Asia Pacific REITs Turn Positive in February, Hotel Jumps 11.2%
Losses were seen for Healthcare and Industrial sectors
By Jeroen Vreeker, Global Property Research
Asia Pacific REITs added 0.9% in February in USD terms, with the GPR/APREA Composite REIT Index more than reversing the 0.3% decline suffered in the preceding month. 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 | 1.0% | 2.7% | 1.5% | 0.9% |
Looking at the sector performances, losses were registered for HealthCare (-1.8%) and Industrial (-3.7%), while the other sectors generated positive total return performances ranging from 0.6% for Residential to 11.2% for Hotel:
| DIV | HCR | HOT | IND | OFF | OTH | RES | RET | |
| GPR/APREA Composite REIT Index | 0.7% | -1.8% | 11.2% | -3.7% | 1.7% | n/a | 0.6% | 4.2% |
With only Australia (-0.7%), Singapore (-3.6%) and Thailand (-7.3%), the momentum was marginally positive. The winners in February 2021 were Hong Kong (7.3%), Japan (3.3%), China (2.0%), Taiwan (1.4%) and Malaysia (1.2%).
