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CalSTRS real estate portfolio outperforms benchmark
Investors - OCTOBER 8, 2024

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CalSTRS real estate portfolio outperforms benchmark

by Kali Persall

The California State Teachers' Retirement System (CalSTRS) released its latest semiannual performance reports to the pension fund’s investment committee in September, summarizing the performance of its real estate strategy during the six-month period ending March 31.

CalSTRS said the real estate portfolio outperformed its target return benchmark during the past decade and outperformed inflation over the five- and 10-year time horizons. As of March 31, the real estate portfolio value was approximately $47.3 billion, which was 13.9 percent of the total fund.

In addition, the CalSTRS investment portfolio registered an 8.4 percent gain in the fiscal year ending June 30. During the last six months of the fiscal year, the value of CalSTRS' total portfolio rose by $14.4 billion to $341.4 billion. In the 12 months ending June 30, the value of the portfolio rose by $25.8 billion.

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