: www.globalpropertyresearch.com
L: linkedin.com/in/jeroenvreeker