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.
|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:
|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%).