The ANREV ODCE Asset Level Performance Consultation Report revealed that assets owned by Asia Pacific ODCE funds posted a total return of 0.85 percent in first quarter 2024. The total return comprised -0.14 percent capital growth and 0.99 percent income return, according to the latest data compiled by the Asian Association for Investors in Non-Listed Real Estate Vehicles (ANREV). This is a slight improvement from the previous quarter, which registered a total return of 0.33 percent on a quarter-on-quarter basis, comprising income returns of 1.02 percent and capital growth of -0.69 percent for fourth quarter 2023. The three-year and five-year annualized total return stands at 5.81 percent and 6.28 percent, respectively. At the fund level, the total return for the same period in first quarter 2024 registered -3.90 percent, while the Local Currency Equivalent Return (LCER) came in at 0.30 percent, showing a significant currency impact of -4.20 percent.
In terms of performan
