Publications

- November 1, 2017: Vol. 9, Number 10

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Asia Pacific property stocks outperform other regions globally

by Christopher Hartung

 

Due to a seemingly ever-expanding list of countries with better economic growth prospects, September extended the Asia Pacific property sector’s positive performance, with total returns of 1.3 percent. Impressively, three-quarters through 2017, the region has only suffered one month with negative returns, a nominal –0.3 percent return in June. With year-to-date returns through September of 30.0 percent as compared with global real estate returns of 19.0 percent, the Asia Pacific region remains the best-performing region within the global property sector. Generally, real estate companies continue to benefit from a strengthening global-growth environment, but with the rise in yields (the US 10-year Treasury yield increased by 21 basis points in September), REITs had a tough September (down 1.8 percent in the region), as they are partial yield proxies (with returns based on SNL Financial data, with quoted country returns in local currency, and regional indices quoted

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