- September 1, 2015: Vol. 27, Number 8

To read this full article you need to be subscribed to Institutional Real Estate Americas

First half report: Solid mid-year performance for institutional real estate

by Sara Rutledge

The NCREIF Property Index, or NPI, started 2015 on a strong note and continued into the second quarter with a solid quarterly performance of 3.14 percent. This total quarterly return from the NPI’s $443 billion of commercial real estate investments trailed the robust first quarter return of 3.57 percent, yet outpaced the 2.91 percent returned during the same quarter a year ago. In the second quarter, the NPI total return consisted of a 1.26 percent income return and an appreciation return of 1.89 percent. The total return for the year ending second quarter 2015 was 12.98 percent, consisting of a 5.20 percent income return and 7.49 percent appreciation return.

Industrial took the lead among property types for both second-quarter and trailing-year returns, with a total return of 3.78 percent in the second quarter and an annual return of 14.80 percent. Retail was the laggard for the quarter with a 2.96 percent return, the only sub–3 percent return across all property types.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy