The Australian REIT market delivered a strong 13.7 percent return in the second quarter of 2026, outperforming the broader Australian market, which delivered a 4.0 percent return. The positive returns reversed the majority of the negative returns from the prior quarter when the market was affected by the war in Iran. During the second quarter, the Reserve Bank of Australia cash rate also moved higher, by 0.25 percentage points, ending the quarter at 4.35 percent.
Fund managers delivered the strongest returns, reversing their weaker returns in the prior quarter: HMC Capital (26.9 percent, after returning –39.4 percent the prior quarter), Centuria Capital (25.0 percent, after –21.5 percent the prior quarter), Charter Hall Group (24.1 percent, after –23.8 percent the prior quarter), and Goodman Group (22.5 percent, after –17.6 percent the prior quarter).
The overall sector recovered well, with only a handful of REITs delivering weaker returns, as the market contin
