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Asia Pacific REITs Record Their Third Consecutive Monthly Gain

Healthcare and residential sectors were best performing

By Jeroen Vreeker, Global Property Research

May 5, 2021 – Supported by positive performances in all countries but one (Thailand; -2.5%), the GPR/APREA Composite REIT Index ended April 2021 3.6% higher. As such, Asia Pacific REITs recorded their third consecutive month of positive total return performances in USD terms. Again, the regional REITs outperformed the regional equities that returned 1.4%. 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.


EURJPYLOCUSD
GPR/APREA Composite REIT Index1.2%2.5%2.5%3.6%

Looking at sector performances, the positive momentum got represented most by HealthCare (4.5%) as the best of all winners in April 2021:


DIVHCRHOTINDOFFOTHRESRET
GPR/APREA Composite REIT Index4.0%4.5%2.1%3.8%5.3%n/a4.1%0.8%

The comprehensive GPR/APREA Composite REIT Index covered 175 Asia Pacific REITs with a combined free float market capitalisation of US$333.7 billion as at April 30, 2021. 

Soilbuild Business Space REIT was removed last month after having been delisted from the Singapore Exchange (SGX) on April 14, 2021. The company was taken private via a trust scheme, which involved its founder Lim Chap Huat and funds affiliated with The Blackstone Group Inc.