Results from the latest INREV Quarterly Asset Level Index reveal an uptick in performance for the third quarter 2020, with total returns moving back into positive territory following the negative performance posted in the previous quarter.
Recording a total return of 1.20 percent, these results reflect the easing pressure from the COVID-19 pandemic on the European non-listed real estate industry.
The improved performance was driven largely by positive capital growth, which recorded a quarter-on-quarter increase of 146 bps to 0.26 percent, with the income return increasing to 0.94 percent, a slight improvement on the 0.88 percent registered in the second quarter.
The INREV Quarterly Fund Index reflected a similar performance, with an improved quarterly return of 0.89 percent, increasing from –0.67 percent recorded in the second quarter 2020. Although far from pre-pandemic levels, uplifts were recorded across many strategies. Core funds drove the performance, po
